WalkMe (WKME) has released an update.
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WalkMe Ltd. reported a solid second quarter in 2024 with a 7% increase in subscription revenue to $65.7 million and a significant improvement in Non-GAAP Operating Income, turning a previous year’s loss into a $4.9 million profit. Additionally, the company’s Free Cash Flow doubled year-over-year to $11.1 million, indicating strong financial health. Amid these results, WalkMe also mentioned that its pending acquisition by SAP is expected to close within the year, subject to regulatory approvals and other conditions.
For further insights into WKME stock, check out TipRanks’ Stock Analysis page.
