Sciquest (SQI) Tops Q3 EPS by 1c, Offers Q4 Guidance

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SciQuest Announces Third Quarter Results

October 29, 2015 4:06 PM EDT

MORRISVILLE, N.C., Oct. 29, 2015 (GLOBE NEWSWIRE) -- SciQuest, Inc. (Nasdaq: SQI), a leading provider of cloud-based business automation solutions for spend management, today announced its financial results for the third quarter ended September 30, 2015.

"We delivered strong financial results in the third quarter with revenue and non-GAAP earnings per share that were above the high end of our guidance ranges. During the quarter, we added 15 new customers most of whom purchased multiple modules, generating a high average selling price," said Stephen Wiehe, Chief Executive Officer of SciQuest. "In the coming quarters, we intend to continue... More