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Bottomline Technologies Reports First Quarter Results 

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Strong Growth in Subscription and Transaction Revenue Highlights First Quarter

Subscription and transaction revenues, which are primarily related to the companys cloud platforms, were $69.8 million for the first quarter, up 15% as compared to the first quarter of last year. Revenues overall for the first quarter were $102.4 million, up 12% as compared to the first quarter of last year. 

GAAP net loss for the first quarter was $0.9 million compared to a GAAP net loss of $4.2 million for the first quarter of last year. GAAP net loss per Adjusted EBITDA for the first quarter was $25.1 million compared to $22.1 million for the first quarter of last year, an increase of 13%. Adjusted EBITDA for the first quarter was 24% of overall revenue, consistent with the first quarter of last year. Adjusted EBITDA is calculated as discussed in the Core net income for the first quarter was $13.6 million compared to $11.7 million for the first quarter of last year and core earnings per share was $0.33 for the first quarter compared to $0.30 for the first quarter of last year.

Core net income and core earnings per share exclude certain items 

“The first quarter was another successful quarter for Bottomline”, said Rob Eberle, President and CEO. The capabilities of our product set, strength of our execution, and value of our business model were evident. We drove over 20% subscription and transaction growth from products traditionally sold …

[Read on via official release]

Source: US SEC
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EX-991_of_8-K_for_BOTTOMLINE_TECHNOLOGIES_INC_DE__8-K-11-08-2018