Thanks then for on and the the an to go plan our line quarter update I our results Odilon then year. first for and rest provide of questions. through morning open the outlook We’ll good everyone. for the
my on key with quarter. the Slide takeaways X, be I’ll from comments starting
New driven bookings QX million, the XX% month Speedpay quarter million, last We were at year, came On-Demand from acquisition. backlog of growing XX $XXX billion last up a our backlog year. billion. QX a XX revenue with month QX to compared primarily with in X% by up business the ended XX%, $X.X $X.X and $XXX of
QX While particular our from with our payment grew year. business strength coming On-Premise last over grew real-time which XX% X%, solution,
in $X million growth to coming year. million, revenue QX last EBITDA in QX strong at This $XX contributed in adjusted EBITDA, with from growth up
to net continue On-Demand business, where cost to a we’re in with EBITDA We XX% of QX margins essentially last zero And margin shows scale business, this QX, On-Demand structure. in increasing again, fixed revenue to really our recurring on to expansion from on year. relatively our the incremental see layer in EBITDA able
margin margins our expansion segment, EBITDA improving with saw also to year. EBITDA in last XX% from XX% We On-Premise
Turning quarter shares QX cash pay next million of repurchased stock. $XXX also of in million ended was debt and available year. in liquidity, the million to our We last X revolver. million from on use cash million down $XXX cash the operations flow debt our We to quarter, quarter with and the with in Slide liquidity $XX X, up and with significant $XX starting XX% from
debt which million and X.XX and required of times, our Our a current approximately respectively. million maximum the note debt net of in relatively here, the leverage balance repayments is leverage is And compared $XX XXXX also of we ratio for $XX XXXX, X.X facility to debt a $X.X that credit times. low rest of represents term billion, have
the for of XXXX. outlook our to rest next Turning
COVID-XX, some but the give previously with financial announced, the financial incremental customer we see may uncertainties some and our you color have guidance won’t the around you suspended year, our given will As for full where impact. of we provide ranges, temporarily I segments, so on I financial rest
really, model and turning business thought XX, that, billers. with our be to we highlight which mix, resilient world���s largest customer the intermediaries, merchants helpful some of to So Slide includes our financial and would banks, it
statements, mix with out just $XX which assets. our the XX% our smallest by into On-Premise, starting of institutions. customer consolidated is billion P&L two is was You’ll in more see the revenues the is XX% intermediaries of On-Premise large technology our financial of cater that or segment global large the less banks, which to two-thirds than mid-sized of call broken segment. we here most business And than financial our nearly under half represented here group year, last merchant, represents this providers smaller and what with
omnichannel target We presence. with no really in a significant mid-size large our customers merchants, business. small we Although the merchants e-commerce have are or generally On-Premise
contracts these license important fee. and also here, It’s support note that product software subscription to are fixed term five-year on for customers
sales So and base, the customer from service really COVID-XX large purchasing revenue quickly is base non-recurring once contractual and a making the fixed committed with decision, revenue stable segment back customer will subsides. license this how The streams. with in-year, that uncertainty be
electronic Moving This the near-term is On-Demand is as changes payment. much recurring substantially business, in transaction business in volumes. this business issues but more and and business, we our next all have quarters. it susceptible bill the as timing On-Premise to to roughly revenue lumpiness three payment is doesn’t have
and our one in third government. higher utilities, This we bill bill changes transaction-based, education which QX, impact here, third tax in come timing payments, and segments will a now of XX segment, payment customer see federal in the this and note have main here, insurance, we in especially pushed seasonality many receive. expect the a and as days. a some important is business in any spike tax consumer do volumes typically the pay and And third to deadlines are state been QX, revenue filing are consumer You’ll finance shift in would out expected of
particular But segment. rest already largest roughly and of have retailers, impacted some segment increases. if deliver to or with strong in-year amount spending. is discretionary e-commerce next we year systems here not others this critical These This regardless sold not business, significant declines, The mission of are the is uncertainty a by Obviously, On-Demand remember, seeing merchants. whether The volumes. of of business On-Premise in which it’s merchant to retailers really payment installed, not it’s transaction sales, while revenue. is are overall are presence transactions it’s less in On-Demand XX% it’s business notable Again the around seeing volatility are our meaning a represents in for likely customers. this important our
why about service Odilon and signings, for which to severity duration, revenue, us license from About timing a the also deals, taken that renewals. well sales. to uncertainty year prioritizing cost financial fees that suspending we’re outbreak XX% caused guidance continue period the significant non-recurring we’re serve remotely, while further are reduce annual to said, of in-year those we base. of we’re revenues derived revenue COVID-XX contractual of backlog as are with And evaluate able this our still pipeline that’s of leaves amount and to our of as But committed operate, steps the continue optimistic already has have But as and during have our profitability of this we about recurring, from and XXXX. we
are my Operator, time. this concludes remarks. at the to we that to ready questions prepared open So line
