US0900431000 - Common Stock
BILL HOLDINGS INC
NYSE:BILL (11/11/2024, 8:23:21 PM)
After market: 85.91 +0.02 (+0.02%)85.89
+8.58 (+11.1%)
Bill Holdings, Inc. engages in the provision of cloud-based software solutions. The company is headquartered in San Jose, California and currently employs 2,521 full-time employees. The company went IPO on 2019-12-12. The company enables users to automate accounts payable and accounts receivable transactions, enable businesses to connect with their suppliers and/or customers to do business, eliminate expense reports, manage cash flows, and improve back-office efficiency. The company offers financial automation software for small and midsize businesses (SMBs). Through its automated solutions, it helps SMBs simplify and control their finances. The company is a partner of the United States financial institutions, accounting firms, and accounting software providers. Its artificial-intelligence (AI)-enabled financial software platform creates connections between its customers, their suppliers, and their clients. Businesses on its platform generate and process invoices, streamline approvals, make, and receive payments, manage employee expenses, sync with their accounting system, and manage their cash.
BILL HOLDINGS INC
6220 America Center Dr., Suite 100
San Jose CALIFORNIA 94303
P: 16506217700
CEO: Rene Lacerte
Employees: 2521
Website: https://www.bill.com/
Financial stocks continued to rise following the election.
The company closed the business week with a very impressive earnings report.
Shares of payments and billing software maker Bill.com (NYSE:BILL) jumped 17.7% in the morning session after the company reported impressive third-quarter earnings which exceeded analysts' revenue and EPS estimates. The 19% year-over-year core revenue growth was driven by increased customer acquisition and higher payment volumes among newer cohorts, demonstrating the improved efficiency in converting new users. Operating income margin also improved, reflecting the company's ability to balance growth and profitability. As a result, Bill was able to provide an optimistic EPS forecast for the next quarter, which blew past analysts' expectations.
The regular session of the US market on Thursday is now over, but let's get a preview of the after-hours session and explore the top gainers and losers driving the post-market movements.
Payments and billing software maker Bill.com (NYSE:BILL) reported Q3 CY2024 results beating Wall Street’s revenue expectations, with sales up 17.5% year on year to $358.5 million. The company expects next quarter’s revenue to be around $358 million, slightly above analysts’ estimates. Its non-GAAP profit of $0.78 per share was also 55.4% above analysts’ consensus estimates.
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