- Adjusted EBITDA was $16.1 million or 20.7% of revenues, slightly down from 21.5% in the prior year.
- Adjusted gross margin improved slightly to 42.8% from 42.3% in the prior quarter.
- Adjusted net income was $10.7 million or $0.38 per share, at the midpoint of guidance.
- GAAP net income was $1.7 million or $0.06 per share, impacted by $7.6 million in noncash stock compensation and acquisition-related expenses.
- Global S&BT segment revenues increased 5%, driven by strong Gen AI consulting and implementation growth, offset partially by weakness in OneStream.
- Oracle Solutions segment revenues declined 7.5% due to delayed replacement of a large post go-live engagement.
- SAP Solutions segment revenues rose 11%, driven by implementation services linked to prior software sales.
- Total revenues before reimbursements were $77.6 million, a 2% increase over the prior year, exceeding the high end of guidance.
Related items and other data are not available for this feed item.
Dafinchi