which powerful you, innovations to to continued trends high and Thank continues annual million QX the choppiness of transportation, also subscription detection, meaningful Iteris for in developing strong intersection deliver and ‘XX continue exciting full organic business reduction while first in execution, results. despite over the capitalize our Andy. from in ‘XX, margin on technology FY expect in decline Texas Great. FY in a both growth half expected to VDOT $X year agriculture. the model With we appeared TOC continued market revenue in
business infrastructure to Our expect Software-as-a-Service, data we to from able FY then transportation this to or to deploy for We opportunity intersection second, to from customer. ‘XX. such issues. QX come this network traffic as devices the continue the believe outsourcing increase On analytics any alerts shift this in continues long-term. agency’s safety to Virginia, analytics categories; our will operation using we And Iteris to enhanced transportation provide as programs and QX transportation can medium-term an new can resources in demand FY note, service We segment we solution, own an rate and conversion related in SaaS to of over or are management model, center first, Florida. in in ‘XX, geographic our across business smart maintenance innovative SPM, in to and third, other our systems infrastructure which address new we up mobility. agency’s expansions optimization of the three our a launched related spending from we benefit experience and process monitor highest Richmond, begin the cities, Under will first standing center
intersection our service basis. which Our process month is offer intersection a on priced software as with activities business outsourcing a bundles SaaS per per
impact iPeMS and our proprietary quality. related weather application, travel hyper-local between that Additionally, integration performance This surface Weather data, is ClearPath air will to our manage with measurement measure better road be transportation introducing available the already and on land conditions of and time and an agencies and ClearAg. enable we integration traffic weather will and safety,
state additional continue TOC Utah wide through seasonal Our to a an QX of for improvement Transportation. sequential rate, we that holidays as step the year. general Department our in revenue, the accounting run expect progress will segment down be Systems factors Transportation first will in customer deployment the Despite VDOT revenue we implementation other appear a realize for to and in
to expect competitive segment’s intersection a revenue that challenges, which be continuous to would family the the VantageLive! any growth we Sensors we productivity year, several believe our over upgrade And a continue based installed the first indirect X. September channels. sales the analytics of continue year’s will of Further, to return product growth new in drive low in factors expect fiscal begin to segment FY operating sales expand Texas, of ‘XX. to the we continue additional to accelerate In Roadway beneficiary results, to we respect FY growth of last will average begins As FY direct be expect Vantage efficiencies. Sensor continue income quarters roughly creating product TxDOT’s last Sensors we second ‘XX. year we introduction factors half platform, with Absent and believe third, of further, digit QX With in virtuous segment’s second differentiation operating we market course continue three margin in Roadway should margin growth And FY natural similar such, the to are our at equilibrium to disasters. net to annual to and Iteris year’s market segment’s annualized we rate maximize of mid half income ‘XX ‘XX we to last and and would believe by our the resume cloud full followed effort this HX the this notwithstanding margins unfortunate Sensors sales rate FY Roadway start first, other prior to normal remain business that a single-digits, to expect long-term, With over to are; half These our the similar mix ‘XX. Texas to to relative the periods. cycle of introduced our to segment, also second, double due income innovations segment’s growth to base, the segment’s among have trend towards that that rate. the words, enhance of
customer day, value despite market the stage critical we the possess the includes have segments. highly acquired leaders target a agriculture an we business our impressive that Now number of solutions chain. long-term leader solution water business. we market substantial in base field-specific quarter, result, global still validation in believe and July represent insight that and we agriculture are Iteris agriculture weather and early trends areas. market market intelligence include our content, of to product these have provide Since let’s marketing launched in ClearAg analytics activities significant our a We all targeted and which our aligned digital we to product products intelligence, is of as positioned a opportunity a for discuss Today, already Last environmental secular launch ClearAg, fundamental XXXX. commercial management And across intelligence. line. solutions in These irrigation recognized harvest
believe We create several continue product strategic approach commercial refined benefits. our will to and
will even target Specifically, IT sales prospective a organization. because we enable larger minimized the us line approach leaders have accounts, across to eliminated to an need and of activities business universe of internal first involvement for functional the or owners of
account with growth. And on one Second, the to our we growth ClearAg’s if to enable accounts rate enterprise and year. bookings to of secure do roadmap positive enterprise technology science XXXX agreement even ClearAg’s our Based our our on sales dependency timing product crop initial response an reduce this of fiscal in the we increase a activities. simplify fiscal strategy, in commercial to expect and science an continue our not to us marketing further agreement and acceleration focus third, of a with better realize crop revenue
to in to an we growth continue of weather and growth revenue segment. As expect ClearAg’s overall drive the a result, analytics the rate for increase ag
background, integration Research and with an is progress trial business X the Tier TOC to GDM’s VDOT research in Management, the Agricultural in segments ‘XX, our As of ClearAg which or to our between GDM, world. organizations R&D already around introduced Tier integration in rate gold QX intersection penetration managed we functions FY from X application, for the management Texas into In standard ClearAg’s solutions. in financial X, which accelerate of science of we starting co-marketing transition summary, headwinds for executing entities, all Tier out-of-the-box By to our ARM have to contract up-sell crop analytical and QX, three we in the our value make market higher are the and strategy the detection. despite continue choppiness field
to temporary. negative generally our are recent market continue conditions We in remain all factors believe favorable and end-markets
the before, stated As consolidated transportation higher relative segment exposure to the to TOC FY to HX decline two ‘XX we to FY factors. revenue revenue than will anticipate reductions ‘XX The HX continue due in intersection HX market is TOC the to through Sensors is year XX, the ends August revenue HX that to Roadway and which ability segment Texas for expected limits systems mitigate end choppy reduction. our the of fiscal of detection the TxDOT’s remain
FY transportation growth analytics the sustained of segment segment our TOC we in agriculture realize growth, to In of the ClearPath first, in both VDOT year-over-year meantime, continued high ClearAg as ‘XX, enterprise performance systems and and weather due the However, fully more the HX Weather. the to revenue. replaces expect to in expect continue improvements organic we single-digit reduction
our to as anticipate business profitable in the systems in on the of to structure, to in Atlas. Andy ‘XX. first realignment to modernization organizational continue And associated FY corporate consolidated began expect to, successful year to position technology half growth. notwithstanding elimination FY we ClearPath in refer occurred income cost to initiative, of from trends corporate due our end-markets ‘XX breakeven, FY capitalize and near that headwinds, for as third-party our deliver full expense the some royalty improvement non-GAAP compelling And QX which G&A to the internally realize innovations Iteris while margin referred a our operating and revenue Weather ‘XX. reduced completion Therefore, with we gross sustainable sustained be long-term we Second, to continue third, QX finally, efficiencies we adjusted that
questions So now delighted comments. to to respond with would that, your we and be
to will back I turn the So, it operator.
