Strong Sequential Revenue Growth
Fourth quarter results showed a 10% sequential revenue growth both as reported and in constant currency. Non-GAAP operating margin was 11.6%.
Improvement in Free Cash Flow
Pre pension free cash flow nearly doubled to $82 million in 2024. The 2025 outlook projects approximately $100 million.
Record New Business TCV
Fourth quarter New Business TCV was approximately $220 million, up 24% compared to the prior year period. Full year New Business TCV was approximately $790 million, up 29% compared to 2023.
Positive Client and Analyst Recognition
Received 16 leader designations from firms like Avasant, IDC, ISG, Everest, and NelsonHall across multiple service areas.
Rising License and Support Revenue Expectations
Raised L&S revenue expectations to approximately $390 million in 2025 and $400 million in 2026, with an average expected gross margin of approximately 70%.