Q2 Holdings, Inc. Announces Fourth Quarter and Full-Year 2019 Financial Results
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Q2 Holdings (QTWO) Tops Q4 EPS by 28c, Slight Beat on Revenues; Offers FY20 Revenue Guidance Above Consensus
February 19, 2020 4:33 PM ESTQ2 Holdings (NYSE: QTWO) reported Q4 EPS of $0.38, $0.28 better than the analyst estimate of $0.10. Revenue for the quarter came in at $88.67 million versus the consensus estimate of $88.37 million.
Non-GAAP Results for the Fourth Quarter and Full-Year 2019
Non-GAAP revenue for the fourth quarter of $88.7 million, up 32 percent year-over-year and up 11 percent from the previous quarter. Full-year 2019 non-GAAP revenue totaled $317.3 million, up 32 percent year-over-year.Non-GAAP gross margin for the fourth quarter of 56.8 percent, up from 52.0 percent for the prior-year quarter and from 53.6 percent for the third quarter of 2019. Non-GAAP gross margin for full-year 2019 of... More