- BroadSoft's (BSFT +16.4%) Q4 beat has been accompanied by full-year guidance for revenue of $332M-$340M and EPS of $1.90-$2.10, favorable to a consensus of $325.1M and $1.93. Q1 guidance is for revenue of $70M-$74M and EPS of $0.20-$0.32 vs. a consensus of $68.7M and $0.24.
- Q4 billings (revenue + change in deferred revenue) totaled $91M, up 8% Y/Y. License software billings fell 2% to $36.4M. The deferred revenue balance stood at $111.1M (+9% Y/Y) at quarter's end.
- License revenue (drives future maintenance/services revenue) totaled $35.4M, subscription and maintenance support revenue $30.6M, and professional services/other revenue $23.6M. Non-GAAP operating expenses rose 22% Y/Y to $41M. BroadSoft ended 2015 with $248M in cash and $188M in convertible debt.
- Fellow VoIP/unified communications software provider Sonus (SONS +4%) is also having a good day.
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BroadSoft's Q4 results, earnings release