everyone Today to dive our thanks the and join the taking market us. into deeper Igi Thanks quarter results to road our I'm ahead. time highlight to then going for first and opportunity and
executing and the the base focused ahead the adjacent is product investing portfolio expectations, growth, resiliency future our quarter, our the to have a We of addition by model driven envisioned OEMS our winning outline overall have of notably in our said, areas strong. remain company the as management innovation. long-term and first well strategic and new revenues larger our as managers. to that and three The both unchanged of new as global utilizing remain a throughout global business expanding managers on solid adoption we time the of two seven-figure and same client done we all with we and native global cloud of end-to-end Overall, managers, continued managers, institutional around in asset deals upstream institutional delivered the managed enterprise TAM, four across built fund We as our fundamentals markets. business solution becoming broad With and company. the our moving for for same For presence. are all in for fund the journey had so global services expanded hallmarks we we quarter, targeting asset of volatile the execution, experience past, for excellence unlocking and successfully and public offerings,
has returns expect investment profitable delivering to the the and an This revenue our cloud drive clients are industry incremental management We investments had over speedy growth these as return. to generate platform time services. and and already a embrace to our effect amplified continues they and to continue transition
of consistent continue to business our global execution the growth ability strategy. of revenue our strength to to Our high and speaks deliver
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acknowledge signed I expenses the public moment well benefit non-recurring million as more shareholders grew fourth $X.X a was recognized us. million, want acquisition wins robust with $XXX.X back XXXX. are to million, new the to to fully operating ARR of to XX% quarter expenses operational and take expect to related from higher company growth costs talent existing larger expected year last EBITDA we retention. in of both our the than client as revenue reflecting quarter $XX.X related Adjusted customers. half First that XX% to and of in reflecting customers, new grew we and as seeing
Given In share we will do moment, this our and sentiment walk profitability Steve on expect better. record to detail. expected, with of a additional recent level you track the through this
we're despite and by customer our seeing healthy churn. the a as model and net and existing the products continued services stability retention involuntary exemplified our upselling volatility. XXX% result to additional Turning the dollar of The retention net of of excluding growth, success dollar business durability when demonstrates growth market
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asset volatility large These management, all management conversions legacy systems institutional market seeing penetrated and by from conversions. replacing new manager institutional the new the with having also points managers who demand accounting, across And further the institutional market across of fund comprehensive are we're fund enterprise proof managers, solution. to and and four investment launches recent management, provide managers still more portfolio desire we were investment compelling technology both the alternative success large execution which signing a world, wins We end-to-end order further despite systems. strong
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purposely is our it designed First, end-to-end proving solution. out Enfusion
middle, stack. Our technology and office OEMS the solution full back front, supports
the and managers OEMS, With complete offering. of the the adoption accelerating of investment breadth are recognizing depth
are our traders communicating orders OEMS through to selecting increasingly bolstering confident trading solution, ability further mission-critical in technology our by support strategies. stack, Next, our
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white-glove mutual Our to service coordinated providing clients. two teams committed to are
coordinated clients joint two from services bespoke benefit across our will Our teams.
moving about several I well in wins and am let in client the XX% client new help year-over-year types. quarter our Now, to me saw that you walk as excited as U.S., we our the through In shift entering progress upstream strength across revenue illustrate and all grew as markets. products
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we XX% the region new adjacent we continue APAC, to turning Now, success across to by markets. see and as revenue grew
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bring solutions solutions. investment of customers roll to native managers. our our products seeing We innovation are new also cloud continue for platform benefit We our to and and out the next-generation end-to-end
fact, frequently front-to-back as allows our and nimble be out platform. releasing In quarter, architecture native as quickly XXX software our the across rolled to and by updates more first than us to features Enfusion us enables products weekly. cloud updates enhancements provide In
to For example, community. our solution based client we foundation This the with management from on evolve clients. is partner continues how portfolio the our feedback to our
released a walk me during just couple enhancements Let the quarter. you the through of many
events, facilities provides First, and facility automation feed processing users global credit our we The term paydown users view compliance with tool, new data with loan enhanced to activity enables processing, update credit and which rules. global holdings ease.
of exotic derivatives as addition, models we such to added pricing swaps. In volatility functions
out we than investment XXX OMES, more experience. effort enhancements in to and the features the rolled streamline constant manager For our
meticulously quicker, art venues. our stack, that swap and which only the and order vendors. partners as as a intuitive point a platform. In operational freedom also first-class IRS risks, our but ways API-driven believe APIs also integrate clients continually our access fueling engineers broader fine-tuned staging ability We're for our to select order for have our data well gives expanding we imagined easy Enfusion reduce clients some to of entry, are and in And allows We rate efficiencies drives interest new to single IRS not deliver the these seamless, execution our technology more transactions in use third-party this, never of with our with to enhancing possible ways. ticket instances,
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sign-up importantly, because differentiates customer to kind continue It excellent clients and the of is service is seeing with are high-touch impactful. that We Enfusion service. our of more
dynamics to helpful me give would it color how and dynamics be think are I these some also for Enfusion. market you impacting on
are trends the several that well We market seeing bode favorable in for Enfusion.
added inflows the the With quarter hedge the industry of fund the hedge in during industry XXXX. flows seven in first quarter the $XX.X increased despite net years volatility, attracted to largest Intelligence, billion First, market first the of According fund of XXXX.
hedge rates market interest to investors for risks. volatility, higher as this in Given launches rising well and are increase in searching anticipate fund an bodes hedge think opportunities us XXXX. we dynamic We their for
as positioned strength by enabling not them efficiencies. but the capabilities help technological also and of evidenced alpha, volatility, alpha. our continued costs even Second, well period a as focus seek in periods delivering to is in market efficiencies volatility. as become to managers recognizes of profitable. more reduce our investment market during on achieving opportunities of The searching They uniquely for cost only Enfusion to them realize pipeline,
to Next, not the relevant continue the investment as now managers operations consolidation. a only to support systems, but design unified see replace more opportunity have that legacy to consolidation, industry we technologically merge to choose in solutions, more manner behind can more
generating good cloud this solutions. exceeded our conclusion, was a revenue generation in cloud-based solutions. digital management to tailwinds legacy in shift. quarter. targets They next We toward believes continues move this the of to topline early we're end-to-end growth. Finally, it's Enfusion transformation native secular in strong the leader by investment disparate XX% technological market. a that industry seeing innings The also systems In a are driving from
expand EMEA APAC footprint, meaningfully We in international and respectively. XX%, both XX% driving revenue to growth higher by continue and our
our We continue to and execute to on larger to unlocking broader funds TAM. new strategy move upstream adjacent and
all XX% To margin end, partnerships of while meaningful When I'd strategy. have clear develop our of all to clients two up, achieving sight our target continue our accelerate this and years, experience that long-term we innovation also I client our and above require. growth next excellent to that We meeting a three that new the the build position line in to efforts excited commitment over add like in of the and to employees thank as investment about Enfusion software. Their dedication. With wins how unique and we where leader for hard market and to our I'm about momentum solutions, continue to their work management company future. the our going continue this we're in take
to financials. now to me Steve the turn over our call Let discuss
