VASCO Data Security International Earnings: Here’s Why Investors are Excited Now
VASCO Data Security International Inc. (NASDAQ:VDSI) 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 0.72%.
VASCO Data Security International Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 20% to $0.06 in the quarter versus EPS of $0.05 in the year-earlier quarter.
Revenue: Rose 9.73% to $35.4 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: VASCO Data Security International Inc. reported adjusted EPS income of $0.06 per share. By that measure, the company beat the mean analyst estimate of $0.05. It beat the average revenue estimate of $34.8 million.
Quoting Management: “The results for the first quarter of 2013 were in line with our expectations,” stated T. Kendall Hunt, Chairman & CEO. “Similarly, the prospects for the business continue to be in line with the guidance we gave for the full year in February. During the first quarter, we continued to focus on the enhancement of our MYDIGIPASS.COM platform. We were pleased with the improvements included in our March release of the platform and have identified and added substantial additional improvements to our product roadmap. We have also made good progress in the first quarter in hiring sales staff that will focus on developing relationships with application service providers over the coming months.”
Key Stats (on next page)…