Responsys Set to Report Q2 Earnings on August 5
Responsys, a leading marketing software company, is set to report its Q2 earnings on August 5. The stock currently holds a four-star rating on Motley Fool CAPS, with 17 members rating it as outperform and 2 as underperform.
Analysts predict Responsys's revenues will grow 16.7% year-over-year to $46.2 million in Q2, with EPS expected to be $0.02. This follows a strong prior quarter where revenue increased by 27% to $48.5 million, driven by a 55.5% gross margin, up 110 basis points from the prior-year quarter.
However, earnings per share (EPS) are expected to drop by -33.3% in Q2, following a 25% decrease in the prior quarter to $0.03. Non-GAAP EPS was $0.07 in the prior quarter. The net margin decreased by 240 basis points to 3.1%, and the operating margin fell by 300 basis points to 6.6% in the preceding quarter.
Notable investors showing interest in Responsys in 2023 include major institutional shareholders such as Vanguard Group and BlackRock, active in technology and marketing software sectors.
Responsys's earnings report on August 5 will provide further insights into the company's financial health. Despite mixed earnings trends, the company's revenue growth and improved gross margin indicate potential for future expansion. Investors, including prominent mutual funds, remain interested in the company's prospects.
