Bottomline Technologies Shares up After Earnings

Bottomline Technologies (NASDAQ: EPAY) shares are up about 12% after the technology finance company has reported earnings Thursday.

Bottomline Technologies is a provider of cloud-based digital banking, fraud prevention, payment, financial document, insurance and healthcare solutions.

The company’s revenues stood on $88.1 million, which represents 8% growth, and EBITDA was $18 million or 20% of revenue.

During the earnings presentation, Bottomline Technologies emphasized the company’s growth in new subscription. The company recorded new subscription and transaction bookings in the fourth quarter of $25.5 million, which is up 93% from the prior year. 

Rob Eberle, President and CEO of Bottomline Technologies said in a statement, “We have worked hard to make sure customers and prospective customers understand the value we provide. We have also attracted and are working with several important strategic partners like Bank of America and Visa, but we can and will do more in the way of leveraging our assets through partners. We have a significant presence, technology set and level of experience in business payments.”

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