AppFolio (NASDAQ: APPF), a provider of cloud-based business software that is used by property managers and law firms, reported its third-quarter results on Monday, Nov. 6. The company's customer bases once again showed double-digit growth. When combined with increased usage of its Value+ services, the company's overall revenue growth reached 34%. The strong top-line growth enabled AppFolio to eke out a small profit for the third quarter in a row.
Let's take a closer look at AppFolio's results to get a better sense of where this business is headed.
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Source: Fool.com