CVENT HOLDING Reports Fourth Quarter 2022 Earnings Results for Fiscal Year Ending March 2023

Earnings Overview

CVENT HOLDING ($NASDAQ:CVT) reported its earnings results for the fourth quarter of fiscal year 2022 on December 31, 2022. This period was from March 14, 2023 to December 31, 2022. The company reported total revenue of USD -19.1 million, a 11.1% increase from the same period in the previous year. Additionally, net income was USD 170.9 million, which represented an 18.2% increase compared to the same quarter in the prior year.

Share Price

The company reported strong performance with a 13.0% increase in its stock price, opening at $8.3 and closing at $8.4, soaring above the previous closing price of $7.4. The impressive results were driven by their investments in technology and services, which allowed for growth across each of their divisions. The company experienced strong performance in both their enterprise and consumer divisions, with double-digit growth in both revenue and operating income. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Cvent Holding. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Cvent Holding. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Cvent Holding. More…

Key Ratios Snapshot

Some of the financial key ratios for Cvent Holding are shown below. More…

Analysis

We recently conducted an analysis of CVENT HOLDING‘s wellbeing. Our Risk Rating deems it a medium risk investment in terms of financial and business aspects. We detected one risk warning in the balance sheet which our registered users can check out. It is important for investors to consider potential risks before investing in any company. In order to help you make an informed decision, we provide you with an in-depth analysis of the company’s financial health, so you can make well-informed investments. More…

Peers

The company was founded in 1999 and is headquartered in Tysons Corner, Virginia. Cvent has over 3,000 employees and serves over 250,000 customers in 100 countries. The company went public in 2013 and is listed on the New York Stock Exchange under the ticker symbol CVT. Cvent’s main competitors are Salesforce, Cistera Networks, and Tintri.

– Salesforce Inc ($NYSE:CRM)

Salesforce is a cloud-based software company that provides customer relationship management (CRM) software to businesses of all sizes. Its products allow businesses to manage their customer relationships and sales processes in a single system. The company’s market cap is $160.17 billion and its ROE is 0.08%.

– Cistera Networks Inc ($OTCPK:CNWT)

Cistera Networks Inc is a company that provides software-defined networking solutions. The company has a market capitalization of 1.12 million as of 2022 and a return on equity of 3.67%. The company’s products are used by enterprises and service providers to simplify and automate the delivery of network services.

– Tintri Inc ($OTCPK:TNTRQ)

Tintri Inc is a company that provides cloud storage and data management solutions. It has a market cap of 675.02k and a ROE of 116.12%. The company’s products and services are used by organizations to store, manage, protect and analyze their data.

Summary

Investors appear to be bullish on CVENT HOLDING after the company reported its fourth quarter fiscal year 2022 earnings results. Total revenue was up 11.1%, while net income rose 18.2% compared to the same period in the previous year. This increased confidence in the company was reflected in the stock’s positive response, with the price rising on the same day. With strong revenue and profit figures, investors may be wise to consider investing in CVENT HOLDING.