Black Knight raises its long-term growth forecast as business expands

Black Knight not only again increased its full year 2021 revenue and earnings outlook, it also upped its long-term revenue growth guidance for the first time since it became publicly traded in 2015.

The company earned $53.4 million in the third quarter, up from $39.7 million in the second quarter but well below the $127.8 million recorded in the third quarter 2020.

“The underlying fundamentals of our business remain very strong and based on the continued momentum of our transformation, we are updating our long-term revenue growth guidance to 7% to 9%, an increase from our prior view of 6% to 8% that was in place since our initial public offering 6 years ago,” Anthony Jabbour, chairman and CEO, said in a press release.

By segment, Black Knight’s increased growth target is in the mid-single-digits for its servicing technology, double-digits from its origination business, and mid-single-digits or greater for data

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In the upcoming years, we count on to see the widespread deployment of ML in areas that will have a far greater influence on our every day lives, corresponding to assisted driving, industrial automation, surveillance, and natural language processing. LOS ALAMITOS, Calif., 10 December 2019– IEEE Computer Society tech consultants unveil their annual predictions for the means forward for tech, presenting what they consider would be the most generally adopted technology trends in 2020. Six of the highest 12 technology predictions have been developed into peer-reviewed articles published in Computer magazine’s … Read More

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