Callidus Software, Inc. (NASDAQ: CALD) reported Q1 EPS of $0.04, $0.01 worse than the analyst estimate of $0.05. Revenue for the quarter came in at $39.7 million versus the consensus estimate of $38.43 million.

"I was pleased with our focus on execution in Q1. In a busy quarter when we moved our headquarters and conducted a successful secondary offering we achieved record revenues and record recurring revenues. We beat both our cloud revenue growth percentage and total revenue guidance. Our priorities for the remainder of 2015 are to continue to grow the cloud business at 35% and to make money," said Leslie Stretch, president and CEO of CallidusCloud.

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