PowerSchool Holdings, Inc. (PWSC) Tops Q2 EPS by 1c, Offers Guidance

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Go back to PowerSchool Holdings, Inc. (PWSC) Tops Q2 EPS by 1c, Offers Guidance

PowerSchool Announces Second Quarter 2023 Financial Results

August 7, 2023 4:15 PM EDT

PowerSchool delivers second quarter total revenue growth of 10% to $173.9 million, meeting the high end of the second quarter guidance range, and reiterates full-year 2023 outlook for total revenue GAAP net loss improves 33% over the prior year, and GAAP net loss per diluted share improves 33% over the prior year to $0.02 Adjusted EBITDA* grows 26% to $61.2 million, exceeding the second quarter guidance range, and full-year 2023 outlook for Adjusted EBITDA is increased ARR* increases 10% over the prior year to reach $635.8 million as of June 30, 2023 NRR* of 109.5% improves 220 basis points from the second... More