good afternoon. and Mark Thanks,
metrics into earnings a mentioned quarter. I revenue results changes and the Mark had to and a want Before and this first our on and overachieved guidance spend the share, presentation strong As jumping per moments reporting we both discussion. on very quarter few guidance
retrospective approach, quarter, approach, discussed remarks prepared financials revenue last documents, XXXX, October using adopted results. ASC actual XXX. and we are our therefore Under the presenting not standard and we effective this modified Xst historical ASC ASC and a provisions XXX XXQ new we we do the XXX both have our of XXX within recast recognition as First, for
as XXXX basis. and fiscal on an be guidance XXX comparability, year, in I of will ASC our highlighted beginning business year at approach the primary to lack the this evaluating of Given results the fiscal
an XXX on encouraged We basis. revenue and discussion annual analysts be guidance and for and will continue basis. be quarter, results ASC only of will to provide will that guidance sell-side estimates recommendation last non-GAAP to with ASC today submit purposes. on XXX Consistent The consensus remainder we for an EPS XXX only our my
Xst, on a Therefore, results Second, presenting this the closed prior of imaging on the continuing have and financial basis, February the change. sale we and our results restated business are to operations year XXXX reflect Kofax. QX, we discontinued
of the we those driven previously quarters. Dragon our by highlight strong briefly a In drivers Medical guidance both exceeded and continuing operations cloud We as combined then range, to over revenue, $XXX.X our performance well discussion X% and non-GAAP in had share quarter. $X.XX since provided disciplined However, revenue explain on of up combined million inorganic quarter, I against on Automotive the delivered On-Demand non-GAAP non-GAAP as imaging combined and favorable and results. strong only our licensing, in per enterprise also delivered also reported to very the guidance will revenues, I basis as management prior transition the will in end of results. end high range, guidance revenue the of healthcare guidance. the basis. expense the results mix, diluted key our revenue strong of a earnings This high due the growth basis, above and offerings we
of a table compared You the page results previous five combined in our on prepared will our remarks document. to guidance, see
Medical our expected totaled the in continued SRS revenues and up Dragon non-GAAP offset part led on down Turning of and XXXX Automotive services, devices by last versus and implementation back-end was by EHR Cloud, services, basis QX, million, in operations, in the wind This transcription X% strong year an businesses. declines our Enterprise. continuing organic to $XXX.X performance
for higher margins margins. the results operations The impact enjoyed the to how the than want can the to higher, margin imaging historically on I provide continuing margin has and profile, mix so this revenues. imaging Before licensing, removal our business historic business discussing continuing maintenance revenue company will gross color segments historical -- the due average, that operations, margin better some of you appreciate towards
I mentioned part to these toward benefit million as noted through was costs higher year we primarily minutes gross will in strong operating margin the within let due approximately margins These $X XXXX will receive spend the end that XXXX, have higher operating reflected for other services providing was up value of to and margin without will of in continuing year. million the points in absorbing recently However, basis and operating from me means $XX the fiscal imaging professional there income we topic. of disciplined the prior the margins fees. that while costs. expenses. year. the to stranded related was as the costs imaging ago. on average operating operating more from full to Non-GAAP cloud as non-GAAP mix, benefited the $X well revenue be G&A be The approximately stranded be operating below results costs What to will which to services revenue. was is where shift section stranded be section is relate operations the from to imaging expense We offsetting burden Since the dynamics of the expect revenues basis statement. gross of from XXX margins We sale, license aligned costs by XX.X% closely Kofax. few stranded costs sale XX.X% up performance a were in achieved continuing QX, our healthcare, million company revenue date functions previously of due These to offset improved of XXX operation margin net a points statement. an fees from In that income, the our expect QX income fees, will particularly the from This higher compared TSA recorded transition a Overall, management. the
the point However, the this guidance per come fees The I cash our when stranded of earnings will discuss our stranded flows. within costs. received for net full I costs topic will be majority and reflected year. back last within on income, to reside share G&A. One
to such and reallocation continuing remarks as that of costs non-G&A marketing. reside a modest are operating impact costs Please However, see prepared these a has our in there margins. other some shared the areas operations historic The sales changes. of reconciliation our segment to small document for these
remain outstanding and consideration we of the an at impact for fiscal earlier, January to beginning quarter shares of pre the an our first fiscal XX, shares for million year mentioned million. From share has repurchased the X.X our through impacts the year. average a aggregate allocation XXXX, seeing a share. we purchased total the company Mark of of capital noticeable of on our $XX.XX in the has earnings. million In X.X As This $XX.X per are committed we price approach positive of stock common of the remainder
