NIC (EGOV) Tops Q2 EPS by 2c

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NIC Earns 20 Cents Per Share in Second Quarter 2016; Company Reports Record Quarterly Revenues Driven by Solid Growth of Core Digital Government Services

August 4, 2016 4:00 PM EDT

OLATHE, Kan.--(BUSINESS WIRE)-- NIC Inc. (NASDAQ: EGOV), the dominant provider of digital government services, today announced net income of $13.1 million and earnings per share of 20 cents on total revenues of $80.8 million for the three months ended June 30, 2016. In the second quarter of 2015, the Company reported net income of $11.3 million and earnings per share of 17 cents on total revenues of $75.8 million.

Quarterly portal revenues were a record $75.5 million, a 6 percent increase over the second quarter of 2015. On a same-state basis, portal revenues were $75.2 million in the current quarter, a 6 percent increase over the... More