Fri, Aug. 14, 11:42 AM
- While Paylocity (NASDAQ:PCTY) beat FQ4 estimates, it's guiding for FQ1 EPS of -$0.07 to -$0.09 (below a -$0.03 consensus), and FY16 (ends June '16) EPS of -$0.04 to -$0.08 (below a $0.02 consensus).
- Revenue guidance is stronger: FQ1 revenue of $41M-$42M (above a $40.3M consensus), and FY16 revenue of $199M-$203M (above a $191.5M consensus and good for 32% Y/Y growth at the midpoint).
- Heavy spending is set to pressure EPS: CEO Steve Beauchamp stated on the earnings call (transcript) Paylocity plans to grow its quota-carrying sales reps by 30% in FY16 to 164, and also plans to continue investing heavily in R&D. Operating expenses (non-GAAP) rose 41% Y/Y in FQ4 to $25.4M.
- The customer base for Paylocity's cloud HCM/talent management software rose 22% in FY15 to 10,350. Average recurring revenue per client grew 16% to $13,900.
- FQ4 results, PR
Thu, Aug. 13, 4:15 PM
Wed, Aug. 12, 5:35 PM
Fri, May 8, 3:15 PM
- Healthcare software/IT services provider Allscripts (MDRX +6.6%) is rallying after reporting a 6% Y/Y increase in bookings (to $236M) to go with a Q1 miss. The bookings growth reverses an 11% Q4 decline; 63% of bookings came from software/recurring transactions vs. 54% a year ago.
- Cloud HR software vendor Paylocity (PCTY +14.1%) has soared after beating FQ3 estimates, and guiding for FQ4 revenue of $37.5M-$38.5M and EPS of -$0.05 to -$0.07; the former is above a $37.4M consensus, and the latter in-line with a -$0.06 consensus. The FQ3 beat was driven by a 41% Y/Y increase in recurring revenue to $43.9M.
- Optical component vendor NeoPhotonics (NPTN +20%) has soared after beating Q1 revenue estimates (while missing on EPS), and guiding for Q2 revenue of $83M-$89M and EPS of $0.09-$0.18 (mostly above a consensus of $84M and $0.10). Strong 100G component demand remains a major growth driver.
- Contract manufacturer Multi-Fineline (MFLX +11.3%) has made new 52-week highs after beating Q1 estimates and guiding for Q2 revenue of $135M-$165M (in-line with a $147.5M consensus).
- Cloud revenue management software vendor ServiceSource (SREV +16%) is flying higher after beating Q1 estimates. The company guided on its CC (transcript) for Q2 revenue of $56M-$60M and EPS of -$0.08 to -$0.09 vs. a consensus of $58.4M and -$0.07.
- Previously covered: AOL, Ebix, Tableau, CyberArk/Imperva, Silver Spring, Universal Display, SolarEdge, Nuance
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Fri, Jan. 30, 11:54 AM
- Salesforce (CRM -2.2%), ServiceNow (NOW -2.2%), Paylocity (PCTY -5.8%), Castlight (CSLT -4.1%), Cornerstone OnDemand (CSOD -3.6%), InContact (SAAS -2.2%), and Zendesk (ZEN -2.1%) are selling off after cloud ERP/HR/e-commerce software vendor NetSuite (N -11.7%) offered light Q1 and 2015 sales guidance to go with a Q4 beat. The Nasdaq is down 0.4%.
- As one would expect, NetSuite states forex has much to do with its guidance. On the CC (transcript), CFO Ronald Gill noted "the weighted average value of the foreign currencies in which we recognize international revenue has fallen more than 8% against the dollar." However, it's worth noting only 27% of NetSuite's Q4 revenue was international.
- NetSuite's Q4 numbers were solid: Subscription/support revenue grew 34%, and billings rose 34% to $201M (well above revenue of $157.9M). 54 customers were added for NetSuite's SuiteCommerce e-commerce software platform - CEO Zach Nelson humbly observes that was more than 3x the 17 customer adds rival Demandware (DWRE -1.6%) reported for Q3 (a seasonally weaker quarter).
- ServiceNow, the top player in the cloud IT service desk software market, provided above-consensus guidance on Wednesday.
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