Q2 Holdings: Fourth Quarter Financial Overview

Q2 Holdings Reports Strong Fourth-Quarter Results

Q2 Holdings Inc., headquartered in Austin, Texas, announced a net profit of $20.4 million for the fourth quarter.

The company’s earnings translated to 31 cents per share. After accounting for stock-based compensation and amortization, adjusted earnings were 61 cents per share.

These figures surpassed analysts’ projections, as the consensus among five analysts polled by Zacks Investment Research had anticipated earnings of 59 cents per share.

The digital banking solutions provider generated $208.2 million in revenue for the quarter, outperforming expectations. Seven analysts surveyed by Zacks had forecasted $204.8 million in revenue.

For the full year, Q2 Holdings reported a total profit of $52 million, or 80 cents per share, with annual revenue reaching $794.8 million.

Looking ahead, the company projects first-quarter revenue to fall between $212.5 million and $216.5 million.

For the entire upcoming year, Q2 Holdings anticipates revenue in the range of $871 million to $878 million.