Broadsoft (BSFT) Tops Q1 EPS by 11c; Issues Mixed Outlook

Broadsoft (NASDAQ: BSFT) reported Q1 EPS of $0.37, $0.11 better than the analyst estimate of $0.26. Revenue for the quarter came in at $73.1 million versus the consensus estimate of $71.58 million.

"We are very pleased with our financial performance to start 2016. In the first quarter we grew revenue by 31% year-over-year driven by double-digit growth across all geographies," said Michael Tessler, president and chief executive officer, BroadSoft. "In addition to our robust results, we made several exciting announcements during the quarter, one of which was Vodafone Germany selecting our UC-One solution to power its new One Net Business cloud-based UC service. Our participation in the launch of this service at CeBIT is a great example of our expanded marketing efforts with our service provider partners."

GUIDANCE:

Broadsoft sees Q2 2016 EPS of $0.25-$0.40, versus the consensus of $0.44. Broadsoft sees Q2 2016 revenue of $76-81 million, versus the consensus of $79.9 million.

Broadsoft sees FY2016 EPS of $1.90-$2.10, versus the consensus of $2.03. Broadsoft sees FY2016 revenue of $332-340 million, versus the consensus of $336.13 million.

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

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