It’s been several quarters of outsized results for [company id=”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.
Categories: Financials · Software · VoIP
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