BlackLine, Inc. announced solid financial results for the third quarter ended September 30, 2024, exceeding its financial guidance. Total revenue grew 10% year-over-year to $165.9 million, driven by operational excellence and strategic advancements.
The company reported a non-GAAP net income of $0.60 per share, surpassing the average analyst estimate of $0.52 per share. BlackLine also achieved record free cash flow generation during the quarter, reflecting strong operational performance.
For the fourth quarter of 2024, BlackLine provided GAAP revenue guidance between $168 million and $170 million, with a non-GAAP operating margin between 20.5% and 21.5%. The full year 2024 GAAP revenue guidance was set between $650 million and $655 million, with a non-GAAP operating margin between 20.5% and 21.5%.
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