Broadsoft (BSFT) Tops Q4 EPS by 7c; Guides Q1, FY15

Broadsoft (NASDAQ: BSFT) reported Q4 EPS of $0.64, $0.07 better than the analyst estimate of $0.57. Revenue for the quarter came in at $65.8 million versus the consensus estimate of $63.06 million.

Management Commentary

"I am very pleased with our fourth quarter and full year 2014 results, and the achievement of our 2014 strategic objectives, particularly the level of growth in our BroadCloud business," said Michael Tessler, president and chief executive officer, BroadSoft. "Our positive results were largely driven by increased demand for our hosted Unified Communications offerings. Our goal during 2015 is to capitalize on this increasing market demand to further enhance our leading market position."

"Our fourth quarter capped a year of strong revenue, billings and cash flow growth that were attributable primarily to strength in our hosted Unified Communications businesses," said Jim Tholen, chief financial officer, BroadSoft. "We expect 2015 to be another strong year for revenue and billings growth, aided in part by several significant new projects at tier-1 service providers. We are investing to support those projects and others that we believe will be important to our success not just this year, but also in 2016 and beyond."

Broadsoft sees Q1 2015 EPS of $0.13-$0.21, versus the consensus of $0.16. Broadsoft sees Q1 2015 revenue of $52-56 million, versus the consensus of $52.1 million.

Broadsoft sees FY2015 EPS of $1.40-$1.64, versus the consensus of $1.55. Broadsoft sees FY2015 revenue of $260-268 million, versus the consensus of $253.6 million.

For earnings history and earnings-related data on Broadsoft (BSFT) click here.

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