Broadsoft (BSFT) Tops Q2 EPS by 13c, Guides Below the Street
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BroadSoft Reports Second Quarter 2016 Financial Results
August 1, 2016 7:30 AM EDTGAITHERSBURG, MD -- (Marketwired) -- 08/01/16 -- BroadSoft, Inc. (NASDAQ: BSFT), a leading global provider of hosted cloud-based enterprise communications software and services to the telecommunications industry, today announced financial results for the quarter ended June 30, 2016.
Financial Highlights for the Second Quarter of 2016
Total revenue increased 27% year-over-year to $81.7 million GAAP gross profit equaled 72% of total revenue; non-GAAP gross profit equaled 77% of total revenue GAAP income from operations totaled $0.6 million; non-GAAP income from operations totaled $15.9 million or 19% of revenue GAAP basic and diluted net loss per share equaled... More