NIC (EGOV) Reports In-Line Q1 EPS, Revenues Miss; Expects FY20 EPS/Revenue Guidance Below Consensus
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NIC Reports First Quarter 2020 Results
April 27, 2020 8:00 AM EDTOLATHE, Kan.--(BUSINESS WIRE)-- NIC Inc. (Nasdaq: EGOV), the leading provider of digital government services, announced results for the first quarter of 2020 that ended March 31, 2020, as compared to the first quarter of 2019.
Total revenues of $91.1 million, a 7% increase. Operating income of $15.3 million, a 2% increase. Net income of $11.9 million, a 3% increase. Diluted earnings per share of 18 cents, a 6% increase. Adjusted EBITDA of $20.1 million, a 5% decrease.Additional Financial Highlights:
Same state revenues of $74.2 million, a 7%... More