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Ellie Mae continues upward trend; reports strong first quarter

If the first quarter is a sign of things to come, Ellie Mae (ELLI) 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.

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