BlackLine

BlackLine, Inc. operates a cloud-based software platform which is designed to transform accounting and finance operations for organizations of all types and sizes. Its scalable platform supports critical accounting processes such as the financial close, account reconciliations, intercompany accounting, and controls assurance. The company was founded by Therese Tucker in May 2001 and is headquartered in Woodland Hills, CA.

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BlackLine reports robust Q4 performance amidst market uncertainties

BlackLine's Q4 performance showcased revenue growth, margin expansion, and strong cash flow metrics.
While facing challenges like elongated deal cycles, the company is leveraging strengths in strategic products and operational efficiencies.
Opportunities lie in increasing product attach rates, addressing accountant shortages, and referrals for finance efficiencies.
Guidance for 2023 reflects market uncertainty, but BlackLine remains agile in responding to demand signals and maintaining growth targets.

BlackLine reports strong Q1 revenue growth and strategic market focus

BlackLine's Q1 performance reflects revenue growth, margin strength, and success in key markets like Japan.
The company's customer-centric approach, automation solutions, and strategic partnerships position it well for future growth.
Challenges include AI governance, competitive landscape, and maintaining performance amidst market dynamics.
Opportunities lie in SAP strategy, EMEA success, interest income performance, and AI integration for growth.

BlackLine surpasses Q2 targets, eyes industry customization for growth

BlackLine's Q2 performance exceeded expectations, driven by strong revenue growth and customer retention strategies.
While facing market uncertainties and partnership challenges, the company is well-positioned to leverage opportunities in industry customization, product enhancements, and strategic sales initiatives.
With a focus on optimizing sales productivity, expanding partnerships, and enhancing customer success, BlackLine aims to achieve sustained growth and drive revenue through strategic initiatives.

BlackLine surpasses Q3 targets, eyes global growth and customer success

BlackLine's Q3 performance exceeded expectations, showcasing growth in revenue and profitability. The company's strengths in customer-centricity, product innovation, and strategic partnerships position it well for long-term success. Challenges include decelerating growth metrics and competitive pressures, while opportunities lie in customer expansion and global monetization.

BlackLine surpasses Q4 revenue targets, eyes strategic growth opportunities

BlackLine's Q4 2023 performance exceeded expectations, driven by strong revenue growth and strategic global deal closures across key sectors, showcasing financial stability and market relevance.
The company's strengths lie in innovation through AI integration, focus on high-potential markets, and successful market penetration in regions like Asia Pacific and mid-market segments.
While challenges include retention rate improvement and cautious revenue growth guidance, opportunities in strategic partnerships, industry expansion, and AI initiatives position BlackLine for continued growth and market leadership.

BlackLine surpasses Q1 revenue targets, focuses on AI innovation

BlackLine's Q1 2024 performance exceeded expectations, with strong revenue growth and profitability. The company's focus on AI innovation, partner distribution, and pricing strategies are key strengths.
Challenges include FX impact on customer cohorts and the need to navigate SAP migrations. Opportunities lie in AI adoption, R&D investments, and industry-specific growth strategies.
Overall, BlackLine is well-positioned for growth, with a solid financial outlook and strategic initiatives in place to drive expansion and customer value.

BlackLine (BL) reports robust Q2 earnings, raises guidance for 2024

BlackLine's Q2 2024 earnings call highlighted strong financial performance, growth in strategic products, and enhanced competitive positioning. Challenges include improving customer onboarding and digital self-service options. Opportunities lie in new customer wins, expanded guidance, and future growth strategies.

BlackLine exceeds Q3 expectations, raises guidance on strong performance

BlackLine (BL) delivered strong financial results in Q3 2024, surpassing revenue and profitability targets with record free cash flow generation. The company's strategic focus on enterprise and mid-market customers, coupled with successful deals and innovative product offerings, contributed to its performance. While challenges exist in market dynamics and competition, BlackLine is well-positioned to leverage opportunities for growth.

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FFIV vs. BL: Which Stock Is the Better Value Option?

