Ellie Mae (ELLI) Misses Q2 EPS by 2c, Guides FY EPS Well Below Views

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Go back to Ellie Mae (ELLI) Misses Q2 EPS by 2c, Guides FY EPS Well Below Views

Ellie Mae Reports Second Quarter 2017 Results

July 27, 2017 4:05 PM EDT

Revenue Up 16% to $104.1 million

PLEASANTON, Calif.--(BUSINESS WIRE)-- Ellie Mae® (NYSE: ELLI), a leading provider of innovative on-demand software solutions and services for the residential mortgage industry, today reported results for the second quarter ended June 30, 2017.

Second Quarter 2017 Highlights

Revenue of $104.1 million, up 16% from $90.1 million in 2016 Net income of $18.8 million1, up from $10.6 million in 2016 Adjusted EBITDA of $35.8 million, up 16% from $30.9 million in 2016 9,600 Encompass seats booked

Despite mortgage... More