Upbeat second-quarter results and bullish guidance boost the shares of the provider of digital government services.
News & Analysis: NIC
EGOV earnings call for the period ending June 30, 2019.
Unexpected costs are hitting the government software provider's bottom line hard.
EGOV earnings call for the period ending March 31, 2019.
Lower revenue projection from a key customer will be a major headwind for this software services company.
EGOV earnings call for the period ending December 31, 2018.
Overall sales growth remains muted, but recent corporate tax cuts enabled the company to crank out double-digit profit growth.
Favorable operating leverage allows NIC's quarterly net income to surge, but the launch of a brand-new prescription-drug monitoring program takes center stage in its second-quarter earnings report.
While expenses continue to put pressure on profits, a lower tax rate allowed NIC's bottom line to move in the right direction.
A big customer has decided to scale back its relationship with NIC.