Demandware (DWRE) Tops Q3 EPS by 16c
Demandware (NYSE: DWRE) reported Q3 EPS of $0.07, $0.16 better than the analyst estimate of ($0.09). Revenue for the quarter came in at $57.6 million versus the consensus estimate of $53.48 million.
- Subscription revenue for the third quarter was $47.8 million, a 39% year over year increase from $34.3 million in the third quarter of 2014
- The number of live customers reached 308 at September 30, 2015, an increase of 27% from 243 last year
- The number of live sites reached 1,399 at September 30, 2015, an increase of 36% from 1,027 last year
For the 2015 year, the company expects:
| $ in millions | Current Guidance | Previous Guidance | ||||||
FY’15Low | FY’15High | FY’15Low | FY’15High | |||||
| Subscription Revenue | $199 | $201 | $200 | $205 | ||||
| Total Revenue | $233 | $235 | $230 | $235 | ||||
| GAAP Net (Loss) | $(43) | $(41) | $(52) | $(48) | ||||
| Non-GAAP Gross Margin | 74% | 75% | 70% | 75% | ||||
| Non-GAAP Net Income | $5 | $7 | ($2) | $2 | ||||
For earnings history and earnings-related data on Demandware (DWRE) click here.