Here's What Key Metrics Tell Us About PowerSchool (PWSC) Q2 Earnings

Core Insights - PowerSchool Holdings (PWSC) reported revenue of $191.59 million for the quarter ended June 2024, reflecting a year-over-year increase of 10.2% [1] - The earnings per share (EPS) remained unchanged at $0.23 compared to the same quarter last year, with a slight miss against the consensus estimate of $0.24, resulting in an EPS surprise of -4.17% [1] Revenue Breakdown - Subscription and support revenue was $170.13 million, slightly below the average estimate of $170.92 million, but showing a year-over-year increase of 16.1% [3] - Service revenue totaled $19.32 million, falling short of the average estimate of $21.01 million, representing a year-over-year decline of 4.3% [4] - License and other revenue was reported at $2.14 million, significantly below the estimated $3.46 million, marking a drastic year-over-year decrease of 70.2% [5] Stock Performance - Over the past month, PowerSchool shares have returned +0.4%, contrasting with a -4.5% change in the Zacks S&P 500 composite [5] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [5]