Datawatch (DWCH) Tops Q3 EPS by 12c, Revenues Beat

Datawatch (NASDAQ: DWCH) reported Q3 EPS of $0.07, $0.12 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $12.9 million versus the consensus estimate of $11.81 million.

“We are pleased with our progress during this first full quarter following the Angoss acquisition, which was highlighted by 23% year-over-year total revenue growth, 40% year-over-year license revenue growth and a 57% recurring revenue mix1,” said Michael A. Morrison, president and chief executive officer of Datawatch. “Customers have embraced the addition of Angoss to our portfolio, our dedication to continuous innovation with the latest releases of Swarm and Panopticon, and our unwavering focus on both the ease of use and the breadth of our data intelligence platform offering. We enter the fourth quarter of fiscal 2018 with momentum and confidence that we can capture more opportunities in an extremely vibrant segment of business analytics.”

James L. Eliason, chief financial officer, commented, “We delivered record results for total bookings, subscription bookings, total revenue and license revenue in our fiscal third quarter. In addition, deferred revenue is at an all-time high of $18.8 million and our overall balance sheet remains strong. Finally, we completed the Angoss integration during the quarter and have fully consolidated all back-office systems and operations.”

For earnings history and earnings-related data on Datawatch (DWCH) click here.

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