Strong Revenue Growth in Gen AI Segment
Global S&BT segment revenues were up 5% in Q2, driven by strong growth from Gen AI-related engagements. Excluding weakness in the OneStream practice, the segment was up 10%.
Strategic Partnership with Celonis
Announced a strategic partnership with Celonis to enhance AI XPLR and ZBrain Gen AI platforms, providing significant channel expansion opportunities.
SAP Solutions Segment Growth
SAP Solutions segment revenues increased by 11% compared to the same period in the prior year, driven by implementation services.
Innovations in Gen AI Platforms
Significant enhancements to AI XPLR and ZBrain Gen AI platforms, attracting clients and strategic partners, with the upcoming release of version 4.
Stock Repurchase Program
Repurchased 180,000 shares of the company's stock for a total cost of approximately $4.4 million, with a remaining authorization of $30 million after a $13 million increase.