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The year-over-year increase was mainly driven by increased sales and marketing for new brands and products and higher personnel costs from sales and service network expansion. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. year over year and up 15.2%
in the prior-year quarter, driven by operational improvements as well as lower inventory step-up amortization. The fourth quarter of 2024 was the last quarter in which we incurred step-up amortization related to the NuVasive merger. Adjusted gross profit, which excludes the impact of step-up amortization, was 67.1% versus 55.4%
We also experienced an increase in professionalservices, including costs associated with our ERP implementation and the acquisition of our Brazilian distributor. And this quarter, we began to amortize those costs upon implementing the first phase of the new system. Dan Rizzo -- Jefferies -- Analyst OK.
Beginning this quarter and going forward, amortization of implementation costs associated with cloud computing arrangements will be included in our cost of doing business and EBITDA calculations. million, or 13%, due to higher employee-related expenses, higher travel and meeting-related expenses, and increased professionalservices fees.
And to remind people, our small business footprint is across a variety of small businesses, you know, whether it's restaurant and retail or professionalservices and construction and so forth. When it comes to card fees, you're right, we have good visibility because we amortize those fees over 12 months. So, we see that trend.
For awareness, beginning in the fourth quarter of 2023 amortization of in-licensed rights and income tax that will benefit expense are no longer excluded from the non-GAAP results. The change was primarily due to an increase in the fair value of our contingent consideration liability. On a GAAP basis, we recorded $6.5
A global analytics professionalservices company with over 35,000 employees in 40 countries expanded its Dayforce use to 6000 U.K. In -- also, inside of professionalservices and other gross margin, we have things like clocks and custom training revenue. and Canada. Jared Levine -- TD Cowen -- Analyst Yes, thank you.
Professionalservices revenues were $17.2 Professionalservices revenue growth was impacted by pressure on bill rates even as utilization from a billable hours perspective improved year over year. As a result, we recorded accelerated amortization to fully amortize the remaining trade name intangible asset.
General and administrative expenses decreased by 21% year over year to RMB 64 million for Q2, primarily due to decreased professionalservice fees, personnel-related expenses, and share-based compensation expenses. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.
Once done, this will conclude a monumental migration undertaken by our R&D and professionalservices teams over the last few quarters aimed at ensuring that our Shopify-based merchants enjoy the best possible combination of Shopify's and Global-E's capabilities for a best-in-class international solution. million or 11.3%
Software product revenue as a percentage of total revenue remained in the range of 85% to 90%, with professionalservices forming the balance. And then, they sometimes will require professionalservices' help which we also offer to -- to make sure they get to use the QNX in the most efficient way.
General and administrative expenses increased by 18% year over year to RMB 100 million for Q4, primarily due to provisions and increased professionalservice fees, partially offset by decreased share-based compensation expenses. Net loss attributable to Huya Inc. The Motley Fool has no position in any of the stocks mentioned.
Quarterly adjusted gross profit margin, excluding depreciation and amortization, improved to 79.4%, nearly 300 basis points higher than last year. We continue to expand gross margins as we invest in our service model, and our customer support teams have done a great job elevating the experience for our customers this year.
And professionalservices and other revenue was $64.1 million, including an incremental $7 million of amortization expense related to the retired Ceridian trade name, and a $9 million earn-out expense related to the 2021 acquisition of DataFuzion. And the second is on the professionalservices and other.
This will also help public and corporate leaders to better assess cyber risks and liabilities, so they can develop effective strategies and mitigate potential impacts. Q3 revenue also benefited from a stronger contribution of our professionalservices, driven by elevated breach activity across legacy and competing platforms.
The decrease in G&A was primarily driven by a decrease in incentive compensation and lower outside professionalservices as we lapped implementation cost for the Company's human capital management system in the prior year. These were partially offset by an increase in employee compensation and benefits.
Adjusted gross profit margin, excluding depreciation and amortization, improved to 79%, 110 basis points higher than the prior year while elevating our client experience. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. Nothing has changed there.
