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Sep 30, 2020
BlackLine Q3 2020 Earnings Report
BlackLine delivered strong results, driven by the increasing importance of finance transformation and the acquisition of Rimilia, expanding customer capabilities and addressable market.
Key Takeaways
BlackLine announced strong third quarter results, driven by the increasing demand for finance transformation and the recent acquisition of Rimilia. The company believes there is a large, untapped opportunity to help companies struggling with manual accounting processes.
BlackLine delivered strong third quarter results as the demand environment continued to steadily improve.
Momentum is validation that finance transformation is mission critical and climbing to the top of the CFO’s priority list.
BlackLine has expanded its core customer capabilities and total addressable market with the recent acquisition of Rimilia.
There is a very large, untapped opportunity to help companies struggling with manual and unsustainable accounting processes.
Forward Guidance
Guidance for non-GAAP net income attributable to BlackLine and net income attributable to BlackLine per share does not include the impact of certain items, reconciliations of which are not available on a forward-looking basis without unreasonable efforts.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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