VASCO Data Security International Inc. Crushes Q2 Estimates

The VASCO Digipass 760 authentication tool in action. Source: VASCO.

Shares of computing security specialist VASCO Data Security International (NASDAQ: VDSI  ) jumped in pre-market trading today, following the release of analyst-thumping results for the second quarter of 2014.

Analysts were looking for earnings near $0.09 per share on sales of approximately $42.3 million. VASCO delivered adjusted second-quarter earnings of $0.17 per share, up from $0.05 per share in the year-ago quarter. Revenue increased by 28% year-over-year, stopping at $47.7 million.

Operating margins were 16% in the second quarter, up from 10% in the previous quarter and 5% in the year-ago period.

Looking ahead, VASCO raised its full-year 2014 guidance for revenue and operating margins. The midpoint of VASCO's official sales target range was boosted by 4%. Operating margins are now expected to land at roughly 14%, up from 12% in earlier guidance figures.

"We are very pleased with the results of the second quarter," said VASCO CEO T. Kendall Hunt in a prepared statement. "The strength of both our intake of new orders and our pipeline of prospective orders has given us the confidence to increase our guidance for both full-year revenues and operating margins. We were also very pleased to expand our authentication technology portfolio with the acquisition of Risk IDS, a risk-based authentication solution." Risk IDS Ltd. serves the global banking community.

Bank of America + Apple? This device makes it possible.
Apple recently recruited a secret-development "dream team" to guarantee its newest smart device was kept hidden from the public for as long as possible. But the secret is out, and some early viewers are claiming its destined to change everything from banking to health care. But one small company makes Apple's gadget possible. And its stock price has nearly unlimited room to run for early in-the-know investors. To be one of them, and see Apple's newest smart gizmo, just click here

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 3042241, ~/Articles/ArticleHandler.aspx, 9/5/2015 8:35:36 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Anders Bylund

Anders Bylund is a Foolish Technology and Entertainment Specialist. Where the two markets intersect, you'll find his wheelhouse. He has been an official Fool since 2006 but a jester all his life.

Hypoallergenic. Contains six flavors not found in nature. Believes in coyotes and time as an abstract.

Follow Anders on Twitter, LinkedIn, and Google+.

Today's Market

updated 11 hours ago Sponsored by:
DOW 16,102.38 -272.38 -1.66%
S&P 500 1,921.22 -29.91 -1.53%
NASD 4,683.92 -49.58 -1.05%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/4/2015 3:59 PM
VDSI $15.28 Down -0.36 -2.30%
VASCO Data Securit… CAPS Rating: ****