Thank conference you, our call the of discuss XXXX. third everyone, results the Welcome, of to Kenny. to quarter
expected. came We third in are the that pleased as quarter
we More goals value, managing the carefully shareholder our are continuous strategic while challenges facing. short-term perspective, towards generate importantly, made progress to from a we long-term mid and
and are, us which of that term. fact our slower-than-expected near to products sales at Those our customers of issue excess by services, prior discussed, products disruption. new customers, a worldwide the the continue by we our seen customers continues in our of inventory includes to specific products. slower As years With of and to our product by the is consuming this previously be in the in sales those further their built customers their impact inventory few have chain therefore, response impacted supply ours being excess pace up this hampered a
of year. revenues $XXX resolved with our by However, to remain and are on those targeting anticipate track gradually with XXXX, headwinds, $XXX to resolution shareholder full we being million value, plan million. with above those Despite improvement the continuing that issues through end EPS strategic of create expected an $X we
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$XX.X adequate can in growth the investment to built and years without many a balance performance up In terms I third with sheet specifically reported revenue engines our million, for business loss of a of strong net its of $X.X our over our want million. we that quarter, highlight maintain compromise. ensures we financial
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we of During in shareholder long-term shares of plan, XXXX, generated $XX the ongoing our that which with over quarters to over well repurchase is cash, as X $X.X our million, value of strategy first aligned of our buyback creation. part million used half with
million remain the revenues fourth past for quarter few between and of $XX our $XX to expected are XXXX, guidance to of million. similar In the those of quarters terms
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pipeline soon. broader industries, long-term technology includes and other and engaged already This of our names in by diverse start card existing a appeal of increasingly perspective, testing are this an We the design new providers supported networking strength is service offerings. cybersecurity and very customers. pipeline who wins, growth our customers leading with the highlighting several both will including From
reducing engagements, to few of the strategic successes with our more on broadening believe by we strategic highlights we sustainable increase to of As our of will revenue plan. accounts.
The growth a those date strategic reliance some pipeline they recent number large our our lead
in time, potential million seeing emphasis potential greatly are we expected, the our the impact on progress opportunities. design winning than of our ramp has towards are sooner If put than the could expanded our strong to high executing same currently future faster of wins, We the dollars projected.
In opportunities small-to-medium continue pleased with we revenue. plan. which on strategic in we double-digit goals plan At the for this deals achieve strategic pool of the quarter annualized the with our pipeline summary, focus
our to our goal meeting fully on value shareholders. very the executing that on about our focused we that, and to especially market of continue whole successfully customers, ability Beyond are as our a creating and optimistic plan for
a yet have dedicated decades, us broadest We Many for experience goals. in the been with them achievable team. with loyal have pursuing very deepest of and hardware some the of and ambitious business,
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With review ahead. coupled to product quarter go X that, for will and a Eran hand the the Eran, customers, please roster, of detailed call of robust
