Strong Start to Fiscal Year 2025
Adjusted revenue growth of 4%, exceeding expectations. Recurring revenue growth accelerated from 2% to 4%.
High Free Cash Flow Conversion
Free cash flow conversion exceeded 70%, indicating strong financial health and providing confidence in meeting full-year outlook.
Significant Client Wins
Several new marquee engagements, including a leading East Coast commercial bank and a Midwest Community Bank, showcasing strong demand for core solutions.
Strategic Acquisition and Sale
Announced acquisition of Issuer Solutions business and sale of 45% Worldpay stake, strengthening financial and strategic position.
Capital Markets Segment Performance
Adjusted revenue growth of 9% with EBITDA margin expansion of 90 basis points, reflecting strong license revenue and operating leverage.
Positive Outlook on Revenue Growth
Reaffirmed full-year outlook with expectations for continued strong revenue growth and margin improvement.