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Toast generated a Q2 profit, with revenue rising 27% to $1.24B and ARR increasing 29% to $1.5B.
Toast, a cloud-based restaurant management software company, unexpectedly turned a profit in Q2 with revenue rising 27% to $1.24B.
Subscription revenue climbed 37% to $166M, and financial technology revenue increased 27%.
Annual recurring revenue (ARR) rose 29% to $1.5B, and gross payment volume grew 26% to $40.5B.
Despite economic concerns, Toast's stock may be an attractive investment due to its growth prospects.
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Toast generó una ganancia del segundo trimestre, con un aumento de los ingresos del 27% a $ 1.24B y ARR aumentando un 29% a $ 1.5B.