Blackline, Inc.. (NASDAQ:BL) Q2 2022 Earnings Conference Call August 4, 2022 5:00 PM ET
Company Participants
Matt Humphries - VP, IR
Marc Huffman - CEO & Director
Mark Partin - CFO & Treasurer
Conference Call Participants
Brent Bracelin - Piper Sandler & Co.
Matthew Stotler - William Blair & Company
Robert Oliver - Robert W. Baird & Co.
Pinjalim Bora - JPMorgan Chase & Co.
Andrew DeGasperi - Berenberg
Matthew VanVliet - BTIG
Alexander Sklar - Raymond James & Associates
Operator
Good day, and thank you for standing by. Welcome to the Second Quarter 2022 BlackLine Earnings Conference Call. [Operator Instructions].
I would now like to hand the conference over to Matt Humphries, Vice President of Investor Relations. Please go ahead.
Matt Humphries
Good afternoon, and thank you for joining us today. With me on the call is Marc Huffman, Chief Executive Officer of BlackLine; and Mark Partin, Chief Financial Officer.
Before we get started, I would like to note that certain statements made during this conference call that are not historical facts, including those regarding our future plans, objectives and expected performance, in particular, our guidance for Q3 and full year 2022 are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent our outlook only as of the date of this call. While we believe any forward-looking statements we make are reasonable, actual results could differ materially because the statements are based on our current expectations as of today and are subject to risks and uncertainties, including those stated in our periodic reports filed with the Securities and Exchange Commission, in particular, our Form 10-K and Form 10-Q. We do not undertake and expressly disclaim any obligation to update or alter our forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.
Also, unless otherwise stated, our financial measures disclosed on this call will be non-GAAP. A discussion of these non-GAAP financial measures and information regarding reconciliations of our GAAP versus non-GAAP results is currently available in our earnings release, which may be found on our Investor Relations website at investors.blackline.com or on our Form 8-K filed with the SEC today.
Now I'll turn the call over to BlackLine's Chief Executive Officer, Marc Huffman. Marc?
Marc Huffman
Thank you, Matt, and good afternoon, everyone. Thank you for joining us today. We saw a solid performance across the business this quarter even in the face of rising global economic volatility. Our teams executed well and delivered revenue of $129 million, representing a year-over-year growth of 26%, an acceleration from last quarter. Additionally, we ended the quarter at $500 million in annual recurring revenue. This strong quarterly performance was driven by the strategic investments we've made across the business, centered around our top 3 priorities: customer engagement and success, platform innovation and expansion and growing our international presence. All 3 continue to play a critical role in driving long-term growth.