Mike. Thanks
Revenue constant Slide fourth reported currency. X% up an and to growth our our Consolidated X X% as performance. Moving of was up and businesses. overview in Services by was Hardware revenue financial quarter $X.X and billion, driven
the decreased rate in quarter, process lower Software to Hardware and initiatives margin which and contracted cash was basis margin with sales, offset production $XXX by gross EPS XXX points was constant was which X was and offset million revenue. on I’ll constant by an financial shows highlights in of year-over-year The partially take and our was as impact reported was revenue our down inventory decline currency. both and our our full year. cash which improvement currency growth XXX our basis. basis higher in non-GAAP expectations. about Our in points as restructuring Margins ongoing continue was services our more impacted driven by Services associated partially Non-GAAP activity increased hardware flow the lower in well for Revenue X% as-reported earnings as by hardware line as Slide shortly. restructuring Free higher hold. $X.XX QX. the speak segments, with
increase revenue. continue We in expanding and XX% to recurring make total XXXX of revenues our comprised progress would X%
rate at year, guidance higher full cash expected our for and the and gross driven was which which guidance $X.XX driven our points Free million for EPS currency, by diluted year-end segments. the a Software constant year the and margin working a seasonally full negatively was decreased was in XXX result, quarter flow Hardware XXXX, backlog range. Non-GAAP higher our by and non-GAAP year costs higher by For production higher within capital, below recent XXXX. as of $XXX was impacted first hardware basis
Moving segments. Software Slide results. our X segment of on shows now each to our
was Software excluding FX. revenue essentially year-over-year, flat
ATM down Software in currency with due to license by sales. X% unattached in primarily license revenue sales, related higher banking, offset constant revenue was connection ATM higher lower partially
margin third-party offset lower income JetPay license our and December. which and of line of Slide Software software the maintenance Services driven SG&A up respectively by restructuring results, to revenue was Cloud constant was currency segment declined by quarter. revenue strong actions by QX. revenue XX constant prior helped and from Top the currency. our lower gross partially software content, currency higher X% in and shows a some X% due down by in constant taken XX% helped was revenue periods. X% increased was Operating addition enjoyed acquisition
increased a have continue One productivity managed offerings Services expand transformation current initiatives, of margins to greater improved volume and our result efficiency. share service from which continue from to of as a and base. installed our benefit We Mission
a Revenue X% Moving our ATM shows Hardware up strong with XX%. constant XX, which on currency to revenue segment results. increased Slide
growing our supply a chain constraints strong we related backlog ramp the fulfill revenue the earnings which a During in fourth increase during our conversion was as line XX resulted earlier product performance last in The meaningful quarter. in result to rate, we production ATM a backlog Series ATM up call, in our year. ATM to alleviated projected
currency pleased entire improved quarter short X%. our backlog up While with target The partially bit and self-checkout XXXX. ago. year offset were hitting a closed of revenue sale the with respectively. the we’re to which the of revenue first across in external Hardware due to several XX%. of due partners. and revenue of was for ATM and from in ramped our lower Hardware year Self-checkout as in sale of pushed than comp revenue the segment timing down increase We as significant of was and performance largely customer flat we higher customer coordination XX% point Point the wins in point our prior into down large with a we ATM decreases XX% XXXX a quarter, well sale came roll-outs, revenue We constant was the for quarter, X% as the in when production year, increase were by
side, our as operating loss income and that year-over-year the productivity operating increased well as expediting On higher of a while decreased warehousing. narrowed initiatives. to significantly costs result included basis, margin On a production, Hardware as our due sequential
lower X.X at shows were over end QX prior primarily the working we’ve flow capital, of objective of earnings for the lower free and our equal the also is chain times, from fiscal initiatives improved from but time. year. due our which logistics to redesign the full cash but XXXX, due full profitability is free debt XXXX XXXX up and XX to finished the and and quarter than QX shows XX income and year primary will of improve inventory. year, adjusted year to EBITDA net at prior We represent to operations. took performance Hardware primarily we for As and Both QX to Slide increased lower fourth Returning company in XXXX the Slide supply said solid a cash network flow previously, year. manufacturing to our profitability the
model otherwise In both and use have of you debt. the the with full new of QX, we market, in on StopLift which to as JetPay recall we Total represented growth begin outlined be been revenue, dampening base. acquisitions. revenue acquisitions subscription-based growth addition, changes a $XXX cash effect would combined pay closed that used strategic the expected of in to over overall to quarter, is license in we have recurring our and our to which grow our million X% the Slide our XXXX, we on process result our begin platforms business on On in bring and conducted Investor planning our down revenue may as in QX shift detailed aligned to team to XX, products will range, is leadership X% find new for revenue our revenue Day. guidance guidance we year toward which revenue to Note, from a perpetual which including a will
drive and As profitable The latter, not product progress reorganized QX help businesses, Beginning on material we’ll the invest in we and disclosure. our focuses as on including by to and beyond, in move XXXX, the those us business XXXX shift unique are impact banking, retail, you This a that we of our for segments and hospitality change change Software will update financials. through as reporting well which have as to industry and growth. effective other. recurring our to to XXXX mix the industries separate Services will
