Did BlackLine's (BL) Saudi AI Cloud Launch Just Redraw Its Middle East Growth Map?

Simplywall
2025.12.23 07:00
portai
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BlackLine, Inc. has launched a locally hosted cloud region in Saudi Arabia on Google Cloud Platform, enhancing its AI-enabled financial operations platform. This expansion meets local cybersecurity requirements and strengthens ties with partners like SAP. The move supports BlackLine's international growth strategy but may impact margins due to extended sales cycles. The company projects $920.5 million in revenue by 2028, requiring 10.9% annual growth. Analysts have varied fair value estimates for BlackLine's stock, highlighting potential investment opportunities and risks.