Thanks, you for And to of today. Mike. thanks joining us all
a show with X, of which the were Slide back our above May. guided we on or quarter, second every end metric the we provided higher in at level overview start top guidance I'll
second profit margin, substantial $XXX generated million and the particularly revenue, growth of free margins, in quarter, recurring we flow. gross summarized drove Mike cash and As expanded our
offset productivity We the planned continue to and will any that generate dis-synergy execute arising cost incremental are separation. to actions savings from
company are our our results plans drive financial results, teams demonstrative strategic pending exceptional the accelerate of the ready and of separation quarter's to for effort the This simultaneously transaction.
year-on-year left, as constant a particularly top richer flat was Hardware currency $X year-on-year revenue down the of consisted of reported, mix composition revenue on had software services. X% in Starting a a and difficult roughly comparison. The and basis. revenue billion
$XX that of about supply issues. out quarter first then chain and transportation of pushed a the was we that due recognized hardware QX, revenue to remember million year You'll ago
X% revenue recurring up FX. was adjusted for Most and up importantly, year-on-year X%
based recurring $XX from to will revenue high continue the nearly revenue one-time to upfront sales We subscription convert quarter, revenue would over streams. of several perpetual have In next what been shifted have into that years. previously recognized second from success multiyear million we profit transitioning the
impact to have within total by FX full self-service and lowered million, of an of ago $XX The retail compared growth deferral banking would total four revenue, and growth our to X%. recurring to we revenue revenue U.S. to shift the for year period, intentional about points. were If adjust primarily unfavorable revenue the strong segments. recurring dollar been upfront and This revenue
In to the top adjusted XX% right, EBITDA $XX $XXX up as up million basis. constant and million, currency on increased reported, year-on-year a year-on-year XX%
had impact Foreign $X an currency unfavorable exchange million. rates of
from of fuel, driven Adjusted by shipping cost the reductions higher costs margin a as expanded rate. in points benefit XX.X%. XXX costs, direct basis The well of revenue adjusted margin costs, component EBITDA increase margin and gross as margin direct mitigation XXXX The of quarter and such lower to as was the mix. in added second basis indirect XXX similarly actions to impact points lower
of bottom currency The non-GAAP tax non-GAAP year, on provision tax reserve reported EPS strength rate in was rate prior basis. X% the tax that The reduced another and a prior XX.X% up about benefited a $X.XX, The U.S. In XX.X% $X.XX. adjustment. year the EPS and with up EPS by $X.XX from left and versus by $X.XX. impacted constant reported, dollar X% or as the year-on-year a favorable
Back already profitability generated we million first of financial our to five, leverage. separation. for to described at and million In in a desire generate on capital. that free And October, have three in separation higher quarters working of $XXX the both we flow least the before our flow, anticipated cash heading improvements into finally, cash financial of those we reduce the the bogey position exceeded transaction free strong $XXX
for top in our which X, services. segment shows Slide reported the driven FX in as year-on-year X% Starting X% growth Retail to adjusted software left, increase results. by revenue increased Moving retail and an
in also recognized to over seven revenue $XX would previously years. the that will intentional of retail by points. revenue, revenue six be lowered revenue million We revenue shifted profit to next of four roughly occurred that This deferral have upfront recurring upfront recurring high to growth
shift recurring FX at for retail almost would X%. revenue, the revenue have grown Adjusted to and
currency, component the prior well of costs, year. latter in from improvements mitigation quarter XXX adjusted adjusted adjusted and The basis the up and increased part XX.X%, cost and constant XX% points pricing XXXX XX% rate labor year-on-year Second resulting EBITDA was in taking freight actions EBITDA for other as as over XXXX. and
shows Retail bottom The the the indicators. of segment performance key slide
or our $XX of of platform number lanes an year. our KPI our strategy a convert illustrates XX,XXX to that increased success of by $XXX retail conversion We last an platform of our the in or On lane our customers the model. lanes platform increase to XX%, time the platform ARR, At versus left, million drives lanes, incremental based subscription year-on-year. to
rollouts The to by lane major increase in driven fuel customers. platform convenience was
once And upsell traditional ARPU lanes the currently conversion and the we lanes, features of have conversion functionality cross-sell a lane backlog. substantial and X% platform represent total to less see the for platform, momentum accelerating further our than our drives and lanes of While opportunity new expansion. on
one. ARR our X% similar versus on third modestly revenue was the dislocation. of major quarter the last including self-checkout this self-checkout X% And calculations, of hardware quarter the year In negatively second in was to this comparative the revenue, ARR temporal center did of bottom caused revenue, the affect down year-on-year. is that year up rollouts year-on-year, Timing currency impact rates
Turning multiyear a EBITDA services increase of including margin processing. X rates software sales reductions XXX or expanded A helped hardware million high hospitality in $X an of largely adjusted and margin and to push richer Lower revenue year-on-year, XX% up all software XX.X%. offset services cloud declined pricing payment Slide X%. was our by services showing points POS Adjusted Hospitality to were rate mix results. basis and cost revenue, EBITDA revenue, higher. and
the at $X,XXX on platform to X% of new sites. average X%. Platform new platform Payment increased and payments key XX% drives increased sites higher ARR. bottom Hospitalities, year-on-year in year payment ARR this include up ARR. The conversion was and and metrics sites incremental platform an a sites, strategic ARPU sites both currently in slide sites,
an While payment sites of conversion $X,XXX. average currently drives incremental the
$XX Combined, sites in million the platform year-on-year. and sites payment contributed ARR incremental an additional
We momentum attached the client's strategic this continue and to to and clients their enterprise functionality SMB as business expand in platform transition see payments.
