NIC (EGOV) Misses Q1 EPS by 1c
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NIC Earns 19 Cents Per Share in First Quarter 2016; Company Reports Record Quarterly Revenues and Operating Income
May 2, 2016 4:00 PM EDTOLATHE, Kan.--(BUSINESS WIRE)-- NIC Inc. (NASDAQ: EGOV), the dominant provider of digital government services, today announced net income of $12.9 million and earnings per share of 19 cents on total revenues of $78.4 million for the three months ended March 31, 2016. In the first quarter of 2015, the Company reported net income of $8.9 million and earnings per share of 14 cents on total revenues of $70.4 million.
Quarterly portal revenues were a record $73.2 million, an 11 percent increase over the first quarter of 2015. On a same-state basis, portal revenues were $73.0 million in the current quarter, a 12 percent increase over the first... More
