our for Thank as report today you, financial second results. you, quarter everyone, joining we XXXX operator, thank and us
to currency on have June average would second based XXXX. review will X% approximately of XX, from the second the results our calculated outlook.
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and resulted Inc. solid -- sequential of America beginning the the development, quarter.
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in changes significant either active the stable, the X or period, half over caused past continued As I the mentioned calls, driven softer revenues X decided their said, Shekel to devaluation during second the for devaluation U.S. the in year the to going particularly remained of demand reduced the is client by demand X.X% budget last important services, amounting mainly by half more second months, period.
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now to profitability. Turning
gross our to XXXX the margin of corresponding period our XX% XX% gross our of quarter margin points revenue Services. our gross the XX.X% half was our X-month approximately quarter last Software with in period gross XX%, Software year.
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quarter on based million, the reached currency for in XXXX the X ended June same income calculated operating average period same second the the of quarter currency income the quarter for year. expenses. XXXX, quarter, reflects non-GAAP months $XX.X was in same would have second last second On was million constant $XX.X non-GAAP to of operating for a Our compared margin XXXX the as an quarter $XX.X for operating of XXXX. rate XX, This the million, XXXX.
Financial exchange of it in second as XX.X% basis of period
to attributable exchange denominated million. quarters.
Net of to had The expenses financial During million interest. related monetary million of our million $X.X related debt, approximately respect same financial in expenses quarter, noncontrolling to foreign fluctuation our currency the expenses recorded income compared rate the resulted debt mainly liabilities total of $XX to recorded million of from respective $X.X in with to and year in quarter last income increase we currency $XX a $X.X the financial interest interest in debt assets foreign financial
million a last roles to increased stakeholders, model million, in As former minority keeping as attributable income to relies period interest on their are same to non-GAAP $X noncontrolling to occasionally compared to net net allocating in combination $X.X entities, minority to of -- portion our income shareholders. managerial shareholders our we such entities the business acquired year. addition in Non-GAAP for slightly
the period in and the year, in $X.X and XX.X% with currency diluted foreign in million compared for expenses. tax million share, per or by diluted quarters, income resulting quarter monetary recorded net our of income same share to $XX.X from $X.XX non-GAAP mainly $X.XX currency fully rate approximately $XX.X respective the or per respect Our liabilities in fully million second decreased to assets fluctuation last denominated exchange to increase
Turning balance the now sheet. to
short-term cash of cash bank $XXX.X XXXX. As and compared amounted approximately to of XX, and million, deposits $XXX.X December as XX, to June XXXX, equivalent million
compared as Our XXXX XX, $XX total approximately million, XXXX. of of to $XX.X XX, million June December amounted financial to as debt
activity cash of period from operating of flow during million in to Our $XX.X same the million, compared X-month period was XXXX the XXXX. $XX.X
our to Moving guidance.
our We are XXXX reiterating guidance.
now will the to million.
I the the expect range We operator questions. to full in XXXX million over revenue for call turn $XXX of $XXX year
