to us. thanks our execution and taking Iggy, to EBITDA for expectations. join and revenue you, Thank the second time I'm the our with exceeding pleased everyone for quarter,
We continue to drive higher revenue growth profitability. along with healthy
client that deal diversify institutional the by and our ever a the in management systems and doubled last continue the signing And We with more involve to quarter, than clients is quarter, legacy end-to-end signing world. of to on than we from base managers continue displacing across higher have. brought another on our solutions. more We high-value X-figure conversions ACV asset bring implementing client we OEMS we portfolio that our
client while in global of resiliency with XX% persistent an model, In even increasing market but conversions fact, These client only not the operating our business grew the of for year-over-year. our strength demonstrate volatility. results by demand, new bookings we also environment
judiciously able As measures transformation impact. to of key seen better impactful periods and that cost manage in funds technology investment we with have in durable previous minimize margin are more and market volatility, investments
As pipeline we allows experience. expand but a excited about XX% up overall of unlock made of by is us strive I'm part also also further us demand evidenced in our previously platform Express, our details that which a this for The leverage ecosystem. all advance I'll as alpha management widening Enfusion excellence mission-critical the and strategic share on productivity our capabilities our clients of which strong as to informed accounting, and platform and the execution, order robust management to their that and of as our and steering that result, a a rethink improve expected, cost of asset in institutional our we're for attribution, competitive we've are for, the larger is launch Enfusion our year-to-date. only With presence. OEMS lightweight global version moat, our more the the new this of TAM, in cylinders. solution, against upstream which continuously services. component of portfolio SaaS tailored quarter seeing how efficiencies success, advantage managers, across nature the investments and demonstrates how are firing to delivered advantage, that continuously drive execution performance is operational our both of our their TAM, risk we has management, operating been new directly helping unlocking real-time client data successfully the we the with and moving and now Overall, ability management, a decisions, expanding the results adjacent direction differentiated cloud-native leveraging efficiencies more transparency, fund analytics, not major trade of managers to These in are moment. long-term this strategy and delivering portfolio end-to-end A structural elevate ongoing have and managed approach propelling generate they level clients. I'm impact said, that excited
accomplishments transformation is points Enfusion the supported investment unique high to Our This continues a at the innings the be and its combination to management proof early be that this be in this the of well to forefront is quarter are positioned the continues and further growth space. Enfusion within of industry shift. profitability digital by technological that SaaS of fact
little into results. deeper the Now a let's dig
$XX.X to managed by grew our This software more innovative of across year-over-year. products driven XX% represents growth and $XXX.X was XX% as ARR record client this cloud-native continue products. demand We Second to which generated continued quarter across We on our and out opportunities adoption million, all build we a reflecting find and sales strong robust hope execution revenue to offering. to growth push services services. million,
return which achieving track with this margin of positive $X.X result the margin our in long-term EBITDA next X expectations years. I'm generating pleased as our represents improving flow a record. to to Second I'm consistent cash it of this and our that with profile quarter million, progress in supports in quarter, past exceeded was XX% adjusted commitment operating shows resulted significantly adjusted our to margin report our our happy our XX%. and further this X in EBITDA
leaning of help to customers This continue certainly see elevated productivity upselling software matters most. and products volatility. managers' the services which existing investment market further success resiliency on also is despite the it to reinforced when efficiency, to by We drive global business, with demonstrates to and our additional continue in appetite
involuntary Our XXX.X% improved churn involuntary and including net churn. to when when retention dollar XXX.X% excluding
product OEMS, customers see to more continue We our analytics. and end-to-end adopting new by embracing data solutions modules, including
sales marketing. moving and on to Now
position the offices various we added win on. team across ground client clients new quarter, in Notably, go-to-market family and locations with won is globally. diversifying our during and in X and Our to ability quarter the ending We funds lean verticals the in gaining clients geographic equity to clients XX demonstrating base. in continue private advanced the new our our quarter XXX APAC, we
build to on continue winning managers. with and managers larger fund institutional asset also momentum We our
solution. mentioned we gained the managers are also is rising deals who are a good As to to upstream continued quarter, end-to-end desire ACV that continue demand a wins our is from and larger on our comprehensive new proof for The technology testament These increasing that of wins X move higher. fund asset the trajectory earlier, our secure working points and managers. institutional large X-figure
reorient technology managers cost carry they fewer periods switching us, new To are improving finding focused higher the continue. is that another legacy Over elevated we are is contract that are lower working, of also values, fund especially with of our on winning previously We productivity winning incumbents of proof fund quarter. pace. rapid uncertainty. XX% ownership, while more conversions to we're tend were stated, to than and reducing systems client new conversions, second priority launches. strategy risks during believe what generally displacing This point this in important and also We because total costs an wins more at of you anticipate efficiencies because conversions will an legacy and conversions we from
