Financial PerformanceBILL reported solid FQ3 results, delivering revenue of $323M (vs. $306.5M consensus), operating profit of $58.5M (vs. $39.8M consensus), and TPV of $71B (vs. $67B consensus).
PartnershipsThe expert believes the new partnership between BILL and Xero should accelerate the integration roadmap.
Product DevelopmentThe company has rolled out a single mobile app for AP/AR management where it saw suppliers increase the use of instant transfer and invoicing directly on the BILL platform, increasing the overall value proposition of the company’s offerings.