Shares jumped nearly 10 percent in after hours trading. Revenue for the quarter was $165.3 million, with net income of $23.6 million, a growth of 107 percent from Q1 2012. (UPDATE: In Friday morning trading, shares were up more than 21 percent, giving the company a market value of $732 million).
“Blucora is off to a strong start in 2013 in both the online search and tax preparation segments of the business,” said Bill Ruckelshaus, Blucora President and CEO said in a release. “We are especially pleased with the growth of TaxACT and our success in building DDIY market share in a highly-competitive and unpredictable tax season. The TaxACT results reflect the team’s strong execution, successful product enhancements this season and our ability to drive consumer demand.”
Click below for Q1 financial results: