Everbridge, Inc. (EVBG) Tops Q3 EPS by 2c, Revenues Beat; Offers FY18 EPS/Revenue Outlook Above Consensus

Everbridge, Inc. (NASDAQ: EVBG) reported Q3 EPS of ($0.10), $0.02 better than the analyst estimate of ($0.12). Revenue for the quarter came in at $38.9 million versus the consensus estimate of $37.91 million.

“With strong results across the board, we exceeded our guidance ranges for both revenue and non-GAAP profitability in the third quarter,” said Jaime Ellertson, Chief Executive Officer and Chairman of Everbridge. “Our performance in the third quarter clearly illustrates Everbridge’s evolution from a leading provider of mass notification technology to a broad, integrated leader in Critical Event Management. Our third quarter was characterized by growing demand – both domestically and internationally – in our core mass notification market with notable success in the corporate, healthcare and government markets, including a number of key federal wins. New products helped drive a record number of multi-product deals with increasing transaction sizes. And we furthered our leadership in Critical Event Management with our integrated suite.”

GUIDANCE:

Everbridge, Inc. sees FY2018 EPS of ($0.56)-($0.55), versus the consensus of ($0.57). Everbridge, Inc. sees FY2018 revenue of $146-146.3 million, versus the consensus of $144.06 million.

For earnings history and earnings-related data on Everbridge, Inc. (EVBG) click here.

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