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Realpage Inc (RP) SEC Filing 10-Q Quarterly report for the period ending Saturday, March 31, 2018

Realpage Inc

CIK: 1286225 Ticker: RP
Exhibit 99.1

RealPage Reports First Quarter 2018 Financial Results

Exceeds Financial Expectations, Raises Full Year Guidance

RICHARDSON, Texas--(BUSINESS WIRE)--May 3, 2018--

RealPage, Inc. (NASDAQ:RP), a leading global provider of software and data analytics to the real estate industry, today announced financial results for the first quarter ended March 31, 2018.

First Quarter 2018 Financial Highlights

  • Total revenue of $201.3 million, an increase of 32% year-over-year;
  • Net income of $10.9 million, or $0.13 in net income per diluted share, a year-over-year increase of 33% and 30%, respectively;
  • Non-GAAP total revenue of $201.6 million, an increase of 31% year-over-year;
  • Adjusted EBITDA of $54.2 million, an increase of 46% year-over-year; and
  • Non-GAAP net income of $31.1 million, or $0.37 in non-GAAP net income per diluted share, a year-over-year increase of 77% and 68%, respectively.

Comments on the News

“In 2017 we established innovation and simplification as our ‘North Star,’ a key element of an operational strategy to grow toward and beyond our 2020 target of $1 billion in revenue and $300 million in Adjusted EBITDA,” said Steve Winn, Chairman and CEO of RealPage. “We are ahead of the trajectory needed to achieve this target, demonstrating very strong financial performance in 2017 that continued into the first quarter of 2018. Organic innovation is driving continued adoption of our solutions, with particular emphasis on suite sales that combine multiple product solutions into a unified suite. Strong new sales bookings for new and existing clients during the quarter are evidence of this, and we expect to build on new sales momentum to drive deeper client adoption across our platform. Our M&A program is another major factor driving innovation over the long term, and is a critical piece of our capital allocation strategy directed at maximizing shareholder returns. The recent acquisition of ClickPay is directly in-line with both of these capital and operational strategies.”


The following information was filed by Realpage Inc (RP) on Thursday, May 3, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Realpage Inc's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Balance Sheets
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Ticker: RP
CIK: 1286225
Form Type: 10-Q Quarterly Report
Accession Number: 0001286225-18-000017
Submitted to the SEC: Thu May 10 2018 4:47:44 PM EST
Accepted by the SEC: Thu May 10 2018
Period: Saturday, March 31, 2018
Industry: Prepackaged Software

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