Broadsoft (BSFT) Tops Q1 EPS by 3c
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BroadSoft Reports First Quarter 2017 Financial Results
May 1, 2017 7:30 AM EDTGAITHERSBURG, Md., May 01, 2017 (GLOBE NEWSWIRE) -- BroadSoft, Inc. (NASDAQ: BSFT), the leading global provider of software and services that enable telecommunications service providers to deliver hosted, cloud-based Unified Communications, or UC, to their enterprise customers, today announced financial results for the quarter ended March 31, 2017.
Financial Highlights for the First Quarter of 2017
Total revenue increased 9% year-over-year to $79.7 millionGAAP gross profit equaled 69% of total revenue; non-GAAP gross profit equaled 73% of total revenueGAAP loss from operations totaled $(7.6) million; non-GAAP income from operations totaled $6.5 million or 8% of... More