The Motley Fool

NOVEMBER 26, 2024

Professional services revenue was $201 million, resulting in total revenue of $2.160 billion, growth of 16%. We expect Q4 professional services revenue of approximately $155 million, resulting in full year professional services revenue of $712 million. The estimated FY25 non-GAAP tax rate remains at 19%.

Securities and Exchange Commission (SEC) 246

Securities and Exchange Commission (SEC) Professional Services Banks Financing 246

The Motley Fool

MAY 8, 2024

Sequentially, the decline in profitability from Q4 2023 reflects seasonality around factors such as tax resets and benefit expense increases associated with the new calendar year as well as costs associated with hosting our annual customer conference Beyond4 in March. Noah, can you give an update on the ramp of the professional services team?

Professional Services 130

Professional Services Leveraging Capital Prospects 130

The Motley Fool

FEBRUARY 26, 2024

A third is industry with an emphasis on deepening our offerings in retail and hospitality, education and government, along with financial services, healthcare, professional services, and tech and media. billion, growing 19%, Professional services revenue was $162 million in the quarter and 656 million for the year.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Professional Services Education Banks 130

The Motley Fool

OCTOBER 11, 2024

increased 5%, reflecting a higher tax rate compared to a year ago. Our as-adjusted tax rate for the third quarter was 26%. The prior-year quarter included $215 million of discrete tax benefits, while the third quarter of 2024 was impacted by $22 million of discrete expense. Earnings per share of $11.46

Assets 130

Assets Leveraging Mergers and Acquisitions Capital 130

The Motley Fool

NOVEMBER 7, 2024

Amongst others, DCX saw improved growth from new clients, particularly in the fintech, professional services, and health tech verticals as a result of our continued focus on diversifying our client base and industry verticals. We also saw strength in our entertainment, gaming, and professional services verticals.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Leveraging Professional Services Legal 130

The Motley Fool

NOVEMBER 26, 2024

The majority of deal value that closed in the quarter with customer commitment packages included additional product or Flex dollars rather than extended time and professional services. million, and professional services revenue was $47.4 Total revenue grew 29% over Q3 of last year to reach $1.01 million compared to $436.1

Leveraging 246

Leveraging Financial Services Professional Services Accounting 246

The Motley Fool

FEBRUARY 20, 2024

The top of our list are continued product innovation, platform expansion, product-led growth, professional services, and business application infrastructure to better enable our go-to-market efforts. Gross margin should be between 76% and 77% for the year due to the aforementioned investments in professional services.

Professional Services 130

Professional Services Securities and Exchange Commission (SEC) Accounting Venture Capital 130

The Motley Fool

MAY 9, 2024

There is greater traction for our professional services portfolio through the named account model. Investments in enterprise-related professional services and the higher utilization rates relative to the capacity purchased resulted in the sequential margin downtick. Total operating expenses were $58 million, up 0.4

Professional Services 130

Professional Services Securities and Exchange Commission (SEC) Accounting Banks 130

The Motley Fool

MAY 23, 2024

We've been focusing on deepening our purpose-built offerings in key verticals, including healthcare, public sector, financial services, and professional services. At the same time, our professional and business services vertical is already well on its way to eclipsing $1 billion in annual recurring revenue.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Leveraging Professional Services Banks 130

The Motley Fool

MAY 3, 2024

See the 10 stocks *Stock Advisor returns as of April 30, 2024 Consistent with previous reporting practices, adjusted production numbers cited in today's call are adjusted to exclude non-controlling interest in Egypt and Egypt tax barrels. The total after-tax impact of these items on adjusted earnings was $88 million or $0.29

Debt 130

Debt Mergers and Acquisitions Capital Assets 130

The Motley Fool

MAY 2, 2024

This is driven by noncash after-tax net realized investment loss of $1.8 We also recorded an after-tax net special item charge of $3 million or $0.01 billion, and pre-tax adjusted earnings were $1.4 Specialty and care services revenue increased 12%, and pre-tax adjusted earnings grew to $788 million, in line with expectations.

