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This statistic highlights Blackline Inc’s Revenue By Segment, split between Professional services, and Subscription and Support, reported on a quarterly basis from Q1 2016 onwards.
|Revenue by Segment||Q3 2020||Q2 2021||Q3 2021||Contribution in Q3 2021|
|Subscription and Support||$83.9||$95.2||$102.9||94%|
(All figures are in millions, except percentages.)
The total Revenue of Blackline Inc has been on rising for a long. It rose to $102.1 million in Q2 2021 from $90.2 million in Q3 2020 at the rate of 14% and then rose to $109.4 million in Q3 2021 at the rate of 7%.
Professional services contain implementation and consulting services. Although their platform is prepared to use immediately after a replacement customer has access thereto, they typically help customers implement their solutions for a hard and fast fee, which is initially recorded as deferred revenue and recognized on a proportional performance basis because the services are performed. They also provide consulting services to assist customers to optimize the utilization of their products. They charge customers for their consulting services on a time-and-materials basis and they recognize that revenue as services are performed.
They derived approximately 93% of their revenue from subscriptions to their cloud-based software platform and approximately 7% from professional services for the year ended New Year’s Eve, 2020. the bulk of subscriptions is sold through one-year non-cancellable contracts, with a growing percentage of subscriptions sold through three-year contracts. They price their subscriptions supported a variety of things, primarily the number of users having access to the products and therefore the number of products purchased by the customer. Subscription revenue is recognized in instalments over the course of the consumer contract. the primary year of subscription fees are typically payable within 30 days after execution of a contract, and thereafter upon renewal.
Revenue from Professional Services rose to $7.0 million in Q2 2021 from $6.3 million in Q3 2020 at the speed of 12% then fell to $6.5 million in Q3 2021 at the speed of seven .5%.
Subscription and support
The majority of subscriptions are sold via one-year non-cancellable contracts, with a growing percentage sold via three-year contracts. Fees have been supported by a variety of things, including the solutions subscribed to by the customer and therefore the number of users having access to the solutions. the primary year of subscription fees are typically payable within 30 days after execution of a contract, and thereafter upon renewal. They initially record the subscription fees as deferred revenue and recognize revenue ratably over the term of the contract. Customers may increase the number of users and add products at any time during the subscription period. Additional fees are payable for the rest of the initial or renewed contract term. Customers may only reduce their number of users or subscriptions to products upon renewal of their arrangement. Revenues from subscriptions to their cloud-based software platform composed approximately 93% of their revenues for the year ended New Year’s Eve, 2020.
Subscription and support revenues also include revenues related to sales of on-premise software licenses and related support. before their migration to SaaS in 2012, They licensed their legacy on-premise software. They do not develop any new applications or functionality for their legacy on-premise software.
Major Revenue of Blackline Inc comes from Subscription and Support which accounts for 94%. Revenue from Subscription and Support rose to $95.2 million in Q2 2021 from $83.9 million in Q3 2020 at the speed of 13.5% then fell to $102.9 million in Q3 2021 at the speed of 8%.
About the company
The company has created comprehensive cloud-based solutions designed to rework and modernize accounting and finance operations for organizations of all kinds and sizes. Their secure, scalable solutions support critical accounting processes like financial close, account reconciliations, cash application, intercompany accounting, and compliance. They empower their customers by introducing software to automate and enable these processes to run continuously, allowing them to improve the integrity of their financial reporting, increase the efficiency of their accounting and finance processes, and improve real-time visibility into their results and operations.
Their mission is to rework how accounting and finance departments operate. Their approach modernizes what historically has been done through execution and manual controls typically applied only during the month, quarter, or year-end financial close, and delivers dynamic workflows embedded within a real-time, highly automated framework, a process they ask as “continuous accounting.”
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