PowerSchool (PWSC) Q2 Earnings & Revenues Lag, Margins Down
PowerSchool(PWSC) ZACKS·2024-08-13 02:11
PowerSchool Holdings, Inc. (PWSC) reported lower-than-expected results in the second quarter of 2024, wherein its quarterly earnings and revenues missed the Zacks Consensus Estimate. The top increased while the bottom line remained flat year over year. The top-line performance was backed by an increase in subscriptions and support revenues, which was driven by increased sales of its solutions to new customers and by cross-selling and upselling to existing customers. However, an increase in total operating e ...