Pleasanton, California-based Ellie Mae saw record revenue of $65.9 million in the second quarter, up 65 percent from one year ago when revenues were $40 million. Net income was also strong at $7.6 million, which was up by 62 percent from the second quarter of 2014.
Shares of Ellie Mae sold off after the Trump victory as people feared higher mortgage rates would cut their growth. But the company has demonstrated before that they can grow even with headwinds from the market, so the worries were overblown.
Ellie Mae is the leading cloud-based platform provider for the mortgage finance industry. Our technology solutions enable lenders to originate more loans, reduce origination costs, and shorten the time to close, all while ensuring the highest levels of compliance, quality and efficiency.
Lead Ellie Mae’s product strategy, product management, and compliance organizations, translating Ellie Mae’s business strategy into a set of tangible Developed three simultaneous business plans and presented revenue forecasts, cost analysis, product recommendations and go-to-market plans to.
Ellie Mae is in prime position to take advantage of the mortgage industry’s need to go digital. (copyright: ArtemSam/stock.adobe.com). Stock Market Surges; Dow Jones Jumps 350 Points As China Strikes Conciliatory Tone. Inverted Yield Curve Sparks Recession Fears; What You Need To Know.
However, Ellie Mae’s full year guidance looks slightly better, as it expects revenue to range from $150 million to $153.5 million, against a $149.6 million Wall Street consensus. Its full-year EPS guidance range of $0.98 to $1.01 does fall beneath wall street’s $1.06 estimate, though.
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On July 28 [th] , 2016, netscout systems reported that total revenue (GAAP) for Q1 FY17 was $. California headquartered Ellie Mae Inc.’s stock finished the session 0.65% higher at $97.72 with a.
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After recent meetings with Ellie Mae’s Chief Financial Officer Ed Luce and investors, FBR Capital Markets & Co. said in a recent industry note that it walked away more confident in the company’s.
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Ellie Mae (NYSE:ELLI), a leading provider of innovative on-demand software solutions and services for the residential mortgage industry, today report. "Second quarter results exceeded expectations across revenue, bookings and profitability," said Jonathan Corr, president and CEO of Ellie Mae.
One interesting development is that Target Corp. (TGT) has trended lower in my rankings due to the recent surge in. and.