Responsys Earnings: Here’s Why Investors are Ambivalent Now
Responsys Inc (NASDAQ:MKTG) 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.
Responsys Inc Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 0% to $0.07 in the quarter versus EPS of $0.07 in the year-earlier quarter.
Revenue: Rose 27.46% to $48.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Responsys Inc reported adjusted EPS income of $0.07 per share. By that measure, the company beat the mean analyst estimate of $0.05. It beat the average revenue estimate of $44.37 million.
Quoting Management: “Our outperformance in the first quarter demonstrates the value that customers place on our differentiated solutions, and we are confident that our growth will continue to be driven by the success of our customers,” said Dan Springer, Chairman and CEO. “The strong volumes of digital messages sent by our customers and the higher than anticipated demand for our professional services from new and existing clients were the key revenue drivers this quarter. We believe our ongoing investment in innovation has allowed us to pioneer market-leading products that provide our customers with competitive advantages.”
Key Stats (on next page)…