Good Brent. guidance. going everyone. and results to future Thanks, cover our I QX afternoon, am
of were delivered $X.XXX bookings, and I'll bookings, with and our we at QX up start range. solid XXXX X% quarter, revenue the of guidance the In in earnings. which over billion end QX, high
I'll contract is revenue minute. a quarter a the billion, to backlog X% of discuss which due down outsourcing ago year that the termination ended large a in a with $XX.XX We of from primarily
clauses, and clauses in of recall contracts these a excludes that are QX. types even such calculation contracts our from Also exercised, standard rarely of higher-than-usual termination under the revenue had backlog new we revenue amount with though
not contracts our backlog from expected months. at from combine our visibility approximately revenue XX% revenue you the XX the backlog, When over the revenue next included expected in and remains additional
Revenue quarter line up with and X% billion, our of in over expectations. XXXX QX was $X.XXX in the
software I'll QX now by QX XXXX go Licensed to up in over strong $XXX was our SaaS through the million, of XX% business in model revenue year-over-year QX growth detail XXXX. offerings. our driven and of primarily growth compared
million. $XX to by XX% resale increased revenue revenue of primarily Technology driven $XXX services. XX% million QX of and to grew solid Subscriptions in compared grew implementation last to XX% XXXX both million, quarter. services $XX growth Professional
of and $XXX centers. Health getting years primarily revenue out at of to lack leave from now related in transitioned decision Managed phase with of to million, services out clients made are the the growth just was data flat past Services the that our
that retention impact some XX%, clients Health left. have still but there for solid rate Services from is about is Note our that those at
Overall, attrition and to low we remains XXXX. expect return to services growth in modest very managed
Support was and expectations reflects attrition. our and $XXX which in at million, also maintenance impact also is with line flat the of
And was up reimbursed of million finally, travel X%. $XX
segment, revenue $X.XXX X% from at of year-over-year. up geographic the and revenue year-ago quarter domestic up international million billion was $XXX Looking at was by X% revenue
Moving to gross margin.
of largely Our in federal year-over-year down to from XXXX related gross QX QX XX.X%, driven our XX.X% business a resale. and by within margin margin was higher and mix XX.X% lower for technology third-party services,
Now, discuss operating I net spending, earnings. margin and will
adjusted and to GAAP organizational that compensation are release. gains expenses, both items, tax restructuring non-GAAP, For earnings share-based and share-based in these other or items, GAAP permanent exclude investment and adjusted expense, The our we results and compensation detailed adjustments, acquisition-related provide results. reconciled
line our charge restructuring of organizational related a the contract is Health. to quarter the with $XX termination this cycle million outsourcing Adventist revenue in Included
revenue and Adventist management for transitioning that earnings. is approximately reduce This have to This being to in on November, related will was process. result little nearly Cerner agreed impact by $XXX Health Huron assumed previously cycle based our back both portfolio by was with in but will operations beginning communicated decision a joint also early on Huron X,XXX associates best million, and This at annual what revenue Adventist and time. parties we
to outsourcing services. all re-committed revenue ITWorks This to has Health the Adventist only and cycle clinical solutions cycle that revenue and Note pertains services.
One gain our of is other that in equity but million is not investments. included our of one results GAAP results on adjusted note non-operating the $X item unrealized
through walk Now, our I'll operating expenses.
