Q2 Holdings, Inc. (QTWO) offers solutions to banks and credit organizations. A new instrument has been introduced that could be a sales booster. Q2 Holdings’ new tool is Innovation Studio, intended to improve user experience and simplify introducing new services by banks and other financial institutions.
The Q2 Innovation Studio is an open digital banking platform that initially enables the personalization of services and the easy addition of new features. In the age of mobile devices and frequent changes of service providers, the ability to upgrade quickly is a vital requirement for financial institutions.
Companies can add digital banking functions independently with Q2 Holdings, thanks to its innovative concept. It is possible to hire third-party developers as needed, who are provided with a set of tools (SDKs) for simplifying the process of designing services.
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Q2 Holdings, Inc. (QTWO) revenue increased by 26 % year-over-year to $116.5 million in the first quarter of 2021. Losses decreased to $25.7 million. With the signing of two large contracts, including a bank with an asset base of $10 billion, the company started the year strong.
Q2 Holdings continues to expand its technology portfolio and expects its growth to continue throughout the year. The company expects $ 495 – $ 498 million for the whole year, which means an average growth of 22 %.
At last check, Q2 Holdings Inc. (QTWO) was up 0.77% on the charts to trade at $102.09. Q2 Holdings Inc. closed the previous trading session at $101.31. The number of shares traded was 0.58 million, greater than the average volume of 516.94K over the past three months. The stock fluctuated within a $100.07-$102.33 range during the trading session. The company had an earnings per share ratio of -2.41.
QTWO’s stock has gained 6.33% of its value in the previous five sessions and moved 11.71% over the past one month but has lost -19.32% on a year-to-date basis. The stock’s 50-day moving average is $98.87, which is lower than the 200-day moving average of $108.66. Furthermore, the stock is currently trading at 64.85 RSI.
