Brightcove (NASDAQ: BCOV) reported Q1 EPS of $0.04, in-line with the analyst estimate of $0.04. Revenue for the quarter came in at $46.7 million versus the consensus estimate of $47.17 million.

"Brightcove is focused on supporting our customers as they adjust their businesses for the impact of the COVID-19 pandemic. The recent release of Brightcove Engage and Brightcove Continuum are the latest examples of how we empower organizations to increase engagement and connectivity with their employees and customers,” said Jeff Ray, Brightcove’s Chief Executive Officer.

Ray added, “We are pleased with the progress we are making on our strategic initiatives and customer response to our new products, particularly Brightcove Beacon™. While the near-term outlook is uncertain due to COVID-19, we remain confident the investments we have made in our products and our go-to-market team will deliver strong returns over time.”

GUIDANCE:

Brightcove sees Q2 2020 EPS of ($0.05)-($0.01), versus the consensus of ($0.01). Brightcove sees Q2 2020 revenue of $44.5-46 million, versus the consensus of $48.7 million.

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