Medallia beats by $0.02, beats on revs; guides Q4 revs above consensus
Reports Q3 (Oct) earnings of $0.01 per share, $0.02 better than the S&P Capital IQ Consensus of ($0.01); revenues rose 17.4% year/year to $121 mln vs the $116.91 mln S&P Capital IQ Consensus.
Subscription revenue was $96.9 million, an increase of 22% from the same period last year.
Co issues upside guidance for Q4, sees Q4 revs of $123.5-$125.5 mln vs. $122.83 mln S&P Capital IQ Consensus. Sees subscription revenue in the range of $100.5-$101.5 mln.
Coupa Software (NASDAQ:COUP) on September 3; Slack Technologies (WORK), Palo Alto Networks (NYSE:PANW), MongoDB (NASDAQ:MDB), Cloudera (NYSE:CLDR) and Pivotal Software (NYSE:PVTL) on September 4; Lululemon (LULU), DocuSign (NASDAQ:DOCU), Signet Jewelers (NYSE:SIG) and Zoom Video (NASDAQ:ZM) on September 5; Brady (NYSE:BRC) on September 6.