U.S. Markets closed

Free Research Report as Broadsoft Revenues Up 8.74%; Beats Expectations

Stock Monitor: CounterPath Post Earnings Reporting

LONDON, UK / ACCESSWIRE / December 18, 2017 / Active-Investors free earnings report on BroadSoft, Inc. (NASDAQ: BSFT) has freshly been issued to its members, and you can also sign up to view this report at www.active-investors.com/registration-sg/?symbol=BSFT. Broadsoft posted its third quarter fiscal 2017 (Q3 FY17) financial results on November 06, 2017. The leading provider of telecommunications software saw its Subscription and Maintenance Support segment's revenue advanced 19.20% on a y-o-y basis. Register today and get free access to our complimentary member's area where many more reports are available:


Active-Investors.com is currently working on the research report for CounterPath Corporation (NASDAQ: CPAH), which also belongs to the Technology sector as the Company BroadSoft. Do not miss out and become a member today for free to access this upcoming report at:


Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, BroadSoft most recent news is on our radar and we have decided to include it on our blog post. Today's free coverage is available at:


Earnings Highlights and Summary

During the third quarter of fiscal 2017, BroadSoft's total revenue advanced 8.74% to $91.47 million on a y-o-y basis compared to $84.12 million in Q3 FY16. Revenue numbers' topped analysts' estimates of $87.90 million.

BroadSoft posted gross profit of $64.78 million in the reported quarter compared to $60.37 million in Q3 FY16, increasing by 7.31%. Non-GAAP gross profit was $68.90 million in the reported quarter compared to $64.30 million in Q3 FY16, reflecting growth of 7.15% on a y-o-y basis. The Company posted operating income of $0.57 million in Q3 FY17 compared to $1.57 million in Q3 FY16.

BroadSoft's net loss was $2.67 million in Q3 FY17 compared to a net loss of $0.61 million in Q3 FY16. On a non-GAAP basis, the Company, had net income of $12.40 million in Q3 FY17 compared to $12.70 million in Q3 FY16, declining by 2.36% on a y-o-y basis.

BroadSoft posted net loss of $0.09 per common share in Q3 FY17 compared to a net loss of $0.02 per common share. The Company posted adjusted earnings of $0.38 in the reported quarter compared to $0.40 in Q3 FY16, declining by 5.00% y-o-y, and beating analysts' estimates of $0.36.

BroadSoft's Segment Details

BroadSoft has three business segments namely: (i) License Software segment; (ii) Subscription and Maintenance Support segment; and (iii) Professional Services and Other segment.

The Company's License Software segment had revenues of $30.59 million in Q3 FY17 compared to $31.49 million in Q3 FY16, declining by 2.86% due to decrease in emerging markets license software revenue.

The Subscription and Maintenance Support segment's revenue was $43.52 million in the reported quarter compared to $36.51 million in Q3 FY16, reflecting growth of 19.20% on a y-o-y basis, due to contributions from recent acquisitions and growth in the Company's installed base of customers, who purchase maintenance support revenue.

The Professional Services and Other segment's revenue advanced 7.68% to $17.37 million in Q3 FY17 compared to $16.13 million in Q3 FY16, due to the timing of revenue recognition associated with certain transformational projects.

BroadSoft has three geographic segments, namely: (i) North America; (ii) Europe, Middle-East, and Africa (EMEA); and (iii) Emerging Markets.

Revenues of its North America segment were $55.67 million in Q3 FY17 compared to $46.70 million in Q3 FY16, advancing 19.21% on ay-o-y basis due to an increase in License Software's revenues and Subscription and Maintenance Support's revenues in this geographic region.

Revenues from the EMEA segment were $25.98 million in the reported quarter compared to $23.53 million in Q3 FY16, advancing 10.39% on a y-o-y basis due to an increase in revenues of License Software and Subscription and Maintenance Support segment.

The Company's Emerging Market segment's revenues declined 29.24% to $9.83 million in the reported quarter on a y-o-y basis from $13.90 million in Q3 FY16, due to a decrease in License Software segment's revenue.

Cash Matters

BroadSoft had cash and cash equivalents of $129.55 million in Q3 FY17 for nine months ending September 30, 2017, compared to $100.05 million for the same period ending September 30, 2016. The Company had net cash flow by operating activities of $40.72 million in the reported quarter compared to $47.94 million in Q3 FY16. On October 20, 2017, BroadSoft entered in a merger agreement with Cisco Systems and Brooklyn Acquisition, which is expected to close in the next financial year.


For the fiscal year 2018, Broadsoft expects EPS of $1.03, and in Q4 FY17, the Company expects an EPS of $0.96.

Stock Performance Snapshot

December 15, 2017 - At Friday's closing bell, BroadSoft's stock marginally climbed 0.27%, ending the trading session at $54.75.

Volume traded for the day: 1.27 million shares, which was above the 3-month average volume of 1.23 million shares.

Stock performance in the last month – up 0.37%; previous three-month period – up 5.80%; past twelve-month period – up 35.77%; and year-to-date – up 32.73%

After last Friday's close, BroadSoft's market cap was at $1.73 billion.

The stock is part of the Technology sector, categorized under the Application Software industry. This sector was up 0.9% at the end of the session.


Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.


The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charter-holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.


A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.


This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.


For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors