Bottomline Technologies (EPAY) Misses Q3 EPS by 6c

Bottomline Technologies (NASDAQ: EPAY) reported Q3 EPS of $0.27, $0.06 worse than the analyst estimate of $0.33. Revenue for the quarter came in at $111.7 million versus the consensus estimate of $113.09 million.

“Bottomline responded extraordinarily well to the COVID-19 crisis. We are operating effectively and consistently, with a priority on the safety and well-being of the Bottomline team, supporting and delivering for our customers around the globe, and keeping our business strong” said Rob Eberle, CEO. “We had a strong and productive quarter, highlighted by continued strong subscription revenue growth, a solid bookings result, and an agile and resilient response to the initial stage of the crisis. Our applications are mission-critical and the vast majority of our revenues are unimpacted by the pandemic’s economic disruption. Longer term, we see an acceleration of digital transformation of business payments driving increased demand for our solution set and growth for our company.”

For earnings history and earnings-related data on Bottomline Technologies (EPAY) click here.

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