Broadsoft (BSFT) Tops Q1 EPS by 11c; Issues Mixed Outlook
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BroadSoft Reports First Quarter 2016 Financial Results
May 2, 2016 7:30 AM EDTGAITHERSBURG, MD -- (Marketwired) -- 05/02/16 -- BroadSoft, Inc. (NASDAQ: BSFT), the leading global provider of software and services that enable telecommunications service providers to deliver hosted, cloud-based Unified Communications, or UC, to their enterprise customers, today announced financial results for the quarter ended March 31, 2016.
Financial Highlights for the First Quarter of 2016
Total revenue increased 31% year-over-year to $73.1 million GAAP gross profit equaled 72% of total revenue; non-GAAP gross profit equaled 76% of total revenue GAAP loss from operations totaled $(0.4) million; non-GAAP income from operations totaled $11.8 million or 16% of... More