BILL Holdings (NYSE: BILL) shares have outperformed the Zacks Computer & Technology sector and its Zacks Internet - Software industry peer Intuit (NASDAQ: INTU) in the past month.
While BILL has moved up 5.7%, Intuit has risen 0.3%. The broader sector has dropped 0.8% over the same timeframe.
BILL's robust price performance has been driven by its impressive fiscal fourth-quarter 2024 results.
It registered 16% year-over-year growth in revenues. Core revenues, which included subscription and transaction fees, also rose 16% to $301 million. The upside was supported by BILL's ability to acquire new customers and expand its payment offerings.
BILL Holdings, Inc. Price and Consensus
BILL Holdings, Inc. price-consensus-chart | BILL Holdings, Inc. Quote
BILL added a total of 11,300 net new customers in fourth-quarter fiscal 2024, with 4,600 customers from its direct and accounting channels and 6,700 from financial institutions. The retention rate for BILL standalone customers was 83%, demonstrating strong customer loyalty.
Nevertheless, investors should ...
