It's been several quarters of outsized results for Broadsoft (NASDAQ:BSFT, news, filings) 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
|Cost of revenue||$5.1||$4.9||$5.3||$5.8||$6.2|
|Non-GAAP Earnings per share||(0.03)||0.08||$0.44||$0.18||$0.29||$0.20-0.23||
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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