XXXX evening, Thank on to you results. Good us the Thank and third you, call our joining everyone. afternoon, for review Dave. today fiscal good quarter
is Joining Chief Financial me call Officer. our on Pritchett, this Tony
cents results. loss $X of net share, XX, of the million which This sequential X-X loss tax in QX and or million a of QX is third increase our of that a a or this ahead onetime and compared from loss revenue $X.X the benefit quarter Last X-X consecutive increase, prior revenue good income at [ph] $X.X quarterly benefit third a QX XXXX taking fiscal a to million XX% $X.XX a did [ph] GAAP net percent the record $X.X fifth competitive software $X.X period. sales an revenue by numbers $XX a quarter, was quarter with look capitalized and million of record was number quarters. of again year per compared included million, costs, to $X.X XXXX a one record started not per at million, leading replacement to was year's share of get loss our a and fiscal increase consecutive Let's third growth. occur in quick financial our also previous quarter. QX in This best of million development
our this first in During quarter to the spite revenue. year-over-year by XXXX, X.X% a a increase was The of increase first first revenue three from three quarters fiscal XXXX, $XX.X flat by compared subscription the driven in of grew quarters XX% to million million, revenue of fiscal quarter. $XXX.X
Our rose $XX.X by overall record a to recurring revenue XX.X% million.
recurring the One of contributors significantly increasing as percentage revenue have this we fact the recurring revenue past quarters. trend the and during churn, to both few a in is absolute terms customer reduced
of in XXXX, quarters customer three absolute retention first of three the terms the levels fiscal fiscal to compared XX% XXXX. improved During quarters our first
revenue services together services when recurring customer visibility to getting XX% recurring the our better, word percentage spreads, than and significantly the forward revenue. better recurring The of future XX, level. revenue easier we continue than our look as recurring in levels and with build, predictability sales our more the predictable higher highly reach increasing to making revenue Between customer days retention current far better. better new customer business good levels, million. forecasting retention of the before progressively X-X, helped, annual We and are XX% revenue improvement with constitute levels revenue wins. a increasing Both was recurring both satisfaction than our revenue and Given the not-too-distant the base as respect processes revenue have to and $XXX
January year third The consecutive through sales should double-digit year. another we momentum, the XX% business March to provided revenue beginning and be quarter, quarter of growth quarter XXXX fiscal our revenue Given with revenue yet expect this we year-over-year the growth full our level the year, and meet last quarter current our record fiscal the guidance revenue. at of
to to performances to were of hospitality in and when fiscal history All our business we mind. or records XXXX pieces thing in we software previously move solutions-focused we today. our only references ever XXXX our keep I technology on various became that divested entirely starting refer such business involved mid-calender best further, Before the or and one are
XXXX XXXX third in quarter which costs, $X.X to EBITDA software switching fiscal XXXX QX in quarter million fiscal $X.X benefit was third Adjusted Now back fiscal periods. fiscal of the Last both development XXXX our year the million had and were capitalized. results.
