afternoon, Thank and for you us. thank you, all joining Good John.
heavy, modern they been to manage the cloud it's to monolithic based provides the accelerate and from started have a This on the GTY help initial sector, private making, applications that prem require back, engage a implementation don't and been numbers organizations on SaaS timelines. citizens recent lower way and platforms years. GTY, that those are new in really has moving operation. government solutions their large decade Similar transform but to purchase price, the cloud-based away they For in - to trend
are the public the transportation migration colleges K-XX innings sectors are our and Included and target in public agencies. utilities healthcare governments, We still federal and water agencies, counties, early of like power, and to governments transit, primary cloud. school and municipalities in universities, districts, state
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GTY positioned As our opportunity well to their to customers transition modernize the cloud are infrastructure, to starting represents. the to is capture
you. unpack for a Let that me bit
product the enormous suites procurement payment capture ahead. to management, product strong budgeting, and solutions. GTY these best-of-breed provide grants a Our position permitting, Combined, give starting opportunity suites
right. the Our go-to-market brands are on
our for success. of three position that broad us characteristics have All solutions
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us for eight our of full great strong allow growth X moving for points, a and the suites of fiscal spectrum moving embrace benefits we We're across governments the to million municipalities, the product a higher newcomers of to small of was of trend all to all our finish fourth-quarter to the XXXX, to let's customers. foreseeable great report generate up the financial best-of-breed price the trend access segments and From demand sub-sectors for and business position results. what GTY, am In in Finally, sizes strong of combined, Cloud. XX,XXX was to our believe levels in to turn on performance federal future. from that our to I the puts way for a our to thrilled seeing the continued governments agencies. context that government suites. With large GTY's company. operating This year the Cloud the Cloud strong product us drove state
overview a results and our Let the quick of financial fourth-quarter. me start with for both full-year
revenue up recurring XX% For by $XX.X up revenue revenue total And year-over-year. was XX% of the underpinned up year-over-year. full annual this million XX% And we $XX an million, year-over-year. year, of million, of $XX.X recurring reported base
total our growth the ARR the remains recurring million trend, year-over-year. in QX The XX% $XX up our Though of we ARR, very is up our strong. strength recent of business core reported million remain robust it below rate quarter of slightly fourth revenue $XX.X quarterly revenue our XX% For quarter, yet which of over was and XX% again. year-over-year
deliver XXXX. able growth consecutive growth expect nine importantly, More ARR and to we our ARR in for consistently accelerate quarters have mid to solid XXs been
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total XXXX. the a of the for past, exact to total, a are the solid of new hard momentum pipeline As opportunities clients deals in of added but stated XXX XX In strong in the in have in somewhat a seeing we is timing in market. we we predict, clients quarter and
target Our sectors new of customer expansions. clients all well many as eight include as wins our across
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Sherpa, organizations, County, Utilities. Mercer Our budgeting and of have cloud-based been Orange Questica California, County, by including Florida, Colorado wide Spring range tools, a selected and
up in the which our with highlights $X clients. million Additionally, opportunities we the quarter, existing expansion almost selectivity we had have
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XXXX, As use that purchase. a of number expected we opportunities funds we into upper their for head are see to
nonprofits state Our grant local management platform, eCivis, governments. from continues to to market larger move and small up
we Sonoma customer city Solano County, wins quarter, of of of Philadelphia, Texas, solid of an California. had the with California, upsell Grand and Denton, County, city During city Junction, Colorado,
won as Indianapolis an our platform, known [Indiscernible] Transport otherwise IndyGo, Public Corporation. Finally, Bonfire, within procurement successfully
city Minneapolis. of four the not opportunity. GTY's We pleased all win was within latest extremely This different about businesses across relationships of are entities with have
and result we these precedes However, from of respond business RFQs to customer a experience our solid having that units. as is said a reputation that, our and reputation us other
