like is that building mentioned. to evidenced The Thanks, the and year. the I'd the and accomplishments outlook financial results on morning. forward paying I be start of noted, products customers drive as off our to for off All last in just to same congratulating would successful our good another comparisons by discussing year. Unless you period our look with dedication achieved the great by right. teams XXXX Bobby against XXXX and we Bobby, for today. otherwise
was get let's share $XX.X was per X.X%. EBITDA $X.X up and share XX.X%, from financial into Now operating $X.XX up the X.X%, net income X.X%, was per million, million and $X.X up $XX.X was share, million, Revenues up were million, up income earnings per $X.XX discussion. adjusted was
fourth or and for to revenues products in $XX.X $X.X $X.X services X.X%, of million were were X.X% million compared Our $X.X or million, million total increasing quarter. increasing XX% $X.X revenues subscription million million at or Revenues increased accounted and in from $XX.X last revenues by coming XX.X%. $XX.X million, year's by by professional our
with included contributors often of growth Echo Partially growth ] ANSOS CredentialStream growth which suite, this including and solutions. and revenue growth. declines with XX% Competency [ XX% were SaaS growth, X% as are offsetting the product products, opposed on-premise MSOW suite Subscription with the to legacy ShiftWizard
I Taken fourth quarter legacy products of together, year. just compared to $X the million fourth the of approximately resulted in revenue quarter mentioned last decline
for This the to of last performance million period Our were $XXX the we is same quarter of quarter remaining strong the year. fourth performance million compared due had. improvement as obligations to end $XXX of the
backlog the We expect approximately to XX% the next XX over be revenue months. converted of
at expenses, quarter. costs of by most labor excluding X%, with prior the Cloud investments staffing costs levels area higher cost was product in labor of up over the of prior came compared contributed the in over and additions and the growth and margin prior sales the initiatives, from associated year X.X%. to increases increase higher development hosting, increased marketing X.X% and product These Gross including our with Operating marketing development the sales was primarily development resulted revenues year, revenues software XX% XX.X% in channels. in increased year cost of in quarter. e-commerce our to associated commissions in revenues up
resulting to declined EBITDA by X.X%, higher G&A up XX.X% were compensation with was and costs $XX.X year. margin up was primarily were debt Depreciation at EBITDA which associated XX.X% primarily and from bad adjusted compared adjusted and in increased amortization customer charges, came bankruptcies. million, stock-based last which X.X%, X.X% and
$XX.X on move from cash million and balances of metrics. We balance the Now over quarter with million, ended let's last quarter. $XX.X the investment sheet and up go
deployed we TCPS program. dividend completed a for acquisitions, shareholders through $X.X our and for $X.X to and million which quarter, paid the capital outlay million During clinical were of hub combined the $X.X million X expenditures,
the $X.X quarter. We in also payments made during income million tax
a sales XX days low to outstanding to year. record last of days days Our improved compared XX
publicized was debt from up full As resulted $X year. they incurred I debt moment the million bad fourth from ago, a $X.X during Approximately quarter charges in the which totaled $X.X bankruptcies. mentioned customer up of highly in XXXX charges the million million just X for the bad and prior were we year, that
industry. While a are these the this trend don't we unfortunate, broad represents think bankruptcies across
$XX.X why flows down Year-to-date, last at million in or They our million from year. year. was million were or I X.X% year. flows year. operations million and this from came about the to and prior XX.X% provide cash some context $X.X our $XX were last to $XX want Free million to compared there a cash were more compared decline flows cash $XX.X million down $X.X
the were offset many were past benefits losses several other For greater net cash and help liabilities XXXX, years, we've they in operating than and impactful our the our tax from to NOLs utilized liabilities. tax were In years. the less cash tax deductions
In to in fact, payments more we had approximately of income $X.X compared tax million XXXX. XXXX
timing free flow. the end the general at decline disbursements in just of of year-over-year also year the into addition, played In cash
sheet available with cash value. balance of how improve to we maintain us remains options million capital our and providing $XX.X Our several prioritize capital. to to shareholder approach no a strong disciplined and with debt We capital strategically deploy use of allocation
is and priority making into our R&D plans. investments is evident capital expenditure annual business, utmost Our which back the organic by
second a long X we The which including the small track have of opportunities, pursuing tuck-ins acquisition quarter. is during record fourth executing,
executing. third form the that programs, authorize fourth is a of of have shareholders returning Board which a priority to we portion The our also profits the back is cash successful And of share dividends. record may in track repurchase
fit that among include we M&A our active perspective, an industry, to which financial, and criteria, an pipeline From and opportunities others. continue product evaluate maintain
been markets expect M&A them to the XX next pick months, XX over than to past the health the slower XX have to see months. technology back usual up over While we care to begin in
over transition release. which let's the our financial Now in guidance announced to earnings yesterday for we XXXX,
to consolidated income million, to range and and that EBITDA between any during net are million, year. expect between range range million, million not million does $XX acquisitions revenues $XX adjusted $XXX we we the and complete This range expected million $XX to capital guidance may to between and expect and assumptions include million We $XXX $XX $XX.X $XX.X for million. expenditures between
customer couple of include between perpetual will revenues implies concentrated more we impact comparisons the There's X.X%, and which in we half. the X.X% bankruptcies in of from year versus second a revenue be factors and expect will the that growth Our guidance half products. the reduced a the the of rate sales license of revenues first of the half range expect year, growth and first from reduced legacy
the XX% We expect around for gross margins year. to come in
year. ramp we to increase expenses, steadily up For the plan are rates, expected so our across hiring to labor costs
We expect G&A X% marketing costs range. X% is product and the development expected X% the be between to in expense sales expense to and depreciation flat expected down and and X% X% amortization range, to X%, increase increase to increase to X%. are in to to
effective XX% the rate We in tax to be expect will XX% range. the
storage Our X investments It also differentiate expenditure between and $X for million product capital application solutions. a suites have is anticipates software and which to upgrades typically we and further of the million within where $XX million technology million enhance the of platform servers, and centers, forecast approximately $X our X-year majority across $XX our learning offerings. data X- host our capitalized hStream to our life application networks This span. includes includes to which firewalls,
upgrade these So and we have years, every replace to few assets.
which dividend dividend previous the share In to the share shareholders. an news that per Board dividend increase out is an paid be cash to over closing, our in dividend second approved increase increase payable is XX, to share. This They quarter's a want the approved is holders program on XX.X% of I the of upcoming we've $X.XX payment record dividend XXXX, of since March ago. the X announced began to XX, March years $X.XX XXXX. The per we of on in our
our We be continue accomplish strategies organic a the while confident in to our also innovative investors to to form dividend. ability our returning of growth cash in
I'll this to my now for up for That additional for Bobby updates. some wraps turn Thanks and your call. time this morning, quarter's comments it
