Revenue during the quarter grew 22.49 percent to $149.07 million from $121.70 million in the previous year period. Gross margin for the quarter expanded 59 basis points over the previous year period to 58.84 percent. Total expenses were 92.01 percent of quarterly revenues, down from 93.78 percent for the same period last year. This has led to an improvement of 177 basis points in operating margin to 7.99 percent.

Operating income for the quarter was $11.91 million, compared with $7.58 million in the previous year period.

However, the adjusted operating income for the quarter stood at $29.71 million compared to $21.19 million in the prior year period. At the same time, adjusted operating margin improved 252 basis points in the quarter to 19.93 percent from 17.41 percent in the last year period.

“Today we announced exceptional 2016 financial performance and our agreement to acquire Lease Rent Options (LRO®)” said Steve Winn, chairman and chief executive officer of RealPage. “The acquisition of LRO adds over 1.5 million units to our revenue management platform expanding our repository of real-time lease transaction data used to calibrate our pricing and forecasting models. This acquisition, coupled with our recent acquisition of Axiometrics, positions RealPage as a core catalyst for increased operational yields and improved harvesting and placement of capital within the $3.0 trillion apartment industry in the U.S. We believe precision asset optimization tools are used in less than 10% of the U.S. rental housing industry and are virtually non-existent internationally.”

For the first-quarter, Realpage forecasts revenue to be in the range of $150.40 million to $152.40 million. Realpage forecasts revenue to be in the range of $666.30 million to $676.30 million for fiscal year 2017. For the first-quarter, Realpage forecasts adjusted revenue to be in the range of $151.30 million to $153.30 million. Realpage forecasts adjusted revenue to be in the range of $670 million to $676.30 million for fiscal year 2017. The company expects diluted earnings per share to be in the range of $0.04 to $0.06 for the first-quarter. For fiscal year 2017, the company expects diluted earnings per share to be in the range of $0.25 to $0.31. On an adjusted basis, the company expects diluted earnings per share to be in the range of $0.21 to $0.22 for the first-quarter. For fiscal year 2017, the company expects diluted earnings per share to be in the range of $0.89 to $0.94 on adjusted basis.

The company has spent $145.14 million cash to meet investing activities during the year as against cash outgo of $78.36 million in the last year. It has incurred net capital expenditure of $70.74 million on net basis during the year, up 113.85 percent or $37.66 million from year ago.

Cash flow from financing activities was $82.94 million for the year as against cash outgo of $13.34 million in the last year period.

Cash and cash equivalents stood at $104.89 million as on Dec. 31, 2016, up 239.32 percent or $73.98 million from $30.91 million on Dec. 31, 2015.

Working capital increases sharply
RealPage, Inc has recorded an increase in the working capital over the last year. It stood at $46.93 million as at Dec. 31, 2016, up 611.46 percent or $40.33 million from $6.60 million on Dec. 31, 2015. Current ratio was at 1.19 as on Dec. 31, 2016, up from 1.03 on Dec. 31, 2015.

Days sales outstanding were almost stable at 29 days for the quarter, when compared with the last year period.

At the same time, days payable outstanding was almost stable at 16 days for the quarter, when compared with the previous year period.