Finance and HR Software Industry: GBTG Lags Behind Peers in Q1 Earnings, Intuit Shines with Strong Results

As the Q1 earnings season comes to a close, it's time to take a closer look at the top and bottom performers in the finance and HR software industry, including Global Business Travel (NYSE:GBTG) and its peers. Organizations are constantly seeking to improve organizational efficiencies, whether it's financial planning, tax management, or payroll. The SaaS-ification of businesses, both large and small, has been a major driver for the growth of finance and HR software. Companies prefer the flexibility of cloud-based, web-browser delivered software paid for on a subscription basis over the hassle and expense of purchasing and managing on-premise enterprise software. The 13 finance and HR software stocks we track reported a satisfactory Q1. As a group, revenues beat analysts' consensus estimates by 1.4%, while next quarter's revenue guidance was 1.2% below. Share prices of the companies have held steady as they are up 1.6% on average since the latest earnings results. However, not all companies performed equally well. Global Business Travel (NYSE:GBTG) reported revenues of $621 million, up 1.8% year on year, but fell short of analysts' expectations by 1.9%. This was a disappointing quarter for the company with full-year EBITDA guidance missing analysts' expectations. The stock is down 12.6% since reporting and currently trades at $6.02. On the other hand, Flywire (NASDAQ:FLYW) reported revenues of $133.5 million, up 17% year on year, outperforming analysts' expectations by 5%. The business had a very strong quarter with an impressive beat of analysts' EBITDA estimates and revenue guidance for next quarter meeting analysts' expectations. The stock is up 7% since reporting and currently trades at $10.75. Dayforce (NYSE:DAY), founded in 1992 as Ceridian and transformed after the 2012 acquisition of Dayforce, reported revenues of $481.8 million, up 11.7% year on year, exceeding analysts' expectations by 1.1%. However, it was a slower quarter as it posted revenue guidance for next quarter missing analysts' expectations significantly and billings in line with analysts' estimates. The stock is down 2.3% since the results and currently trades at $56.87. Intuit (NASDAQ:INTU), created in 1983 by founder Scott Cook, reported revenues of $7.75 billion, up 15.1% year on year, topping analysts' expectations by 2.6%. It was a very strong quarter as it also put up full-year EPS guidance exceeding analysts' expectations and a solid beat of analysts' EBITDA estimates. The stock is up 14.6% since reporting and currently trades at $763.31. Paylocity (NASDAQ:PCTY), founded by payroll software veteran Steve Sarowitz in 1997, reported revenues of $454.5 million, up 13.3% year on year, surpassing analysts' expectations by 2