Bottomline Technologies announced earnings results for the second quarter of 2016. For the period the company announced total revenue of $86 million. Operating revenue was $15.9 million or 18.5% of revenue. Earnings per share was $0.38 which is $0.03 ahead of guidance. EBITDA was $19.2 million or 22% of revenue. Operating cash flow was $16.1 million for the quarter. This higher revenue drove year-over-year expansion in gross margin, particularly in subs and trans.

For the fiscal year 2017, the company reconfirmed with increased confidence the fiscal 2017 guidance at 18% to 19% growth in subs and trans revenue and 20% to 21% operating income.