ARR Growth7% YoY ARR growth disappointed and even when adding back the ~$4 million in NNARR that slipped out of the quarter, ARR growth would have been 8%, a stable growth rate from the prior three quarters.
Customer TransitionSeveral deals slipped during the quarter due to large customers taking time with their decisions about transitioning to Studio360 and BlackLine’s new pricing model.
Investor SentimentInvestor sentiment has been quite negative on BlackLine as investors do not believe the company will be able to re-accelerate ARR and revenue towards their medium-term target of 13-16%.