Growth in Recurring Revenue
Recurring revenue grew at a 44% compound annual growth rate (CAGR) over the past 3 years, driven by the land-and-expand strategy and partner teaming model.
Partnership Expansion
New partnerships with large IT services firms like Tata Consulting Services and HCLTech were established to drive sales and expand reach, notably in the financial services sector.
Increased Cash Flow from Operations
Cash flows from operations saw a positive net inflow of $219,000 in the second quarter, a 24% improvement over the previous year's net inflow.
Velocity Product Deployment Success
The Velocity product gained strong momentum with a top 5 U.S. bank, with over 1,000 users actively leveraging the solution and significant ROI and compliance benefits being reported.