Callidus Software, Inc. (CALD) Misses Posts Q1 Loss of $0.11/Sh, Sales Beat

Callidus Software, Inc. (NASDAQ: CALD) reported Q1 EPS of ($0.11), $0.17 worse than the analyst estimate of $0.06. Revenue for the quarter came in at $58.1 million versus the consensus estimate of $56.95 million.

“Q1 was a great start to 2017 building on the momentum of a record-breaking 2016. We posted another quarter of over 30% SaaS revenue growth and are on target to meet our full-year goals,” said Leslie Stretch, president and CEO, CallidusCloud. “In the quarter we were recognized as a leader in the Gartner Inc. 2017 Magic Quadrant for Sales Performance Management, the Forrester Wave™ for Configure-Price-Quote Solutions, G2 Crowd’s Best Software for HR Teams, Gartner’s FrontRunners Quadrant for Learning Management and we were named a “Great Workplace” by Independent Analysts at Great Place to Work.”

Financial Outlook for 2017 – Second Quarter and Full Year

For the second quarter of 2017, CallidusCloud expects SaaS revenue to be between $46.3 million and $46.9 million. Maintenance revenue is expected to be between $700 thousand and $900 thousand. Total revenue is expected to be between $58.4 million and $59.4 million. GAAP operating loss is expected to be between $6.4 million and $6.9 million, with GAAP pre-tax loss between $6.6 million and $7.1 million. Non-GAAP operating income is expected to be between $4.0 million and $5.0 million, with non-GAAP pre-tax income between $3.8 million and $4.8 million.

For the full year of 2017, CallidusCloud is updating its previous SaaS revenue guidance to be between $191.0 million and $197.0 million. Maintenance revenue is expected to be between $2.8 million and $3.3 million. CallidusCloud is updating its previous total revenueguidance to be between $241.0 million and $246.5 million. GAAP operating loss is expected to be between $21.5 million and $23.0 million, with GAAP pre-tax loss between $22.0 million and $24.0 million. Non-GAAP operating income is expected to be between $21.0 million and $23.5 million, with non-GAAP pre-tax income between $20.5 million and $22.5 million.

For earnings history and earnings-related data on Callidus Software, Inc. (CALD) click here.

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