BlackLine Establishes Regional HQ in Sydney, Plans for APAC Data Center Expansion
May 16, 2023
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BLACKLINE ($NASDAQ:BL): BlackLine, a leading provider of cloud-based financial automation software, has announced the relocation of its regional headquarters to Sydney, Australia as part of its expansion plans across the Asia-Pacific (APAC) region. The company, which is publicly traded on the NASDAQ Global Select Market, has also stated its intention to build a data center in Sydney to better serve its APAC customers. The move is indicative of a larger trend of cloud-native companies expanding their presence in the APAC region. With the Sydney data center, BlackLine customers in the region will benefit from improved performance, higher data security and better compliance with local regulations.
The company also plans to invest heavily in developing and deploying new features and products specifically tailored to meet the needs of APAC-based customers. The relocation to Sydney is part of BlackLine’s larger expansion strategy, which includes further investment in regional partnerships and resources. This move is expected to help further accelerate BlackLine’s growth in APAC and position the company as a leader in cloud-based financial automation solutions in the region.
Market Price
On Monday, BlackLine made a major announcement, establishing a regional headquarters in Sydney, Australia and plans to expand its APAC data center. Following the news, BLACKLINE stock opened at $52.1 and closed at $53.2, an increase of 1.8% from the previous closing price of $52.2. This news came as part of BlackLine’s broader plan to expand their international presence and improve their global infrastructure. By setting up the regional headquarters in Sydney, BlackLine will be able to better serve the needs of their customers in the Asia Pacific region.
They also plan to build out their APAC data center in order to provide fast and reliable solutions for customers in the region. These plans for further expansion of their international presence and infrastructure demonstrate BlackLine’s commitment to delivering exceptional customer service and cutting-edge solutions. With the opening of their regional headquarters in Sydney and the plans to expand their APAC data center, BlackLine is well-positioned to meet the ever-growing needs of their global customer base. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Blackline. More…
| Total Revenues | Net Income | Net Margin |
| 541.69 | -31.39 | -4.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Blackline. More…
| Operations | Investing | Financing |
| 78.7 | -215.39 | -5.89 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Blackline. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.93k | 1.79k | 1.93 |
Key Ratios Snapshot
Some of the financial key ratios for Blackline are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 20.8% | – | -3.9% |
| FCF Margin | ROE | ROA |
| 8.5% | -11.7% | -0.7% |
Analysis
At GoodWhale, we have performed an analysis of BLACKLINE’s wellbeing and found that, based on our Risk Rating score, it is a medium risk investment in terms of financial and business aspects. Upon further investigation, we have detected 3 risk warnings in the balance sheet, cashflow statement, and non-financial areas. If you would like to find out more information on BLACKLINE’s risks and opportunities, be sure to register on goodwhale.com in order to gain access to our full risk report. BlackLine_Establishes_Regional_HQ_in_Sydney_Plans_for_APAC_Data_Center_Expansion”>More…
Peers
The company offers a suite of solutions that automate and streamline accounting processes, including the financial close, account reconciliation, journal entry, and intercompany accounting. BlackLine‘s competitors include MCAP Inc, Shenzhen InfoTech Technologies Co Ltd, and APT Systems Inc.
– MCAP Inc ($OTCPK:MCAP)
MCAP Inc is a holding company that operates in the real estate industry. The company has a market capitalization of 112.86 thousand as of 2022 and a return on equity of -106.38%. MCAP Inc is engaged in the business of acquiring, holding, developing, and managing real estate properties. The company’s portfolio includes residential, commercial, and industrial properties.
– Shenzhen InfoTech Technologies Co Ltd ($SZSE:300085)
Shenzhen InfoTech Technologies Co Ltd is a Chinese technology company that specializes in the development and manufacturing of mobile phones and other electronic devices. The company has a market cap of 6.66B as of 2022 and a Return on Equity of -19.32%. Shenzhen InfoTech Technologies Co Ltd is a publicly traded company listed on the Shenzhen Stock Exchange.
– APT Systems Inc ($OTCPK:APTY)
APT Systems Inc is a publicly traded company with a market capitalization of 1.75 million as of 2022. The company has a return on equity of 50.12%. APT Systems Inc is a provider of software and services for the financial markets industry. The company’s products and services include trading platforms, market data and analysis tools, and order management systems.
Summary
BlackLine, a financial software provider, has announced the relocation of their regional headquarters to Sydney, Australia, and plans to build a data center as part of their expansion into the Asia-Pacific region. From an investment standpoint, this move could be seen as a sign of BlackLine’s commitment to long-term growth in the region. The new data center could provide the infrastructure needed to support their customers in the region, while the headquarters relocation could help create new opportunities for partnerships with local organizations.
In addition, the presence of a regional headquarters may help attract top talent and improve BlackLine’s visibility in the region. Overall, these decisions indicate a positive outlook on BlackLine’s prospects in the Asia-Pacific market.
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