Recurring and other revenue is expected to be in the range of $325.5 million to $330.5 million, which represents approximately 12.5% growth over fiscal year 2024 first quarter recurring and other revenue. Adjusted EBITDA, a non-GAAP measure, is expected to be in the range of $116.5 million to $120.5 million. Adjusted EBITDA excluding interest income on funds held for clients, a non-GAAP measure, is expected to be in the range of $88.5 million to $92.5 million.
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