Backlog GrowthBacklog increased by 17.8% year-over-year in 3Q24, showing strong future contractual commitments.
New Business GrowthNew logo signings were up 29% year-over-year, which management noted sets the stage for cross-selling.
Revenue ShiftNext-generation service revenue, including higher growth cloud-based and higher software content solutions, now comprises over 40% of the service revenue, indicating a positive mix shift that will drive growth.