Q2 Holdings (NYSE:QTWO) shares soared more than 13% intra-day today after the company reported its Q1 earnings, with revenue coming in at $153 million, beating the Street estimate of $150.51 million. EPS of ($0.01) came in worse than the Street estimate of $0.07.
Demand for the company’s solutions remains strong, with some pressure on lower-margined discretionary services revenue. Management reduced its 2023 revenue guidance to reflect this pressure but raised its adjusted EBITDA guidance.
For Q2, the company expects revenue to be in the range of $153.1-155.1 million. For the full year, the company expects revenue in the range of $618-$630 million.