Bottomline Technologies (EPAY) Tops Q2 EPS by 2c, Revenues Beat

Bottomline Technologies (NASDAQ: EPAY) reported Q2 EPS of $0.30, $0.02 better than the analyst estimate of $0.28. Revenue for the quarter came in at $116 million versus the consensus estimate of $113.74 million.

“Bottomline delivered solid results in the second quarter. With an increase in transaction volumes we expect strong subscription growth in Q3 and Q4 which will put us on track for subscription revenue growth at or near our target 15-20% range in FY21” said Rob Eberle, CEO. “Strategically we made significant advancements in our product set during Q2, particularly our payments and cash life cycle platform. We are confident in our strategic plan and our ability to execute against that plan. Our focus on market leadership and subscription revenue growth positions us to drive sustained shareholder value.”

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

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