Bottomline Technologies, Inc. (NASDAQ:EPAY) 1Q20 Profit Contract, Beats Analysts Estimates

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Bottomline Technologies, Inc. (NASDAQ:EPAY) summarized first quarter financial results before market open today.

The company disclosed loss for the first quarter of $ 1.37 million or $ 0.03 per share, compared to loss of $ 0.92 million or $ 0.02 per share for the year-ago quarter.

EPAY reported first quarter core earnings of $ 12.70 million or or $ 0.30 per share

EPAY recorded revenue that raised 5.60 percent to $ 108.18 million from $ 102.44 million in the same quarter last year

Wall street analysts are predicting, EPAY to report 1Q20 income of $ 0.28 per share from revenue of $ 106.02 million.

Analysts estimates are from Thomson Reuters, exclude one time gain or loss.

Rob Eberle, CEO, said, Bottomline delivered strong results in the first quarter with 16% growth in subscriptions revenue on a constant currency basis. We have a large market opportunity and a leading product set which we are continuing to advance. We’ve targeted 15-20% subscriptions revenue growth per year, and our backlog, pipeline and predictable business model give us a high degree of confidence in achieving our goals.

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