Blucora, Inc. (BCOR) Tops Q1 EPS by 23c

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Go back to Blucora, Inc. (BCOR) Tops Q1 EPS by 23c

Blucora Announces First Quarter 2018 Results

May 9, 2018 6:30 AM EDT

IRVING, Texas, May 09, 2018 (GLOBE NEWSWIRE) -- Blucora, Inc. (NASDAQ: BCOR), a leading provider of technology-enabled financial solutions to consumers, small businesses and tax professionals, today announced financial results for the first quarter ended March 31, 2018.

First Quarter Highlights and Recent Developments

Increased total revenue by 13% year-over-yearGrew wealth management revenue by 11%, Advisory Assets Under Management (AUM) by 15% and Total Assets Under Administration by 10% year-over-yearStrengthened balance sheet by reducing debt by $40 million in first quarter, improving net leverage ratio to 2.1x vs. 3.3x in prior year... More