Payment and invoice automation solutions
provider Bottomline Technologies has announced a 31% increase in
revenues reaching $54.2m in its Q4 2011 results release.
The company’s core net income for the end of
Q4 2011 showed an increase of 33% to $35.4m with core earnings per
share climbing to $1.06, up from $0.99 in Q4 2010.
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Gross margin for the quarter was
$28.8m, showing an increase of $5.8m from the same point last
year.
Rob Eberle, president and CEO of Bottomline
Technologies, noted the revenue growth of 31% marked a very
strong Q4 with financial performance exceeding expectations.
“The results for the quarter completed a
strong fiscal 2011 in which we drove financial performance to
new levels, invested in key new product launches and completed
several strategic acquisitions, including Allegient Systems
which closed during the fourth quarter,” said Eberle.
“We enter fiscal 2012 with a large backlog,
solid pipeline and confident of our ability to continue to
execute against our strategic plan.”
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