The Motley Fool

FEBRUARY 20, 2025

million of pre-tax merger and acquisition-related costs as well as restructuring expenses. The GAAP tax rate for the fourth quarter was negative 7.4% Our Q4 '24 non-GAAP tax rate was 26.1% The increase in our non-GAAP tax rate was driven predominantly by higher state taxes. on a constant-currency basis.

Mergers and Acquisitions 130

Mergers and Acquisitions Securities and Exchange Commission (SEC) Taxes Capital 130

The Motley Fool

MAY 1, 2024

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

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Taxes Education Liabilities 130

The Motley Fool

MAY 29, 2024

The result was at the lower end of our guided range due to continuing pressures on professional services, some license revenue volatility, and the continued measured buying environment. Cash flow did benefit modestly from the timing of cash tax payments. This includes ongoing headwinds from professional services.

Finance 241

Finance Financing Leveraging Professional Services 241

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 Finance 246

The Motley Fool

MARCH 7, 2024

Please note that today's discussion will contain forward-looking statements relating to the company's future performance, which are intended to qualify for the safe harbor from liability, as established by the U.S. These tax-related costs net of refund totaled RMB 1,015.3 Private Securities Litigation Reform Act. from RMB 857.4

Taxes 130

Taxes Leveraging Liabilities Professional Services 130

The Motley Fool

MAY 23, 2024

Turning to tax. We continue to revolutionize how taxes get done for consumers and small businesses. Tax preparation represents a $35 billion TAM in the U.S. This includes $31 billion within the assisted consumer and business tax categories. I'm proud of our performance and the momentum we're seeing across the company.

Taxes 130

Taxes Banks Accounting Capital 130

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 Prospects Capital 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

AUGUST 2, 2023

European aviation services company with 55,000 global employees, which selected Dayforce to support its people operations in 35 countries. A leading professional services company with 33,000 employees in nine countries chose Ceridian as its trusted partner for global managed payroll, U.S. In Q2, new customer wins included.

Securities and Exchange Commission (SEC) 165

Securities and Exchange Commission (SEC) Professional Services Consultants Consulting 165

The Motley Fool

MAY 1, 2024

A global analytics professional services company with over 35,000 employees in 40 countries expanded its Dayforce use to 6000 U.K. In -- also, inside of professional services and other gross margin, we have things like clocks and custom training revenue. and Canada. But now, let's talk financials. Over to you, Jeremy.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Professional Services Banks Accounting 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

AUGUST 22, 2024

billion grew 7% in fiscal 2024 as we continue to revolutionize how taxes get done for consumers and small businesses. Full-service customers doubled, while those new to TurboTax tripled. We expect a GAAP tax rate of approximately 23% in fiscal 2025. And finally, accelerating international growth with Mailchimp and QuickBooks.

Taxes 130

Taxes Accounting Leveraging 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

APRIL 9, 2024

We also experienced an increase in professional services, including costs associated with our ERP implementation and the acquisition of our Brazilian distributor. Our net income reflects the provision for income tax rate of 21.6%. Net income of $15.5 million declined approximately $1 million or 6% from prior year.

Amortization 130

Amortization Taxes Capital Portfolios 130

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 1, 2024

Last year, we said we'd focus on delivering vetted, high-quality opportunities to agents, expanding personal and professional services, like SUCCESS, revenue share equity opportunities and affiliate agreements, streamlining operational support to our agents and enhancing our technology. They give us their liability.

Accounting 130

Accounting Liabilities Legal Leveraging 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

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 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

AUGUST 3, 2023

We started enabling Square Payroll employees to file taxes for free by using automated W-2 import directly in the Cash App taxes. After receiving a notification from Square Payroll, employees simply log in to cash up taxes, securely import their W-2 and complete and submit their tax forms. Services, also by 9%.

Leveraging 130

Leveraging Banks Taxes Accounting 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 Accounting 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 Mutual Funds 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 Finance Financing Leveraging 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

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 Finance Financing 130

The Motley Fool

JUNE 28, 2023

Software product revenue as a percentage of total revenue remained in the range of 85% to 90%, with professional services forming the balance. And then, they sometimes will require professional services' help which we also offer to -- to make sure they get to use the QNX in the most efficient way. That's the easy one.

Professional Services 130

Professional Services Capital Accounting Shareholders 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

MARCH 26, 2024

Professional services revenues were 16.2 Full-year professional services revenues were $67.1 As I noted on our third-quarter earnings call and at Investor Day, we intend to prioritize subscription revenues growth over professional services revenues growth on our path toward the Rule of 50.

Financial Institutions 130

Financial Institutions Banks Professional Services Leveraging 130

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 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 Finance 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

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) Finance Financing Shareholders 130

The Motley Fool

OCTOBER 30, 2024

And professional services and other revenue was $64.1 And the second is on the professional services and other. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. Total revenue was $440 million, up 16.6% on a GAAP basis and 16.7%

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Finance Financing Professional Services 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

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 Taxes Portfolios 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