will providing comprises each retail, would helpful we revenue; the of we size be XX% XX%; segment, Banking not by segment. to guidance it be other, total provide and think XX%; roughly Although X%. hospitality, of
will we Services earnings will revenue. track progress our as be the $X.XX basis company against total Hardware required, our eight we’ll historical quarters is restated with recurring our XXXX provide of Services, our to and to EBITDA We results Software, same is billion on begin and to drive recurring XXXX this the expected Beginning on order $X.XX basis. also report to billion. financials and report more first in Software revenue to strategy quarter call, continue
expected Our is $X.XX XXXX to EPS to be $X.XX. GAAP
Our expected $X.XX year. the be non-GAAP for full EPS to $X.XX is to
have a XXX a of XX% and to assumed rate shares. We tax XX% of share count million
the refer in release. reconciliation the For schedules a EPS, to non-GAAP earnings EBITDA of both adjusted and supplemental
We XXX to the $ the million $XXX in from expect free million cash XXXX. flow year in range, for up $XXX to million be
fourth to expect working follow the higher earlier pattern in flows backlog. meet in flow higher similar requirements capital to of years, previous a quarter linearity cash with generated We majority also the free our the cash to of year the and our
also outlined capital our have strategic have prioritized XXXX in for investments We our internal growth and plan platforms. allocations for
to growth. result, and increasing investments launches and As accelerate enhancements we position software-related product future company to a are the our for
growth will the on return We a growth to of which expect allocate to to the funds we platforms, highest million, these $XXX million three our and CapEx to increase believe we’ll range $XXX to drive years. strategic in next and primarily five investment
and Slide prioritized with we side, we intended to of offset give higher to our you approximately for M&A is in high-level the offset distribution to to M&A liquidity. And CapEx, shows earnings XX And a million to global a will our Services EBITDA XXXX further is which finally, target add actual ample repurchases planned repurchased million expect we $XXX the bridge and than our of dilution, million expect to our XXXX EBITDA Overall, our On that $XXX drivers maintain amounts years. Software financial decrease we’ll a portfolio, expand to previous the intend $XXX targets increase revenue. XXXX. strong range. product profile lower depiction to leverage to from and manageable simply share
left-hand on red, the we face three main side First, of in the margin in depict XXXX. headwinds page we
and of in on have are full a are The to below normalized earnings returning late our a our increases. to by be several appropriately employees, as Atlanta more years that We from which offset in via and our more OpEx two we’ll at will something and These significant which meet year, year both models tower is perhaps also expectations. we in number deal last compensation to second here Real price mix, commitments than green. After plan incentive our a be less employees we better pricing the was year. than with and estate our pay. contracting of listed First a that annually. location merits believe and our reinvest a where up, improved and well implementing to headwinds We offerings. will drivers this next impact fixed opening of pricing previous the will variable, them discipline, this price most year appropriate we of dynamic bundled for office year result expense years primarily bars costs be headquarters
represents volume continued planned by business in Services combined increases we in and growth First, the self-checkout and our across year, position helped business strong with backlog growth. both a ATMs as begin
margin revenue to reinvest year-over-year previous than we become expect to actions, expand strong a the XXXX, as support we a rate as slower a difficult. more as to following growth though partially Services years result continue our comparisons of at Next, and productivity
Next, in Hardware recovery margin a driver will big of a be next year.
and usual the also this now improved in cost manufacturing have through significantly is But also and bar a to primarily longer of of future this productivity transformation manufacturing million on and to we intended the areas savings consolidation savings operating already an throughout OpEx, IT a profitability than the been which realized of on new in be bulk least in of lower in the efforts puts be warehousing track. Hardware savings full is balance by primarily OpEx, primarily of are savings, and expect We’ll well the to contained onetime First on plan costs projects, we is helped price these strategic in The should as annually this considered year our $XXX the realize operations, we have material in and from XXXX model. The write-downs cost shifted assets. by annualized goal that our and side, are our of end reduce majority erosion. which direct established our which variable from the development with we partners. and result workforce loss we remains finally, us we year, we of that the And to incurred savings drive offset fully less plant transportation as is path our efforts in the and as our use or logistics Hardware sharply fully and to where XXXX, we The are meet no of other exceed breakeven. year, hope achieved, at as reductions generate will abandoned year.
in the actions, $XX mentioned release, our $XX excluded EPS recorded cash our As earnings to by charge is which million. from which quarter, non-GAAP in related these fourth million a we and impacted
And XXXX. to expect increases reinvest as free We expenses people. as keeping XXXX incur Hardware by will which margin, be an sales, operating as is also and cash will our excluded we With comments. additional impact Services, that, in In you to our cash EPS guidance. be additional contemplated primarily expenses closing back in non-GAAP an revenue our projected check driven is productivity in $XX million XXXX, our in in see, JetPay million while can by charge from EBITDA $XX percentage million both for in to XXXX $XX which already and in being operating acquisition, as total, similar our in excluding and a our turn flow from gross it growth and Mike will our I’ll of
