At the recent Boomi World Tour event in Sydney, Australia, the company stressed that without connectivity, context, and control, there will be no business impact. This epitomises the challenge for businesses as they continue to pursue agentic transformation, especially with the recent focus on various AI technologies to drive new operating and business models. As enterprises shift their focus toward agentic AI, they often look at the tasks they can automate with AI agents. However, the bigger picture is a ...

Financial Data and Key Metrics Changes - Total revenues before reimbursements for the third quarter of 2025 were $72.2 million, a decrease of 7% compared to the prior year [14] - Adjusted earnings per share for the third quarter were $0.37, at the midpoint of the quarterly guidance [4][20] - GAAP net income for the third quarter totaled $2.5 million, or diluted earnings per share of $0.09, down from $8.6 million or $0.31 in the prior year [18] Business Line Data and Key Metrics Changes - Global GS&BT segment revenues were $42.4 million, a decrease of 2% year-over-year, with strong GenAI-related revenue growth offset by weakness in OneStream and the expiration of an iPaaS contract [15] - Oracle Solutions segment revenues were $16.4 million, a decrease of 25% compared to the prior year, attributed to prolonged client decision-making [15] - SAP Solutions segment revenues were $13.4 million, an increase of 4% year-over-year, driven by implementation services from increased software sales activity [15] Market Data and Key Metrics Changes - Approximately 23% of total company revenues before reimbursements consist of recurring multi-year and subscription-based revenues [16] - Days Sales Outstanding (DSO) improved to 71 days from 73 days in the previous quarter [21] Company Strategy and Development Direction - The company is focusing on GenAI-enabled transformation, which is seen as a generational opportunity to change how companies operate and how consulting services are delivered [28][29] - The recent launch of version 4 of the AI Explorer platform is expected to significantly enhance capabilities and attract new clients [5][29] - