QuinStreet reported record quarterly revenue of $128.7 million, an increase of 11% year-over-year. GAAP net income was $13.9 million, or $0.26 per diluted share. The company generated $15.2 million in operating cash flow and closed the period with $97.1 million in cash and equivalents.
Record quarterly revenue of $128.7 million, up 11% year-over-year.
Revenue, excluding divested businesses, was $126.3 million, up 15% year-over-year.
GAAP net income was $13.9 million, or $0.26 per diluted share.
Cash and equivalents totaled $97.1 million at the end of the quarter.
The Company expects revenue growth and EBITDA to continue to be impacted by coronavirus-related disruption and uncertainty. The Company's current estimate is for fiscal Q4 revenue excluding divested businesses to be down between 5% and 10% year-over-year. Adjusted EBITDA and cash flow margins are expected to be in the lower single-digits.
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