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Actionable news in MULE: MuleSoft Inc,

MuleSoft Rising: Q3 Beats, Q4 Revenue View Tops Consensus

Analysts had been modeling $71.5 million in revenue and a net loss of 12 cents a share.

For the current quarter, the company sees revenue in a range of $82 million to $84 million, with a net loss of 12 cents. That compares to the average Street estimate for $78.6 million and a 12-cent loss.

CEO Greg Schott said the company benefitted from "robust market demand, strong sales execution, and healthy large deal activity."

The company had seven transactions that were worth over $1 million, it said, a record for the company.

MuleSoft's deferred revenue was up 63%, at $171 million. The company's "short-term deferred" rose 64% to $162.7 million.

MuleSoft stock is up 52 cents, a little over 2%, at $24.40. The stock is basically flat with its first-day close back on March 17th of this year.


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