Exa (EXA) Misses Q2 EPS by 2c; Guides Q3, FY14 Revs

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Go back to Exa (EXA) Misses Q2 EPS by 2c; Guides Q3, FY14 Revs

Exa Reports Second Quarter Fiscal 2015 Financial Results

August 27, 2014 4:05 PM EDT

BURLINGTON, Mass., Aug. 27, 2014 (GLOBE NEWSWIRE) -- Exa® Corporation (Nasdaq: EXA), a global innovator of fluids simulation solutions for product engineering, today announced financial results for the second quarter of fiscal 2015, which ended July 31, 2014.

"We reported a strong second quarter, with revenue growth increasing 17% year over year," said Stephen Remondi, President and Chief Executive Officer of Exa. "Our investment strategy is delivering positive results, as reflected in revenue and profitability that were both at the top end of guidance. Most importantly, we saw license revenue growth accelerate to 15%, demonstrating our ability to convert project... More