Q2 Holdings, Inc. Announces First Quarter 2021 Financial Results
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Q2 Holdings (QTWO) Tops Q1 EPS by 2c, Revenues Beat; Offers 2Q & FY21 Revenues Guidance Above Consensus
May 5, 2021 5:24 PM EDTQ2 Holdings (NYSE: QTWO) reported Q1 EPS of $0.10, $0.02 better than the analyst estimate of $0.08. Revenue for the quarter came in at $116.52 million versus the consensus estimate of $115.32 million.
Non- GAAP Results for the First Quarter 2021
Non-GAAP revenue for the first quarter of $117.0 million, up 25 percent year-over-year and up 7 percent from the fourth quarter of 2020.Non-GAAP gross margin for the first quarter of 52.6 percent, down from 53.1 percent for the prior-year quarter and up from 48.3 percent for the fourth quarter of 2020.Adjusted EBITDA for the first quarter of $9.9 million, up from... More