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BlackLine Q2 Earnings Call Highlights
['Logan Wallace']
Ticker Report
BlackLine generated $45 million in operating cash flow and $36.5 million in free cash flow during the quarter.
Non-GAAP net income attributable to BlackLine was $42.9 million, or $0.61 per diluted share.
Outlook and Capital ReturnsFor the third quarter, BlackLine forecast total GAAP revenue of $193 million to $195 million, representing growth of 8.3% to 9.4%.
BlackLine ended the quarter with approximately $528 million in cash equivalents and marketable securities and $667 million in debt.
Key products and services within the BlackLine platform include Account Reconciliation, Task Management, Transaction Matching, Journal Entry, and Intercompany Hub.