HubSpot Stock Surges As Q4 Results Beat Projections

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HubSpot, the go-to-market software, announced fourth-quarter revenue and profits that beat Wall Street forecasts and an equally robust outlook for the current quarter and 2022.

CEO Yamini Rangan said: “We went into 2021 with the goal of becoming the #1 CRM platform for scaling companies, and we made significant progress by staying focused on our key strategic priorities. 2022 will be a year of sustained focus and consistency as we continue to invest in those priorities.”

Revenue in the quarter that ended in December rose 47% year-over-year to $369.3 million, delivering net income of 63 cents per share, notwithstanding costs.

Analysts had previously expected $358 million, or 53 cents per share.

Hubspot reported that the total number of customers had increased by 30% year-on-year to 135,442.

For the current quarter, the company is predicting revenue of $381 million to $383 million and EPS in the range of 46 cents to 48 cents. That compares to a consensus of $377 million and earnings per share of 46 cents.

For 2022, the company expects revenue between $1.72 billion and $1.78 billion and EPS of $2.34 to $2.42. That compares to a consensus of $1.66 billion and a $2.38 profit per share.

For more information, read the original story in ZDNet. 

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