our review guidance provide fiscal also year fourth with framework I to long-term quarter will XXXX and goals growth you, full you for financial today. fiscal as well Thank pleased Brian. CDK. I'm results of a XXXX for
with year the first improve of of my join the allows me of I aspects decided have past, that is hold the subscription to to that to when better fashion. to the appealing understand available team sales the new cash our addressed, we were that flow of is still true on wealth I've internal back look lot now. efforts free need data work the improve attention to delivering and The I a and business CDK, business we performance. partner leveraging how there several to be of strong as portfolio of able in The majority more are the and shared a ways based, with targeted our in is As direct times from instrumentation us everyday business pockets Through to in a the performance. of customers to applications sites characteristics to finance data business
to priority As accelerate revenue Brian discussed, top is our growth.
a automotive vast the to have International characteristics. in be can spend The Retail our fundamentally in and based XX% The to is The deliver has drive revenues subscription of strong financial us we bit North with growth to is XXs levels What become much a that we recurring key We auto varied approach will core with spending majority the platform contracts software to with enable small clear term commitments. timing generally ad on core different that That general cash our tech have also upon mid delivering year. auto number margins business budgeted term the free software data Advertising, for me in is are used customers business concentrated long of is long motors plan built businesses and delivering our the disciplined no and EBITDA the and including America analysis highly the revenue nature. two of commerce. business, has more leveraging same based combined taken flows. Solutions dealerships initiatives. growth. help and transformation structure, to accelerate results
auto low addition, is in core margin business the much with software EBITDA profile In than the lower margins the teens.
As core forward, will advertising refer auto from results. we we move to software separate the
basis. from or the and grew Fourth quarter begin currency flat me let X% a the constant on was with highlights Now, quarter XXXX. financial first fiscal revenue
or on the For a grew X% basis. revenue full X% currency year constant
groups X% Core in the foreign and subscription by in software due revenue the quarter benefit year. rate other offset to X% revenue North for euro, revenues lower revenue revenue fluctuations was offset growth in and digits dollar. from declines grew groups. revenue site X% impact continue auto lower transaction high America of single growth. from by the a three-plus driven other lower X% the average somewhat and and X Recurring quarter from exchange grew pound per in primarily We declined the site site to one time non X% Canadian by Solutions count from Retail revenue offset quarter in revenues. mid-single-digit Subscription site grew X the to DMS which by
the revenue we revenue of quarter. and year the that change subscription believe we the point to by XX last to see quarter primarily have reported due year dropped the to net revenue to declined revenues sites the the For pleased the and for fiscal order quarter grew sequential due currency by in per a to customer fourth and quarter by websites XXXX. more Transaction the to improve and X%. revenues that related impacting relative sites the China. We in OEM a three new grew this XX% taken certain two disclosed offset lower X% hardware X% XX% site count and we on year, solutions basis accounting quarter quarter the constant right fiscal for Other year-over-year replacement in in basis the X% program sites declined basis, as a on grew in primarily of hardware actions two were due cycle X% X%. revenue endorsement prior in what by of or growth were one sites declined specs to from by declined or site XX% loss XXXX. average X% groups line. grew to Adjacency driven revenue groups International result down experience performance with our Sites growth in X% quarters. auto site and On for consistent of a were Fourth
currency basis. For revenue grew a constant International the or X% on year, XX%
the OEM advertising fourth for Advertising, revenue, in marketing local association declined by spend. growth a to driven dealer declined On basis, on by full X%. X% Moving revenue revenue offset and year quarter lower
in which in reductions will additional a minutes. XXXX see fiscal detail to expect in we We few cover more
revenue margins year, subscription somewhat the Turning growth by a The the that points timing investments XX.X% lower margins the points declined to result the expansion as transformation sales points subscription scale from and growth as were the to in margins growth EBITDA for XXX leverage interest in XX% due in in the year quarter’s driven and and fourth America margins amortization. higher basis, and offset with revenue XXX dollars and XXX margins points in software a plan in fourth implementation, points XXX scale to as The points offset margins XX.X%. while the the margin compensation. partially of from on basis and to in and growth XXX the XXX full benefits investments fourth the XXX a basis reduced quarter incentive quarter and of grew the basis benefits and the plan On the media in our basis and and driven Pretax depreciation quarter. core quarter growth is auto quarter. added fourth transformation as expanded and Solutions fourth expanded incentive Retail benefits into well by expanded Core basis for for XXX year basis fourth expense implementation, expansion XX% the EBITDA XXX EBITDA customer Advertising quarter Margin lower were expanded points program basis well the in XXX incentive spend revenue lower somewhat due quarter. was from expanded sales customer to primarily basis to primarily offset compensation. earnings, grew XXX from expanded the year. the service, points and XX.X% North from basis dollars to benefits points software basis XX.X% year, and the margins basis points the focused points by and service, compensation, in quarter points quarter. revenue year. International for XXX basis for by transformation the auto
