LiveRamp Announces Record Third Quarter Results
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LiveRamp (RAMP) Tops Q3 EPS by 6c, Revenues In-Line; Offers FY20 Revenue Mid-Point Guidance Above Consensus
February 5, 2020 4:29 PM ESTLiveRamp (NYSE: RAMP) reported Q3 EPS of ($0.03), $0.06 better than the analyst estimate of ($0.09). Revenue for the quarter came in at $102 million versus the consensus estimate of $102.27 million.
Financial Highlights:
Total revenue was $102 million, up 28% compared to the prior year period.Subscription revenue was $82 million, up 25%, and contributed 80% of total revenue.Marketplace & Other revenue was $21 million, up 38%.GAAP gross profit was $64 million, up 42% compared to the prior year period. GAAP gross margin of 63% expanded 6 percentage points. Non-GAAP gross profit was $71 million, up 38% compared to the prior... More