BlackLine reports Q1 EPS 49c, consensus 38c

Reports Q1 revenue $166.9M, consensus $166.72M. “BlackLine’s (BL) first quarter delivered solid results with bookings exceeding expectations, driven by improved execution along with continued margin expansion,” said Owen Ryan, Co-CEO of BlackLine. “Our key strategic initiatives continue to advance steadily: Studio360 adoption is growing, our new pricing strategy is gaining traction, our industry-specific approach is building momentum, and our public sector business is progressing as planned. While navigating current market uncertainty, we are focused on managing the near-term without compromising our long-term vision and growth trajectory.”