Abdul Rahman
1 min read
In This Article:
BlackLine, Inc. (NASDAQ:BL) is one of the 13 best software stocks to buy now. On June 16, the company confirmed the appointment of Sam Balaji to its board of directors. Balaji joins the board with over three decades of global leadership experience, having served as Deloitte Consulting CEO for 28 years.
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Balaji will bring exceptional experience to BlackLine, having overseen over 100 mergers, acquisitions, and investments. The company’s CO-CEO, Therese Tucker, has already touted his strategic thinking abilities and ability to unlock growth. His appointment comes as the company expands its platform capabilities for chief financial officers, focusing on intelligence across financial processes.
In addition, BlackLine delivered solid first-quarter results as non-GAAP earnings per share totaled $0.49, beating consensus estimates of $0.38. Revenue in the quarter was up 6% year over year to $166.9 million, beating consensus estimates of $166.7 million.
BlackLine, Inc. (NASDAQ:BL) provides cloud-based software that automates and streamlines businesses’ financial close and accounting processes. It focuses on financial close and consolidation solutions, accounts receivable, and inter-company accounting.
While we acknowledge the potential of BL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None.
