Partnership ExpansionGBTG recently announced an alliance with SAP Concur to launch an end-to-end travel and expense platform, raising estimates modestly on organic growth.
Revenue GrowthTotal revenue ex-CWT grew 3.4%, ahead of both MSe/Cons as Products and Professional Services revenue showed strength.
Strategic AcquisitionsThe acquisition of CWT closed, adding approximately $700 million to annualized revenue with $155 million of identified synergies over three years.