Envestnet (ENV) Surpasses Q1 Earnings Estimates, Gains 5%

The company's shares have gained 74.5% in the past six months, outperforming the 13.2% rally of the industry it belongs to and the 16% rise of the Zacks S&P 500 Composite. Segmental Revenues Asset-based recurring revenues of $202.62 million, which represented 62.4% of the top line, increased 14.5% on a year-over-year basis. Professional services and other non-recurring revenues increased 3.7% from a year-ago quarter to $4.9 million. Subscription-based recurring revenues of $117.5 million increased marginall ...