BILL Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2024
May 02, 2024 at 04:05 pm EDT
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BILL Holdings, Inc. reported earnings results for the third quarter and nine months ended March 31, 2024. For the third quarter, the company reported revenue was USD 323.03 million compared to USD 272.56 million a year ago. Net income was USD 31.81 million compared to net loss of USD 31.14 million a year ago. Basic earnings per share from continuing operations was USD 0.3 compared to basic loss per share from continuing operations of USD 0.29 a year ago.
For the nine months, revenue was USD 946.51 million compared to USD 762.49 million a year ago. Net loss was USD 36.47 million compared to USD 207.85 million a year ago. Basic loss per share from continuing operations was USD 0.34 compared to USD 1.96 a year ago. Diluted loss per share from continuing operations was USD 0.34 compared to USD 1.96 a year ago.
BILL Holdings, Inc. is a provider of software-as-a-service, cloud-based payments, and spending and expense management products. It enables users to automate accounts payable and accounts receivable transactions, enable businesses to connect with their suppliers and/or customers to do business, eliminate expense reports, manage cash flows, and improve back-office efficiency. It offers financial automation software for small and midsize businesses (SMBs). Through its automated solutions, it helps SMBs simplify and control their finances. It is a partner of the United States financial institutions, accounting firms, and accounting software providers. Its artificial-intelligence (AI)-enabled financial software platform creates connections between its customers, their suppliers, and their clients. Businesses on its platform generate and process invoices, streamline approvals, make, and receive payments, manage employee expenses, sync with their accounting system, and manage their cash.
BILL HOLDINGS, INC. 
