Thank and you, expansion, strong bookings results, morning. Dave, with revenue cash robust flow. finished including We good and improved XXXX recurring
positive following and year the more steps payroll business simplified and professional our are a and migration business will of as and forward a both strategically that transitional view cloud financially. We services XXXX divestiture take
revenue, $XX our revenues, results. the down to XX%. returning Revenue total in total of $XXX were comprised or improved XX% sequentially million, than Turning project to of the Recurring Nonrecurring revenue and quarter. XX% recurring million during less revenue represent revenue which quarter. growth was
with margins for and flow, EBITDA operating represents was with in $XXX quarter for transaction our to $XXX year a million, transition separation to costs, flow cash of This guidance was annual adjusted Full more rate disclosure, cash the shareholder free In and expanded fourth million. will operating an consistent Adjusted of when onetime interest. closely line XX% our outlook cash which with XX% XX.X%. conversion we flow to XXXX, XX%. aligns
individual momentum. go-to-market improvement achieved an executed double-digit strong total for growth second half over our our We bookings solutions million Turning the year, for offering. XXXX and in XX% remains ARR integrated bookings, both for of our of and on Demand $XXX XXXX. to the
sustain double-digit to expect in As bookings a we XXXX. result, ARR growth
We billion. driving This contract sustainable XXXX under which factor billion XXXX building contract, XX% the revenue our of already Revenue long-term in to or is contract. under revenue and revenue under towards we're $X.X XXXX growth is billion, revenue X%. $X.X under year started introducing for target with and of key a contract X% is $X.X
will factor of revenue contract. the always, As our under play timing of a renewals in reporting quarterly
balance sheet. the to Turning
and total at billion XXXX. balance start million, $XXX $X the debt was billion cash and cash equivalents $X.X Our down quarter from end of was
X.Xx X.Xx, XXXX. leverage start net year-end was Our at an to from improvement ratio
we shares XX% by Returning key worth repurchased Subsequent XX XX% debt, to of shareholders end by decrease our basis fixed fourth interest quarter. interest to in and We the is year, $XX remains loan, million which capital continue the XXXX. repriced our annually. priority. $XX term the actively which We to of manage our points, lowering will a million rate expense our through through XXXX
buybacks. to million For increase million $XXX the our shareholders announced $XXX to we existing returned today, And program. a share we via year,
We second balance now dividend shareholder stronger driving quarterly balance reflects a declared cash we of return the our $X.XX. focus buyback have of share value. the Together, on million authorization, of sheet capital $XXX and and
Turning to outlook. the
metrics stronger key an across which includes improvement expect rate, profitability in growth XXXX, increasing financial and flow. cash improving We
loss basis flow nonrecurring cloud XXXX expansion project and growth the are our short migration margin revenue and the is as of and a result points adjusted XXX of bounded projecting While free work, we growth EBITDA efforts. impacts from term cash double-digit with in productivity over
includes to recurring X.X% to positive the growth midpoint, X.X% We approximately of revenue X%. or X% up At billion negative down and billion, year. this the with $X.XX growth project full through ramping approximately rates revenue expect $X.XX revenue revenue year
higher revenue prior expect to quarter every XXXX in year. growth recurring of compared the We rates
and the the I Given by year of a specific more driven and half losses on projects, through seasonality our ramp this view XXXX. on cautious dynamics be historical first will
with down X.X% For total be X%, expect recurring the first down to revenue to X% we quarter, revenue to X.X%.
down we be to X% X%, For total X.X%. to recurring X.X% including expect revenue the second negative of to revenue quarter, positive
to low driven by early to and return benefits a For the expect second single-digit mid-single-digit a the deal go-lives cycle. half, stronger we of new ARR growth, renewal XXXX
demand earlier, Dave seen projects. we have As mentioned in not for improvement client nonrecurring an
for outlook we the in in second revenue year off is specific expect to today the pipeline each mid-single-digit half quarter see the with these year's with first on based last growth clients roughly XX% lows. half of Our decline and
do a revenue loss a X% Without new logos, counts this than more new the We incremental from rate uplift to from contemplates material higher and of current volumes share our and participant expect wins would the view impact, be on modest this For X year, growth our of and participant historical revenue to growth year. over year. points not with X%. X% X% losses X% clients
to to efficiency are continue the sector changes, work. policy the expected based public of our government nature department related we on be business and immaterial While to monitor of the tariffs impact
expansion adjusted between million of XXX full $XXX year with basis XXX EBITDA margin to $XXX expect points. We and million
the improvements are given expansion independent We operational we've in made. the confident margin the of top line
initiatives We savings, and cloud XX% transaction the million path EBITDA toward from of synergies will productivity $XX the underway on to of plus adjusted benefit elimination migration from margins.
does EPS expect potential $X.XX, $X.XX include We buybacks. not year full adjusted any to share of from which impact
benefit million free from Free stronger expenditures. or to $XXX well of profitability outlook XX%. $XXX XX% as flow introducing reduced capital cash million will to as cash flow growth our of are We
on of ARR to continuing focus annual strong we million bookings benefits. trajectory growth pipeline employee a $XXX million, expect ARR a and as benefit we from Finally, $XXX the
forward during will Overall, our longer-term to we concludes Day This sharing and quarter the our We goals. details forward positions a XXXX Investor step and look our into that another positive question-and-answer next prepared we that results to were our us remarks, will session. step progress forward, on strategic more now achieve believe move be fourth month. our
to participants ask Operator, would you how questions. on instruct please
