Financial OutlookManagement lowered the FY24 guide and provided a below-consensus preliminary FY25 revenue growth outlook.
Revenue ImpactServices revenues continue to be impacted by the company's model transition as elongated decisioning, particularly in Europe, and a heightened competitive environment in North America continue to present near-term headwinds to the business.
Sales PerformanceThe shift to a SaaS based model and an uncertain economic climate is leading to increased client hesitancy and extended sales cycles.