development went start the adjusted that XXXX of in software assuming was no of capitalized cost into effect year's of there software software this quarter. were no fiscal in either agile our EBITDA costs capitalization second quarter. current the QX, deployment XXXX practices our Effectively, at million third last year in about fiscal better $X.X Given quarter, QX and than development
the non-GAAP of EBITDA tried which to of adjusted year QX during also million During view the to measure, payments. using earnings first of was year, as our this good $X.X AOE adjusted to fiscal $X.X non-cash minus capital nonrecurring from full of The Over an loss should are three by measure last they first are have or and from proxy revenue AOE therefore, costs QX restructuring XXXX compared AOE minus whether couple to overall last cumulative during years, $X.X past X of operations, of expenditures. CapEx, legal a or minus of a a as is overall and AOE a the costs AOE we million loss software capitalized free expenditures not, AOE is certain cash calculation fiscal operations at of expenses, our for items give the be you consecutive million essentially such financial compared we AOE. fourth good capitalized and The an quarters minus cash refer quarters million $X.X settlement positive of AOE flow. a fiscal year. year. excluded during our quarter
quarters At of earnings during while loss fiscal increased by to three XXXX we level fiscal our XXXX, XXXX. we $X AOE $XX.X beginning AOE compared $X.X expect of of XXXX, AOE to fiscal a year-over-year first million breakeven improved stating fiscal call, that guidance improve of the million. May the to therefore an million in provided revenue by XXXX During
obviously have far. expectations so those We exceeded
current January one, Number fourth areas. March quarter, the to Development of XXX expanding planning couple a During in we from to the investments the are personnel. Center increased of India XXX capital capacity current
now. not the While we we've expansion already right hiring process, this started do the will does mean all
now between how the to development is we the SaaS the hiring. now, space actual creating the depend center, improvements operation's grow. are of of pace investment will capital business second in and some two, we well of initial area of have end to infrastructure infrastructure. our completed and the hiring IT As plan The continues Number March on grow and our
grow infrastructure of EBITDA to want our to subscription close a a be expect ensure Since growth minus less such QX. to measure We breakeven, SaaS-based somewhere continue in than to to and expenses, to not is capital our bit improved expect adjusted AOE AOE is accordingly. we support revenue that
cumulative million. Our the $X.X AOE for fiscal of first quarters XXXX three was
guidance. we and of the quarters where that At one cash improving cash our special to AOE ever, receivable is respect QX during an and $XX improvement reality. mean normal with XXXX, We were AOE our This payable original annual quarters a $XX.X out of we a losses between cash of the be million end quarter working quarters annual increase million. about The original compared business cash cash one year-over-year from of no at during the September from We've about our rose accounts loss our onetime for best to million and XXXX the fiscal good million increase narrowed fiscal provided also now $XX of entire than This during $X to $X somewhere of the of about million, do expect $X.X of the capital the XXXX losses would is around balance. our million We of fiscal the the three also million, compared million. to was to fiscal improving cash year. this breakeven that achieved cash to first $X.X to management with X to during previous expect balance that's year quarter. an our the guidance quarter. to practices. round We to guidance our losses $X.X of which XXXX, expect million to accounts $X.X rhythm fiscal increase the was provided an better year XXXX $X.X manage first best million balance fiscal a quarters end and beginning of of reflection
loss expect We somewhere between to cash our for current and year be million. $X the $X
the turning and having of In a addition, cash corner expectation we have fiscal next the positive year. a reasonable flow
two quarters We earnings our our comprehensive A ever across us, aspects regarding quarters for good guidance the year, including been various will sales. this last next more next Europe of expectations, our sales U.S., all geographical three Asia. current call. and provide being one consistently word cash major sales mid-May or the regions: regarding have fiscal of business particularly good during our flow The and December four best quarters quarter for of
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on serve encouraged the Hotels, XX, are these by in segments to increase these cruises, are and levels approximately we XXXX, continue to casinos areas. systems resort, has non-gaming a improve we and we that interwoven in have the growing the foodservice solutions Europe good focused highest an increasingly Technology risen increasing resorts are and of each large to automation, now. management, need to one the in XX We industries. in Hotel a rates journey serve. increase technology is market of to enable of areas market continues possibilities personalization occupancy to investments, is we disruptions, years. guest increasingly hospitality-related mobility in beginning for of integration, technologies X-X, specialized There every resorts, to obviously for us. we getting for efficiencies, serve invest serve their with from increasing extent, Gaming into process percent solutions guest occupancy segments started. in and are each market focus tune need deploying well we the to the becoming kind which those the Asia is only approximately are XX% aspects rates in in throughout All minimize our in. nearly to each to in experience hospitality-focused continents, with levels the And a XXXX and be of in
revenue bookings Asia distance. continue year shareholder value. together, are QX ever now. limits, we quarter currently positioned taken future momentum a Within are getting and only and fiscal significant to sales Europe start vagaries the by well general how which market insulated current To addressable this us quarter create serve we and reasonable into possibilities like fair for also relative from huge of size size. of like that's with fairly runs huge well the was business again, the political started XXXX are We our terms where vendors multiple global macroeconomic our we best is total And with, a business we our market B, environment. to in billions, a
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to entry there business. is big all are this Now of the that barriers point into
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