BlackLine (BL) continues to dominate the accounting software market, remaining the clear leader. After reporting another very strong quarterly earnings led by impressive billings growth, the stock proceeded to pop over 30% the following day. BL continues to demonstrate why they deserve to trade at a premium multiple compared to other leading software providers. Not too long ago at their analyst day, management was very bullish about their long-term potential and confidence in the underlying trends.
For Q2, revenue grew an impressive 26% but what caused the stock to pop so much was