Earnings ·
BlackLine reports Q3 net income of $10.6M and raises buyback authorization by $100 million
BLBlackline, Inc.
BlackLine reported third-quarter GAAP revenues of $193.4 million, an 8.5% increase year-over-year, with diluted EPS of $0.18 compared to $0.09 in the prior year period. Non-GAAP net income rose to $44.7 million, or $0.64 per share, driven by improved operating margins and cost management. The company also announced a $100 million increase to its stock repurchase program, bringing remaining capacity to approximately $240.6 million. BlackLine operates in the financial technology sector, providing cloud-based software for financial close management and accounting automation.