Q2 Holdings, Inc. Announces First Quarter 2019 Financial Results
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Q2 Holdings (QTWO) PT Raised to $85 at Needham & Company
May 8, 2019 12:33 PM EDTNeedham & Company analyst Mayank Tandon raised the price target on Q2 Holdings (NYSE: QTWO) to $85.00 (from $80.00) while maintaining a Buy rating.
The analyst commented, "QTWO delivered solid 1Q results, beating estimates on the top-line. While EBITDA came in a touch light,... More
Q2 Holdings (QTWO) Misses Q1 EPS by 1c, Revenues Beat; Offers Q2 & FY19 Revenue Guidance Above Consensus
May 7, 2019 4:44 PM EDTQ2 Holdings (NYSE: QTWO) reported Q1 EPS of ($0.05), $0.01 worse than the analyst estimate of ($0.04). Revenue for the quarter came in at $71.3 million versus the consensus estimate of $70.58 million.
First Quarter 2019 Results
Revenue for the first quarter of $71.3 million, up 30 percent year-over-year and up 6 percent from the previous quarter.GAAP gross margin for the first quarter of 47.8 percent, down from 50.8 percent one year ago. Non-GAAP gross margin for the first quarter of 52.3 percent, down from 54.3 percent one year ago. The year-over-year decline is primarily attributable to the investment in the Cloud... More