Avalara (AVLR) Tops Q4 EPS by 15c

Avalara (NYSE: AVLR) reported Q4 EPS of $0.09, $0.15 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $144.8 million versus the consensus estimate of $133.39 million.

“In the fourth quarter, year-over-year revenue growth was 35% and year-over-year calculated billings growth was 38%, capping off an outstanding finish to our fiscal year 2020. For the full year, we delivered half a billion in revenue, up 31% year-over-year as well as record operating cash flow and free cash flow,” said Scott McFarlane, Avalara co-founder and chief executive officer. “Our results demonstrate the adaptability and resilience of our business model during challenging times. As we look ahead to 2021, the generational shifts to omnichannel commerce and cloud-based solutions, a growing emphasis on efficiency through automation, and an increasingly complex regulatory environment remain ongoing tailwinds for our business. We believe we are still in the early days of penetrating a huge addressable market to automate global tax compliance and build the category-defining, global cloud compliance platform.”

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

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