NIC (EGOV) Misses Q4 EPS by 1c

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Go back to NIC (EGOV) Misses Q4 EPS by 1c

NIC Earns 13 Cents Per Share in Fourth Quarter 2015; Achieves High End of Annual Earnings Guidance

February 4, 2016 4:00 PM EST

2016 guidance reflects continued strong organic growth of core business

OLATHE, Kan.--(BUSINESS WIRE)-- NIC Inc. (NASDAQ: EGOV), the dominant provider of eGovernment services, today announced net income of $9.0 million and earnings per share of 13 cents on total revenues of $71.2 million for the three months ended December 31, 2015. In the fourth quarter of 2014, the Company reported net income of $8.3 million and earnings per share of 12 cents on total revenues of $66.0 million.

Fourth Quarter 2015 Performance

Fourth quarter 2015 portal revenues were $66.4 million, a 7 percent increase over the fourth... More