increased which the Terafina service Banking wins, to banking Turning XX, by renewal strong Digital digital revenue and success shows driven Slide and momentum, at platform. year-on-year, client our put X% cross-sell segment, channel
to second in growth about business XX%. to this expect We accelerate revenue half
rate was year-on-year increased down this of ARR this X% slide investment to Adjusted marketing ARR. registered and XX.X%. in key in Digital Registered EBITDA strategic users faster. active was due users margin an and to X%. bottom and a users, the R&D X%, Banking's active up grow include sales, X% similar users, metrics increased business EBITDA Adjusted was
revenue do the for will combined This by roll transaction. the costs form is some segments NCR this only. The easy for spin. XX, that indications impacted the separation by up of of or math you and by These at to Hospitality company Banking. perimeter Retail, currently corporate adjustments transaction, and financials Slide help At Digital that evaluate synergies the be we segments profit the reflect eventual from will unallocated Voyix directional dis-synergies result planned
combined increased Recurring X% adjusted combined The for revenue adjusted these X% EBITDA up FX $XX and by expanded up year-on-year, year-on-year as adjusted X% The or reported, XXX EBITDA revenue and adjusting rate was XX% basis was for points for XX.X%. year-on-year. currency. segments margin million to
turning to mix XX, XX.X% X% the segments, driven as Slide and and than left, year-on-year rental costs. adjusted winning higher payments EBITDA Adjusted revenue points in the currently flat FX. FX. to back margin for Payments high X% cash move by at X% expanded XX and this basis increased which up Starting case, richer and rate EBITDA as reported, year-on-year adjusted reported Network value transactions, a more reported offset network top and for of our was Adjusted segment. Let's
as cash of ATM basis pricing adjustments a costs year-on-year said, million short-term $XX after recognized on Because increased goods, optimization rental and interest these the million rates using a a and our drag our are gross are hedging efforts. algorithm much basis cash they impact on and mitigated cost results. rental That have significant of program have costs in calculated $XX interest operational net of and mitigation rates.
of bottom payments key shows network and The strategic slide this metrics.
on bottom X%. the across Allpoint increased XX-month year-on-year. growth endpoints payments a rate In Merchant left fueled networks. trailing illustrates bottom ATM that the up were processed are the Transactions acquiring transactions, basis On and across our center year-on-year KPI X% by withdrawal X% our of network an our
to cash the both The transaction amount a cash of Annual business an increase, rise in globally total cash we've a of decade. this per recurring increased withdrawn withdrawals the of of highest to better revenue the in year-on-year. seen in led the X% dispense part and amount level, frequency
in down and revenue banking to resulted of revenue, Self-service revenue over quarter. basis recurring as Slide in results. segment ATM this basis, was reported hardware XX, shows down XX% year. reported the due intentional X% on adjusted a up which Banking primarily Recurring X% our currency on revenue lower Self-Service the FX was shift constant prior
continue our from business perpetual We transitioning success multiyear to banking subscription-based one-time self-service streams. revenue sales have into
During million recurring to by the they would recurring in revenue, upfront to revenue and quarter, deferral The have would growth FX points. of revenue revenue. revenue revenue, the recurring for we Adjusted closer intentional growth have banking roughly self-service upfront $XX previously shifted X%. lowered been shift revenue, to from been five
well related increased to margin and on the EBITDA recurring consistent points the margin expansion particularly fuel from reduction the margin as The revenue higher FX be basis EBITDA year and to as adjusted Adjusted XX% expanded XX% direct in in streams. in basis, components, up expenses remarkable year-on-year was can costs, to credited increase previous XX.X%. XXX
self-service bottom X% software as units up on to to revenue units. services points increased a metrics and shows traction, left, Service to year-on-year continues key driving the ARR The XXX% revenue of XXX slide the recurring XX%. shift our to gain mix banking XX,XXX And basis increased the year-on-year. ATM
for review NCR XX, banking, caveats. similar Slide results Atleos are time will with presented Slide XX payments segments the to slide the the combined at This self-service similar that comprise On separation. and of showcases which and the the network on segment
the are here. unallocated corporate before, reflected not said and I As revenue costs
points driven and by year-on-year X% segments increased currency. XX% shift The X% currency. adjusted million to combined primarily and XX.X%. was reduction Recurring year-on-year two as the basis revenue to for FX. $XX adjusted And for intentional The up as revenue EBITDA Adjusted EBITDA X% was adjusted these revenue. reported or for expanded combined year-on-year the for adjusted margin declined reported recurring X% XXX
net metrics free debt Slide flow, facilitate adjusted leverage EBITDA to Turning XX, to cash which describes calculations. and
before, two working days profitability and inventory an $XXX of million sales we said flow in days quarter the of days cash generated we three As improvement by in free and Day outstanding by improved by higher driven improved sequentially. capital.
to flow, separation been generate leverage reduce goal Our has financial $XXX in cash the to free well before million communicated. transaction
generated now three which million down by flow generation. our of ratio slide a free four in displays, X.X of cash first The the those QX leverage of to profitability, $XXX EBITDA have has metric, also cash over and times, times net from of We higher to adjusted quarters. Driven debt five higher improved in XXXX.
remain and credit within our covenants, liquidity $XXX available We have significant well over facility. million debt revolving with under our
financial growth We liquidity robust strong a support spin the to have balance ample our and and sheet, transaction. stability,
expect profitability, of all revenue remaining we two and each on XXXX. reiterate back guidance metrics. and provided building those quarters of the for after a and in at of a ranges, said, sequential full financial models, the strong that end of beginning quarterly finally, we the our these And we you of all year year. expect Slide quarter guided of very further first And That XXXX QX, XX, trend be the we the now to to improvement at solid higher for of
that, back it I'll you. With Mike to send
