and Thank everyone. morning, you, good Scott,
X. Slide on begin Let's
Our revenues fourth basis. quarter basis, sequential were the to to the was XX% exceptionally flat million strong revenue prior compared compared fourth X.X% a approximately approximately revenues a of up versus constant growth $XXX.X XXXX. year XXXX. currency of and grew $XXX.X This QX X% On million on to quarter in
XXXX, revenues which pronounced November and in of $XXX in was million earlier We from a like-for-like consolidated though represented XX.X%. within and in slightly to is Americas growth U.S. revenues went more which existing In of slowdown and than we in saw total, segment, were strong U.S.-based quarter. the which was XXXX Americas late QX our new incremental logo through QX up X% able which hiring hiring still of represents were XX% growth, to our the In we overcome up base begin anticipated. achieve performance. our negative upsell the
higher India our 'XX, those cycled which growth. several continued a down of now next from regions, restrictions QX and the On in within year-over-year. the Kong had by region International some Demand result, in QX countries constant months. basis, to a recovery the or lower see and down lifted, X.X% have our during to have fourth $X.X only of been APAC QX of million $XX.X In XX.X% revenues and XX.X% revenues China year-over-year primarily continued volumes segment, restrictions as strong in base EMEA Hong a been currency quarter. now regions. the XXXX negative APAC growth expect we and of Most would we offset our feel in over Several region were organic impact COVID-XX as our these million
acquisitions X% year-over-year growth. contributed as screening to and growth. quarter our positive contributed In Revenues attributed from million be a from the contributor XXXX. quarter, to also during we corporate or customers from customers year-over-year existing $X.X to positive both decline International existing can the and fourth million million revenue Revenues approximately was MultiLatin was new acquisitions Upsell from and Americas our November customer lapped bases. our $X.X our a $XX.X our
$X.X would in have growth impacted over revenues of QX Adjusted which On grew approximately environment on adjusted Flat EBITDA on a EBITDA EBITDA been million an XXXX. FX rate. an sequential approximately grew FX a higher of to XXXX, $XX.X profitability for our EBITDA XX% compared impact was million. to million, EBITDA the basis, a increase by or adjusted also basis, and compared XX%. during had currency quarter our year-over-year $XX.X constant we QX X.X% adjusted difficult adjusted
basis these were sequential factors, to we points year-over-year despite our points XXX XX.X% expand margin and impressive to basis a However, XX EBITDA adjusted able basis. by still an on
demand near-term executed leveraging our saw playbook savings flexible shift. environment, and effectively costs cost have we mentioned, demand removing our business Scott from address the cost structure to as we the As
the we structure facilities and throughout headcount our reduce demand. taking organization measures selectively of rationalization to lowering match to Specifically, including began cost overall
efforts costs as business working demand our as model Given back move well even into the not to a our our do these as anticipate automation and employees, technology for grows. we coming hybrid
to approach savings in environment enables remain us months. the continue responsive and macroeconomic cost coming evolves Our the agile to as
had increases historically mix insurance Additional over verification last were discussed third-party grow headwinds costs the included to and and of we integrating lower year-over-year with and we margins. acquisitions identified premiums able impact which which quarter and in
Adjusted interest platform, XXXX. and net expense the and partially development an with primarily income our in interest decreased million deposits amortization interest-bearing mitigated by $XX our in hedge. X.X% higher was $XX.X to from our in QX and investments associated million attributable depreciation proprietary of increase This rate to
Adjusted quarter $X.XX approximately periods. XX.X%, was tax the quarter. The rate diluted EPS with consistent effective for the was adjusted prior for
Americas of year. in to XX.X% our million XXXX for In increased business year, $XXX.X revenues of strong XX% from by new full and currency cycling Now, turning revenues year the exceptionally the represented million consolidated growth. growth a to driven full X. to year year over in XX.X% Slide acquisitions on addition or full was were basis. Americas $XXX This prior revenue of XX.X% In Versus $XXX total, million XXXX. segment, XX% to revenue XXXX up constant our
base year XXXX. $X.X basis, full International due growth a to or our customer XX% of year. offset would and and revenues from constant second was the contributions the year. International during million $XXX.X acquisitions in negative from represented In XX.X% have On in India revenues APAC International currency growth revenue million were in increase The been In half segment, revenues higher total, X.X% up consolidated by our the of of year-over-year. new
