Ellie Mae Earnings: Here’s Why Investors are Happy Now
Ellie Mae Inc (NYSE:ELLI) 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 up 0.27%.
Ellie Mae Inc Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 35% to $0.27 in the quarter versus EPS of $0.20 in the year-earlier quarter.
Revenue: Rose 47.58% to $30.86 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: reported adjusted EPS income of $0.27 per share. By that measure, the company beat the mean analyst estimate of $0.24. It beat the average revenue estimate of $30.54 million.
Quoting Management: “We had a great start to the year with strong financial and operating performance in the first quarter,” said Sig Anderman, CEO of Ellie Mae. “Through solid execution we delivered robust growth in both revenue and profits while generating significant free cash flow. We sold a record number of SaaS Encompass360 seats, with continued strong progress in adding new customers, increasing users from existing customers, and upgrading existing customers to our SaaS platform. We also had a record increase in the number of new active SaaS users during the quarter, which we believe will provide a solid foundation for continued growth in 2013 and beyond.”
Key Stats (on next page)…