Record Adjusted Revenue
The company reported record adjusted revenue of $1.5378 billion, representing a 5.9% increase compared to prior periods.
Strong Adjusted EPS and EBITDA Growth
Adjusted earnings per share increased by 9.8% to $1.45, and adjusted consolidated EBITDA surpassed $600 million for the first time, showing a 7.4% increase with a margin of 39%.
International Success and Client Retention
The company experienced strong performance in Europe, Australia, and the Middle East, with a stable client retention rate of 97%.
Cash Flow and Share Buyback
Cash from operating activities rose by 14% year-over-year to $645.1 million, and the company repurchased 3.4 million shares for $269 million.
AI Strategy and First AI Agent Sale
The first AI agent sale was made to an insurance conglomerate, indicating significant future opportunities across the client base.
Acquisition of Calastone
The acquisition is expected to be accretive to revenue growth, EBITDA margin, and EPS within 12 months, aligning with the company's capital allocation strategy.