AP NEWS

Apptio: 2Q Earnings Snapshot

August 1, 2018

BELLEVUE, Wash. (AP) _ Apptio Inc. (APTI) on Wednesday reported a loss of $5.3 million in its second quarter.

The Bellevue, Washington-based company said it had a loss of 12 cents per share. Earnings, adjusted for one-time gains and costs, came to 1 cent per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.

The provider of cloud-based business management services posted revenue of $59 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $55.5 million.

For the current quarter ending in October, Apptio said it expects revenue in the range of $57.5 million to $58.5 million.

The company expects full-year revenue in the range of $230 million to $233 million.

Apptio shares have increased 48 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $34.82, an increase of 98 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on APTI at https://www.zacks.com/ap/APTI

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