Rally Software (RALY) Misses Q4 EPS by 4c, Offers Q1 & FY Guidance

Rally Software (NYSE: RALY) reported Q4 EPS of ($0.28), $0.04 worse than the analyst estimate of ($0.24). Revenue for the quarter came in at $24.6 million versus the consensus estimate of $24.28 million.

Business Outlook

As of March 19, 2015, management is providing its financial outlook as follows:

First Quarter of Fiscal 2016

• Total revenue in the range of $24.3 to $24.6 million, or 25% to 27% growth over the prior year's first quarter.
• GAAP net loss per basic and diluted share of approximately $(0.31) to $(0.28), based on 25.5 million weighted average shares of common stock outstanding.
• Non-GAAP net loss per basic and diluted share of approximately $(0.24) to $(0.21), based on 25.5 million weighted average shares of common stock outstanding, which excludes $1.8 million in stock-based compensation and amortization of acquired intangible assets.

Fiscal Year 2016

• Total revenue in the range of $103.5 to $105.5 million, or 18% to 21% growth over the prior year.
• GAAP net loss per basic and diluted share of approximately $(1.14) to $(1.10), based on 25.9 million weighted average shares of common stock outstanding.
• Non-GAAP net loss per basic and diluted share of approximately $(0.85) to $(0.81), based on 25.9 million weighted average shares of common stock outstanding, which excludes $7.3 million in stock-based compensation and amortization of acquired intangible assets.

(Street sees FY EPS of ($0.90) on revenue of $104.41 million)

For earnings history and earnings-related data on Rally Software (RALY) click here.

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Blackhawk Network (HAWK) Reports Q2 Loss of $0.07; Offers Guidance
• Reading (RDI) Tops Q2 EPS by 4c