Close

The Advisory Board Co (ABCO) Tops Q4 EPS by 4c

May 8, 2014 4:14 PM EDT

The Advisory Board Co (NASDAQ: ABCO) reported Q4 EPS of $0.34, $0.04 better than the analyst estimate of $0.30. Revenue for the quarter came in at $138 million versus the consensus estimate of $137.01 million.

Robert Musslewhite, Chairman and Chief Executive Officer of The Advisory Board Company, commented, "We are pleased with our performance for both the quarter and the fiscal year, as the business momentum we saw at the end of calendar 2013 continued through the March quarter. All of the key metrics that gauge the health of the business—revenue growth, contract value growth, membership base expansion, renewal rate, margins, and future growth investment—illustrate our strong, scalable business model and a virtuous cycle where members, deriving measurable impact from their work with us, not only renew their memberships but also extend their work with us in deeper and more comprehensive ways. These deeper relationships allow us to understand their needs even better and deliver even more impact, spurring greater loyalty and cross-sales which drive ongoing company growth as well as the expansion of our footprint and impact. Our overall growth strategy is predicated on this cycle, and we are thrilled to see it continue this year."

For earnings history and earnings-related data on The Advisory Board Co (ABCO) click here.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Earnings, Management Comments

Related Entities

Earnings