SciQuest (SQI) Releases Earnings Results, Beats Expectations By $0.01 EPS

SciQuest (SQI) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $0.09 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.08. The company posted revenue of $26.90 million in the period, compared to analysts expectations of $26.81 million. The company’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 EPS.

SciQuest closed down -0.01 points or -0.07% at $14.15 with 1,82,318 shares getting traded on Wednesday. Post opening the session at $14.26, the shares hit an intraday low of $14.125 and an intraday high of $14.36 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Nov 10, 2015, Stephen J Wiehe (CEO) purchased 15,400 shares at $12.09 per share price. According to the SEC, on Jun 2, 2015, Jennifer G Kaelin (Chief Financial Officer) sold 2,400 shares at $15.16 per share price.

SciQuest Inc. provides cloud-based business automation solutions for spend management. The Company’s offers procurement solutions that automate the source-to-settle process; spend analysis solutions that cleanse and classify spend data to drive and measure cost savings; supplier management solutions that facilitate its customers’ interactions with their suppliers; contract lifecycle management solutions that automate the contract lifecycle from contract creation through maintenance and accounts payable solutions that automate the invoice processing and vendor payment processes. The Company’s SciQuest Supplier Network is Software-as-a-Service (SaaS) communications hub that enables transaction interactions between its customers and their suppliers through its procurement accounts payable and supplier management solutions. It is the single integration point between its customers and their suppliers that provides customers with supplier information including supplier catalogs.


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