Monotype Imaging (TYPE) Tops Q2 EPS by 19c, Slight Beat on Revenues; Offers FY18 EPS/Revenue Outlook
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Monotype Announces Second Quarter 2018 Results
July 27, 2018 7:00 AM EDTRevenue Grows 5%; Net Adjusted EBITDA Increases 48%
Raises Full-Year Profit Expectations
WOBURN, Mass.--(BUSINESS WIRE)-- Monotype Imaging Holdings Inc. (Nasdaq: TYPE) today announced financial results for the second quarter ended June 30, 2018.
Second quarter 2018 highlights
Revenue for the quarter was $60.7 million, an increase of 5% year over year. Creative Professional revenue was $38.4 million, up 25% year over year. Net income was $0.7 million; Non-GAAP net adjusted EBITDA was $17.4 million, a 48% increase year over year, or... More