From commerce to culture, software is digitizing every aspect of our lives. This secular theme has materialized in superior earnings growth and stock price performance for most SaaS companies,
and over the last six months, the industry’s 14.2% return has topped the S&P 500 by 9.2 percentage points.
B2B travel services company Global Business Travel (NYSEGBTG) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 7.7% year on year to $591 million. On the other hand, the company’s full-year revenue guidance of $2.53 billion at the midpoint came in 1.7% below analysts’ estimates. Its GAAP profit of $0.30 per share was significantly above analysts’ consensus estimates.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how finance and hr software stocks fared in Q2, starting with Zuora (NYSEZUO).
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Global Business Travel (NYSEGBTG) and its peers.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Intuit (NASDAQINTU) and its peers.
B2B travel services company Global Business Travel (NYSEGBTG) missed Wall Street’s revenue expectations in Q3 CY2024 as sales rose 4.6% year on year to $597 million. The company’s full-year revenue guidance of $2.43 billion at the midpoint came in slightly below analysts’ estimates. Its GAAP loss of $0.28 per share was also 251% below analysts’ consensus estimates.
GBTG stock results show that Global Business Travel beat analyst estimates for earnings per share but missed on revenue for the second quarter of 2024.
GBTG stock results show that Global Business Travel missed analyst estimates for earnings per share and missed on revenue for the first quarter of 2024.
American Express Global Business Travel (Amex GBT) gears up for a game-changing acquisition, set to acquire CWT for approximately $570 million. This strategic move, funded by a mix of stock and cash, aims to broaden Amex GBT's global reach and service offerings.
Global Business Travel Group Inc (NYSEGBTG) delivers impressive fourth-quarter FY23 results, surpassing revenue estimates with a 4.2% year-on-year growth to $549 million. Bolstered by Total Transaction Value expansion and increased Product & Professional Services revenue, GBTG demonstrates resilience amid evolving business travel dynamics. With a narrowed net loss and a significant 83% surge in adjusted EBITDA to $80 million, the company exhibits robust financial performance and anticipates continued growth in 2024.
GBTG stock results show that Global Business Travel missed analyst estimates for earnings per share but beat on revenue for the fourth quarter of 2023.
