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BSFT is seeing rapid growth announcing revenue and EPS expectations. |
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Released on Tuesday, August 7, 2012, 10:20 AM ET
Pittsburgh, PA (SpeculatingStocks) - Broadsoft, Inc. (NASDAQ:BSFT) has been a fairly quiet situation until today when BSFT gapped higher. Shares of BSFT are up over $8.00 today to over $36.00.
BSFT reported Q2 revenue of $40.5 million and net income of $2.4 million. The company is forecasting $40 to $42 million in revenue for Q3 and a full year revenue forecast of $162 million to $167 million and $1.30 to $1.40 EPS. Broadsoft will be holding a conference call at 5 PM ET today.
Broadsoft has been growing rapidly with revenue growing from $68.8 million in 2009 to $95.6 million in 2010 to $138 million in 2011 while net income has grown from a loss of $7.84 million to a gain of $7.99 million in 2010 to a strong profit of $32.2 million in 2011.
BSFT is trading at a market cap of around $1 billion, earning a strong valuation for their rapid growth. BSFT also operates in the Internet communications space including unified communications and VoIP. This is a perfect storm brewing with the telecommunications space being hot heading into today.
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