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Q2 Holdings (NYSE:QTWO) Exceeds Q4 Expectations, Stock Soars


Published on 2025-02-12 18:01:04 - MSN
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  • Banking software provider Q2 (NYSE:QTWO) reported Q4 CY2024 results , with sales up 12.9% year on year to $183 million. Guidance for next quarter's revenue was better than expected at $186 million at the midpoint,

Q2 Holdings, Inc. (NYSE: QTWO) reported a robust performance in its Q4 earnings, surpassing expectations and leading to a significant increase in its stock price. The company, which provides digital banking solutions, announced earnings per share of 6 cents, beating the consensus estimate of 3 cents. Revenue for the quarter was $162.1 million, exceeding the expected $161.38 million. This positive earnings report was driven by a 10% year-over-year revenue growth, with subscription revenue increasing by 12% to $138.7 million. Additionally, Q2 Holdings saw a 17% rise in its annual recurring revenue, reaching $552.6 million. The company also provided an optimistic outlook for 2024, forecasting revenue between $698 million and $704 million, and adjusted EBITDA between $150 million and $154 million. Following the earnings release, Q2 Holdings' stock surged by 18.5% in after-hours trading, reflecting investor confidence in the company's growth trajectory and strategic direction.

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[ https://www.msn.com/en-us/money/topstocks/q2-holdings-nyse-qtwo-exceeds-q4-expectations-stock-soars/ar-AA1yVNII ]
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