Ellie Mae continues upward trend; reports strong first quarter

If the first quarter is a sign of things to come, Ellie Mae could indeed be headed for another record year. After reporting record revenue in fourth quarter of 2014, with its net income rising 153% from the same period in 2013, the company reported revenue of $54.2 million in first quarter of 2015, up 68% from $32.2 million in same time period last year.