Cybersecurity Revenue Increase
Revenue in the second quarter increased approximately 3% due to strong demand as customers prioritize spending to protect against cyber threats.
Product Innovations and Customer Engagement
Release of AI-ready smart data solutions and strong customer interest at the annual Engage Technology and User Summit, indicating successful product innovation and customer engagement.
Cost Management and Restructuring Benefits
Voluntary separation program expected to provide approximately $25 million in annualized cost reductions, with $19 million realized in fiscal year 2025.
Strong Financial Position
Ended the second quarter with $401.9 million in cash and cash equivalents, and successfully amended and extended credit facility.