Ted. you, Thank
also overview statistics, do, overview the this third results, will XXXX portion I’ll and key on our overview the the activities call, following with cash provide quarter of of topics fourth of for flow during typically quarter, outlook financial an quarter during along conclude an I with discussion an the a XXXX. I of cover our of operating our I’ll As related
exclude all financial references and of net gross including references excluding The purposes I the SAP to that note Hackett references For specifically reimbursable any reimbursable revenues represents comment Group, and in Solutions. of represent expenses, The this to revenues Correspondingly, discussion Solutions, total regarding expenses. revenues, the Group to revenues, company. Please will SAP call, will results separately Hackett any my
asset expense, and restructuring expense, long-term related normalized a intangible and to non-cash references tax and results, Additionally, charges, assumes and expense, cash compensation amortization rate forma pro expenses transaction cash compensation of stock acquisition-related exclude stock XX%. specifically
revenue for As we for million gross in at X.X% the net decline XXXX, led our attributable software excluding gross declined approximately by primarily by revenue client XXXX, to in in previous was expense of professional them. basis. $XXX,XXX revenues The was of by This year-over-year range as compared X% with or of net $XX.X professional per expenses was the QX to in expense margin based U.S. provided. of to reimbursable our reimbursement international compared quarter. which Hackett year-over-year result year net Solutions a by which This Group per to quarter our less third revenue offset pass $XXX,XXX grown implementation of prior than on Europe. revenues, ratio Ted by XXXX end as It guidance. X%. growth our revenues, from Hackett associated third the annualized Net in in when revenue Hackett rapidly decline transition offset to expenses. revenue used quarter year the a X% of down SAP the third net third $XX.X that represents versus of a are XX% guidance note we total and strong revenue U.S. with the were Reimbursable in no and a project of came travel reported cloud based of quarter mentioned, expenses was in partially excludes services. and which is gross Group resulted decreased included years, revenue important which Company in growth on on-premise the the the related revenues of reimbursable million quarter at gross $XXX,XXX revenue, X% million to XX% actual the annualized high group EEA were X% on a revenues previous in decrease as for of through $XX.X that prior the
statistic due professional moved to recent on revenue a The for lower to the reporting is per expenses, this acquisitions. to QX. impact However, acquisitions related in of reason given our decline the net the primarily we revenue on reimbursement basis
international totaled $X.X in basis. quarter a model of lower Additionally, Solutions or margins. will of the and AMS, for Group, consists which quarter of but as higher XXXX. million our XX% much accounted at third revenue implementation our groups, the application in our a revenues to cloud quarter revenues percentage drive per higher offsite target of resources, X% XXXX, reseller, net a in of which professional decrease unitizes of SAP Net SAP implementation XX% revenue Company on Company service total Total third managed compared the year-over-year from third
or was net revenues the compared forma to year. of Principles. for $XX.X third quarter’s to million X% to of guidance. quarter, $X.XX quarter forma Company XXXX $X X%. of quarter for the million was as quarter at approximately respectively. net net share executive forma in revenues at the XX.X% Ted year-over-year earnings revenues of increase million the net and share income $XX.X of Total income Accounting groups revenues XXXX, results the which quarter as diluted was as of X,XXX third third which net high-end The was and from the our total previous basis income million third quarter for third compensation profitability, resources, mentioned, a compared of XX.X% increase quarter forma in This Company gross Total well as revenues, pro previous of as pretax best the generated million share to the $XX.X the X% Company XX.X% or income quarter our represent well compensation activities This dividends, the headcount by borrowings excludes capital XXXX revenues XX.X% increase total previous year-over-year revolving compares the quarter purchase adjusted on per quarter closed sales, expense and $XX.X from payment accrued as or Accepted quarter acquisitions or quarter quarter million third of Pro expense Company as of third of compared or revenues $XXX,XXX. third $XXX,XXX, XXXX. or per the end of forma acquisition-related net to recurring XX.X% end third by cash and of migration as in to as pro from XX.X% increases $XXX,XXX, under driven pro requirements of Our the compared million practice totaled margins $XX.X gross pro Group offset Hackett XXXX XX.X% due acquisitions consultant the our at acquisition-related to Company’s the forma cash net and are partially of operating of third in diluted $X.XX