Guidance Software (GUID) Tops Q2 EPS by 1c

Guidance Software (NASDAQ: GUID) reported Q2 EPS of ($0.05), $0.01 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $27.5 million versus the consensus estimate of $26.57 million. Guidance Software reaffirmed FY2015 guidance.

“The second quarter reflects a continuation of the solid execution and momentum we experienced in the first quarter of 2015, with revenues exceeding our expectations for the quarter and surpassing our revenue for the same period of 2014,” said Patrick Dennis, Guidance Software’s Chief Executive Officer. “Guidance’s progress in the second quarter was marked by continued success in the endpoint security space, and for the first-half of 2015, endpoint security revenues grew 25% year-over-year.”

“Endpoint security now represents over 30% of Guidance’s overall revenues and continues to grow as we partner with the best channel distributors. We were particularly pleased to recently initiate our distribution agreement with WestconGroup, a leading value-added global distributor of security solutions. As WestconGroup’s vendor of choice, we can now team together to provide endpoint security products with shared intelligence and automation to solution providers. Our growth in the endpoint security space is in-line with the trends we are seeing in the overall market, which has been further evidenced by Guidance’s addition to the PureFunds Cyber Security ETF, HACK. We have made great progress so far in 2015, and we look forward to solid growth in the second-half of the year.”

For earnings history and earnings-related data on Guidance Software (GUID) click here.

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