These were partially offset by lower outside professionalservices, driven by lapping implementation costs for the company's human capital management system in the prior year. These were partially offset by higher depreciation and higher amortization of cloud computing arrangement costs. Adjusted EBITDA increased 1.8%
Adjusted gross profit margin, excluding depreciation and amortization, was 80%, in line with our long-term targets. Professionalservices has been a little bit stronger actually. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.
Importantly, this win was in one of our gold verticals, which include healthcare, financial and professionalservices, retail and public sector. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has a disclosure policy.
of revenue, adjusted for the noncash amortization of above- and below-market lease intangibles. Our total debt to enterprise value was approximately 27%, while our fixed charge coverage ratio, which includes principal amortization and the preferred dividend, is in a very healthy position at five times. per share or a 2.9%
Depreciation and amortization expense, which doesn't impact FFO, but does flow through net income was modestly higher during the quarter. One was financial services and one was -- I'm sorry, as professionalservices, a law firm and then one was a GSA deal that were driving those economics. million or $0.14
We also experienced increase in professionalservices, including costs associated with our ERP implementation and the acquisition of our Brazilian distributor. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has a disclosure policy.
A reconciliation of forward-looking non-GAAP guidance is not available without reasonable effort due to the challenges in practicality with estimating some of the items, such as share-based compensation expense, depreciation and amortization expense, and payroll tax expense, the effect of which could be significant.
And the primary reason that our professionalservices revenue is modeled to decline in fiscal '25 is because a portion of it is transitioning to DxP over time. Continuing to move down the model, we provide guidance assumptions for stock comp, amortization, capex, cash interest payments, and cash tax payments.
million of amortization expense related to the retired Ceridian trade name, which was not in the Q2 2023 comparison financials. So the remainder of that would be for professionalservices work. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.
And some of the organizations that went live on Dayforce in Q3, a leading global customer service organization with 82,000 employees in 45 countries expanded its current Ceridian partnership by adding employees in Kenya on the Dayforce for core HR, time and attendance, recruiting, onboarding and self-service. in fiscal year '22.
Given some of these items on a GAAP basis, operating loss was $132 million in the second quarter, which includes the impact of acquisition-related amortization expenses, as well as restructuring expenses for the wind down of Verse and Clear Bay in certain markets and write-downs for certain real estate facilities among other items.
As a reminder, beginning in the fourth quarter of 2023, amortization of in-licensed rights and income tax expense are no longer excluded from non-GAAP results. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. On a GAAP basis, we recorded approximately $128.2
Our goal is to drive our cost of doing business, which is our total operating expenses excluding depreciation and amortization, toward 30% of net sales over time. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. Finally, we target EBITDA to be at 25% over time.
Beginning in the fourth quarter of 2023, amortization of in-licensed rights and income tax expense are no longer excluded from the non-GAAP results. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. million and $118.6 The Motley Fool has a disclosure policy.
Before we get to the results, I just wanted to flag that beginning in the fourth quarter of 2023, amortization of in-licensed rights and income tax expense or benefit are no longer excluded from non-GAAP results. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.
General and administrative expenses decreased by 25% year over year to RMB 50 million for Q3 primarily due to decreased professionalservice fees and the personal related expenses. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.
A large professionalservices company tested ransomware protection from SentinelOne against two of our close competitors. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. These non-GAAP measures are not intended to be a substitute for our GAAP results.
Adjusted for noncash amortization of purchased intangibles and employee stock compensation, our non-GAAP gross margin was 52%. Our financials also show a charge related to the change in fair value of contingent liabilities, significantly impacting our GAAP loss from operations in Q4 by approximately $220 million. in the quarter.
Our multifaceted demand strategy helps brands and agencies scale, while our modular approach and professionalservices supports retailer's growth in the fastest-growing advertising channel. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.
While this exceeded our expectations in Q4 as we concluded the program, the majority of deals that closed with customer commitment packages in the quarter included additional product or Flex dollars rather than extended time and professionalservices. billion, while professionalservices revenue was $50.2
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