Taxes 130

Taxes Capital Banks Accounting 130

The Motley Fool

MARCH 19, 2024

General and administrative expenses increased by 18% year over year to RMB 100 million for Q4, primarily due to provisions and increased professional service fees, partially offset by decreased share-based compensation expenses. was RMB 190 million for Q4, compared with RMB 439 million for the same period last year.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Mergers and Acquisitions Financing Finance 130

The Motley Fool

JULY 20, 2023

Period-end deposits declined 2% in the quarter, largely driven by tax-related outflows. Compared to the sequential quarter, ending deposits were down about 2%, largely as a result of typical seasonal tax outflows. In the first quarter, we typically have seasonal effects to compensation when bonuses are paid, payroll tax issues.

Capital 130

Capital Banks Leveraging Professional Services 130

The Motley Fool

FEBRUARY 21, 2024

After launching Catering Plus in Q3, we followed up in Q4 with new functionality that allows brands to recognize and authenticate the tax-exempt status of a guest. million tax-exempt organizations in the US. Now we have professional services as a function at Olo. We have sales engineers, solutions architects.

Leveraging 130

Leveraging Professional Services Capital Accounting 130

The Motley Fool

AUGUST 22, 2024

Professional services revenue was $182 million in the quarter, leading to total revenue in Q2 of $2.085 billion, also a growth of 17%. We expect FY '25 professional services revenue of approximately $680 million to $690 million, driven by customer demand. For Q3, we expect professional services revenue of $175 million.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Leveraging Education Financing 130

The Motley Fool

MAY 9, 2024

Corporate costs were $700,000 lower versus the first quarter of last year, largely driven by lower professional services spending this year. Working capital cash usage was higher by $2 million and cash taxes paid in 2024 were higher by $1 million. Operations and other items were $2.4 Slide 9 shows our cash flow summary.

Capital 130

Capital Financing Finance Leveraging 130

The Motley Fool

NOVEMBER 6, 2024

Lastly, from a cash flow perspective, in 2025, we are projecting annualized cash interest payments of $305 million to $315 million and annualized cash taxes of $130 million to $140 million. We've got this $800 million pre-tax unlevered free cash flow number. With that, I'd like to turn the call over to Richard. That's helpful.

Capital 130

Capital Leveraging Portfolios Taxes 130

The Motley Fool

NOVEMBER 7, 2024

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

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Taxes Capital Portfolios 130

The Motley Fool

NOVEMBER 1, 2023

And the primary reason our professional services is modeled to decline in fiscal '24 is because a portion of our professional services revenue is transitioning to DxP over time. Next, cash taxes are modeled higher in fiscal '24, reflecting higher taxable income, as well as the impact of Section 174. Thanks a lot.

Securities and Exchange Commission (SEC) 100

Securities and Exchange Commission (SEC) Debt Taxes Capital 100

The Motley Fool

NOVEMBER 1, 2023

While we are seeing higher average consulting build rates worldwide, lower customer demand for consulting projects in the current and macroeconomic environment remain a headwind to customer spend on professional services. On Slide 13, total current software license billings were $42.7 The Motley Fool has a disclosure policy.

Education 130

Education Assets Leveraging Debt 130

The Motley Fool

AUGUST 13, 2024

General and administrative expenses decreased by 21% year over year to RMB 64 million for Q2, primarily due to decreased professional service 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.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Financing Finance Shareholders 130

The Motley Fool

NOVEMBER 6, 2024

And the primary reason that our professional services 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.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Debt Leveraging Shareholders 130

The Motley Fool

FEBRUARY 14, 2024

Our combined solution will be sold through our extensive global channel with professional services and support from key partners who are committed to helping businesses deploy their GPU clusters via Ethernet infrastructure. In both our Q3 and full-year guidance, we're assuming a non-GAAP effective tax rate of 19%.

Leveraging 130

Leveraging Shareholders Banks Taxes 130

The Motley Fool

NOVEMBER 29, 2023

Professional services revenues were $17.2 Professional services revenue growth was impacted by pressure on bill rates even as utilization from a billable hours perspective improved year over year. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.

Banks 130

Banks Leveraging Financial Institutions Professional Services 130

The Motley Fool

DECEMBER 5, 2023

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 professional services, driven by elevated breach activity across legacy and competing platforms.