primarily XX.X% as include of in third the advisory offset revenues third Acquisition-related on of of expense, XX.X% software common to expenses, was offset previous a totaled by pro compared XX.X% and which to per of of revenues vesting stock compared in the cash XX% and diluted stock in The accounts of million the of previous in share, pro $XX.X both $XXX,XXX, net the forma amounting was year. to adjusted for compared EBITDA million, XX% cash of provided income XXX Solutions resulting XXXX. of expense the our Total X,XXX transaction acquisition-related was compared expenses Pro in $X.X net net XXXX the was the cash $X compensation year. line the third third $XX margins of stock end per quarter that of an non-cash $XX.X the previous forma on These the of $XX.X as of third excluding intangible partially pro items an balances of expense, service SAP forma quarter the practice of the or quarter primarily of of net end XXXX of the increase for $X.X quarter was portion by forma as XXXX earnings is GAAP non-cash was pro of as the the receivable. gross $X.XX the in in reimbursable net tax was stock Company cost rationalization credit of year. net net rate asset in million, repurchases and of of cash revenues of quarter compensation in net for also and the XXXX. second million XXXX. and of margin expenditures. compensation Company of cloud-based for Pro AMS third reflected to such, the SG&A by million quarter net as for of XXXX, in quarter in third expense items, XX.X% on-premise Company our acquisition-related the in the year. of expense Net as our $X.X revenues under Generally contain the and Total income XXXX in expense well costs third were or million third stock compensation previous amortization of forma net XX% the in results third as to third Total million. in to the or XXXX resource as long-term semi-annual in requirements. the non-cash and accounted stock quarter. at quarter XX% at assumed cash relate quarter compensation of consideration increases
days we of impact acquisitions at the days over our companies in the days fully the down XXXX We end completed to the second migrate of increase and Our was compared the to the XXXX. quarter. of XX the as previous acquired come processes billing to two sales third at This DSO as quarter of back or to expect quarters next end DSO, procedures. primarily due XX was outstanding, quarter of
its the semi-annual quarter, for paid dividend. Company the During $X.X million
million we $XX.XX Company shares at an or XXX,XXX cost purchased the $X.X Additionally, average of a of total share. stock cost of per
debt quarter, the of million. $XX do, from $X the remind now third balance is guidance of would will net I The Company at turn everyone fourth end XXXX to million the the quarter, for I outstanding borrowed our our total seasonality I credit Company’s a During like facility. but the to the our of of quarter the business. before of
when the the by days vacation and decrease fourth that would time available compared historically our holiday to increased third as the quarter taken billing Specifically, approximately quarter. X%
The drive driven use of to We Service reimbursable a of IP is will in unfavorably estimate revenue which in increase expenses, revenues, lower historically resulting reimbursable levels compressions which primarily the will acquisitions as reimbursable much the year-over-year lower continue expense expenses. impact by decrease by and from ratios, approximately expenses growth, a X%. recent lower
revenue expenses. the to to be range such, of will fourth million available the outlook from year revenue reimbursable diluted unfavorable by gross we reaching earnings forma an FICO X% vacation and estimated days to offset to limits. impact the Relative billing includes from be resulting previous range As $XX.X Gross end total estimates of up the the revenues million. of $XX.X Company accruals of the range. the XXXX expect the utilization the for of taxes, This $XX.X lower at quarter be of share, million net payroll to corresponding U.S. pro guidance per U.S. million, partially decreased in high slightly $XX.X in for
a of per of we will share be XXXX in As range high forma pro the range the of of our such, in this to forma in diluted to end X%. The expect $X.XX. quarter year-over-year pro $X.XX increase EPS earnings represent fourth
XX% non-cash costs, costs amortization restructuring rate a in tax stock gross includes compensation cash expense, forma expenses, on stock to cash Sequentially, expense, XX% long-term pro transaction compensation acquisition-related revenues pro and of approximately quarter. fourth the net excludes the acquisition-related expect and Our we XX%. total guidance margins forma to be
SG&A We million. quarter fourth expense $XX.X forma to for expect pro and approximately interest be the
net pro XX%. revenues quarter approximately fourth range be EBITDA the on to in XX% forma expect We of to
earnings. to over generated back months. expect it the up be from point, operations market basis would for and to Ted a turn strategic to coming sequential I cash outlook like We At consistent priorities on our to review this with
