Strong Growth in Services Revenue
Services revenue grew 52% year-on-year, reaching a new high of $114 million, with services gross profit up 45% year-over-year.
Increase in Subscription Orders
Subscription orders increased by 51.4% year-over-year, accounting for 46% of open orders, compared to 31.7% last year.
Solid Performance in Finance Segment
Revenue in the finance segment increased by 20%, driven by higher proceeds from sales of equipment and portfolio earnings.
Successful Integration of Bailiwick Acquisition
The acquisition of Bailiwick contributed to the growth in professional services, with organic managed services revenue increasing by 28% year-over-year.