Earnings Feed

BILL

Technology

Bill.com launched Supplier Payments Plus in Q4, streamlining millions of payments and simplifying incoming payments for suppliers.
The product enables large suppliers to perform reconciliation at scale and convert paper checks into faster digital payments.
This solution moves from a flat fee ACH transaction to an ad valorem fee paid by suppliers, creating new revenue streams.
Suppliers ranging from law firms to waste management companies are using the product to optimize receivables.
The product significantly reduces manual reconciliation efforts, benefiting both suppliers and SMBs.
Management expects this product to generate meaningful transaction revenue as it scales among large suppliers.

BOX

Technology

EPS of $0.33, $0.02 above the high end of guidance.
Free cash flow of $36 million and operating cash flow of $46 million, up 927% year-over-year.
Gross margin of 81.4%, up 40 basis points year-over-year excluding prior year data center equipment sales.
Operating margin of 28.6%, improved year-over-year despite tougher comps.
Q2 billings of $265 million, up 3% year-over-year and 6% in constant currency, outperforming expectations despite FX headwinds.
Q2 revenue of $294 million, up 9% year-over-year and 7% in constant currency, exceeding the high end of guidance.
Remaining performance obligations (RPO) grew 16% year-over-year to $1.5 billion.
Short-term RPO grew 12% year-over-year, reflecting strong multiyear contract commitments.

ADSK

Technology

Billings increased 36% as reported and 34% at constant currency, driven by the new transaction model.
Contribution from the new transaction model to revenue was approximately $105 million in Q2.
Free cash flow was $451 million, benefiting from earlier timing of billings.
GAAP and non-GAAP operating margins improved by 240 and 140 basis points respectively, reaching 25% and 39%.
Remaining performance strong in AECO sector, offsetting softness in commercial segments.
RPO grew 24% to $7.3 billion, with current RPO at $4.7 billion growing 20%.
Share repurchases totaled $356 million in Q2, with 1.2 million shares bought at an average price of $298 per share.
Total revenue grew 17% year-over-year as reported and 18% in constant currency in Q2.

INTU

Technology

Intuit observes that consumer credit card balances are up 4% YoY, but credit scores are down about 10 points, indicating cautious spending.
Business revenues are generally flat, but profits and cash flows are up across a broad customer base.
Sector performance varies, with real estate, advertising, and manufacturing underperforming, while other sectors are doing well.
Management notes that profits and cash flows are healthy, but consumers are more selective and stretched in their spending.
The macro environment remains uncertain, but the company's diversified customer base provides resilience.