Q2 Holdings’ Shares Increased Sharply

IncreaseThe software company Q2 Holdings Inc., based in Austin, reported a massive user growth which resulted to increased shares, as per reports on Friday.

The company which develops banking software has 450 employees. Its shares closed at $15.24 after reaching as high as $15.76 late in the afternoon. This gave Q2 Holdings and increase of 18% or $2.35/share.

On Thursday, the company posted a loss of $4.6 million for the second quarter. This is 14 cents/share on $19.1 million revenue as compared to last year’s performance of $3.7 million on the same period, with 31 cents/share on $14 million revenue.

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