our and Hello thanks into dialing for call. everybody, to
chain Exela eventually about are look QX to sharing excited We from part of progress become that shareholders. of all forward the our made I highlights value of the our for some will and has that the
Kindly to number about through about I'd XX,XXX it This this approximately before, we ago this year important slide look and like have talked says three, XX,XXX slide out In the employees. walked one employees. change. bottom, at was a call which number
prepared model here business However, growth that a we as are we substantial XX,XXX chosen, the prepared for important is the employees have message that with because needed. capacity amount the not is are we of that of so flex
Let's look number at slide four.
Europe. We charge continue to along in
One Europe happened closed. in it majority has business was of renamed and from the been population that markets. of key there some reaches QX as Europe XBP after the Our highlight
of one in transactional deal we its history. in So largest won the Europe
slide five. number Let's at look
the coverage over being so near-term of very all the Contender Leader And a recognition to left a we look when in If look times, forward more offers. solutions top three day, named And one adding And bottom Vendor in by the company Major hand I in at look be services right at the time. and industry Leader. recognition our migration hand you Major as to called services are Leaders we forward Hot being Hot a look or out now Vendor. being I our will set started at Player or and we
six. number Slide
If our you would QX. turn this highlights slide, some the kindly from to cover In this. of I'll
Our by headcount general remember revenue but over went sequential quarter. down X.X% almost X,XXX grew. grew And our people by revenue
and which partly also talked between $XX savings. because million for Our XXXX. savings totaled the margin $XX We've improvement about the of million plans, improved and
is see to both margins over the almost revenue, but So we're margin improvement the also XXXX the through, beginning that flow-through margins. to of increase gross due bps quality year XXX of profit full the partially
reduced $X.X reduced at way Payroll, look which by $X.X And is it another year-over-year, this million. to million.
So us flow-through. is as out some the costs that year our there going segment take and tells still to that progresses we're
things we The as licenses our geography to in centers, to build. primarily CapEx growth CapEx is for both for our invest PCs, servers, data maintenance We used well changing. in as of software
statement. profit income basis way And XXXX. and our stay on X.X% in geography going that's all down at of time, increase an -- own have and increasing this because it the sits are part for in has comparable or so don't it same are But that the we OpEx So the we our CapEx we're to estimating now year-end the a of a our call, the impact is in as from OpEx But not QX. X% and because different to reducing going cloud we cloud $XX operating expense our of does to million. financial at gone we loss to of
of logos. look lot million $XX.X won at We number We X. Slide did good. But won TCV. let's a of we And
to continue stable from We conversion TCV. into pipeline have
remain on revenue translates renewal We to okay of million also digital grow some All TCV. them to all, on our three rates recurring SMB We about it and digits. in translates many in at wins. the XX%, but lower to assets XXX XX%. they also that continue logos, DMR $XX.X logos stable of SMB, are did And our of include enterprise
worth like because historical contrarian, their One needs call-out customers sort uncertain to of experience outsource our today. business My more are like is is macroeconomic businesses environment in it's that that seeing ours it's but grow mentioning we that our of companies ours. that and
asset sharing for that look and digital solutions this have coming And in and us. well exciting we some So and calls very Shareholder today. the like ways numbers additional stuff I in bodes to forward Connect
Slide X. at Let's number look
Some corporate actions that key are of the corporate actions underway.
tomorrow. know results and we the not the of we translate the you at not it the I a.m. of be working appliance we more filing shareholders And and all today, our do more will adjourned. have to some early strengthening sheet, These publish the to as will XX on the liquidity. projects mentioned balance been special creation, of have promise likely here. We'll it improvement with three but more value today. the As likely have the are meeting be that you as
The final have reach hard we only not its process working sale get For destination. example underway process are to that. Project bankers Neon that but underway, a for
BPA of getting Technologies liquidity public company strengthening expanding a Exela subsidiary Exela And largest forward. Europe one results maturities, transaction a our very of of XBP we but it part reaches our addressing inside also Inc. destination. continue sheet the like XXXX final balance our share important it our initiatives to Technologies while will drive to of also And hope in its -- and recapitalization those is Our
These to value, announced We strengthen total discuss make will obviously and progress help -- of group on which balance vendors made continue sheet also create liquidity. continue initiatives with on a XXXX. to select March our but XX our we expand a
sharing completed. speaking to look and So to forward you these get of I some and they are as very initiatives important
to update, Over level Officer. off I it Shrikant, With hand Financial Chief you our this to Shrikant. will high