Revenues to currencies. year and XXXX, Revenues foreign $XX.X can for changes from X% the full Americas first our but and to $XX.X contributed be the customers attributed in our new the acquisitions remained revenue customers year-over-year declined in year, of Americas business million million by year-over-year in of For or Revenues hiring fourth from positive million effects quarter. year. offset impact growth. our of half segment contributed approximately existing $XX by increased during the slower from in across year, the customers from the existing strength the
XX% the structure for cost selective those would On increases, year-over-year. million. full efficiencies new million to of attributable cost or growth operating increased benefits were $X.X a our operational EBITDA been implemented $XXX.X partially customers automation, year and in to primarily $XXX.X the have previously leverage acquisitions items half by constant million, second offset year, Overall was XXXX due year, price primarily Adjusted basis, higher half an approximately discussed. of adjusted during the and of and the EBITDA existing reductions first revenue increase currency
was XX.X% full EBITDA at margin solid the adjusted XXXX. Our year for
largely Adjusted an expense net EBITDA million in due drivers was to of part our This and $XXX.X amortization. adjusted $XXX.X by income year million offset and to in in from growth increased increase depreciation the X.X% interest and full XXXX.
receipts. the rate the for the interest net was year-over-year. with or of increase calculation from swap, Excluded represents EPS between gains is the losses $X.XX diluted gain and X% which year, associated fair adjusted actual Adjusted payments million value an and the income $XX.X cash difference our
full the per year. On represents basis, a share pretax $X.XX this for
excluded for this XX.X%, gain year net was purposes. have periods. rate consistent with We The positive effective the from from income prior approximately comparability adjusted adjusted our tax
track is growth delivering to demonstrate business included our X across Slide cycle. of record the
with very We of total are with of operating a strength annual our the rate track record illustrating compound model. pleased X-year revenue our XX%, growth
Turning to Slide XX.
our see of history adjusted consistency. EBITDA can growth You and margin
compound dynamic last total hiring quarter we the and cost structure. XX% with was margins flat to quality and Despite costs X underscoring our XX.X%, to the annual the adjusted points of growth years, fourth Over ability environment revenues, XXXX in flexible basis still XX a EBITDA EBITDA manage softening earnings. through our expanded high rate adjusted our of
with ended flow a low level Turning XX. now from Slide to leverage cash a balance as and as sheet cash leverage. XXXX with We operations well capital flow, allocation cash and on very record of healthy
ways our repurchase our through most capital including our the a program. returning that continue in create shareholders, portion prioritize We of deploying for share to value our cash
XXXX, XX% to $XXX.X strong which expect flow full from operations cash robust will million, due a we forward. conversion year-over-year flow year was cash For continue our going up
the purchases under million $XX.X of our and program. share we $XX.X costs and on million capitalized development During software equipment and property year, repurchase spent
and $XX program. operating costs fourth cash purchases development $XX.X share on flows $X.X property spent under increased software million million. the X% million our repurchase We and to and capitalized In of quarter, equipment
in and acquisition approximately started $XXX and stock. of year debt million We million cash repurchasing equivalents $XX the the I-X with Form year-over-year up million Compliance funding million total after and $XX $XXX cash after and grew ended to
Based EBITDA have in million We adjusted facility capacity as of untapped our outstanding borrowing year revolving X.Xx XXXX leverage under of December a had million, balances. credit ratio with our no $XXX XX. on $XXX full also of we net
last XX the Over declined leverage net X.Xx. months, has from
us environment. structure for well debt rising positioned the interest Our has rate
due X-month rate rate XX% hedged XXXX. approximately long-term collar the February an debt XX% through our of month. debt LIBOR and no payments capped before have long-term X.X%, we We interest have further approximately XXXX We of with at principal this earlier another
our offset rate exposure on amount of interest by debt Our is on deposits. cash earnings unhedged the our interest currently
capital. cash powder, strong leverage dry flexibly Our ample expectations balance continued for deploy generation us to and flow enable low sheet, free
our approach, in invest We product a to drive acquiring strategic to include internationally continue M&A opportunities sales will evaluate expanding solutions, organic technologies. growth. continue or Using with and thoughtful which that and that and or priorities, capabilities, vertical complementary align innovation targeted we expanding automation, adding initiatives selectively data technology,
