MAM Software (MAMS) Reports Q1 EPS of $0.10. Revenues Miss

MAM Software (NASDAQ: MAMS) reported Q1 EPS of $0.10, versus $0.00 reported last year. Revenue for the quarter came in at $9.3 million versus the consensus estimate of $9.45 million.

Michael Jamieson, MAM's President and Chief Executive Officer commented, "Our first quarter financial results were in-line with our expectations and reflect the strength of our business model and the health of our balance sheet. We continue to grow our top line revenue and generate solid profitability and strong cash flow for reinvestment back into our business, while also returning a portion to our stockholders in the form of a share repurchase program. We are encouraged by the solid start to fiscal year 2019 and remain on track to achieve our financial guidance for the full year."

Jamieson added, "We also continued to make significant investments in our products, including VAST Online and our DaaS products, and I am very pleased with the progress that we have made during the first quarter."

For earnings history and earnings-related data on MAM Software (MAMS) click here.

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