reported after hours, stock flat after hours, so seems like no surprises.
Q1 was another strong quarter for HubSpot and I’m very pleased with the results.
aren’t they always
Total revenue was $114.6 million, up 39% compared to the first quarter of 2017.
Subscription revenue was $108.6 million, up 40% compared to the first quarter of 2017.
Professional services and other revenue was $6.0 million, up 25% compared to the first quarter of 2017
Non-GAAP operating margin was 4.9% for the quarter, an improvement of approximately 3.3 percentage points from 1.6% in the first quarter of 2017.
Non-GAAP operating income was $5.6 million for the quarter, compared to $1.3 million in the first quarter of 2017. Non-GAAP operating income excludes stock-based compensation expense, amortization of acquired intangible assets, and acquisition related expenses.
*GAAP showed larger operating loss.
During the first quarter, the company generated $17.9 million of free cash flow compared to $11.6 million during the first quarter of 2017
Grew total customers to 44,894 at March 31, 2018, up 44% from March 31, 2017.
Total average subscription revenue per customer was $10,016 during the first quarter of 2018 down 3% from the first quarter of 2017.
Non-GAAP net income was $6.4 million, or $0.17 per basic and $0.15 per diluted share for the quarter, compared to a net income of $1.2 million, or $0.03 per basic and diluted share, in the first quarter of 2017
Saul says don’t get your info from Yahoo, but I did for this prelim report…
HubSpot, a leading CRM, marketing, sales and customer service platform, announced today the general availability of Service Hub, the latest product line in the company’s growth platform. Announced at INBOUND 2017, Service Hub is an all-in-one customer service system that changes the way growing businesses approach and deliver customer support. Powered by HubSpot’s free CRM, Service Hub provides companies with a complete record of a customer’s journey, meaning faster resolution times and happier customers, turning these positive interactions into marketing gold – positive word-of-mouth.
OT: Chart Chat.
I am seeing a double bottom with a buy point of $177.70. It passed it today on nice strong volume, but pulled back. Was not on my hot watch list, but after hours I decided I would buy some for a different reason, then looked at the chart and will double my buy amount.