Record Revenue and Growth in PMS Segment
Fiscal 2025 Q3 revenue was a record $69.6 million, marking the 12th consecutive record revenue quarter, up 14.9% from the previous year's quarter. PMS sales were 70% higher than the prior year quarter, and fiscal 2025 is already the best year for PMS sales, ahead of the previous best full year by 33%.
Strong Recurring and Subscription Revenue
Recurring revenue was a record $44.4 million, up 26.4% from the prior year. Subscription revenue grew 45.1% year-over-year, making up 63.8% of total recurring revenue.
Increased New Customer Acquisitions
Fiscal 2025 Q3 saw the addition of 12 new customers, 11 of whom were fully subscription-based, with an average of 6 products purchased per customer, a record high.
High Sales Pipeline
The sales pipeline at the demonstration stage was at a record level, 20% higher than the previous year, with PMS and POS opportunities up 37% and 22%, respectively.