Transforming Network Infrastructure Industry News

TMCNet:  BroadSoft reports lower Q3 net income, provides outlook for Q4

[November 08, 2012]

BroadSoft reports lower Q3 net income, provides outlook for Q4

Nov 08, 2012 (Datamonitor via COMTEX) -- BroadSoft, Inc., a provider of internet protocol-based, or IP-based, communications services, has reported a net income of $3.14 million, or $0.11 per diluted share, for the third quarter ended September 30, 2012, compared to $7.34 million, or $0.26 per diluted share, for the same quarter ended September 30, 2011. The company expects non-GAAP earnings to be in the range of $0.33 to $0.48 per diluted common share for the fourth quarter of 2012.

Total revenue for the third quarter ended September 30, 2012 was $40.17 million, compared to $35.68 million for the same period ended September 30, 2011.

Net income for the nine months ended September 30, 2012 was $7.2 million, or $0.25 per diluted share, compared to $26.83 million, or $0.96 per diluted share, for the same period ended September 30, 2011.

Total revenue for the nine months ended September 30, 2012 was $119.03 million, compared to $97.51 million for the same period ended September 30, 2011.

The company anticipates revenue to be in the range of $43 million to $48 million for the fourth quarter of 2012.

For 2012, the company expects revenue to be in the range of $162 million to $167 million, and non-GAAP earnings to be in the range of $1.3 to $1.45 per diluted common share.

"We remain laser-focused on executing against our strategic initiatives, which helped us deliver solid third quarter results and positions us for further growth with our customers. We continue to be excited by the growth of our addressable market as we help our customers extend their hosted voice services into a comprehensive Unified Communications offer," said Michael Tessler, president and CEO, BroadSoft.

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