PowerSchool (PWSC) CEO On Cloud-Based Software For K-12 Students & Earnings

PowerSchool (PWSC) is a provider of cloud-based software for K-12 students in North America. It connects students, teachers, administrators, and parents to improve student outcomes. CEO Hardeep Gulati joins Oliver Renick to discuss PWSC. He talks about PWSC's earnings as its revenue growth came in at 10.3% in 2Q23 and 8.4% in 2Q22. Its adjusted EPS came in at $0.23 versus an estimated$0.23 and revenue came in at $173.90M versus an estimated $171.28M. PWSC sees FY23 revenue between $688M-$694M. Its 2Q annual recurring revenue increased 10% year-over-year. RBC Capital, Baird, and Macquarie all have outperform ratings, while Jefferies and Needham have a buy ratings, and Barclays has an overweight rating on PWSC. Tune in to find out more about the stock market today.