Alarm.com Reports SaaS and License Revenue of $42 Million for Q2

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Last week Alarm.com (NASDAQ: ALRM) reported impressive second quarter results including total revenue of $64.4 million and SaaS and license revenue of $42.0 million, double digit increases year-over-year. Other second quarter highlights for Alarm.com, a cloud-based platform for security and smart home services, include: Total revenue was$64.4 million, a 24 percent increase year-over-year. SaaS and license revenue was $42.0 million, a 23 percent increase year-over. This category represents 65.2 percent of total revenue. Hardware and other revenue was…

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