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Stock impact report

Finance and HR Software Stocks Q4 Highlights: BlackLine (NASDAQ:BL) [Yahoo! Finance]

BlackLine, Inc. (BL) 
NASDAQ:AMEX Investor Relations: investors.blackline.com
Company Research Source: Yahoo! Finance
Organizations are constantly looking to improve organizational efficiencies, whether it is financial planning, tax management or payroll. Finance and HR software benefit from the SaaS-ification of businesses, large and small, who much prefer the flexibility of cloud-based, web-browser delivered software paid for on a subscription basis than the hassle and expense of purchasing and managing on-premise enterprise software. The 12 finance and hr software stocks we track reported a strong Q4. As a group, revenues beat analysts' consensus estimates by 1.8% while next quarter's revenue guidance was in line. In light of this news, share prices of the companies have held steady as they are up 3.2% on average since the latest earnings results. BlackLine (NASDAQ:BL) Born from the vision to eliminate tedious manual spreadsheet work for accountants, BlackLine (NASDAQ:BL) provides cloud-based software that automates and streamlines financial close, intercompany accounting, and invoice-to- Show less Read more
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