Climb Global Solutions posts $0.30 non-GAAP EPS, missing estimates
Climb Global Solutions reported Q2 non-GAAP EPS of $0.30, missing estimates by $0.01. Revenue was $172.4M, an 8.2% year-over-year increase, but fell short by $2.57M.
Gross billings reached $587.3M, up 17% year-over-year, with distribution gross billings at $562.9M and solutions gross billings at $24.4M.
Net income was $5.5M, compared to $6.0M in the same period last year. Adjusted net income and adjusted EBITDA were $5.5M and $11.3M, respectively.