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BlackLine's sales grew 8.5% last quarter, and they will spend an extra $100 million to buy back shares.

ResultsRead the original at globenewswire.com
Good for BL

BlackLine's sales rose 8.5% to $193.4 million, it earned $10.6 million, and it expanded its buyback by $100 million. Its 8.6% GAAP operating margin was below its 25.9% non-GAAP margin, but sales growth and reported profit support a positive read.

BL · BlackLine, Inc.

AI read · Good for BL

The AI's read

That growth means BlackLine sold more of its platform than in the same quarter last year. It also earned a profit, though the two reported operating margins differ depending on the accounting method used. The larger buyback gives BlackLine room to repurchase more shares, but the report does not say how much it will actually spend.

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