LiveRamp Holdings (RAMP) Q2 FY2024 earnings: revenue $160 million, up 8.7% on the year

LiveRamp Holdings, Inc. (RAMP) reported revenue of $160 million for Q2 FY2024, the quarter ended 30 September 2023, up 8.7% on the same quarter a year earlier. Net income was $5 million, and diluted earnings per share $0.07. The figures are the company's own, from the 10-Q it filed with the SEC on 8 November 2023.

Revenue$160 millionup 8.7%

Net income$5 million

Diluted EPS$0.07

QuarterQ2 FY2024ended 30 September 2023

The quarter, against the one before and a year earlier

Line	Q2 FY2024	Quarter before	A year earlier	Change on the year
Revenue	160	n/a	n/a	n/a
Cost of revenue	41.2	n/a	n/a	n/a
Gross profit	119	n/a	n/a	n/a
Gross margin	74.2%	n/a	n/a
Research and development	33.7	n/a	n/a	n/a
Operating income	8.2	n/a	n/a	n/a
Operating margin	5.1%	n/a	n/a
Pre-tax income	14.6	n/a	n/a	n/a
Income tax	10.2	n/a	n/a	n/a
Effective tax rate	69.4%	n/a	n/a
Net income	4.9	n/a	n/a	n/a
Net margin	3.0%	n/a	n/a
Diluted EPS	$0.07	n/a	n/a	n/a

$ million except per share.

Free 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 and capital returned

Line	Q2 FY2024	Quarter before	A year earlier	Change on the year
Capital expenditure	0.2	n/a	n/a	n/a
Cash from investing	0.7	n/a	n/a	n/a
Cash from financing	-15.8	n/a	n/a	n/a
Depreciation and amortisation	1.9	n/a	n/a	n/a
Share-based compensation	15.7	n/a	n/a	n/a
Buybacks	15.1	n/a	n/a	n/a
Diluted shares, weighted	68m	n/a	n/a	n/a
Shares outstanding at period end	66m	n/a	n/a	n/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q2 FY2024	Quarter before	A year earlier	Change on the year
Shareholders' equity	922	n/a	n/a	n/a
Operating lease liabilities	36.2	n/a	n/a	n/a
Other liabilities	222	n/a	n/a	n/a
Total liabilities and equity	1,181	n/a	n/a	n/a
Fixed assets	5.6	n/a	n/a	n/a
Goodwill	360	n/a	n/a	n/a
Intangible assets	5.4	n/a	n/a	n/a
Investments	31.9	n/a	n/a	n/a
Cash and equivalents	492	n/a	n/a	n/a
Receivables	175	n/a	n/a	n/a
Other assets	111	n/a	n/a	n/a
Total assets	1,181	n/a	n/a	n/a

Questions

What was LiveRamp Holdings' revenue in Q2 FY2024?

LiveRamp Holdings (RAMP) reported revenue of $160 million for Q2 FY2024, the quarter ended 30 September 2023, up 8.7% on the same quarter a year earlier.

How much did LiveRamp Holdings earn in Q2 FY2024?

Net income for Q2 FY2024 was $5 million, and diluted earnings per share $0.07.

When did LiveRamp Holdings report Q2 FY2024 results?

LiveRamp Holdings filed its 10-Q for the quarter ended 30 September 2023 with the SEC on 8 November 2023.

Quarterly results, the last 12 quarters

	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026	Q4 FY2026 *	Q1 FY2027
Revenue	160	174	172	176	185	195	189	195	200	212	206	214
Cost of revenue	41.2	44.9	47.7	51.7	51.2	55.0	57.9	58.3	59.6	59.7	60.5	63.0
Gross profit	119	129	124	124	134	140	131	137	140	153	146	151
Gross margin	74%	74%	72%	71%	72%	72%	69%	70%	70%	72%	71%	71%
R&D	33.7	37.8	45.2	44.1	43.9	42.7	45.9	39.6	37.0	33.8	37.8	37.1
Operating income	8.2	15.2	-14.3	-5.2	7.5	14.7	-11.5	7.2	21.4	39.5	15.3	20.2
Operating margin	5%	9%	-8%	-3%	4%	8%	-6%	4%	11%	19%	7%	9%
Pre-tax income	14.6	21.8	-9.2	-0.8	11.7	18.7	-6.7	10.9	25.0	42.9	19.3	23.3
Tax rate	69%	39%	n/a	n/a	85%	49%	n/a	29%	-10%	7%	-262%	25%
Net income	4.9	14.0	-5.4	-7.5	1.7	11.2	-6.3	7.7	27.4	39.9	70.9	17.5
Net margin	3%	8%	-3%	-4%	1%	6%	-3%	4%	14%	19%	34%	8%
Diluted EPS	$0.07	$0.21	-$0.08	-$0.11	$0.03	$0.17	-$0.10	$0.12	$0.42	$0.62	$1.12	$0.28
Operating cash flow	n/a	n/a	n/a	-9.3	55.6	n/a	n/a	-15.8	57.4	n/a	n/a	17.0
Capital expenditure	0.2	2.2	1.8	0.2	0.2	0.3	0.3	0.3	0.6	0.2	0.3	0.7
Free cash flow	n/a	n/a	n/a	-9.6	55.4	n/a	n/a	-16.2	56.8	n/a	n/a	16.3
Buybacks	15.1	10.0	15.2	15.8	49.9	10.1	25.4	29.9	49.9	39.2	75.6	17.6
Shares outstanding	66m	66m	66m	67m	65m	66m	65m	66m	64m	63m	60m	61m
Filing	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free 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. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 30 September 2023, filed 8 November 2023, accession 0000733269-23-000039: the filing on EDGAR. All of LiveRamp Holdings, Inc.'s filings: EDGAR company page.

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