It’s been several quarters of outsized results for bsft now, following today’s easy beat of guidance and analyst estimates. With both the VoIP and cloud sectors advancing, the communications software platform provider has been in a sweet spot lately. Here’s a quick summary of their data in the context of the prior four quarters:
| ($ in millions) | Q2/10 | Q3/10 | Q4/10 | Q1/11 | Q2/11 | Q3/11
(guidance) |
FY11
(guidance) |
|---|---|---|---|---|---|---|---|
| -Licensing | $10.6 | $12.9 | $21.1 | $15.2 | $19.2 | ||
| -Maintenance&Services | $9.1 | $9.4 | $14.7 | $14.5 | $13.0 | ||
| Revenue | $19.7 | $22.3 | $35.8 | $29.7 | $32.2 | $31-33 | $127-130M |
| Cost of revenue | $5.1 | $4.9 | $5.3 | $5.8 | $6.2 | ||
| Operating expenses | $16.3 | $15.9 | $18.5 | $19.7 | $20.3 | ||
| Non-GAAP Earnings per share | (0.03) | 0.08 | $0.44 | $0.18 | $0.29 | $0.20-0.23 |
$0.90-0.95 |
Revenues of $32.2M easily bested guidance of $28-29M, while non-GAAP earnings per share of $0.29 were some $0.19 above the midpoint of guidance. Guidance for the third quarter at similar revenues and a bit less earnings per share was well in excess of estimates. Such numbers naturally required raising guidance, which BroadSoft followed through on by projecting revenues of $127-130M and non-GAAP EPS of $0.90-0.95.
The stock is up 20% in the pre-market in response, though we’ll see where the day takes us.
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Categories: Financials · Software · VoIP
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