Thanks, Shawn.
XX% for or to about year. net of were for quarter prior compared the $X the at to Shawn $X.X here consolidated the Looking $X.X fourth for slide our as the million indicated versus million revenues fourth year year, XXXX up our income last quarter million fiscal
XX% were year. revenues were By division up Lancaster's period XX% RTP to revenues to over $X.X million, and XX% million $X.X revenues were same to last $X.X up Buffalo's up the million
quarter gross said gross up about and $X.X XXXX million, a the the revenues increased XX.X% profit million XX.X% year. XX.X% compared service year fourth were million related software that. up XX% or were actually The gross revenues representing Shawn -- or consolidated to and the $X.X last in software $XXX,XXX margin software quarter XX% to As $XXX,XXX same consulting sorry on consulting $XXX,XXX or margin in fiscal
change. which the compared of in offset approximately of year by $XXX,XXX. accounted increased all due the the increase contract growth reduction approximately by staff The majority wages to mainly prior about for in a to $XXX,XXX direct Cost was sales $XXX,XXX, of of expenses
fiscal to percentage fourth revenue of the were a total to slightly in sales XX.X% XXXX. cost As total revenue of quarter revenues, of down XX.X% compared of of
of of stock $X.X were and or revenue the expenses an expense, increased in compensation [ph] increase quarter revenue. fourth the million was XXXX. in compared fiscal SG&A of fourth recruiting the the SG&A of expense in XX.X% increase In XX.X% increase $XXX,XXX headcount million to in XX.X% $X.X and approximately in quarter or fees The Lancaster increase Buffalo. year or XXXX, primarily of result of
increases accounting saw consulting and fees. in also We
quarter Our research X.X% R&D costs capitalized. the This X.X% this $XXXXXX revenue X.X% or to a spend of prior and -- fiscal Overall, the were was the in by expensed expense for prior we of increased year. million. or or by $XXX,XXX of the revenue $XXX,XXX the of XXXX to quarter revenue in of was of year. The XX fourth XXX total of representing our XX.X%, most fourth increased is $XXX,XXX compared $X.XX the quarter recent $XXX,XXX development and compared portion or
Income from X.X XXXX or operations fiscal year of to compared the the year-ago fourth for in up million, quarter was $XX,XXX million quarter. $X.X $X
XXXX compared of to rate of year Our $XXX,XXX provision of income of about year for tax benefit effective prior or the benefit X.X% tax $XX,XXX quarter the was fiscal expense XX.X%. fourth taxes in a quarter effective for rate of an income and
option stock the is tax income option for of provision deductions by in mainly and change stock effect compensation from to attributable ease. sales The exercises
of of unrealized the of tax in price $X.X in advantage months increase million. stock our which compensation employees to deductions created number the our a fiscal of over With packages six the portion take elected during year, stock corporate approximately to last quarter of incentive their their profits
ago. to $X.XX a a $X.X X% income to compared and ago up increased per the diluted On in net year compared million year was a share to quarter, on XXXX basis, the fourth was per quarter XX.X% this period. $XXX,XXX year a $X.X by Net share -- recent or compared fiscal income in quarter for EBITDA of million $X.XX million the $X.X percentage prior million in most to year about quarter. that $X.X
or Turning compared the were $X.X XXXX. an full million. XX% up million year to the were Net financial to division, XX.X% next revenues to $XX million XX million; increase $XX.X and up of to By revenues million to results. up full fiscal to for Carolina up for Lancaster -- XX.X%, were revenues Buffalo RTP fiscal North the year's XXXX in of were $XX.X million $X.X $X.X revenues XX% slide
Gross or $X.X for -- year million were $XX.X $X.X were -- services consolidated consulting XX% million full from XX up revenues software-related fiscal $X.X year or million increased $XX.X and or million. XXXX up XX%. million Our full the profit up to revenues XX.X% consolidated
fiscal increased XX.X% XXXX for year profit XX.X% for fiscal from margin year to XXXX. Gross also million
the XX% $XX.X primarily fiscal up year, and to affected recruiting, the year were expenses over salaries, staffing prior increased benefit-related SG&A due the and million levels for costs.
