Welcome to our dedicated page for BILL HOLDINGS news (Ticker: BILL), a resource for investors and traders seeking the latest updates and insights on BILL HOLDINGS stock.
BILL Holdings, Inc. reports on an intelligent finance platform for small and midsize businesses, accountants, and growing companies. The company’s recurring updates cover accounts payable, accounts receivable, spend and expense management, forecasting, procurement, B2B payments, and AI-enabled finance workflows.
Company news also includes quarterly financial results, subscription and transaction revenue trends, float revenue, share repurchase authorizations, product launches such as BILL Travel, expanded Supplier Payments Plus capabilities, and integrations with accounting and ERP providers. Other recurring items include investor-conference participation and developments across the company’s payments network and software ecosystem.
Bill.com (NYSE:BILL) has appointed Rinki Sethi as Vice President and Chief Information Security Officer. Sethi will lead global information security and technology, focusing on enhancing data protection for customers, partners, and employees. With over two decades of experience, she previously held CISO roles at Twitter and Rubrik Inc. and has worked with major companies like IBM and eBay. This move is expected to bolster Bill.com’s software security following its recent acquisitions of Divvy and Invoice2go, strengthening its position in the financial software market for small and midsize businesses.
Bill.com (NYSE: BILL) has expanded its partnership with CPA.com, designating Divvy as CPA.com’s exclusive partner for expense management and corporate cards. This enhancement aims to streamline financial operations for CPA firms, providing an integrated solution that combines bill payments, expense management, and spend tracking. The collaboration is geared towards empowering firms with advanced tools, improving client advisory services (CAS), and meeting growing demands in accounting practices. This initiative reflects the increasing importance of CAS in the industry.
Bill.com (NYSE: BILL), a leader in cloud-based financial software, will participate in key investor events. John Rettig, CFO, will speak at the 2022 Wolfe FinTech Forum on March 8 at 9:00am PT. René Lacerte, CEO, is a keynote speaker at the 17th KeyBanc Emerging Tech Summit on March 9 at 12:05pm PT. Live webcasts will be available on their investor relations website.
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Bill.com reported a 190% increase in total revenue to $156.5 million for Q2 FY22, credited to strong growth in core revenue, which rose 197% year-over-year. Key metrics included 85% organic core revenue growth and a 313% spike in transaction fees. Despite a non-GAAP net loss of $220,000 (or $0.00 per share), the company expanded its gross margin to 85.3%. Bill.com served 135,000 customers and processed over $56 billion in payment volume. Guidance for Q3 FY22 anticipates total revenue between $157.0 - $158.0 million.
Bill.com (NYSE:BILL) announced the appointment of Germaine Cota as Senior Vice President, Finance & Accounting. Cota will manage global accounting operations, financial reporting, tax, and treasury functions, reporting to John Rettig, CFO. With extensive experience in finance, including roles at 8x8, Inc., Mercari, Inc., and LinkedIn, her leadership is expected to support Bill.com's growth strategy aimed at streamlining back-office financial processes for small and midsize businesses.
Bill.com (NYSE: BILL), a leader in cloud-based financial software for SMBs, will announce its fiscal Q2 results for the period ending December 31, 2021, on February 3, 2022, after market close. A webcast to discuss these results will follow at 1:30 PM PT. Investors can access the news release and webcast link on the Bill.com investor relations website. The company partners with major financial institutions and accounting firms, providing solutions that automate back-office financial processes for improved cash flow management.
Bill.com (NYSE:BILL) has appointed Sarah Acton as the new Chief Marketing Officer. Reporting to CEO René Lacerte, Sarah brings over 25 years of marketing expertise, including significant roles at Athos, LinkedIn, and Yahoo!. Her experience includes driving brand growth and marketing strategies for major companies and government entities. Sarah aims to enhance Bill.com's marketing strategies, focusing on small and midsized businesses. This leadership change is expected to accelerate the company’s brand-building efforts in the financial software sector.
Invoice2go, a subsidiary of Bill.com (NYSE:BILL), launched the ‘Grow by Invoice2go’ program, aimed at supporting underrepresented small business owners. This initiative offers $200,000 in cash prizes, distributed across three tiers: $15,000 for five winners, $10,000 for ten winners, and $5,000 for five winners. The program includes community-building activities and business development workshops led by industry experts. Applications are open until midnight PST on February 28, 2022. Invoice2go emphasizes its commitment to empowering minority-led businesses through financial support and technology.
Bill.com (NYSE:BILL) released a survey indicating that 80% of small and midsized businesses (SMBs) feel inadequately supported by enterprise tech companies. A staggering 87% seek an all-in-one solution, highlighting a gap in offerings from larger providers. The survey, conducted among 2,000 SMB decision-makers, reveals that 63% believe enterprise solutions do not meet their needs, and 85% still utilize manual bookkeeping for financial operations. With projected SMB IT spending surpassing $1.13 trillion in 2021, Bill.com aims to fill this void.