According to a Market Study Report published earlier this month, the global accounting software market is estimated to grow 7% annually to $17.3 billion in 2024. The report pegs the industry at $11.4 billion last year. Cloud-based financial software provider BlackLine (BL) recently announced its fiscal fourth quarter results that continued to surpass market expectations.
Revenues for the quarter grew 25% over the year to $62.32 million, compared with the Street's estimate of $61.65 million. EPS of $0.03 also was significantly ahead of the market's expected $0.01 per share. It ended the