Bottomline Technologies (EPAY) Tops Q4 EPS by 2c

(Updated - August 11, 2015 3:38 PM EDT)

Bottomline Technologies (Nasdaq: EPAY) reported Q4 EPS of $0.35, $0.02 better than the analyst estimate of $0.33. Revenue for the quarter came in at $85.4 million versus the consensus estimate of $87 million.

“We are pleased to report a strong fourth quarter which completes a record fiscal year”, said Rob Eberle, President and CEO of Bottomline Technologies. “Earlier this year we saw an opportunity to invest in several key product sets in order to extend our leadership position and drive future growth and profitability. The strong demand we saw for our offerings in the quarter confirms the technology investments we have made are well received by the market. As we enter the new fiscal year, our pipeline is strong and we are committed to executing against our plan. We are confident our efforts will drive top line growth, expanding margins and delivering shareholder value in the years to come.”

Fourth Quarter Customer Highlights

• Twenty-two leading institutions selected Paymode-X, Bottomline’s leading cloud-based payments automation platform, including one of the country’s leading food processing companies as well as other leading institutions in hospitality, property management and healthcare.
• Chosen by twelve leading organizations, including CorVel Enterprise Comp Inc. and J.C. Penney Corporation, to provide Bottomline's cloud-based legal spend management solutions to automate, manage and control their legal spend.
• Signed nine new Digital Banking deals, enabling banks to grow revenues and relationships by deploying innovative digital capabilities.
• Entered into a multi-year contract to provide Bottomline's Patient Privacy and Data Security with Cedars Sinai. This patented solution offers a non-invasive approach to monitor, replay, and analyze user behavior across multiple systems and applications.
• Companies such as First National Bank, Dart Group Plc and Banque Cantonale de Geneve selected Bottomline’s Financial Messaging solution to improve operating efficiencies and optimize the effectiveness of their financial transactions by utilizing the SWIFT global network.

Fourth Quarter Strategic Corporate Highlights

• Launched Digital Banking 3.0, which allows the bank to better target their sales and marketing revenues while providing the bank's business customers with increased financial management capabilities.
• Deployed Legal-X 11, which provides increased capabilities for insurance companies to manage legal spend.
• Launched Bottomline's Patient Privacy and Data Security for Healthcare to address critical gaps in safeguarding sensitive patient data.
• Announced a one-million share stock repurchase program to be completed by December 31, 2015.

For earnings history and earnings-related data on Bottomline Technologies (EPAY) click here.

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