Q2 Holdings Tops EBITDA Estimates With $67.8M Quarter, Revenue $225.8M
QTWO sits 69% above its 52-week low of $40.79.
Summary
Q2 Holdings reported Q3 revenue of $225.8 million, with adjusted EBITDA of $67.8 million beating the IBES estimate of $60.8 million by roughly $7 million. Net income came in at $33.2 million, and gross margin was 59.7% (62.6% adjusted). The EBITDA beat is the key number — it shows the margin expansion story from the record Q2 and the $350 million buyback expansion is holding up. This lands the same afternoon as the news that CFO Jonathan Price was named Co-CEO, so the quarter he just reported is his first as a co-leader.
At the time of this announcement, QTWO was trading at $68.99 on NYSE in the Technology sector, with a market capitalization of approximately $4.2B. The 52-week trading range was $40.79 to $76.24. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.