NIC (EGOV) Tops Q1 EPS by 3c

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Go back to NIC (EGOV) Tops Q1 EPS by 3c

NIC Earns 21 Cents Per Share on Total Revenues of $83.2 Million

May 1, 2017 4:00 PM EDT

Company Secures Several Contract Renewals and Rebids During the Quarter

OLATHE, Kan.--(BUSINESS WIRE)-- NIC Inc. (NASDAQ: EGOV), the dominant provider of digital government services, today announced net income of $14.0 million and earnings per share of 21 cents on total revenues of $83.2 million for the three months ended March 31, 2017. In the first quarter of 2016, the Company reported net income of $12.9 million and earnings per share of 19 cents on total revenues of $78.4 million.

The Companys effective tax rate in the current quarter was 34 percent, down from 37 percent in... More