IP communications specialist Broadsoft (NASDAQ:BSFT, news, filings) put forward its strongest earnings quarter since going public back in June. According to Yahoo Finance, the company was expected to achieve revenues of $19.6M and a non-GAAP loss per share of $0.07, which it easily beat with $22.3M in revenues and actual earnings per share of $0.08. Perhaps they don’t yet have BroadSoft’s measure on Wall Street just yet. Here is a quick table of the company’s results in the context of the first two quarters of 2010:
|($ in millions)||Q1/10||Q2/10||Q3/10||
|– Maintenance & Services||$9.0||$9.1||$9.4|
|Cost of revenue||$4.8||$5.1||$4.9|
|Non-GAAP Earnings per share||$(0.10)||$(0.03)||$0.08||$0.28-0.31|
Looks like solid revenue growth against largely fixed costs thus far. BroadSoft also offered guidance for the fourth quarter that was inline on EPS and above expectations on revenue. The fourth quarter must be seasonally large for the company, as the street was largely expecting such numbers – the extra revenue beyond expectations appears to be roughly what the Casabi acquisition will contribute, as that deal has already closed.
If you haven't already, please take our Reader Survey! Just 3 questions to help us better understand who is reading Telecom Ramblings so we can serve you better!Categories: Financials · Software · VoIP