MAM Software (MAMS) Tops Q2 EPS by 1c

MAM Software (NASDAQ: MAMS) reported Q2 EPS of $0.06, $0.01 better than the analyst estimate of $0.05. Revenue for the quarter came in at $8.96 million versus the consensus estimate of $9.46 million.

Business Outlook

The Company reiterated its expectations for continued revenue growth during fiscal year 2019 of approximately 10%, on a constant currency basis, and continuing improvement in profitability with 2019 Adjusted EBITDA* in the range of $6.2 million to $6.7 million, on a constant currency basis. The Company also expects to invest approximately $7.0 million in Research and Development, including capitalized software development costs.

For earnings history and earnings-related data on MAM Software (MAMS) click here.

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