Brightcove Announces Financial Results for Second Quarter Fiscal Year 2020
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Brightcove (BCOV) Tops Q2 EPS by 10c, Revenues Beat; Offers 3Q & FY20 EPS/Revenue Guidance Above Consensus
July 22, 2020 4:39 PM EDTBrightcove (NASDAQ: BCOV) reported Q2 EPS of $0.07, $0.10 better than the analyst estimate of ($0.03). Revenue for the quarter came in at $47.9 million versus the consensus estimate of $44.89 million.
Second Quarter 2020 Financial Highlights:
Revenue for the second quarter of 2020 was $47.9 million, an increase of 1% compared to $47.6 million for the second quarter of 2019. Subscription and support revenue was $45.6 million, an increase of 2% compared to $44.9 million for the second quarter of 2019.Gross profit for the second quarter of 2020 was $28.0 million, representing a gross margin of 58% compared to a gross profit of $26.0 million for the... More