AppFolio revenue grew in 2018 but profit falls short

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AppFolio revenue grew in 2018 but profit falls short

By Staff Report / Thursday, February 28th, 2019 / Comments Off on AppFolio revenue grew in 2018 but profit falls short

Goleta property management software firm AppFolio grew revenues by nearly a third in 2018, the company reported Feb. 28, delivering just shy of $20 million in net income, or 56 cents per diluted share. The company’s fourth quarter results beat analyst expectations for revenue and the company’s own guidance at more than $50 million, but…

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