Increase in Recurring Revenue
Recurring revenue increased to $86.2 million, representing 69.1% of total revenue, up from 67.5% last year, emphasizing the strategic focus on predictable long-term revenue streams.
Strong Cash Position and No Debt
Ended the quarter with $263.5 million in cash, cash equivalents, and short-term investments, with no external debt.
Successful Acquisitions and Integration
Completed the acquisition and integration of Margento and Trafi, enhancing the transportation portfolio and aligning with the broader mobility strategy.
Dividend Announcement
Board approved a quarterly dividend of $0.30 per common share, payable on August 29, 2025.