Bottomline Technologies Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2014; Provides Earnings Guidance for the Third Quarter of 2015, Fourth Quarter of 2015 and Full Year 2015
For the six months period, the company reported total revenues of $163,568,000 compared to $140,654,000 a year ago. Income from operations was $2,420,000 compared to loss from operations of $3,638,000 a year ago. Loss before income taxes was $4,814,000 compared to $11,069,000 a year ago. Net loss was $5,230,000 or $0.14 per basic and diluted share compared to $13,313,000 or $0.37 per basic and diluted share a year ago. Core net income was $29.4 million compared to $20.5 million a year ago. Core earnings per share were $0.77 compared to $0.55 for the six months ended December 31, 2013.
The company is projecting revenue of $82.1 million in third quarter of 2015 and $86.2 million in fourth quarter of 2015, and EPS is forecasted at $0.30 in third quarter of 2015 and $0.33 in fourth quarter of 2015.
The company provided earnings guidance for the year 2015. For the year 2015, the company expects revenue of $333 million and EPS of $1.41, which, despite the currency headwind, is an increase over the $301 million and $1.29 reported in fiscal 2014.