Ellie Mae (ELLI) Tops Q2 EPS by 16c; Guides Above the Street
Ellie Mae (NYSE: ELLI) reported Q2 EPS of $0.48, $0.16 better than the analyst estimate of $0.32. Revenue for the quarter came in at $65.9 million versus the consensus estimate of $60.04 million.
Ellie Mae sees Q3 2015 EPS of $0.31-$0.34, versus the consensus of $0.27. Ellie Mae sees Q3 2015 revenue of $61-62 million, versus the consensus of $56.98 million.
Ellie Mae sees FY2015 EPS of $1.27-$1.32, versus the consensus of $1.14. Ellie Mae sees FY2015 revenue of $237.5-238.5 million, versus the consensus of $226.91 million.
“Ellie Mae had a very strong second quarter with financial results that exceeded expectations and record seat bookings of 11,800,” said Jonathan Corr, president and CEO of Ellie Mae. “With a healthy pick up in the purchase market, our customers continued to grow their businesses and close more loans during the quarter. The increased productivity of our customer base and continued adoption across our product portfolio drove a 28% year-over-year increase in average revenue per user. Our highly differentiated approach to meeting lenders’ needs for loan quality, regulatory compliance and operating efficiency has resulted in growth that outpaced the overall mortgage origination market as we continued to capture market share.”
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