Q2 Earnings Show Finance and HR Software Stocks Hold Steady

Finance and HR software stocks have reported satisfactory Q2 earnings, with revenues beating analysts' consensus estimates by 2.2%. Despite this, share prices of the companies have held steady, up 3.2% on average since the latest earnings results.

BlackLine (NASDAQ:BL), a cloud-based financial close and accounting software provider, reported revenues of $187.8 million, up 9.2% year-on-year. However, this was in line with analysts' expectations, and the company missed billings estimates. The stock is down 14.1% since reporting.

American Express Global Business Travel (GBTG) stood out as a top performer, with revenues of $870 million, up 37.9% year-on-year, beating analysts' expectations by 7.7%. The company's results were likely priced into the stock, which has traded sideways since reporting.

Workday (WDAY), another cloud-based software provider, reported revenues of $2.65 billion, up 12.8% year-on-year, topping analysts' expectations by 0.5%. The stock is down 2.7% since reporting.