This Unstoppable Company Has Grown Sales by 1,530% in 5 Years, and Its Stock Is a Screaming Buy
U.S. companies are grappling with a challenging economy as high inflation and rising interest rates are pressuring household finances, which means consumers are spending less money. The knock-on effects mean even companies that serve other businesses are experiencing a slowdown in growth.
Small-business software provider Bill.com (NYSE: BILL) falls into that category, but its slowdown isn't like most others. The company is known for its lightning-quick revenue growth, and it just reported results for its fiscal 2023 full year (ended June 30). Despite the broader economic challenges, its revenue still increased an impressive 65%.
It caps off a remarkable five-year run during which Bill.com grew its revenue 16-fold. But there's a good chance it's not finished, and here's why investors should buy the stock right now.
Source Fool.com