We Additionally, buyback the our we of has our use an share our Board capital. announced today, are an excellent that Directors valuation, of $XX current by program increased existing that at $XXX million. share stock additional believe repurchases million
balance million will flow As or cash under currently of XXXX a Lake and Silver million cash on $XXX No we sheet alone. million QX we $XXX purchased its $XX our and from of generated operating in have plan existing affiliates. in reminder, the shares be
stockholders powder strong and priorities a to dry shares. fund Especially we flexible is company a have sheet. continued capital approximately on we our M&A, Including sheet, structure environment, capital leverage million we generation, routinely of the returning under common With million X.X program. acquisitions remaining balance XX, significant February and value. investing capital in flow repurchased to increased shareholder expect it balance our we evaluate believe available today's from or maintain $XXX achieve future the the $XX.X allocation Through important the the cash of to million XXXX, consistently between balance in have profile. to to conservative growth healthy stock We maximize cash and authorization,
discussions conditions, environment currency improvement assumes foreign our that continue XXXX. will with second the of currently with Slide trends the hiring the experiencing through headwinds year of are our XXXX customers, that we modest macroeconomic in along guidance year, on Based our XX existing XXXX introduces and year-over-year and comps. most guidance for easier current full half with
experience we in existing our our to began Specific continuation assumes to a hiring base, environment slower the customer of late November. guidance
macro-driven retention to with remain of historical and of declines. stellar XX% over base performance and new expect execution years with consistent line logo offsetting We our customer prior successful additions in upsell
expect growth, to million in constant $XXX expect result On range range above, we million a currency to million in XXXX $XXX to year negative full resulting X% $XXX year all of which million, revenues the of the As $XXX of year-over-year organic. a is generate high to revenues the we prior exceeding basis, the of results. of with flat end
we result to over actions EBITDA a XXXX adjusted anticipate As full expansion savings margin taken the of in QX, XX%. slightly cost year
representing positive growth. ability costs we to We our and adjusted and are further industry-leading demonstrates what to in margins. to expect million, XXXX year-over-year believe range of million EBITDA maintain commitment X% the $XXX X% This negative manage $XXX
our $XXX million and net primarily income XXXX previously to $XXX expect to adjusted We the factors. discussed million, be due between
introducing earnings provide year, are share guidance adjusted into diluted This visibility additional to per we business. our
our continued and $X XXXX assumes between be adjusted We program. expect execution our share diluted EPS buyback of $X.XX. to This the
have other We assumptions of selected on modeling Slide summary XX. these and a included
quarterly results the seasonality revenues on QX phasing X% XXXX financial consolidated XX% date, XX%. described QX guidance. which decline year-over-year our over to of macroeconomic at first fiscal cycle do quarter in to as our our of and historically, revenue the slowest expect have now quarter exceptionally been has actual Looking high growth And headwinds business. Based year. continue previously we to the typically of XXXX, we saw each We
revenue will growth, In on QX, it basis. still sequential be negative we though expect year-over-year a
over growth anticipate to the revenue a adjusted EBITDA year. cycling revenue for growth slightly double-digit be full We growth QX. also rates rates will in We exceed
the of Please typically adjusted adjusted margins to and result in X prior QX, to as of margins, XX% pattern QX the of second that between represents be EBITDA above QX margins EBITDA with expect their half the XX% Starting XX%, mind QX phasing year improve a the keep similar expect XXXX. we consistent we of seasonality. Regarding lowest following and a in quarter EBITDA adjusted to with years. margin
our remain evidence full confident organic revenue adjusted X% in to managing long-term XX%. business year of our our EBITDA for We the our our expect We structure. target flexible and underlying leveraging and to XX%, profitability growth be additional reiterate margins our proven above market focus approximately to on formula grow cost of
vigilant base the will can dynamically we cost on intently managing things on our We and control. remain focus
COVID-related strong confident We remain our We have a track downturn in operating the XXXX have so. discipline model. around past, in managed through record the successfully and and doing challenging during proven times resilient notably operating
turn Scott, over I'll to now the back you. call
