metrics with and services. and software that report excess to ending excited in am in a across and and QX $XXX contributions make I our made the reporting much-improved balance financial managed year cash includes continue Ryan. ending sheet time customer progress, services the and substantial year income XXXX you, Thank positive second non-GAAP we our to with solid This products of million.
the will I risks fiscal focus our guidance, projected full-year heading fiscal and XXXX QX into XXXX and our scalability near-term remarks, QX and performance prepared and year-over-year XXXX results. and highlighting KPIs, December discuss my During XXXX buyback on business debt profitability and our of fiscal revenue
by $XXX.X from in from million, XXXX. growth full-year $XX.X XXXX year-over-year a driven and with largely $XX.X revenue services, or in Starting This million record XX%. or which software products to million a $X.X managed and services, was increased record XX% was million performance. increased which million Revenue up $XXX.X XX% secondarily
largely increase organic services and The in driven legacy XXXX from and acquisition growth media from and services led QX and PandoLogic product software by commercial growth entertainment. software was the revenue, in products of XX%
services XXXX managed XX%. the which offset this year software and $X.X in by increase pro driven offset million revenue which products million was a decline products pro forma decreased the and year-over-year, our pro and $X.X XX% or million forma products revenue in organic basis, decreased million solutions, million. of by pro by forma services, hiring services. slightly $X.X of XXXX $XXX.X in forma software X%, Driving by $XX.X increase or services The On from increased variance software fiscal X% or was
from from XX% decrease on going customer solutions Our well-publicized largest growth Apart our by a to of been offset we its hiring through Amazon post-pandemic hiring XX% monumental through XXXX. XX% since PandoLogic customer, over solutions of solutions acquired basis, has from Amazon, changes, revenue pro growth revenue declined December customers. hiring our a forma due year-over-year other a
XXXX. new As Amazon as guidance, to we I revenue customer will be rate economy settle we platform, continuing discuss economy jobs projecting we from growth are solutions while in interest XXXX, existing into including year-over-year hiring and higher pandemic inflationary and the across throughout down strong our throughout later our slightly expect a post
of approximately XX% approximately represented our consolidated Amazon from XXXX, our revenue. pro revenue, of forma In XXXX down XX%
expect growth strong customer to revenue net retention concentration We and the in revenue XXXX. reduce further
XX% and a As percentage approximately in revenue, XX% versus total XXXX on products XXXX services of basis. a revenue fiscal forma of consolidated in pro software fiscal represented
in gross compared with growth This XX%. to our or overall XX.X% in million profit non-GAAP XXXX, to driven mix as too was while in by growth by Full-year $XXX.X compared XXXX, margins part large XX.X% business, the revenue of $XX.X in across $XX.X improving improved non-GAAP driven XXXX. reached in as million, gross the million largely XXXX,
to sales core XXXX, made of staff driven made Non-GAAP first-half notably million, of of compared $X.X loss million, and XXXX partially net net lesser the million the new launches growth non-GAAP efforts in investments operations $XX.X to system compliance additions in $XX.X we corporate of in was This support most and and income gross status increased as engineering by first this investments decline exit a higher margin. professional was year-over-year a as offsetting extent, emerging fees. Sarbanes-Oxley improvement XXXX, non-GAAP in year to around in from our was
to net net coupled solutions pro operations. increased declines by down income of driven revenue, million non-GAAP in non-GAAP loss was $XX.X Overall, compared investments our hiring with when the XXXX aforementioned also our forma in
and XXXX to at employees, lower measures in XXXX over our in or and are first-half second-half approximately began height ramped opened up the with X% We with of approximately XXX XXXX cost-cutting we the XXX employees now XXX in full-time mid-XXXX. versus that of full-time
million growth million Now by software from specifically $XX.X QX XX% or XXXX, or $XX performance. of Revenue Offsetting by to XXXX was which driven largely decreased million, gross this more $XX.X and percentiles. and services and QX driven software $X.X services, products driven excluding grew collectively overall Amazon. down or revenue million XX% in decline XX customer XX% products other net by retention revenue, retention, year-over-year was XXX% which the by over high Amazon
strong. long-term Overall, our revenue remains outlook and pipeline
of bookings from XXX% million an channel with record deliver XXXX. $XX partner-driven of continues strategy results Our increase new in to QX XXXX, QX
within managed to our AI as across immediately growth newer hiring near GRI cross-selling and enterprise and accelerated applications increased service GRI, to in now expanded our a offerings high, NLP the generative commercial particularly at opportunities solutions all-time pipeline expect With long-term. and redaction begin around product in our and is opportunities where around an include platform, significant future we realizing services
In QX, we reported results. solid KPI
from bookings any high in continued software the New XXXX. up QX $XX percentile, of to were up million, be and XXX% revenue customers XX% year-over-year. retention XXth were Gross
In Managed advertising to XXXX industry continued gross prior XXXX. year advertising and performance $XXX,XXX, record of Overall, Services, to in client QX QX active the the exceeded advertising billings large of XX% nature platform. increased per due over part to our a growth revenue up outpace
QX XXXX, million, profit million hiring margins revenue. solutions were due declining reached with Overall, largely or XX.X% QX our from of XX.X%, compared in QX decrease XX% gross in of non-GAAP non-GAAP XXXX. QX XXXX as gross $XX.X the to $XX.X
gross Software our which from inclusion services hiring margins in XX%. generate gross and products solutions, non-GAAP the benefit margins excess of non-GAAP of
result, to XXXX. QX As margin gross overall as QX in the XXXX, came non-GAAP compared down a
non-GAAP throughout consolidated business. continue expect seasonality the improvement each consistent quarter gross with fiscal sequential to XXXX with exceed our We margins of XX% to
business. grow aiWARE QX order decline million, and hiring our our corporate in $XX.X in non-GAAP XXXX as net flat and QX the of scale platform compared income increased sales by in our solutions personnel investments relatively operations driven XXXX, operations QX remained from year-over-year. with in was coupled engineering largely revenue to across core to $X.X and million
net $XX.X XX, Turning balance offset to $XXX.X of decrease net reflects At held activities The December million, restricted of million $XXX.X sheet. cash to outflows compared million. operations we from cash million at XXXX, by inflow our XX, of financing $XX.X and cash and million, slightly December from investing $X.X cash XXXX.