Mergers and Acquisitions 130

Mergers and Acquisitions Liabilities Banks Capital 130

The Motley Fool

JULY 25, 2023

And KPMG has announced a multibillion-dollar commitment to our cloud and AI services to transform professional services. billion, up 17% year over year as strong cloud billings and collections were partially offset by a tax payment related to the R&D capitalization provision. Now, on to data. Free cash flow was $19.8

Securities and Exchange Commission (SEC) 100

Securities and Exchange Commission (SEC) Leveraging Taxes Accounting 100

The Motley Fool

JANUARY 25, 2024

The notable exceptions are tech and professional services, which still lag other industries but did see 26% and 14% year-over-year revenue growth, respectively, in Q4. on an adjusted pre-tax margin of 2.2%, which was above both our initial and our most recent guide for the quarter. Unit costs ended down 6.7%

Banks 130

Banks Financing Finance Taxes 130

The Motley Fool

AUGUST 3, 2023

Regarding our results, in the second quarter, we recorded after-tax special item charges of $5 million or $0.01 billion, after-tax adjusted earnings of $1.8 billion, and pre-tax adjusted earnings were $1.5 per share for the integration and transaction-related cost. billion, adjusted earnings per share of $6.13

Leveraging 100

Leveraging Bidding Banks Consulting 100

The Motley Fool

FEBRUARY 29, 2024

Mark leads all of Elastic's customer-facing functions, including global sales, customer success, solutions architecture, professional services, ecosystem and partnerships, and sales operations. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Leveraging Professional Services Deal Flow 130

The Motley Fool

FEBRUARY 28, 2024

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.

Securities and Exchange Commission (SEC) 100

Securities and Exchange Commission (SEC) Taxes Banks Capital 100

The Motley Fool

AUGUST 7, 2024

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.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Taxes Leveraging Capital 130

The Motley Fool

DECEMBER 3, 2024

We continue to expect our professional services business to be a headwind to revenue growth. We are raising our fiscal year '25 operating cash flow growth to approximately 24% to 26%, inclusive of cash tax headwinds. A few reminders on our revenue guide. We expect fiscal year '25 GAAP diluted EPS of $6.15

130

130

The Motley Fool

AUGUST 24, 2023

Professional services revenue was $163 million, leading to total revenue of $1.79 We're maintaining our FY '24 professional services revenue guidance of $630 million to $650 million as we continue to strategically shift more deployments to our partner ecosystem as part of our channel strategy. Turning to the quarter.

Leveraging 130

Leveraging Securities and Exchange Commission (SEC) Banks Education 130

The Motley Fool

AUGUST 9, 2023

service provider. This is a turnkey award which will include our GX metro platform, next-generation line system software suite, and professional services. Below the operating income line, we assume $7 million for net interest expense and $4 million for taxes. The Motley Fool has no position in any of the stocks mentioned.

Bidding 100

Bidding Leveraging Professional Services Capital 100

The Motley Fool

JULY 30, 2024

In this service provider customer example, we provided a full turnkey solution, including our popular 7280 R3 routers and our newly announced AWE 7250 WAN router as a BGP route reflector along with CloudVision and professional services. million, and our effective tax rate was 21.5%. million or 46.5% of revenue.

New York Stock Exchange 130

New York Stock Exchange Leveraging Stock Exchanges Portfolios 130

The Motley Fool

AUGUST 8, 2023

Starting with August 15, RSU vesting date, we will begin utilizing more of a withhold to cover approach to taxes rather than exclusively using the sell-to-cover approach, which we have done historically. Michael Vidovic -- KeyBanc Capital Markets -- Analyst And then, just on the -- you talked about ramping up professional services.

Securities and Exchange Commission (SEC) 100

Securities and Exchange Commission (SEC) Leveraging Professional Services Banks 100

The Motley Fool

AUGUST 29, 2024

MAAP offers customers reference architectures and end-to-end technology stack that includes prebuilt integrations, professional services and a unified support system to help customers quickly build and deploy AI applications. The third opportunity is to help customers modernize their legacy application estate. billion to $1.93

Leveraging 130

Leveraging Education Capital Liabilities 130