Brightcove (BCOV) Tops Q1 EPS by 1c

Brightcove (NASDAQ: BCOV) reported Q1 EPS of $0.02, $0.01 better than the analyst estimate of $0.01. Revenue for the quarter came in at $36.3 million versus the consensus estimate of $35.05 million.

“Brightcove delivered strong first quarter results that met or exceeded our expectations across the top and bottom lines,” said David Mendels, Chief Executive Officer of Brightcove. “The product and go-to-market transformation we’ve made in recent years is paying off, with accelerating product innovation and leadership, customer wins and improved revenue retention.”

Mendels continued, “It is an exciting time in the world of online video and we see significant opportunities in both our media and digital marketing businesses. We are executing well and are confident in our ability to deliver consistent double-digit revenue growth and strong profitability over time, which we believe will generate enhanced long-term shareholder value.”

For earnings history and earnings-related data on Brightcove (BCOV) click here.

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