December 6, 2022
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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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