Sciquest (SQI) Tops Q4 EPS by 1c, Offers Q1 & FY16 Guidance

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SciQuest Announces Fourth Quarter and Full Year Results

February 4, 2016 4:05 PM EST

MORRISVILLE, N.C., Feb. 04, 2016 (GLOBE NEWSWIRE) -- SciQuest, Inc. (Nasdaq: SQI), the leading public provider of spend management solutions delivering value beyond savings, today announced its financial results for the fourth quarter and full year ended December 31, 2015.

Q4 financial results were above the high end of our guidance ranges, and we delivered another solid sales quarter. For the second quarter in a row, the average selling price to new customers was high. In addition, cross-selling to existing customers was strong, said Stephen Wiehe, Chief Executive Officer of SciQuest. During 2015 we... More