Cloud Stocks: HubSpot Soars To A New High

8/31/19

Inbound-marketing software specialist HubSpot (NYSE:HUBS) recently reported a strong second quarter that blew past expectations. The market is pleased with its strong performance and its stock has soared to a new high.

HubSpot's Financials

HubSpot's second quarter revenue grew 33% over the year to $163.3 million, ahead of the Street's forecast of $157.3 million and higher than the company outlook of $156.5-$157.5 million. GAAP net loss was $17.4 million, or $0.41 per share. Non-GAAP net income was $17.6 million, or $0.42 per share, ahead of the market's estimate of $0.25 per share.

By segment, subscription revenues grew 34% to $155.9 million and Professional services and other revenues grew 23% over the year to $7.4 million.

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