Core Viewpoint - The article discusses the challenges and opportunities faced by the restaurant industry in the digital age, particularly focusing on the application of generative BI (Business Intelligence) to enhance decision-making and operational efficiency [2][3]. Group 1: Digital Transformation in the Restaurant Industry - The restaurant industry is experiencing a dual challenge of "data flood" and "decision thirst," which generative BI and AI technologies aim to address [3]. - XIBEI has been on a digital journey since 2010, establishing a comprehensive digital network that connects the supply chain to service endpoints [3]. - The goal is to transform data visualization into intelligent decision-making through the application of generative BI [3][4]. Group 2: Generative BI Implementation Challenges - XIBEI's core objective in generative BI is to deliver the right data at the right time, in the right way, to the right people, which presents significant challenges in practical implementation [4][5]. - The main difficulty lies in balancing information density; too much information can overwhelm users, while too little can hinder decision-making [5]. - Data governance is identified as a prerequisite for BI implementation, with a focus on ensuring data quality and standardization across various business processes [9]. Group 3: User-Centric Data Strategies - XIBEI has developed a three-tier user profile system to tailor data push strategies for different roles within the organization, such as store managers and chefs [7]. - The company is exploring the potential of large models for data correlation analysis and intelligent algorithm optimization [8]. Group 4: Practical Applications and Future Plans - Current applications of generative BI at XIBEI include intelligent customer service and activity effectiveness prediction [10]. - The company faces challenges in standardizing operational procedures, such as inventory management, to ensure compliance and effective use of tools [11][12]. - Future plans involve creating two intelligent systems: a marketing activity library for ROI prediction and an operational AI system for real-time strategy recommendations [16]. Group 5: Industry Insights and Recommendations - XIBEI advises against blindly pursuing new technologies without first ensuring data accuracy and measuring the return on investment [17]. - The article emphasizes the importance of establishing a closed-loop system of "data → insight → action" to help restaurant businesses navigate market uncertainties [17].

Financial Data and Key Metrics Changes - Total ARR growth accelerated to 24% year-over-year, and was 25% when adjusted for foreign exchange [31] - Net new ARR growth was 30% year-over-year, just shy of the record 31% growth delivered in Q3 [31] - Q4 total revenues were $89.2 million, representing year-over-year growth of 20% [35] - SaaS revenue for Q4 was $64.8 million, growing 43% year-over-year and representing 73% of total Q4 revenues [36] - Non-GAAP operating margin for Q4 was 16.2%, a meaningful improvement from a year ago [34][44] Business Line Data and Key Metrics Changes - SaaS revenues grew 43% year-over-year, while term license and support declined to $9.4 million, representing 11% of Q4 revenues [36] - Maintenance revenue, tied to legacy perpetual licenses, also declined year-over-year and represented 3% of total Q4 revenues [37] - Services revenue was $12.2 million, representing 14% of total Q4 revenues [37] Market Data and Key Metrics Changes - In North America, SaaS revenues grew 46% year-over-year, representing 77% of total North America revenues [38] - In EMEA, SaaS revenues grew 37% year-over-year, representing 86% of total EMEA revenues [38] - In APAC, SaaS revenues grew 50% year-over-year, representing 52% of total APAC revenues [38] Company Strategy and Development Direction - The company aims to become the world's leading data management software company, focusing on durable, profitable growth at scale [8][9] - The "Beyond Secure" philosophy addresses traditional data management inadequacies, promoting a holistic approach to data security, governance, and resilience [27][28] - The strategic acquisition of Ydentic aims to enhance automation and IT management capabilities for Microsoft Managed Services Providers [28] Management's Comments on Operating Environment and Future Outlook - Management highlighted the growing demand for data management solutions amid digital transformations and the need for data modernization [10][15] - The company is optimistic about the future, with expectations of continued strong performance and market opportunities [30][54] - Management acknowledged the competitive landscape but expressed confidence in their platform's differentiation and ability to capture market share [78] Other Important Information - The company ended Q4 with $290.9 million in cash and short-term investments, with cash generated from operations reaching $88.9 million for the year [46] - Full-year 2024 results showed total revenues of $330.5 million, representing growth of 22% [48] - The company repurchased approximately 3.3 million shares for a total cost of $33.1 million during the year [50] Q&A Session Summary Question: What is the U.S. Federal exposure and outlook? - The company's federal business exposure is around 2% of total ARR, with ongoing discussions about digital transformation and AI readiness with agencies [58][59] Question: What is causing the gap between ARR growth and revenue growth in 2025? - The gap is influenced by foreign exchange impacts and a shift in revenue mix, particularly the decline of term license revenue [60][93] Question: How have price increases impacted ARR and NRR in 2024? - Price increases across multiple products had a small impact on overall NRR growth, which is primarily driven by customers consuming more of the platform [68] Question: How significant is the expansion into Google environments? - The expansion into Google includes risk intelligence and lifecycle management, enhancing the company's position as a strategic partner for multi-cloud customers [72] Question: How is the competitive environment evolving in data security posture management? - The competitive landscape remains strong, but the company is confident in its platform approach and ability to expand into mid-market segments [78] Question: What are the integration goals with the Ydentic acquisition? - The acquisition aims to enhance managed services offerings and expand into SMB and medium-sized customers efficiently [82][85] Question: What is the outlook for cash flow and operating income margins in 2025? - The company expects improvement in cash flow but acknowledges that margin expansion may flatten as investments are made for long-term growth [138]