This is our first report on BlackLine, the renowned cloud-based solutions provider for accounting and financial management operations. The company delivered solid financial results in the last quarter and managed an all-around beat with good growth in revenue. Moreover, continued free cash flow and margin improvement were seen due to further disciplined expense management and operating efficiencies. BlackLine’s management is seeing healthy demand signals in its pipeline as interest and customer engagement remain high. The strategic product portfolio of the company continues generating positive momentum as solutions that drive efficiency and high automation become more top of mind for the customers. Moreover, the competitive win rates of the customers remained strong this quarter for the company. BlackLine expanded its partnerships with Google Cloud to bring greater innovation and scalability to accounting and finance organizations. They recently announced customer attractiveness scoring capabilities of the company enable companies to identify customers that have a minimal risk that allows for potentially greater credit limits. We initiate coverage on the stock of BlackLine with a ‘Hold’ rating.
Our Report Structure:
⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
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