up fiscal increased as $XX.X fiscal accounting, auditing million, and as fees. also expenses consulting, for from for year XXXX million sales increased of was revenues well commissions as increased XXXX. SG&A director percentage a We $XX.X revenues saw from year on
R&D with X% million XXXX, we to compared for -- expense $X.X revenue revenue compared of X% or for million or year and of XXXX. fiscal $X.X expected in year was $X.X million the line fiscal
million, tax year effective of for of $X.X The XX.X% was XX.X% compared effective XXXX an prior million provision to rate year. provision a rate an for $X the fiscal about in
will rate than to be in was stock the discussed we factors. based anticipated XXXX, rate on year and may We lower our effective activity on option deductions from fiscal exercises option for XXXX but effective XX% earlier. range the see depending Our XX% anticipate other received fluctuations
reminder, a rates one-time fiscal $X.X in to of of as taxes. the we the in reassessment the quarter million benefit tax second the Also recorded deferred tax XXXX our change a due and
Lastly, $X.X net was XXXX $X.XX to benefit our XXXX discussed. as the million $X.X in result or just one-time in in share for year-over-year $X.XX fiscal is tax a line tax the -- diluted per we fiscal compared EPS of share The year and that or XXXX. million decrease net income in and primarily income per increase or diluted
to of slide, revenue XXXX seasonality revenue XXXX, on quarterly basis quarter. And next the to Turning shows our fiscal this our illustrating the business. for slide the a by review year we
strongest Our the coincides of decrease with the fourth quarter in the the clients that with months. our the quarter typically slowdown during revenue summer in purchasing third is quarter
exceeded was quarter our strongest Our year fourth and fourth first revenues. our actually have we quarter this quarter seen
income. operations Consolidated
fourth being next both and the we year. by which with illustrates of the of the consistent quarters year-over-year slide, the and typically through record the third the lightest this On increases present sequentially quarter income track first quarter
held As year for quarterly see patterns operations of years you fiscal for from XXXX. have can and the income including quarterly true revenues largely a number
million tends impact second of the similar pattern it the the purple on XXXX, fiscal of income quarter third presentation On the sort being difference. a quarter tax $X.X the the typically in skew light as benefit that deferred strongest. we'll section We slide, year without with of of to the the see highlighting isolated the net next screen
-- expected, followed per income. earnings per tracking as the at earnings consolidated with same net diluted and Looking share pattern track with share,
and ward upper covers typically the slide global We're as EBITDA -- patterns with slide Next quarters. the expected illustrates revenue seasonal and This our true by seasonality and upward region. hold XX% revenues business between a revenue. and -- both America majority the Europe our year in total approximately Asia North XXXX the of each represented majority for of though our fiscal are XX%
payout. outflows and our left view with XXXX for the fiscal a Approximately share, shareholders and in of fiscal of dividends our first This -- our over $X.X of cash then on cash to the acquisitions million bottom cash quarter last slide illustrate bars year the per impact to fiscal of a the $X.XX returning dividend dividend the cash million five Beginning the million and for approximately Board consistent XXXX quarterly quarter quarterly $XXX blue years. to the position $XXX payment million our increased on year provides $X the beginning basis. side, of on a XXXX,
not while very growth We've to represent The for healthy used invested red believe sheet. a balance to the cash time spend maintained and been five through At on the borrow what to able to been we've to future the four acquisitions balance to for We've years increase our bars We've dividends a is shareholders. able million acquisitions. needed the maintaining company. we last cash $XX of continually return same over nearly acquisitions. value
Turning to slide. the next
some statistics. sheet the Just balance of
As to compared year. million XX% our $X.X prior which cash is balance was XXXX, of $XX.X up August million, the
clearly as ago than prudent Our flow result of a year balance cash a of sheet power, our increased strong is allocation today generation capital. earnings and
to it I'll back now you Shawn. turn
