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LiveRamp Holdings (RAMP) FY2023 results: revenue $597 million, up 12.8% on the year

LiveRamp Holdings, Inc. (RAMP) reported revenue of $597 million for fiscal 2023, the year ended 31 March 2023, up 12.8% on the year before. Net income was -$119 million, and diluted earnings per share $-1.79. The figures are the company's own, from the 10-K it filed with the SEC on 24 May 2023.

Revenue
$597 million
+12.8% on the year
FY2016FY2023
Operating margin
-21.1%
-12.4% a year earlier
FY2016FY2023
Net income
-$119 million
FY2016FY2023
Diluted EPS
-$1.79
FY2016FY2023

this yearthe year beforeHover a bar for its figure.

The year in brief

The four quarters: Q1 FY2023 · Q2 FY2023 · Q3 FY2023 · Q4 FY2023

Income statement (profit and loss)

$ millionFY2023FY2022FY2021On the yearLast 8 years
Revenue597529443+12.8%
Cost of revenue170147144+15.4%
Gross profit426381299+11.9%
Gross margin71.5%72.1%67.5%
Research and development189158135+19.8%
Operating income-126-65.5-121
Operating margin-21.1%-12.4%-27.2%
Pre-tax income-119-35.1-121
Income tax5.3-1.2-30.5
Net income-119-33.8-90.3
Net margin-19.9%-6.4%-20.4%
Diluted EPS-$1.79-$0.50-$1.36
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionFY2023FY2022FY2021On the yearLast 8 years
Operating cash flow39.878.1-20.6-49.0%
Capital expenditure4.74.52.2+4.4%
Free cash flow35.173.6-22.7-52.2%
Free cash flow margin5.9%13.9%-5.1%
Cash from investing-29.07.6-87.9
Cash from financing-146-67.0-43.5
Depreciation and amortisation20.824.227.7-14.3%
Share-based compensation12687.3112+44.2%
Buybacks15058.642.3+155.9%
Diluted shares, weighted66m68m66m-2.7%

Balance sheet

$ millionFY2023FY2022FY2021On the yearLast 8 years
Shareholders' equity9261,0631,081-12.9%
Debt0.00.00.0
Operating lease liabilities37.252.24.2-28.7%
Other liabilities209218203-4.1%
Total liabilities and equity1,1731,3341,288-12.1%
Fixed assets7.111.512.0-38.6%
Goodwill363364357-0.2%
Intangible assets9.926.739.7-63.1%
Investments32.87.5n/a+337.4%
Cash and equivalents464600573-22.6%
Receivables157148114+6.1%
Other assets138176192-21.4%
Total assets1,1731,3341,288-12.1%

10-K for the year ended 31 March 2023, filed 24 May 2023: the filing.