BroadSoft Earnings: Here’s Why Investors are Selling Shares Now
BroadSoft, Inc. (NASDAQ:BSFT) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 24.62%.
BroadSoft, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 23.68% to $0.47 in the quarter versus EPS of $0.38 in the year-earlier quarter.
Revenue: Rose 12.95% to $45.8 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: BroadSoft, Inc. reported adjusted EPS income of $0.47 per share. By that measure, the company beat the mean analyst estimate of $0.41. It beat the average revenue estimate of $45.74 million.
Quoting Management: “We executed well against our 2012 strategic plan, including our introduction of UC-One, the only Unified Communications platform designed for telecommunications service providers,” said Michael Tessler, president and chief executive officer, BroadSoft. “In 2013, we will continue to focus on developing innovative mobile services to address the growing multi-device communication trend and provide users the freedom to communicate from anywhere. We will also closely collaborate with our customers to design successful go-to-market strategies to drive the rapid adoption of their hosted Unified Communications solutions beyond voice services.”
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