Brightcove reports Q3 EPS 6c, consensus 4c
Reports Q3 revenue $47.4M, consensus $47.26M. The company said, "In the third quarter Brightcove continued to execute on its strategic plan that is focused on getting the company to breakout growth and profitability over time. We are attracting terrific new talent to the company and are encouraged by some key customer wins during the quarter, particularly in Europe and North American media. We achieved an important milestone in the quarter with the introduction of Brightcove Beacon, our new SaaS OTT platform. Brightcove Beacon is the first of the purpose-built applications we will launch in the coming months that are targeted at our core market segments. We are confident these new solutions will quickly deliver tremendous value for customers and drive faster growth for Brightcove."