Opower (OPWR) Tops Q1 EPS by 4c, Offers Q2 & FY Guidance

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Opower Announces First Quarter 2015 Financial Results

May 12, 2015 4:05 PM EDT

Reports Revenue of $33.4 million, 17% year-over-year growth

ARLINGTON, Va.--(BUSINESS WIRE)-- Opower (NYSE: OPWR), a leading provider of cloud-based software for the utility industry, today announced its financial results for the first quarter of 2015. The company ended the quarter with revenue of $33.4 million, an increase of 17 percent year-over-year.

Opower is off to a strong start in 2015, delivering first quarter results that beat our expectations for revenue and the bottom line, said Dan Yates, chief executive officer of Opower. We expect to build on this momentum throughout the year to further secure our... More