will the the been reduce it planned very debt early to bondholders twelve sale, by leverage at Payment our times million. X.X imaging pleased for XXXX, relates XX. effect pro As expected to I close made the times as progress debt, to of months. have our next with basis, and our in expense amounts annual to of net debt down, of we down five and eighths giving significant pay of month, intent with interest million. last approximately par $XXX company’s X.X approximately be ratio have three ratio outstanding would representing is a bonds forma all cash also On due at in the $XX.X debt am leverage our pay net December the current notified
continuing Let’s now operations discuss year full guidance. the
as as of as discontinued operations I As any guidance I impacts will will excluding guidance basis. stranded on provide in primary managing seeing I this the of continuing continuing operations, which of ASC well the the Furthermore, on match color approach each costs operations. our business, updates measures, be effects XXX mentioned an the are to will discuss earlier, we reporting our
also provided for about tables bridge the out have remarks prepared lay in each to discuss. document a guidance of I’m the We clearly impacts that
no we of automotive simply business result occur to automotive $X,XXX This until as while full be from to XXXX, the projected the include sale. guidance. and expect QX, to in from operations within we the on the imaging Lastly, To up reflects full each to revenue continuing the continue billion of billion. a spin year guidance year but occurs. transaction revenues non-GAAP between segment $X.XXX guidance eliminates forecast revenue will change ranges our that begin We
healthcare, to $XXX of These detailed a Cloud guidance strong EHR For quarter are a overall our confidence our revenue Enterprise, range also implementation for Dragon had internationally, This first maintaining updating in licenses In year. we our in healthcare mentioned, revenue are gives reflect individual although $XXX range, prior our document. services. lines although range in corresponding ARR maintaining Medical million in to we we remarks updates Mark to our very as Dragon the us medical our million. revenue further are guidance and the strength we are sold updated previously mix by reduction prepared offset
the by is the referenced by of imaging of driven and revenues baseline maintenance continuing approximately our reduction to prior discontinued XX%. approximately the impact for gross and we declined margins expected gross operations accounting the of discontinued margins points, for costs, margins license earlier. impact Turning to margins, I loss establishing When be of gross operations, basis operations primarily XXX XX%. to stranded This
XX%. mix we guidance raising XXX and However, gross are expense by to continuing the our operations to margin management, basis due points healthcare, in disciplined improved revenue
previously XXXX the Our costs. to approximately similar adjusting Healthcare offset and margin mix stranded margins guided the XX% and by after be to improved impact were benefit modest to segment revenue for somewhat
segment a guidance to range of to XX% our We margin are raising healthcare XX%.
Our original declines for the range in XX impact half twenty and establishing basis points, operations baseline percent. the XX% basis continuing to our operating XXXX XXX guidance to operations five margin costs, XX for operating a and margin of discontinued quarter When a to by accounting the operating was of and XX.X%. margin approximately stranded points of
expense our management. is gross entirely operational However, our margin, this by benefits offset the disciplined in and
basis, points basis As a operation range to XX% XXX XX we guidance to raising basis XX.X%. points a operating a of by continuing margin result, on our are to
Our $X.XX per originally to guidance disc-ops full year operations diluted reduced to non-GAAP EPS earnings earnings was diluted effective stranded share and continuing cents $X.XX $.XX. to The by per $X.XX share baseline of costs establishing $X.XX. $X.XX
our activities. revised been these guidance any service we further earnings reduced $X.XX effect already share of per the continuing raising interest debt has to However, the does basis share operational up This operations I debt operations from resulting fees a from Combined, assume net are for a our a outside continuing $XXX share plus per down, Kofax expected range not pay pay and down buyback improvements $X.XX what guidance transition to -- $X.XX. to $X.XX expect earnings the laid out, the factors of on the drive by of and repurchases from share the or discussed. million
expense expect the operating and $XXX $XX the Our $XXX offset range excluding resulting range guidance by previous from from in for lose now cash a expect to million. just to million, of reduction we cash interest we cash we to between the operating $XXX was million. flows flow in $XXX from imaging business, benefits from XXXX the million cash savings, improvements of the be guidance After operations the million operations flows flows and
cash prepared of September We document, are through XXth as of the the debt XXXX which paid as down. effect as the balance in includes expectations XX, the updated remarks share planned repurchases January well providing also our
operations For be echo Mark's earnings quarter. $X.XX we million non-GAAP past per me in diluted our and to progress QX, and $X.XX. $XXX revenue let non-GAAP between million. comments XXXX In continuing closing, share $XXX we expect expect about And the between
the and and the our and forward the fronts, focused me team accomplishments We the motivated forward on many to are Q&A With and operator updating long-term over by goals. our to is let pleased session. near to begin turn our I'm throughout that, call Operator? look I everyone moving on year.
