Cloud Stocks: Analysis of Bill.com’s Divvy Acquisition

Bill.com (NYSE:BILL), a cloud-based provider of financial services for SMBs, recently announced its third quarter results that surpassed market expectations. Bill.com continues to expand its offerings for the sector through partnerships and acquisitions. Revenue for the quarter grew 38% to $59.74 million, significantly ahead of estimates of $54.64 million. GAAP net loss was $26.7 million, compared to net loss of $8.3 million a year ago.

Link: Cloud Stocks: Analysis of Bill.com’s Divvy Acquisition
via http://www.sramanamitra.com

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