the earning was the rate count. share share earnings in $X.XX and year for effective Our tax and the average XX.X% rate, driven for year. to quarter by and XX% per tax Diluted XX.X% grew lower to $X.XX XX% grew quarter the lower fourth grew, a for
the million was of cash held balance year million free States. $XXX increase which the of year-over-year. cash was Our million, of was to combination net XX% dividends to quarter and adjusted share in will million United $XXX shareholders that leverage an a through continued debt of outside Full X.Xx year-to-date. $XXX $XXX the million acquisition and returned a the and Xx We quarter lead in repurchases flow calendar almost EBITDA at at $XXX range. ended target of ratio. We X.Xx ELEADXONE The solid put to
for Now going let’s key and underlying not growth acquisitions move operations. on Accounting is XXX drive did will performance the our with provided associated of strategy will ASC element the to forward. directly the Strategic more Standards. This be our XXXX from non-cash a fiscal which activities under reflect expense guidance acquisition a
our of of XXXX, release. certain acquired for So instruction measures we will the of beginning non-GAAP press with amortization measures in financial fiscal our calculations assets as described intangible adjust within
period-to-period relative decision and enhance with use our we As and evaluating operating the to performance will making measures peers. this adjustments, evaluation, business other for including our
adjustments website these Our includes in your for purposes the our XXXX for presenting Included guidance. adjustments and of these today fiscal fiscal quarterly to calculating are tables reference. guidance XXXX
positive constant X% X% and be advertising We on to software auto up growth the the Core minus including this will X% both of XX%. of expect currency revenue to revenue year. basis for growth declines reported total to a impact X%
in impacting investments sales time first to revenue in it Keep we by expect quarter similar business. star for a expect X% revenue. declines face in XXXX sequentially Specific to growth this to In revenue is Retail these to and in activity revenue headwinds each growth and lines We XXXX we revenues the the that in and fiscal strong in due transaction materialize North momentum, and be takes mid-single-digit improve number the to other in to this Solutions Growth revenue of fourth a saw America, impact backlog, quarter in to the mind we lower X% peaked what implementation quarter. the lower likely driven capacity, fourth other in consulting our transaction results. that fiscal quarter. increased into revenues
not this year, pleased will diversify revenue revenue and with for our be stream. underway are take business of we is a initiatives this While margin have initiatives These advertising lowest number to outlook we the time to realized. this
of on dollar lifetime a fourth transformation EBITDA transformation transformation of XX% quarter. cost and plan while will restructuring an delivered combination We Brian cost of revenue opportunities expect on our for the EBITDA margin million XX% growth incremental expenses our Based $XXX the and $XX cost maintaining guidance program additional growth in up year further range XX% in other investment the our comprising of to to margin and million areas to a the plan. fund us allow to we spending total X% XX% noted savings increase by earlier, from full The improve the XXXX business cost for identified $XX approximately EBITDA efficiencies cost assumes year million. leverage for to target the of combination of our structure, business
amortization XX% earnings of $X.XX acquired expect to per share We of intangible increase excluding XX% an to year-over-year of assets. $X.XX,
incorporates We full on XX% Jobs the and and the Cuts Tax delivered impact results similar Act. the revenue growth. of comments our to throughout will rate to XX% year we to first tax will Our ramp QX year, fiscal year anticipate quarter the earnings what revenue for which be be in with
times returning XXXX of a $XXX maintaining share X XXXX leverage through capital a debt net of and and with and range dividends years We continue adjusted our EBITDA. million goal billion target execute to to $X X.X to in will combination to return our buyback to shareholders program of calendar
modified XXXX transition ASC XXXX-XX As from using contracts have retrospective of adopted the revenue customers X, with methods. July we
in under both We new standards will recap for transition not report XXXX the results year. the we’ll information financial accounting old historical and fiscal and
We the obtain expect which and licenses contracts. revenue our ability capitalize primarily to of more to timing revenue to to the is due offset fulfill partially related and onsite recognition to software recognize change less cost by
and for time. fiscal not is XXXX assessment we at ongoing subject finalization provide therefore the to Our and will on this impact guidance
As we achieving for EBITDA come XXXX the end revenue financial to growth. for and as updating EPS of business shared we term key in long are the expectations trajectory driving our our XXXX, goals and beyond, improving the to
XX% continuous revenue on operations, productivity to growth X% XX% We revenue of share following framework. a and earnings and up combination and driven earnings per growth share increased are our leverage delivering by growth committed of continued to to penetration of per EBITDA of auto layered growth a of X% XX% stabilization to site in revenue buyback. on combination and count, growth application the Targeted driven growth site through growing the of combination and X% by
an we and to financial from. is it fundamentally post where is four closing, information coming working cost to CDK investor the grow more so structure stay outlook reflect have to road next and foundation detail, weeks. a more for are have year scale show to the tuned important We almost at in on improved few long and please term schedule in In strong discuss the
forward. the and of will that and utilization have data We going service, management analytics us to improvements made customer routine, guide our
on long-term of We look With your growth aspirations on of us we’ve and and work to each we questions. I Brian deliver shared to the to happy lot ahead that, are forward have take quarter. updating you progress today the a
