Bill.com Holdings, Inc. (NYSE:BILL) Q2 2023 Earnings Call Transcript

Operator: Thank you. Our last question comes from the line of Sanjay Sakhrani with KBW. Your line is now open.

Sanjay Sakhrani: Thank you. Maybe just a big picture question to summarize some of the questions that were asked before. I know it’s a fluid macro backdrop, but could you maybe just give us a sense of how predictable do you think the model is for a given macro backdrop given that it’s a fairly €“ it’s not €“ it’s a newer model. I’m just trying to think about the consensus forecast calling for more macro weakness? And maybe how we should gauge how those macro factors affect the assumptions you’ve made? Thanks.

Rene Lacerte: Thank you, Sanjay. We have a lot of data that we’re able to use and look at and see the trends across all of our customers, different size customers, different segments of customers. And that is what informs the modeling that we do and the guidance that we provide. So we feel like we have the insights to be able to really understand what is happening with businesses at the time, and that’s how we create and form the guidance that we provide today.

Sanjay Sakhrani: Okay. Thank you.

John Rettig: Okay. Thank you. Appreciate that. I think I’d just like to say thank you, everyone for joining the call today. We look forward to communicating our progress as we pursue the tremendous opportunity in front of us. And again, thanks for joining the call.

Operator: That concludes Bill’s fiscal second quarter 2023 earnings conference call. Thank you for your participation. Have a wonderful rest of your day.