Vasco Data Security (VDSI) Tops Q2 EPS by 7c

Vasco Data Security (NASDAQ: VDSI) reported Q2 EPS of $0.15, $0.07 better than the analyst estimate of $0.08. Revenue for the quarter came in at $54.3 million versus the consensus estimate of $52.3 million.

“We continued to perform well with strong results during the second quarter as we made additional progress in the key areas of gross profit margins, expanding our software-based mobile application protection business, generating recurring revenue, and using VASCO’s extensive global resources to build a strong foundation in the rapidly growing e-signature market," stated T. Kendall Hunt, Chairman & CEO. “The second quarter of 2015 included significant revenue from the largest deal in our history so year-over-year comparisons remain challenging, however our core hardware business is strong with sequential quarterly growth and, for our software business, we are seeing the benefit of our increased focus on North America.”

GUIDANCE:

Vasco Data Security maintains FY2016 revenue of $205-215 million, versus the consensus of $211.72 million.

For earnings history and earnings-related data on Vasco Data Security (VDSI) click here.

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