36-year veteran of global oil, gas, and energy powerhouse bp brings extensive business process services expertise to help guide digital finance transformation leader LOS ANGELES and LONDON , March 18, 2024 /PRNewswire/ -- BlackLine, Inc. (Nasdaq: BL) announced today that Camille Drummond has joined the digital finance transformation leader's board of directors, effective March 15 th, 2024. Drummond will draw on her 36 years leading finance and global business process services at oil, gas, and energy leader bp to support BlackLine's long-term growth trajectory, help extend its market leadership, and elevate its position within the Office of the CFO.

Camille Drummond Joins BlackLine Board of Directors

Annual BlackLine conference to highlight top-of-mind topics for the Office of the CFO,including the use of AI in Finance and Accounting LOS ANGELES and LONDON , March 14, 2024 /PRNewswire/ -- BlackLine, Inc. (Nasdaq: BL) is hosting its 14th annual European conference in London next week, uniting a community of finance and accounting leaders to inspire, power, and guide digital finance transformation. Beyond reporting the numbers and managing risk, Finance and Accounting (F&A) is being asked to do more than ever before, including transforming foundational processes, optimizing business operations, and guiding corporate strategy.

Industry-leading Customers bp, Marshalls PLC, and Trivium Packaging, Plus Deloitte, EY, and SAP Speaking at BeyondTheBlack™ Europe 2024

Bundled software and services offerings help companies get up and running and benefit quickly from market-leading financial close and invoice-to-cash solutions LOS ANGELES , Feb. 28, 2024 /PRNewswire/ -- BlackLine, Inc. (Nasdaq: BL) today announced it has added its 1,000th Modern Accounting Playbook (MAP) customer. Introduced just four years ago, the bundled software and services offerings are designed to help companies get up and running quickly and realize immediate value on BlackLine's market-leading https://www.blackline.com/solutions/financial-close-management/financial close and invoice-to-cash solutions.

BlackLine Adds 1,000th Modern Accounting Playbook (MAP) Customer

Digital finance transformation leader recognized by customers for ease-of-use, visibility, breadth of functionality, workflow, and reporting capabilities LOS ANGELES , Feb. 21, 2024 /PRNewswire/ -- BlackLine, Inc.'s (Nasdaq: BL) Financial Close Management solution was recently honored by G2, a leading online software marketplace and peer review platform, as one of the 'Best Accounting & Finance Products for 2024'. This marks the fifth consecutive year G2 has recognized BlackLine's leadership position as a premier platform for the Office of the CFO.

BlackLine Named to G2's Annual Best Accounting & Finance Software List for the 5th Year in a Row

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BlackLine, Inc. (BL) Q4 2023 Earnings Call Transcript

The headline numbers for BlackLine (BL) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

BlackLine (BL) Reports Q4 Earnings: What Key Metrics Have to Say

BlackLine (BL) came out with quarterly earnings of $0.69 per share, beating the Zacks Consensus Estimate of $0.55 per share. This compares to earnings of $0.35 per share a year ago.

BlackLine (BL) Surpasses Q4 Earnings and Revenue Estimates

LOS ANGELES, Feb. 13, 2024 (GLOBE NEWSWIRE) -- BlackLine, Inc . (Nasdaq: BL), today announced financial results for the fourth quarter and full year ended December 31, 2023.

BlackLine Announces Fourth Quarter and Full Year 2023 Financial Results

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Evaluate the expected performance of BlackLine (BL) for the quarter ended December 2023, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

Insights Into BlackLine (BL) Q4: Wall Street Projections for Key Metrics

Digital finance transformation leader expands leadership team, adding former Automation Anywhere CIO to oversee IT and InfoSec, scale internal cloud operations, and lead AI initiatives LOS ANGELES , Feb. 12, 2024 /PRNewswire/ -- BlackLine, Inc. (Nasdaq: BL) announced today that Software-as-a-Service (SaaS) and intelligent automation industry veteran Sumit Johar has joined the company as chief information officer (CIO), effective Feb. 12 th. Reporting to Co-CEO Therese Tucker, Johar will oversee Information Technology and Information Security globally for the digital finance transformation leader.