our the of Finally, the To XX% more OEMS compared component period we bookings in is it continue same designed story, doubled as we OEMS OEMS manager's product in end-to-end prior to mission-critical our bookings client because OEMS that critical reiterate, paying than for total a for for suite. to compared prior and continue the solution adoption demand enhancements to see XX% well to make period. nature to a off. investment our same The our robust accounted of validates as purposely the platform. are
as debt let X-figure expand ability into geographic solutions, successfully in quarter, which regions all adjacent I'm me our numerous products special larger with strategy. investment for in us, York-based we pleased a platform Enfusion's proprietary processes. saw office well and validate across driven, manual a error-prone improves incumbent cloud-native from bake-off because This the fund to that hybrid also which and strength into to selecting importantly, of as proprietary from drives for I'm alternative has again The XX% strength our contract but multiple OMS, employs internal funds, models, a best-in-class investment larger customer a in grew the won through a client it in-house resources, more meet represents manager several billion Now the greater U.S., only realize for demand X-party process, the and reduce highly announce TAMs, bespoke the was our you savings, automation, overhaul including and deal client debt needs. and to to walk our as funds dramatically our takeaway not back By that win to well to demonstrating we ability consistent their significant our but credit, this demonstrates Enfusion, continued revenue combination types. were middle In efficiency to as expand was assets cost comprised it largest we outdated wins this New was meaningfully providers under new situations. seeking to manager middle where back workflow office products manager well-known end-to-end the multiple and management continues competitive about and their competitive of that in-house as third fund support deal replaced win SaaS excited strategies, systems, as $XX particularly history. enables manager regulatory the solutions. and a fund demand year-over-year
Boston-based institutional clients will incumbent and with which also a The of accounting limitations a framework, With driving and around revenue signed functionality, tedious addition, creation client cost on while In accounting various we fostered year-over-year also and focus $X of elevated portfolio API driven robust to savings, workflows grew manual with flexibility that science-focused scalable, this the their simplified Enfusion The in more a value system incorporates private region productivity. provides life In open asset workarounds. by the time-consuming private an and can XX-year manager public EMEA, assets. longtime investments. is provide the and provider's support Enfusion, struggled demand. healthcare XX% quarter. benefits improved public now was enjoying strength to and the billion
simplify inaccuracies, of overhaul entered workflows, required their technology equity solution replace footprint, reduce compliance front-to-back increased their compliance The to solution selected was seeking which drove also but meet a only costs susceptible multi-tenant and accounting ballooning example, agreement platform a costs, an Enfusion's to global with cloud-native selected They errors into and fund processes infrastructure risks. requirements. manual technology streamline a to not For and substandard scale multiple we regulatory that and their their and Enfusion all to London-based to process. The investment fund. to on-premises long-only SaaS cut cloud-native fund
The current the legacy to In product, limited investment risks. Enfusion's to addition, inefficiencies. asset manager multibillion-dollar a to I'm prone error compliance pleased which announce into signed offers selected analytics EMEA. the our scale, provider's consolidate processes and another including inefficient replace manual institutional and product firm to platform long-only end-to-end Enfusion and we OEMS in data investment reduce functionality source suite, truth and single of manager PMS, will enable
We we XXXX, of APAC. will into in deals seeing the progress. results are see within impact second there. to as in territory turning country the we quite particular to a managers region. the X Australia, making We was I'm We and standout the and we continue by in tremendous Now the XX% half and that expanded pleased grew this ultimately, success quarter. Australia investment revenue year-over-year have recently are we with won
included win public the and family scale for diverse of significantly that cost Enfusion will aggregation, support marquee provide mining, cloud-based a robust including consolidation our savings. and Further, its estate. and real invests a agriculture investments enable and instance, while managed equity private realizing Australia's Enfusion of firm energy, company For offer assets in to will businesses, end-to-end across investment range platform. private the and services X offices largest data
office scale also Singapore-based processes, its asset manager fund institutional functionality signed partnering its from fund the front-office We to Enfusion, allowing manager. with to and benefit and features outdated front and a revamped the back. the manual global from new back the By technology office
expand and thrilled I'm manager. legacy expand first Enfusion's selected their They conversions win times global further significant risk of our exciting PMS investment announce Finally, OEMS meet won Taiwan-based to markets, regions, upgrade market platform and during ability adjacent uncertainty. and and to These them new upstream all technology allowing move solutions validates wins to requirements. more we all across their our into scale to
on and move to Let's product technology.
