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BlackLine® Receives SAP® Global Finance and Spend Management Partner Excellence Award 2025 for Partner Solution Success
Prnewswire· 2025-10-06 20:30
, /PRNewswire/ -- BlackLine, Inc. (Nasdaq: BL) today announced it received an SAP Global Finance and Spend Management Award for Partner Excellence 2025 for Partner Solution Success. Awards were presented by SAP (NYSE: SAP) to top-performing partners for outstanding contributions related to Finance and Spend Management solutions. Award winners – in partnership with SAP – help customers innovate, gain rapid results, grow sustainably, and run more simply. BlackLine® Receives SAP® Global Finance and Spend Mana ...
BlackLine's Signature Finance Transformation Event Returns to London and Debuts in Paris
Globenewswire· 2025-06-11 13:05
Core Insights - BlackLine is expanding its flagship finance transformation event, BeyondTheBlack, with two key events in Europe in June 2025, one in London and the other in Paris, marking its debut in France [1][2] Event Details - BeyondTheBlack London will take place on June 17, 2025, at De Vere Grand Connaught Rooms, featuring executive keynotes, live demos, and customer transformation stories [3] - BeyondTheBlack Paris will occur on June 19, 2025, at Cloud Business Center, conducted in French, and will include customer sessions [3] Company Overview - BlackLine (Nasdaq: BL) offers a cloud-based financial operations management platform that helps companies transition from traditional manual accounting processes to modern accounting by unifying data and automating repetitive tasks [4] - The company serves over 4,400 customers globally, including 50% of the Fortune 500, providing solutions for financial close, intercompany accounting, invoice-to-cash, and consolidation processes [4]
BlackLine Announces First Quarter Financial Results
Globenewswire· 2025-05-06 20:05
Core Insights - BlackLine, Inc. reported solid financial results for the first quarter of 2025, with bookings exceeding expectations and continued margin expansion [2][6]. Financial Performance - Total GAAP revenues reached $166.9 million, marking a 6% increase compared to the first quarter of 2024 [6]. - GAAP operating margin improved to 2.1%, up from 1.1% in the same quarter last year [6]. - Non-GAAP operating margin was reported at 20.9%, compared to 17.0% in the first quarter of 2024 [6]. - GAAP net income attributable to BlackLine was $6.1 million, or $0.10 per diluted share, down from $10.8 million, or $0.17 per diluted share in the first quarter of 2024 [6]. - Non-GAAP net income attributable to BlackLine was $36.3 million, or $0.49 per diluted share, compared to $40.1 million, or $0.54 per diluted share in the first quarter of 2024 [6]. - Billings increased by 9% year-over-year to $159.0 million [6]. - Remaining performance obligation rose to $913.2 million, an 11% increase compared to March 31, 2024 [6]. - Operating cash flow was $46.7 million, down from $50.4 million in the first quarter of 2024 [6]. - Free cash flow decreased to $32.6 million from $43.7 million in the same period last year [6]. Customer Metrics - BlackLine had a total of 4,455 customers as of March 31, 2025 [6]. - The number of users reached 393,892, reflecting customer migrations to the new platform pricing model [6]. - The dollar-based net revenue retention rate was 104% as of March 31, 2025 [6]. Strategic Initiatives - The adoption of the Studio360 platform is growing, and the new pricing strategy is gaining traction [2]. - BlackLine is focusing on industry-specific approaches and advancing its public sector business as planned [2]. - The company is integrating advanced AI capabilities across its product ecosystem to enhance innovation [2]. Future Outlook - For the second quarter of 2025, total GAAP revenue is expected to be in the range of $170 million to $172 million [13]. - Non-GAAP operating margin is anticipated to be between 20.5% and 21.5% [13]. - Non-GAAP net income attributable to BlackLine is projected to be between $38 million and $40 million, or $0.51 to $0.53 per share [13].