Avalara (AVLR) Tops Q1 EPS by 6c

Avalara (NYSE: AVLR) reported Q1 EPS of ($0.05), $0.06 better than the analyst estimate of ($0.11). Revenue for the quarter came in at $111.4 million versus the consensus estimate of $108.31 million.

“Avalara continued to see strong growth at the start of 2020, driven by the delivery and adoption of our compliance automation suite by a variety of industries, segments, and regions,” said Scott McFarlane, co-founder and chief executive officer of Avalara. “We believe that our proven ability to drive efficiencies for our customers, our partners, and ourselves will be even more critical to deliver strong results during this unprecedented challenge.”

For earnings history and earnings-related data on Avalara (AVLR) click here.

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