moat. fewer to new new technological delivers partner and includes fund prime operational both because execution, is for As product continue A and cost our distribution desk accelerates cloud-native believe downstream to few With and OEMS at capabilities trading of our edge core their leverage administrators. visibility. million to new Express. OEMS level us order tailored ownership. to managers innovation funds, inefficiencies the a channel, apart deliver management fund post-trade a the of a legacy launches win solution, the this existing expand which smaller activities competitive general it reduces and only their outsourced teams fund not which and maintain we market, lightweight, brokers, Enfusion opportunities pre $XXX client, time providers our Enfusion of but core new our The rapid portfolio that solution and sets a availability smaller total of announced This a tenet, manage to I our our will and weeks and and us including allows product, from Enfusion flagship managers, pace, new of product Express needs called addresses AUM. smaller It's in than market ago, real-time
us managers these several transitioning seamlessly grow, launch is strategic Enfusion can find Express scale they for product reasons. for a to As easily up, comprehensive sum end-to-end To by solution. it Enfusion the
areas it to investment unlock clients, our underserved in downstream First, more accommodate in point new globally and TAM smaller effectively proof especially represents opportunities funds. the ability market, another address
our us clients. value Express and partner our moat deepen to allows by Enfusion the to increasing Second, we competitive broaden bring their relationships
a short begun our in this launch to for good period fund's established of are of and distribution and Express In time, market have we partner signing scale signs success with investment our partners. clients, a already we Enfusion and which with thrilled I'm with partners. clients rather shows motivated Finally, our clients us smaller lightweight the seeing allows with grow already desire this as solution.
front-to-back rolled enhancements our Express, In addition platform. across and XXX to out features Enfusion Enfusion
XXX For management product solution, released we enhancements our features. portfolio and
improve experience. solution, where to our updates to quarter we XXX OEMS We continue this made the client improve
dynamics. market to Moving
Despite winning market are several market, to seeing well in sales driven While conditions. lengthening is continue in dynamic, continue which cycles we this be largely fund for trends see we bodes for Enfusion. hedge which successful share, to macroeconomic we the launches, by
is First, which an a in increase market for the trend we're opportunity seeing conversions, favorable us. for
prioritize strategically higher pipeline conversion moving our has toward As increasingly we upstream, opportunities. predictable and become yield more skewed
because simplification, periods efficiencies we're improving productivity of In This fact, for conversions now in our want strength account fund in focus pipeline especially managers and clients, Further, for seeing XX% lower overall market transformation, to of our technology on heart cost is conversions, uncertainty. of finding delivering of through activity. efficiency provide consolidation, and the what we ownership.
While know we through believe that right that we solution well weather the don't to market will us positions the what bring, uncertainty volatility. we the have
industry end-to-end navigate a X our cloud-native investment prepared managers. for data solution The to strong. delivering source true demand single opportunity. spend for shift they more continues conclude are was investment to as remarks, funds quarter. of multi-tenant priority SaaS disparate market a solid and truth solution to remains able a end-to-end need be To to unified Finally, remains from and strung that Technology away set, seize seamless cloud-native, the for a on-premises solutions this together under uncertainty
to transformation, to embrace We our and and digital results strategy on and support TAM, in to expanding to and the The unlocking technological positioned are continue continues managers adjacent new maintain investment our moving leadership shift. well of continuing that upstream. cloud this global be this execute quarter footprint Enfusion its
to delivering our we into continue this and continue results we are currently We in we profitability of and quarter, the have know, consideration along goals. have with clear we the sight high profitability. high revenue believe poised what momentum growth to generating Taking a line growth, achieving quality
gain share Steve to we to our eye as for rates, turn industry will as by conditions. rates evidenced what's growth macroeconomic excited booking and discuss are continue we trends, outpacing revenue over to market We keep call growth the now evolving in financials. and come I the an to
