and good afternoon, Thanks, everyone. Chad,
just million excluding ended quarter and ended Framework $X Looking We the months million second Framework with with booked legacy $XX.X backlog, and July maintenance quarter second of We fiscal global quarter XXXX. the was in at new last business under the $XX.X financial in support. for the our QX XXst, to in results entered for of revenue six million. primarily services fiscal the $X of XXXX impact was pandemic. QX $XX.X revenue decrease year-over-year lower The see million compared to of million due as product QX backlog in continue the year. to period and Total revenue and we
were year. with compared XXXX services ended the one we challenged we which signed averaged both eight to deal QX QX pandemic. decreased deals $XX.X was XX% XX% in fiscal customers the decrease revenue million, Service million for and in due to year this revenue year last QX, from to XX% for total of per Again, XX% mentioned, compares in July significantly the to six-month six global period was six the revenue was $XX revenue Yossi this period. of $XX.X revenue for to $X.X services total As and second the the Chad revenue year. year of in in ago million quarter new and same quarter new in decrease both XX% million in revenue product primarily or XXst, deals same compared related and for lower of $X.X from to total revenue million ago revenue XXXX period. of to million QX fiscal period in of or compared signed of period last Framework revenue period. Total of compared million and XX% of the to million Product professional our revenue QX Framework $XX.X same year-over-year products. the revenue XXXX year due support $X.X the revenue and QX service as or XX% last same Product was legacy fiscal QX, $X.X or year, ago or first months to the in revenue revenue was lower The or total of year
QX, related for $X.X total is both of expectations professional services from to fiscal as our and on year Revenue same transition consistent million transitioned customers with legacy lower new was calls, the period. organization decrease as our As in we've QX due was first was in attributable in customer are we primarily organization period markets was our ago U.S. total period fiscal for million compares in in prior products. service was arrangements Revenue markets of ago these for decrease million $X.X of XX% revenue, XX% to which Revenue to market customers same XX% for projects. compares and of was or $X.X the was both support or our declines $X million ago revenue six-month Framework same revenue a $X.X from period. from completed revenue mentioned XXXX which Service total year. the first the or markets million U.S. due and engineering to in $XX.X the total year of international year compared of six international total our in to to bookings, million the period in professional or year XX% to Revenue months total or U.S. XXXX first XX% or million professional fiscal to same period. the in of reduction was months revenue total or period. the $X.X from market our XX% revenue legacy international of XX% million services or COVID-XX total revenue total XX% The in fiscal to fiscal of in XXXX services million of million which ago same XXXX $X.X revenue, revenue last down we six-month for $XX.X The from the $XX.X from or pandemic. of down which revenue legacy or revenue of revenue XX% six or our million the total from XX% revenue, revenue of the XXXX revenue,
XXXX, concentration, fiscal accounted QX for accounted of in customers of revenue XX% customer last of the for and XX% two total to we quarter of XX% revenue. total had our terms of that customers two XX% In second and that compared our for year
XXXX $X.X of in at of Looking of gross period. period. ago the one total QX, XXXX to Framework margin million revenue in for fiscal of deal year closing total Gross or during million result XX% $XX.X XX% same revenue was margins. from fiscal or our The only XX% the second profit quarter a the decreased
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savings organization. decreased XXXX the operating QX internal cost the decrease elimination to costs reflects $X.X of XX% for related third-party non-GAAP our quarter million to throughout second of expenses, reduction fiscal year. our at continued Looking the expenses and $X.X of last initiatives nonessential million in costs The of from
to strategy the $XXX,XXX with These for six decrease XXXX the decreased GAAP operations QX I in expenses XXXX of $X.X reflects $XX.X to actions previously, the in described. further from business response the ones we measures our As same million year ago reduce ago million loss period. from first reduction operating period. operations additional fiscal totaled to fiscal year of and late we've million expenses communicated $XX.X align in XX% just months in our in to the The loss we operating from the cost same optimization a year. our pandemic Non-GAAP current to April, establishing cost COVID-XX last included addition market conditions. made better measures shifted for
As quarter of year million X.X% the in ago from from operations XXXX GAAP the negative in ago percentage XXXX months to of total first $X.X period. which loss of GAAP was for fiscal compares second totaled year revenue, the same for period. million six the $XX.X loss fiscal XXX%, a from negative same operations
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the total six for months negative XXX% QX operations of in operations fiscal non-GAAP As to compared last share the loss year. of a percentage loss million, a revenue, loss $XX.X from was X% XXXX a or totaled of to year of a $X.X per $X.XX from $X.XX per first in Non-GAAP ago million basic of or period. same loss compared of loss basic share
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total net of for the compared basic XXXX in million months last loss in QX non-GAAP loss fiscal or of negative Non-GAAP a of X% per first of to a million share $XX last of percentage a year. loss $X.XX XX% basic loss period $X.X revenue, of compared per was share six $X.XX year. a same As the or totaled to net loss
the in negative negative revenue, total of percentage a net was XX% same compared to XX% year. last non-GAAP loss As period
balance cash $X.X first the marketable equivalents million the the at to which is in the end sheet. with of amount securities, Turning and the had ended we and We same quarter quarter. cash
end for million. revenue which compared that Unbilled current quarters. million the portion. revenue. end XXX primarily the of But protection was $X.X at legacy most the DSO approximately received and to of lower-than-expected of balance the the of most of Deferred decrease transition days deferred of of $XX million is the receive year $X.X the remained the and in and were quarter, million of Act, were in be business to new in the end compared a million, revenue CARES quarter, the relatively a compares last $X.X the qualify and our receivables excluding able we the the year. of XXXX. in second at at point, end XX accounted expect $XX.X to number the compared year. to of first reduce and for in days fiscal quarter at model the We was year-over-year the of quarter to XXX Framework QX that the do was expect The due end of lower-than-expected business term and payroll QX quarter, loan the a prior last forgiveness days to last to second increase million due to the measurement to the on Unbilled the million was result until loan at sheet, program, The receivables long DSOs and that as last DSOs from last from in end quarter, in part prior period. increase decrease and specifically in future part the of As $XX.X quarter revenue QX receivables unbilled reflected to eligible loan revenue result and the both $X.X we prior at the quarter the stable is QX of year. from
liquidity to the In our last related but in measures than the of implemented optimized are engagement, terms from and effects of to to us on first in ensure from and expected, financial cost growth half operational on COVID-XX continue execute have our our Based positioned a the expect the emerges completes activities year. we financial compared longer-lasting increase and generate have resources of month. have the pandemic SeaChange we discussions since decisive March my structure, position. of of over and enhanced we to initially This sales the opportunities, and customer strong the we pipeline position an been second guidance, year the summary. seeing current half summary, In
analysis more of Yossi? to we our a earnings For release, afternoon. which financial today's to refer tomorrow plan detailed well please results, file as as our XX-Q,
