2024-06-06 09:39:30 ET
Summary
- Phreesia's revenue grew 20.7% year-over-year, with subscription revenue growing 23.4% and payment processing revenue growing 11.6%.
- The company added 103 new clients in the quarter, beating guidance, and expects to add around 100 more in the next quarter.
- Phreesia's focus on profitability is showing positive results, with EBITDA margin expanding and guidance suggesting further improvement.
Summary
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Phreesia: Growth Remains Strong, With EBITDA Margin Set To Improve