Q2 Holdings, Inc. Announces First Quarter 2020 Financial Results
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Q2 Holdings (QTWO) Tops Q1 EPS by 3c, Revenues Beat; Offers 2Q & FY20 Revenue Guidance Below Consensus
May 6, 2020 5:26 PM EDTQ2 Holdings (NYSE: QTWO) reported Q1 EPS of ($0.09), $0.03 better than the analyst estimate of ($0.12). Revenue for the quarter came in at $93.8 million versus the consensus estimate of $92.99 million.
Non-GAAP Results for the First Quarter 2020
Non-GAAP revenue for the first quarter of $93.8 million, up 32 percent year-over-year and up 6 percent from the previous quarter.Non-GAAP gross margin for the first quarter of 53.1 percent, up from 52.3 percent for the prior-year quarter and down from 56.8 percent for the fourth quarter of 2019.Adjusted EBITDA for the first... More