NASDAQ:ALRM - Nasdaq - US0116421050 - Common Stock - Currency: USD
Generating cash is essential for any business, but not all cash-rich companies are great investments. Some produce plenty of cash but fail to allocate it effectively, leading to missed opportunities.
As the Q4 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the vertical software industry, including Alarm.com (NASDAQ:ALRM) and its peers.
Software is eating the world, and virtually no business is left untouched by it. Companies bringing it to life have been rewarded with explosive earnings growth, and the upward trend shows no signs of stopping as the industry has posted a 18.2% gain over the past six months, beating the S&P 500 by 13.2 percentage points.
Alarm.com's results were bolstered by robust revenue growth despite facing increased expenses and macroeconomic challenges.
Home security and automation software provider Alarm.com (NASDAQ:ALRM) reported Q4 CY2024 results exceeding the market’s revenue expectations, with sales up 7.1% year on year to $242.2 million. The company expects the full year’s revenue to be around $979.5 million, close to analysts’ estimates. Its non-GAAP profit of $0.58 per share was 8.6% above analysts’ consensus estimates.
Home security and automation software provider Alarm.com (NASDAQ:ALRM) will be reporting earnings tomorrow afternoon. Here’s what to expect.