third quarter $X.XXX period, by of driven compared up restructuring $XXX to year-ago XX% million the GAAP largely expenses Our billion in charges. operating the were
adjusted Our of XXXX. were QX up to compared operating X% expenses
items growth at for and personnel QX, the sales Looking in an service X% professional client related line expense increased the services. by driven primarily to increase year-over-year, expense in
XXXX, a by capitalized development increased increase XX% software. R&D, X% increase gross flat QX over in Software of driven amortization, X% in and expense a
expenses. driven G&A expense X%, by a was in down non-personnel and both personnel decline
slightly Amortization of intangibles year-over-year. decreased acquisition-related
to margins. Moving operating
period. XX.X% operating year-ago in in Our was QX margin compared GAAP X.X% to the
operating down and XX.X% XX.X% from of in-line QX quarter XXXX, XX.X%, the expectations. but up Our was our in margin from with for adjusted last quarter
discuss that guidance adjusted The adjusted implied by operating an expected revenue in targeted and implies moment margin a QX. our margin for slightly over operating earnings I'll XX% our
our business efforts adjusted for our on QX delivering targeted also We margin us ongoing operating of XX.X%. keep optimization track believe XXXX
mentioned continue last I our As business cost XXXX. improving profitability quarter, and efforts we us ongoing our to optimization beyond simplification position believe
investment. Millennium, of our cloud This and a Further, be believe is largely by we modernization improvement particularly driver platform offset process, benefit the multi-year will modernization most margin near-term and for move represents term. longer to another
solution while expect and a cost at development we the along meaningfully helping to we with in differentiated improvements our our total driving a associated are our also this efficiencies to us lower contribute However, lower with deliver ownership. of operating clients profitability, process, move, costs to
in Moving $X.XX were XXXX. our compared to net GAAP of QX million QX to Adjusted QX or from net earnings which adjusted per QX earnings $XX $X.XX in $XXX EPS XXXX. down earnings and net is of were $X.XX in share, EPS, in diluted and diluted million $X.XX was
both GAAP non-GAAP Our QX. XX% tax and approximately rates in were
we short-term last which cash down quarter QX $XXX flow with our $XXX offset $XXX million of with from Moving of share to our cash balance sheet, and being by is ended repurchases. million investments, million free
$X million billion currently we $XX.XX, under have price of an our $XXX the program. at of XX.X have For and repurchased authorization average year, remaining for million repurchase shares
at our to to debt quarter flat billion. Moving total $X.XXX debt, last remained
Total $X.XXX the down ended billion, billion of QX XXXX. at from quarter $X.XXX receivables in
QX XXXX days, from XX Our was in is days year-ago down and days the in of QX XX period. DSO XX which
million cash the was for QX were $XX $XXX Operating capitalized million. flow $XXX and expenditures capital was quarter million. software
capital costs, quarter. as was million the less Free operating capitalized for and software flow $XXX defined development cash flow, cash purchases
solid cash remain free in to expect cash solid flow free in flow and growth QX We XXXX. in
Moving to capital allocation.
of authorization market next year, QX QX, As in on I and still billion $X We end other stock factors. QX conditions of to $XXX million the of remaining repurchased our execute the to expect we of by the subject indicated, leaving current authorization. and majority repurchase
a use repurchases M&A operations cash to of of with and on for the intend debt, combination funding we depending continue purposes. the this and other and We cash amount timing of our with debt whether from
total in a expect for definitive announce acquisition cash just year. and $XX approximately this AbleVets. we million this QX expected of Regarding is to M&A, did close to The we to agreement consideration acquire it
We approximately in expect this $XX to million of contribute XXXX. revenue
John and AbleVets a great our fit importance given will experience As the their is discuss, federal business. of
two XXth our October of $X.XX on we share first paid program, and our quarterly dividends to Moving dividend July per Xth.
through Now I'll guidance. go
full-year QX reflects in QX growth of expect over $X.XX $X.XXX our XXXX which revenue XXXX of and X% X% over billion. XXXX guidance would The We is of this midpoint and to provided and revenue full-year be bring billion, within growth range previously to range. between reflects $X.XX
and impact from QX it closed. the $XX guidance of approximately minimal growth our X% Adventist has this not would includes guidance agreement, guided reflects without note AbleVets that change. of termination Note from be RevWorks impact million our that Also given our
to EPS EPS be of range expect bring X% XX% $X.XX, higher diluted of XXXX over We diluted $X.XX XXXX QX this per The adjusted XXXX. full-year to which reflects growth share. would and $X.XX adjusted than is to midpoint QX
in XX% and guidance, fourth bring $X.XXX of to XX% QX full-year reflects quarter this of billion, down compared $X.XX XXXX. bookings would bookings range from midpoint decrease to XXXX Moving we to The revenue bookings a XXXX billion billion. expect to $X.XX of the
in longer to of services Health decrease occur given primarily a by couple different QX Adventist that those is no the from will have extensions Historically, included transition Year-over-year bookings factors. RevWorks QX large driven back Adventist. of
year, discussed this expected a contracts, that approach a bookings we are to has those throughout types of long-term and continue. selective led is taking this to we've decline as to low-margin and more Additionally, in
outlook to We our XXXX QX our for on call. provide expect
in summary, we solid third are In with quarter. pleased results our the
there and a do to is year, progress move good we against executing still made we but finish lot into have continue plan and as work of expect our this to XXXX. We XXXX
I'll call the John. that, over turn With to