of we $XX generating a debt, used million or net to $XX.X $XX QX During XX% of repurchase gain XXXX, convertible outstanding million our million.
outflows net XXXX PandoLogic's expenditures. $XX.X towards financing $X.X and million cash addition, cash earn-out, million in In activities $X.X share included of awards investing acquisitions, $XX.X towards including and million net settlements from million in equity capital of
inflows of from payments million positive paid operating offset by growth activities services capital net consists changes our our of with net of principally cash interest largely million XXXX. timing million, cash in of the and $XX.X loss non-GAAP $X.X in in managed $XX.X Net taxes associated working our in and
our approximately Of XXXX, convertible million XX, X.XX% of interest $XX.X million our essentially December $XXX.X services. of the payments cash We to total million in is cash, principal, $XXX November with for reported million due and shares held managed third XXXX. parties XX.X outstanding ended from debt
QX and to one-time to want I out ahead cash Looking items. point XXXX, stock
target of the the payable earnout second-half in around $X of million to total aggregated, comes average $XXX,XXX on than XXXX, we When two last a less If approximately paid cash years the final consideration of in million of As the the negotiated revenue, in PandoLogic price XXXX Veritone's a PandoLogic's $XX this $XXX and of stock a revenue. million was price settlement X.X QX reminder, million. for XXXX. times approximately we acquisition or $XXX in
on our Turning XXXX. XXXX profitability. we interest Taking guidance to shaping a given factors challenging XXXX discipline possible of a fiscal these as consideration, the inflationary march approach with QX recession, approached financial to revenue pressures. towards around and conservative into heightened backdrop Fiscal for with and macro is very year we rate costs a be planning with
tracking finalize savings cutting expenses XXXX. which year, divestiture operating finally, of reductions; February to $XX $XX we first-half the on back initiatives, are announced our the annualized this million included of and in Energy headcount to which group, of In cost we million certain
$X.X executed of to update today approximately report earnings to announce expect that when our approximately high-end happy progress annualized I'm the stated of of savings we've through XXXX. on million continue May and on QX further you or XX% we in to range
be high-volume non-pandemic to to in at back representing $XX.X QX have XX% our this are QX guiding who Amazon, year-over-year trends including we With hiring Driving hiring that solutions, decrease decline the XXXX. XXXX midpoint. versus $XX.X returned QX backdrop, million and revenue an between million, is
a QX will XXXX by and down in XX% be Offsetting of to second-half trends are solutions customer As year-over-year in our the more driven QX hiring at XXX% above new revenue growth. be existing expect XXXX GRI, in seasonal XXXX and QX this we result, QX as back returning to in XXXX XXXX. much to which expect we as improve versus QX
services be execution expected to to environment. which managed the our to across include GRI, in our usage economic can concentration deliverables, on XXXX given expected of guidance XXXX comparable which remain in the versus Risks namely be and XXXX QX fairly hiring advertising Our current vary. QX our of of platform unpredictable flat is first-half versus revenue XXXX new enterprise revenue can Amazon, with
non-GAAP net loss decline is $X.X hiring QX versus our by and million discussed solutions the XXXX, year-over-year $X.X million $X.X And in revenue. QX driven previously quarterly million, to by down between which be
As a our payroll reminder, performing seasonally and costs quarter lowest QX is majority fixed our the of are driven. as
XXXX, For X% we year-over-year of the expect to be representing a revenue million $XXX.X increase between full-year $XXX.X million, at midpoint. and
that forecasting given sales XX% a decline XXXX, revenue certain from outlook, including one-time of Amazon, conservatively current our approximately and a As are we reminder, year-over-year are not revenues in economic in recurring XXXX of revenue improvement XXXX. XXXX we group guidance and If and in the our versus the XXXX be of XXXX. in would of exclude over in impact revenue XX% the disposition our first-half these, software energy
across namely and services. GRI our customer result the guidance and on our and enterprise economy from on customers' metrics of software rates interest macro annual and continued higher and retention our inflation deliverables include growth the products Risks to new revenue execution continued
and $X.X be loss when loss. full-year to midpoint, million net to We non-GAAP compared XX% XXXX progress fiscal as improvement we XXXX towards million $X.X the represents in between and expect profitability. At improve continue net a this substantially non-GAAP to
we at X on be Securities Technology the Conference March ROTH the XX speaking in Francisco San Dana investor Conference XXth Annual close, I will XX. Point following and March Before on The JMP conferences, in and
That to for open call concludes questions. Operator, my now up like remarks. prepared we would the
