Tufin Announces Second Quarter 2019 Results
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Tufin (TUFN) Tops Q2 EPS by 2c, Revenues Beat; Offers Q3 & FY19 Revenue Guidance
September 3, 2019 7:48 AM EDTTufin (NYSE: TUFN) reported Q2 EPS of ($0.18), $0.02 better than the analyst estimate of ($0.20). Revenue for the quarter came in at $25.1 million versus the consensus estimate of $23.99 million.
Financial Highlights for the Second Quarter Ended June 30, 2019
Revenue:
Total revenue was $25.1 million, up 36% compared with the second quarter of 2018.Product revenue was $10.9 million, up 31% compared with the second quarter of 2018.Maintenance and professional services revenue was $14.2 million, up 39% compared with the second quarter of 2018.Gross Profit:
GAAP gross profit was... More