SaaS and Intelligent Automation Industry Veteran Sumit Johar Joins BlackLine as Chief Information Officer

LOS ANGELES, Jan. 30, 2024 (GLOBE NEWSWIRE) -- BlackLine, Inc. (Nasdaq: BL) announced today that it will release financial results for the fourth quarter and full year ended December 31, 2023 after market close on Tuesday, February 13, 2024 followed by a conference call hosted by management at 2:00 p.m. PT / 5:00 p.m. ET. A live webcast and replay will be accessible on BlackLine's investor relations website at https://investors.blackline.com/. To access the conference call by phone, please register here, and dial-in details will be provided. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time.

BlackLine Announces Date for Fourth Quarter and Full Year 2023 Earnings Release and Conference Call

Year-on-year data also shows that confidence in cash flow visibility remains at a staggering low, with just 2% of C-suite and finance and accounting leaders expressing complete confidence Errors due to manual processing of critical finance and accounting activities identified as key issue negatively impacting trust; as a result, majority automating via AI and other emerging tech LOS ANGELES and LONDON and SYDNEY and SINGAPORE , Jan. 30, 2024 /PRNewswire/ -- New research shows that nearly 40% of CFOs around the world do not completely trust the accuracy of their organization's financial data – creating challenges for strategic decision-making at a time when global business leaders are confronted with a wide range of external challenges. Confidence in cash flow visibility also remains stubbornly low, making it difficult for organizations to respond to unexpected market changes, according to a survey commissioned by digital finance transformation leader BlackLine, Inc. (Nasdaq: BL).

Nearly 40% of CFOs Do Not Completely Trust Their Organization's Financial Data, According to BlackLine Survey

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BlackLine (BL) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

BlackLine (BL) Upgraded to Strong Buy: Here's What You Should Know

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Digital finance transformation leader expands leadership team, adding former Dell Technologies senior marketing leader to drive global marketing strategy LOS ANGELES , Jan. 3, 2024 /PRNewswire/ -- BlackLine, Inc. (Nasdaq: BL) announced today that technology industry veteran Emily Campbell has joined the company as chief marketing officer (CMO), effective Jan. 2 nd. As CMO, Campbell is responsible for driving BlackLine's global marketing strategy as the digital finance transformation leader seeks to capitalize on the growing worldwide demand for solutions that drive greater automation, efficiency, financial governance, and risk management for the Office of the CFO.

Technology Industry Veteran Emily Campbell Joins BlackLine as Chief Marketing Officer

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Research highlights C-suite and Finance and Accounting expectations and concerns around the adoption of Generative AI and other emerging technologies LOS ANGELES and LONDON and SYDNEY and SINGAPORE , Dec. 6, 2023 /PRNewswire/ -- C-suite and finance and accounting (F&A) leaders around the world believe the modern business has to embrace new technologies like AI to streamline their financial operations, though many admit they may lack the requisite talent to execute on it, according to a survey commissioned by digital finance transformation leader BlackLine, Inc. (Nasdaq: BL). An overwhelming majority of respondents said that cloud computing (80%), generative AI (78%), and new kinds of AI (76%) are essential for improving business resiliency in the face of future disruption.

Business Leaders Ready to Embrace AI and Other Emerging Technologies to Enhance Financial Operations, But Challenges Remain - BlackLine Survey Reveals

An industry first, BlackLine Intercompany now addresses both trade and non-trade transactions, maximizing tax defensibility and increasing regulatory compliance  LOS ANGELES , Nov. 29, 2023 /PRNewswire/ -- Digital finance transformation leader BlackLine, Inc. (Nasdaq: BL) continues to solve complex intercompany accounting challenges, delivering new trade management capabilities for enterprise and midsize customers. Intercompany is one of the most complex areas of finance, with audit and tax advisory firm Grant Thornton estimating intercompany transfers at 30 to 40 percent of the global economy or $40 to $60 trillion annually.

BlackLine Sets New Standard with Addition of Trade Management Capabilities to its Intercompany Financial Management Solutions

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