everyone. afternoon, Good Marek. Thanks,
out outset, delighted the forward achieve to at full and is potential. mapping today. I'm say high what me Let a be trajectory colleagues SeaChange’s to Working collaborating my to attracted I exciting me an growth with caliber with SeaChange. team here to look
of our quarter We XXXX quarter ended with the $XX.X excluding million We quarter of booked entered backlog maintenance. Now $XX.X in third new total review results. million during the I'll of million. quarter third legacy with and a $XX.X backlog, the fiscal business
total with fiscal far million. revenue significant the we've in deals more $XX you XX deals $XX value million in we than that late more So valued of includes at This year, seven about August. total than told this Framework closed
that in increase additional continue we backlog and Given this engagements this year, from fiscal revenue our contribute as will that predictable. more deals of grow and revenue close multiple become backlog will Framework remainder years, recurring expect we the our Framework over to
increase this higher the XX% Total quarter engagements to in in increase revenue in the to $XX.X quarter. quarter XX% of of at or revenue $XX.X of third XX% in the revenue delivered compared million during of $XX.X Total The or compared year Framework ago the the total third in quarter third $X.X million year a driven million million, quarter revenue. was total the by that were year. was fiscal revenue prior was product
the services revenue to last or by primarily driven Framework was third revenue $X third quarter quarter to product million was year. total related compared Total million licenses in fiscal of in to total arrangements. of customers the of increase The revenue XX% in software or delivered revenue $XX.X XX%
from As expected, legacy products. services declines related at revenue continue customers we both support to and to professional see
some customers to new This quarter, we legacy arrangements. successful seen have transitions of Framework
complete to our services transition In we've as quarter year. our in professional legacy continued addition, is to transition This to projects. professional fourth expected customer completed our be this engineering organization organization we services
in and in million prior was to quarter, and $XX.X Of the third million the this of million represented the total total compared the XX% to respectively. in quarter. revenue year professional year million in the services was XX% total services of $XX.X maintenance $X.X support customers $X.X quarter international from year and or revenue million quarter, revenue million was $X.X Revenue $X.X and compared prior
XX% our than in comprised of in fiscal revenue. the quarter of customers last whereas XX% each Two more than third three our revenue each this customers year, more year, quarter comprised of same total total the
fiscal last quarter revenue This in product XX% increase quarter in prior Third in quarter. significant compared driven to by gross same quarter the fiscal XX% was the year. year to compared this the the increase XXXX was margin
to to overall from decline in primarily the year revenue costs Product with XX% in in we reducing. gross gross in compared margin mentioned XX% this prior process third quarter, are fixed compared the quarter third XX% have the Service the earlier, was prior service year. the as XX% that was in in margin quarter I resulting of the year
professional At engagements service complete. this substantially legacy are point,
end of fixed we’ve actions reduced professional in completed support this services fiscal by be result, costs the both expect functions and year. these and to a As
cost third of compared the in operating to of million reflects elimination $XX.X XXXX continued The nonessential prior third-party million were and quarter the throughout costs costs the year. to internal decline of fiscal related Non-GAAP the of in the $XX.X same the organization. initiatives expenses reduction savings approximately quarter
us operating progress efficient to and this profitability. our fact, non-GAAP be to more enabled In excellent front on achieve
carrying have service year arrangements. complete this resources we been that support fiscal to professional and recall You'll legacy
they once completed end of projects We to by will are costs to continue legacy year. reduce related these this fiscal the
cost to over of have that this savings, All we translate done date. so we're year pleased our our reductions into of million $XX efforts with
generated $X.X to For This basic per $X.X non-GAAP loss we million million operating share compares income the in share. of non-GAAP fully of third $X.XX which income, diluted translates $X.XX fiscal in operating net XXXX. non-GAAP per to or quarter, of quarter the
income of net loss and also $X.XX in the $X.X basic quarter quarter or compared third net diluted We generated for fiscal a the per $X.X XXXX. share million of of million to
decrease approximately of as Turning primarily deals third used a of in fiscal debt. funds revenue million, during to $X.X period. equivalents reflects related quarter cash the balance changes Cash no to billings of of for the result our quarter timing million the We and and Framework $XX.X sheet. the XXXX third executed unbilled operations ended receivable our cash accounts result with of of and in
today, expect expectations year now third fiscal noted, our while we ending And are providing the As that accelerate we we Yossi we'll to during with the that higher the beginning fully are for XXXX were of fiscal our guidance balance the our at believe that not rebuild of than we cash period. end growth where quarter. cash we
during the revenue driven by post of renewal and revenue $X.X as maintenance recognized primarily the of timing of January quarter. XXXX of support XX, from million Deferred warranty and decreased $XX.X agreements million
XX of at of this improvement the year, fiscal days third DSO a year. XX of to receivables excluding the quarter in unbilled quarter last compared days the continued third was fiscal end
$XX.X in year. of timing increase last quarter were quarter third the fiscal of year receivables result fiscal deals third deals. to the the $X.X our million Framework Our due from the unbilled this compared terms in to payment The billings of in is million those
very leading pleased our third increase are to with product backlog and We in customer quarter. revenue wins the
of Framework mentioned, the remainder fiscal this an Yossi leading we As trend to year. expect this continue increase to transactions in in
new and projections. with our go-to-market customers in Positive Framework existing confidence revenue provides momentum our with strategy us added
$XX that annual flow half We on of to fiscal are expect profitability of today reiterating non-GAAP million, reach a sustain our and this $XX operating in second positive guidance to basis cash we and million the total revenue year.
turn me it comments. Yossi for let that, Thank to closing you. With back
