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Bill.com (NYSE:BILL) Reports Q4 In Line With Expectations But Stock Drops 28.4%


Published on 2025-02-06 18:00:49 - MSN
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  • Payments and billing software maker Bill.com (NYSE:BILL) in Q4 CY2024, with sales up 13.9% year on year to $362.6 million. On the other hand, next quarter's revenue guidance of $355 million was less impressive,

Bill.com Holdings, Inc. reported its fiscal fourth-quarter earnings, aligning with Wall Street's expectations for both earnings per share and revenue. Despite meeting these forecasts, the company's stock experienced a significant drop of 28.4% in after-hours trading. The decline was attributed to the company's forward-looking guidance, which projected a lower revenue growth rate for the upcoming fiscal year, ranging from 15% to 17%, compared to the 60% growth in the previous year. This guidance reflects a more conservative outlook due to macroeconomic uncertainties and a shift in business model towards more sustainable growth. Additionally, Bill.com announced a workforce reduction of about 15% to manage costs, which might have further contributed to investor concerns about future profitability and growth.

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[ https://www.msn.com/en-us/money/economy/bill-com-nyse-bill-reports-q4-in-line-with-expectations-but-stock-drops-28-4/ar-AA1yyhCj ]
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