NIC (EGOV) Misses Q4 EPS by 1c, Revenues beat; Offers FY20 EPS Guidance Below Consensus, FY20 Revenue Mid-Point Outlook Above Consensus

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Go back to NIC (EGOV) Misses Q4 EPS by 1c, Revenues beat; Offers FY20 EPS Guidance Below Consensus, FY20 Revenue Mid-Point Outlook Above Consensus

NIC Reports Fourth Quarter 2019 Results

January 29, 2020 4:07 PM EST

Company Continues to Drive Strong Organic Revenue Growth and Secure Key Contract Renewals

Declares 12.5% increase in regular quarterly dividend to 9 cents per share

OLATHE, Kan.--(BUSINESS WIRE)-- NIC Inc. (Nasdaq: EGOV), the leading provider of digital government services, announced results for the fourth quarter of 2019 that ended December 31, 2019, as compared to the fourth quarter of 2018.

Total revenues of $87.1 million, an 11% increase. Operating income of $11.7 million, a 7% decrease, reflecting higher costs to implement the Company's outdoor recreation solution in Pennsylvania... More