Revenue Growth and Financial Performance
BlackLine delivered 9% revenue growth in Q4 2024 with a non-GAAP operating margin of 18%, despite currency headwinds due to a strong US dollar. The revenue renewal rate improved to 96% with strong enterprise performance at 97% and mid-market business at 92%.
Strategic Partnerships and Initiatives
Significant progress in strategic partnerships, including a new partnership with Workday and an enhanced relationship with SAP. BlackLine is included in SAP's EPM package and progressing towards FedRAMP certification, which will position it to serve public sector organizations.
Expansion and New Deals
Expanded with BAE Systems in Europe and secured new deals with Snowflake in North America and Sandvik Coromant in the Nordics. These deals reflect BlackLine's ability to support large-scale digital finance transformation.
Studio360 Platform Launch
Launched the Studio360 platform, generating significant market enthusiasm for its ability to orchestrate, connect, and automate financial systems, with Fortune 100 companies already implementing it.
Innovation and AI Integration
Continued innovation with AI-based executive insights and enterprise consolidation capabilities, enhancing the financial reporting analytics pillar and positioning BlackLine to capitalize on opportunities from legacy consolidation solutions.