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Alarm.com +9% on Q2 beats, SaaS and licenses growth, upside FY guide

|About: Alarm.com Holdings, Inc. (ALRM)|By:, SA News Editor

Alarm.com (NASDAQ:ALRMgains 9% on Q2 results that beat estimates with 22% Y/Y revenue growth. Upside FY18 guidance has revenue of $388M to $390M (consensus: $382.87M) and EPS of $1.19 to $1.20 (consensus: $1.15). SaaS and license revenue expected from $286M to $286.5M.

Q2 SaaS and license revenue increased 20% on the year to $71M. Software licenses accounted for $10M compared to $8.5M last year. 

Cash flow from operations were $11.7M and cash and equivalents totaled $106M. 

Press release.  

Previously: Alarm.com beats by $0.08, beats on revenue (Aug. 7)

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