Bill.com (NYSE:BILL) Reports Upbeat Q1, Provides Optimistic Full-Year Guidance

StockStory05-03

Bill.com (NYSE:BILL) Reports Upbeat Q1, Provides Optimistic Full-Year Guidance Payments and billing software maker Bill.com (NYSE:BILL) beat analysts' expectations in Q1 CY2024, with revenue up ...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBill.com (NYSE:BILL) Reports Upbeat Q1, Provides Optimistic Full-Year Guidance\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-03 04:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/bill-com-nyse-bill-reports-202826821.html><strong>StockStory</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bill.com (NYSE:BILL) Reports Upbeat Q1, Provides Optimistic Full-Year Guidance \n \n\nPayments and billing software maker Bill.com (NYSE:BILL) beat analysts' expectations in Q1 CY2024, with revenue up ...</p>\n\n<a href=\"https://finance.yahoo.com/news/bill-com-nyse-bill-reports-202826821.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NYSE","symbol_name":"纽交所","start_time":0,"source_url":"https://finance.yahoo.com/news/bill-com-nyse-bill-reports-202826821.html","article_id":"2432526289","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/1P.wNFD0L4elEO4kI63X5w--~B/aD0xNjAxO3c9MjQwMDthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/stockstory_922/10bfc3147476a6bcc2c6d446cdc93f2b"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2432526289","pubTimestamp":1714681706,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Payments and billing software maker Bill.com  beat analysts' expectations in Q1 CY2024, with revenue up 18.5% year on year to $323 million. On top of that, next quarter's revenue guidance  was surprisingly good and 3.3% above what analysts were expecting. It made a non-GAAP profit of $0.60 per share, improving from its profit of $0.50 per share in the same quarter last year.Revenue: $323 million vs analyst estimates of $306 million . Revenue Guidance for Q2 CY2024 is $325 million at the midpoint, above analyst estimates of $314.5 million. Free Cash Flow of $62.96 million, down 15.2% from the previous quarter. Started by René Lacerte in 2006 after selling his previous payroll and accounting software company PayCycle to Intuit, Bill.com  is a software as a service platform that aims to make payments and billing processes easier for small and medium-sized businesses.Next quarter's guidance suggests that Bill.com is expecting revenue to grow 9.8% year on year to $325 million, slowing down ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"NYSE":"纽交所","BK4535":"淡马锡持仓","BK4551":"寇图资本持仓","BK4585":"ETF&股票定投概念","BK4588":"碎股","BK4023":"应用软件","BILL":"BILL HOLDINGS INC"},"translate_title":"Bill.com（纽约证券交易所代码：BILL）报告乐观的第一季度，提供乐观的全年指导","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BILL":1,"NYSE":1},"content_text":"Bill.com (NYSE:BILL) Reports Upbeat Q1, Provides Optimistic Full-Year Guidance \n \n\nPayments and billing software maker Bill.com (NYSE:BILL) beat analysts' expectations in Q1 CY2024, with revenue up 18.5% year on year to $323 million. On top of that, next quarter's revenue guidance ($325 million at the midpoint) was surprisingly good and 3.3% above what analysts were expecting. It made a non-GAAP profit of $0.60 per share, improving from its profit of $0.50 per share in the same quarter last year. \nIs now the time to buy Bill.com? Find out in our full research report.\n\nBill.com (BILL) Q1 CY2024 Highlights:\n\nRevenue: $323 million vs analyst estimates of $306 million (5.6% beat)\nEPS (non-GAAP): $0.60 vs analyst estimates of $0.54 (12.1% beat)\nRevenue Guidance for Q2 CY2024 is $325 million at the midpoint, above analyst estimates of $314.5 million \nGross Margin (GAAP): 83%, down from 86.1% in the same quarter last year\nFree Cash Flow of $62.96 million, down 15.2% from the previous quarter\nMarket Capitalization: $6.60 billion\n\n\n“We delivered strong profitable growth for the quarter, continued our rapid pace of innovation, and executed with persistent rigor and effectiveness,” said René Lacerte, BILL CEO and Founder.\nStarted by René Lacerte in 2006 after selling his previous payroll and accounting software company PayCycle to Intuit, Bill.com (NYSE:BILL) is a software as a service platform that aims to make payments and billing processes easier for small and medium-sized businesses. \nFinance and Accounting Software\nFinance and accounting software benefits from dual trends around costs savings and ease of use. First is the SaaS-ification of businesses, large and small, who much prefer the flexibility of cloud-based, web-browser delivered software paid for on a subscription basis than the hassle and expense of purchasing and managing on-premise enterprise software. Second is the consumerization of business software, whereby multiple standalone processes like supply chain and tax management are aggregated into a single, easy to use platforms.\nSales Growth\nAs you can see below, Bill.com's revenue growth has been incredible over the last three years, growing from $59.74 million in Q3 2021 to $323 million this quarter. \n\n This quarter, Bill.com's quarterly revenue was once again up 18.5% year on year. However, its growth did slow down compared to last quarter as the company's revenue increased by just $4.53 million in Q1 compared to $13.51 million in Q4 CY2023. While we'd like to see revenue increase by a greater amount each quarter, a one-off fluctuation is usually not concerning. \nNext quarter's guidance suggests that Bill.com is expecting revenue to grow 9.8% year on year to $325 million, slowing down from the 47.8% year-on-year increase it recorded in the same quarter last year. Looking ahead, analysts covering the company were expecting sales to grow 9.1% over the next 12 months before the earnings results announcement. \nWhen a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback.\nCash Is King\nIf you've followed StockStory for a while, you know that we emphasize free cash flow. Why, you ask? We believe that in the end, cash is king, and you can't use accounting profits to pay the bills. Bill.com's free cash flow came in at $62.96 million in Q1, up 163% year on year. \n\nBill.com has generated $257.7 million in free cash flow over the last 12 months, an impressive 20.7% of revenue. This high FCF margin stems from its asset-lite business model and strong competitive positioning, giving it the option to return capital to shareholders or reinvest in its business while maintaining a cash cushion. \nKey Takeaways from Bill.com's Q1 Results\nWe enjoyed seeing Bill.com exceed analysts' revenue expectations this quarter. We were also glad next quarter's revenue guidance came in higher than Wall Street's estimates. On the other hand, its gross margin declined. Overall, we think this was a really good quarter that should please shareholders. Investors were likely expecting more, however, and the stock is down 2% after reporting, trading at $62 per share. \n So should you invest in Bill.com right now? When making that decision, it's important to consider its valuation, business qualities, as well as what has happened in the latest quarter. We cover that in our actionable full research report which you can read here, it's free.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2432526289"}