Brightcove Announces Financial Results for Third Quarter Fiscal Year 2020
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Brightcove (BCOV) Tops Q3 EPS by 13c, Revenues Beat; Offers 4Q & FY20 EPS/Revenue Guidance Above Consensus
October 21, 2020 4:26 PM EDTBrightcove (NASDAQ: BCOV) reported Q3 EPS of $0.11, $0.13 better than the analyst estimate of ($0.02). Revenue for the quarter came in at $49.08 million versus the consensus estimate of $46.3 million.
Third Quarter 2020 Financial Highlights:
Revenue for the third quarter of 2020 was $49.1 million, an increase of 3% compared to $47.4 million for the third quarter of 2019. Subscription and support revenue was $46.3 million, an increase of 2% compared to $45.4 million for the third quarter of 2019.Gross profit for the third quarter of 2020 was $31.0 million, representing a gross margin of 63% compared to a gross profit of $29.1 million for... More