Bottomline Technologies raises FY13 EPS view to $1.15, consensus $1.02 Sees FY13 revenue $254M, consensus $253.95M. Says second quarter subscription and transaction revenue was stronger-than-expected. Looking to Q3, expects subscription and transaction revenue to be down slightly quarter over quarter due to normal seasonality and the revenue impact of acquired canceled contracts. Expects overall revenue in the third quarter to be at or above our second quarter results. Guidance taken from company's Q2 earnings conference call.
Bottomline Technologies affiliation with Visa should open doors, says Stephens Stephens analyst Brett Huff does not believe Paymode's new partnership with Visa (V) will lead to material revenue for Bottomline Technologies (EPAY) in the near-term, but he does think the affiliation should open doors at bank channel partner and payor prospects and provide more growth opportunities for Paymode over time. Huff keeps an Overweight rating and $31 price target on Bottomline shares.