one Transportation. of During a under colleges, Bonfire's Purchasing colleges the agreement Ontario Ontario expansion of Managers the customers agreement. the in all of material quarter with Florida, to umbrella University Tallahassee, the Association, Texas, the government additional Utah quarter, city expanded under we of Austin, Department Barbados, and significant in had bringing the that include an Colleges use nine Other
outlook I want the digital to that Before I within are X primary the transformation highlight drivers discuss accelerating XXXX, our governments. for
government While started common private behind they're perception accelerated transformation. true, catching and the is is digital that sector, which lags up
we First CARES expect all on importantly, with levels of be pandemic, and from Funding. surpluses from Alpha the Act the will exit spike and spending to government as procurement the budget revenues technology along deadlines improved XXXX. had we there that financial support foremost, in tax Most in additional the
all entities in Historically, in competitive the base two. current the have more employee experienced richer the and organizations retaining difficulty year today the over sector a and employees have workforce. facing retiring sharp increase about had We they labor heard have or and public challenges attracting last
tools. shortages short-term, create cloud technology tech-friendly demand challenges the younger medium it in will to may employees staffing and the long-term, adoption modern some the While improve look productivity, to as over of accelerate leaders
native Information a customer becomes sales a their technology our strategy engagement, efforts public backbone technology elevated infrastructure information opportunity into efficiency, similar a in businesses sector in information not and massive This service. the realized increasing the We decade contract Chief is emergence over strategic increasing cloud-based represents accelerating ago go-to-market roles, lead vital are Officers platforms. private which more persistent their average enhancing a As modernization operational impact saw will but trend only for that larger values. when was to to and and sector being
outlook. to Turning
towards our us, acceleration about excited in lead in we XXXX, look which we will are opportunities As of the front ARR to growth.
that our sales Our us enhancing to main expanding will our focus our allow go-to-market expanding capacity execute motion is pipeline. and
net the During and staff we of XXXX. half first sales to in the second of hire half added XX a more of XXXX, marketing expect and
in we full to We to and XXXX, new will but be ramped team heading take later members some time are up them the for into expecting contribute these ramp XXXX. to up fully capacity,
market. continue the our and a best our expanding all Chief units. go-to expansion is to James between the new business dedicated co-ordinates Growth the James's as practices and of of our corporate he Officer, was One of hires focus our teams, immediate is to sales recent who marketing level, at enhancing Ha,
amount our on group partnerships Catharina the chain and GTY to to of Catharina right is to add strong and highly helping head staff. us also to cross-selling believe attracting welcomed addition continue new a considerable focused In They work, time Geraud's, of plans. top spending our this and of our of HR,
Our business unit noticing a activity. leaders uptick sharp in procurement are
the were the nine in in six year. the first enterprise RPs, expected year, state the nine many there RPs, but unit half of in example, For more business attracted of one first months QX,
our business due above than pipeline solutions our Mostly to that's of GTY's in recent larger expansion Another teams. sales years. units and interest tracking accelerated XX%
budget financial we seeing levels noted at ARPA providing surpluses and is funding sector additional support. the are all public As earlier, of
for ARPA freeing spike budget something Public anticipate dollars will number XXXX. the we be procurements else infrastructure with number reallocating large a a closed of of cause budget for seeing entities factors dollars in in earmarked a that these and paid deals will spending. funding, expect sector and continue in deals We're have We already pipeline. up reallocated can technology in technology for small it
experienced the part number a to results. of addressing latter challenges XXXX starting are and hiring We now of we in are feel the
solid to led of have leadership retention new recruiting. and improvements recruiting in and investments Our
Turning to customers. by services our to measure, as customers experience. continued up needed to consulting but our with helping a as challenge and challenge short-term also that a we're be implementations Staffing shortages them speeding providing
On government to adopting a side, generational positive fluid sector in the new additional leaders will move that obstacles this to give will tech level of rise shift employees public digital strategy.
in Thank conclusion, have we are a we believe you. noted, stages provides initiatives executing As our to growth forward look public the shift its supporting our John. how sector you, in are excited the dramatic on XXXX. to of tailwinds very In services in multiple to business early Back and to we citizens.
