thanks and to for everyone Thank call. joining you, today's Russell,
highlights. consistent developments to to quarter comments return with begin commercial ask update recent fiscal strong, third then our plan and I'll to on on Greg and you EXopen I'll performance growth. our
review we questions. guidance. QX the QX Marje full open as Finally, our will to well results Then, and as our up will year call
QX. and was up modestly Overall, quarter solid revenue subscription third our versus
year-over-year, X declined as improved compared the rate of still to subscription the quarters. previous While revenue decline
growth have While focus our work retention we business, I'm business. still stabilizing to on full progress that and implementation, go-to-market strong making to encouraged client subscription satisfaction, our effectiveness, realize potential of the is execution in do our
the we subscription both I'm us, new our to not to solutions clear their economic use strategically to supply significant impress choose also for to their only to the closed clients us grow long-term But deals is that for several value EXopen deliver caliber also their scale It partnerships. them for through for as choice. with QX, what partner with existing clients. and important of supply transform during that me clients current and will time the select global that solutions who of opportunity pleased needs, of the customer continues chains over our me is but chain and expanded the
build Today, It I'm market. and direction. quarters that and are are is traction, our by healthy, right solutions confident making is remains change goal attractive in bookings and moving supply to gaining subscription this our have fair our the also In ahead, share made changes EXopen at the capture positive driven clear that demand is durable chain tailwinds. for many on sophisticated we demand the next-generation are as the to we that
improvements the and As QX that a retention. achieving factor internal with results noted report were This targets. and follows and QX. consistent in our am equation important delivered sustainable I've progress significant an is to before, our growth continued EXopen's retention pleased in we equally positive I turnaround significant
industry churn, of reminder, is benchmarks. stabilized the are retention up year, gains confident occurred moving has which, a Given and in we we've QX this in gross and peak multi-quarter made that fiscal towards I remain this ordinary, that past as
of clients cadence embrace the delivering result makes Our our delighting we around is that a as in of clear place put company-wide mindset success on strong and renewals as client-centric the our operational value the front well priority. retention top
EXopen their Historically, retention. enjoyed strong
the weakened slowdown. in past years X in However, our factor our over growth a and performance major vital become has this area
grow our metrics now growing as we much renewals our for controls make far over strong advance with in to year on next only historical XX of and processes with those and threshold tailwind their relationships clients, retention to and progress As the our process, relationships, will the or a to renewals become out further example, of certain retention of and evaluate bias but we all months have levels not better, growth that a returning fiscal beyond. stronger goal a better continue those as depth towards the confidence
of serving that moved that Now brand Chief Strategy I'd been to has technology He month, role clients EXopen's the into since from our are operations as and recently leading a was Pawan & Officer. to of our a a build we been management start-up Last building company into Management today. Strategy, of a powers broaden been Joshi, announced and key owners. of team like new world's architect is EXopen's recognized expert you widely distinctive of the the EVP has of supply leader. instrumental XXXX on a our we our EXopen Product that scaled who Pawan handful leading the update and with on small strength some as steps in has announced platform chain industry previously leader software
most bringing our work largest innovation with new supply most and to chain challenges execute will on bear customers. of important his and engage together Pawan by global faced Pawan key decades and complex I strategy In experience, to develop EXopen's the and and his deeply initiatives. growth clients, also role, our will
work capacity "the will closely our I we product clients the a well. his Pawan the Given background, efforts deep Pawan our also innovation in execute as client" sure together meet co-innovation operational serve map, needs as serve. technology will develop and road making voice that we of and of as
to new role. has partner and all indispensable Pawan he designing and of implementing EXopen's this assuming I'm as that be an excited transformation been aspects our tremendously is time plan, in my In CEO,
Lohani last has announced Product of and multiple joined Officer, Intuit. Rachit also reporting software at product Rachit Technology to month as and Paylocity, our engineering leading me. record teams track and high-performing high-growth global, We impressive companies, Chief development brings Atlassian an EXopen as that such
EXopen's oversee R&D with our partnering In Rachit at and and strategy the these role, innovation. created to activity. will pace combines Rachit as for unified CPTO leader responsibility infrastructure that accelerate our we map. take have product the newly road will functions full accelerate closely forward and He management, organization EXopen's SaaS to of engineering look a look I a product
share supply of innovations, Thanks chain commerce. to and our and and supply benefit, I that broaden global a of to first thousands industry the XXXX will network to integration technology. has M&A, our and steps through in-house team intelligence universe having the recognized of companies in am of the potential a network of layer these embedded widely of the EXopen allow reflecting EXopen vendor years growth with other is confident to were unique built across combined these pioneer platform the executive achieve become large EXopen's deeply of chain strengthen and software platform. development. the hundreds for and inherent conduct artificial maximize into a single software app-applied We in that Fortune our integrated use partners
ones and pace the forward, traditional trade political supply to compliance list moves new goals. These tariffs economic global we trade for companies ones, to the This now likely move and that speed sanctions with challenges. in include rules. contending of port measures transit other to policy which labor innovation we and And to of use an will as our and newer Global U.S. at have business. match administration ever-growing congestion, As chain such delays, business such of the a global continue disruptions or pursue complexity evolves. lead exceed increases labor are list as promises and
to which holistically solutions, complexity into visibility assess provide and uncertainty. and sub-tiers planning evaluate execution, channels, impacts, issues, from actions. platform take are empowers users and manufacturing comprehensive sales quickly EXopen for span our ideal traceability identify and Today, alternatives corrective managing product and to business deep
generative potential to functionality our we suite, to even as of product EXopen, such continue both AI, we high-value which our actively the At into technologies, traditional make software. powerful. use more our applications incorporating add emerging expand our have to to And and are AI generative
pricing. Within our by to decisions logistics embedding AI are carrier incorporating on-time carrier for performance example, applications, and better make the we of help evaluation tendering rates history into acceptance shippers
allocations. global trade, agents, query many trade screening. AI processing compliance global accurate and automated of in goods promising These include classification more documents, has language-based natural And unstructured
to our AI-related we continue work as share forward. portfolio will across We our move development
fantastic on needs. focus continue who provide a innovations leader demanding ensure delights to performance our our we and operational is and for for foundation user Doing remain with forward most delivers clients so, focus meets and to move clients. provides deploy, we a strategy, that will years we'll our experience that easy will sustainable technology ensure EXopen's growth on a come. strong their and to we to As platform
add strategic ongoing. year in remarks, is last March Before my completing still of that that I want our to review initiated we
or quarters, take not with the further will questions today. As comments we on prior review
Greg With commercial provide that, now to our ask I'll update.
