Avalara reports Q2 adjusted EPS (19c), consensus (23c)
Reports Q2 revenue $63.7M, consensus $60.8M. "In our first quarter as a public company, we delivered an excellent performance in pursuit of a long-term growth opportunity. In the quarter, we crossed the quarter billion dollar annual revenue run rate and continued to extend our market leadership position," said Scott McFarlane, Avalara co-founder and chief executive officer. "The momentum in our business has continued to strengthen, and we believe we are well positioned to be a long-term leader in a multi-billion dollar market opportunity. Companies of all sizes are increasingly looking for modern, cloud-based transaction tax compliance automation solutions as they digitize their businesses and embrace powerful industry trends such as e-commerce and globalization. We believe Avalara is a clear choice based on our industry-leading platform and content, pre-built integrations, and partner channel."