AppFolio's Strong Q2 Encourages Management to Raise Guidance
APPFAppFolio(APPF) The Motley Fool·2024-07-26 11:14

Value-added services, including AI-related services, accounted for 151.6millionofthetotalrevenueinQ2.KeyPointsRevenueforQ22024was151.6 million of the total revenue in Q2.Key PointsRevenue for Q2 2024 was 197.4 million, growing 34% year over year.AppFolio reported a GAAP operating income of 36million,reversinganoperatinglosspositionfromthepreviousyear.Strongfreecashflowgenerationreached36 million, reversing an operating loss position from the previous year.Strong free cash flow generation reached 50.9 million for the quarter.AppFolio (APPF 0.96%), a provider of cloud-based business management solutions for the real estate industry, announced its earnings for Q ...