Mike. Thanks,
business. successful strong a reflect capital and plan working Intelisys results from profit financial QX our our recurring device business, model XX% our Our our more demand execution across gross growth our of technologies our from of business that including derives transformed in than mixed revenues, normalization
revenue. more were of $XXX favorable lower than margins XX.X% expected, profit sales million mix with of while of of expectations our gross net were ahead a QX slightly
our profits. quarter. in and in year-over-year we Specialty These saw Technology deals gross sale of technologies, reported segment, point large XX% a revenue our While year-over-year barcode, the with saw year-over-year in decline XX% a fewer and revenue of decline, decline we Solutions slower in a expected demand technologies which mobility are
Cloud In our and strong year-over-year of & lower sales devices. mix X% revenue revenue. equal and our our Intelisys and results from we Modern last networking in posted X% Gross Communication in from was security business, growth of MC&C strong segment segment, Cisco to offsetting profits year-over-year sales year, Intelisys communication with favorable the grew benefited
to $XX For expect. cash to a supply return capital the on as balances revenue free plan. are levels times working solid moving are Accounts quarter, of in multi-quarter our we and our normal lead progress would we million receivable chain with normalizing flow with reflect Inventory delivered expectations demand. improvement both
off QX flow as working cash as is model business Our our got start free to fast a expected.
cash bit Now flow. and the into a deeper sheet balance going
are with our the of working We capital. pleased improvement
to turns inventory our is appropriate to customer levels demand. inventory meet goal while Our increase maintaining
lead return You to talked may are outstanding times days efficient times inventory have allowing normal, months. Those and during levels. behind suppliers the exceeding recall, XX chain returning to we done an about us lead to supply crisis our more job us,
QX operating inventory were well turns below normal for business. our the X.Xx, levels
given made slightly turns We days, and XX to on in improved DSO ending was QX quarter. inventory see for expect strong collections. to the we progress this our cash a declined QX quarter inventory level
adjusted leverage XX-month balance facility. X.Xx our within approximately a QX with we Our trailing liquidity strong. ended perspective, remains debt sheet EBITDA From credit ample existing net at
of our primary on FY focus priority allocation 'XX, capital plan. to remainder strategic For is to the opportunities M&A our accelerate
our first slower year, a company ahead half to the second headwinds revenue fiscal and expects rest half and than last the believed we in of the continued recovery Looking QX quarter.
to cash capital We plan free the expect continue significant generate year. on execute flow in working to our and
for our 'XX manage our growth on FY match beyond, our focusing investments expectations to business faster-growing revenue areas. spend SG&A and to expect We
guidance to our reflect updating expectations. our are annual We latest
our at EBITDA to FY For $XXX now revenue be $X.X million. 'XX, believe that and we billion adjusted at least be least will
interest are expense, 'XX. fiscal with to from for at million range interest $XXX least analyst flow expenses to models, million To $XX net and free our cash a expect other income increasing for We expense million. we estimates $XX help
estimated effective XX.X% is tax excluding discrete rate, the items, range for year. from expected fiscal XX.X% to Our to
our remain in for ability the growth. near-term return confident resilience guidance well our and a to positioned environment. be updated demand Our of business to reflects expectations model We our for
turn back call the over some comments. Mike to closing for now I'll
