Bottomline Technologies (EPAY) Reports In-Line Q1 EPS

Bottomline Technologies (NASDAQ: EPAY) reported Q1 EPS of $0.33, in-line with the analyst estimate of $0.33. Revenue for the quarter came in at $102.44 million versus the consensus estimate of $99.89 million.

“The first quarter was another successful quarter for Bottomline,” said Rob Eberle, President and CEO. “The capabilities of our product set, strength of our execution, and value of our business model were evident. We drove over 20% subscription and transaction growth from products traditionally sold in the subscription model and a 15% overall increase in subscription and transaction revenue. We are well positioned in an increasingly active business payments marketplace. Our investments and execution are targeted to drive sustained growth for years to come.”

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

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