Brightcove (BCOV) Tops Q1 EPS by 6c
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Brightcove Announces Financial Results for First Quarter Fiscal Year 2017
May 4, 2017 4:06 PM EDTBOSTON--(BUSINESS WIRE)-- Brightcove Inc. (Nasdaq: BCOV), the leading provider of cloud services for video, today announced financial results for the first quarter ended March 31, 2017.
Brightcove reported mixed first quarter financial results with revenue in line with expectations but non-GAAP EPS below guidance primarily due to a revenue mix shift and unanticipated one-time costs associated with a large clients impending OTT service launch, said David Mendels, Chief Executive Officer of Brightcove. In addition, while we had strong year-over-year bookings performance in the quarter, we experienced a significant and unanticipated decrease in our revenue... More
