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BroadSoft Reports EPS of $0.44 vs. $0.30; Revenues $35.8M vs. $31.65M

BroadSoft, Inc. (NASDAQ: BSFT) today announced financial results for the quarter ended December 31, 2010.

Total revenue rose to a record $35.8 million in the fourth quarter of 2010, an increase of 85% compared to $19.3 million in the fourth quarter of 2009 and an increase of 61% compared to $22.3 million in the third quarter of 2010.

Net income for the fourth quarter of 2010 was $11.2 million, or $0.41 per diluted common share, compared to net income of $0.4 million, or $0.05 per diluted common share in the fourth quarter of 2009. GAAP results for the fourth quarter of 2010 included $0.8 million of non-cash stock-based compensation expense and $0.2 million of amortization expense related to acquired intangible assets.

On a non-GAAP basis, net income in the fourth quarter of 2010 was $12.2 million or $0.44 per diluted common share, compared to non-GAAP net income of $1.0 million, or $0.07 per diluted common share, in the fourth quarter of 2009.

Posted-In: Earnings News

 

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