Medallia (MDLA) Tops Q3 EPS by 2c, Revenues Beat

Medallia (NYSE: MDLA) reported Q3 EPS of ($0.01), $0.02 better than the analyst estimate of ($0.03). Revenue for the quarter came in at $103.1 million versus the consensus estimate of $96.22 million.

“I am very pleased with the momentum in our business that has carried into the fourth quarter. During the third quarter, we crossed the $100 million quarterly revenue milestone, added many more marquee customers and grew our year-over-year subscription and total revenue,” commented Leslie Stretch, president and CEO, Medallia. “New signings included Amadeus, American Axle & Manufacturing, Inc., Amtrak, Hard Rock Cafe, Pizza Hut and Softbank.”

Stretch continued, “We also expanded our ability to transform customer experience in real-time with the acquisition of Crowdicity, a crowdsourcing innovation and idea solution, and Zingle, a multi-channel mobile messaging technology, already in use in many of our hospitality customers. Our platform and signal story is resonating with customers and prospects alike, our scale and ability to out-innovate the market is being clearly recognized and this positions us well for the future.”

For earnings history and earnings-related data on Medallia (MDLA) click here.

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