Imperva Earnings: Here’s Why Shares are Down Now
Imperva Inc (NYSE:IMPV) had a loss and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.24%.
Imperva Inc Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.13 in the quarter versus EPS of $-0.12 in the year-earlier quarter.
Revenue: Rose 32.9% to $28.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Imperva Inc reported adjusted EPS loss of $0.13 per share. By that measure, the company missed the mean analyst estimate of $-0.10. It beat the average revenue estimate of $27.5 million.
Quoting Management: “The investments being made to our global sales and support infrastructure are beginning to pay off, evidenced by the 66% year-over-year increase in new customers during the first quarter,” stated Shlomo Kramer, President and Chief Executive Officer of Imperva. “Our results highlight the underlying strength of our technology, our comprehensive, fully-integrated solution, and our global footprint as we accelerated our investments in the business to take advantage of the demand we are seeing worldwide. Looking forward, we see numerous growth opportunities to expand our geographic reach and introduce additional products to enhance our offering and extend our leadership position.”
Key Stats (on next page)…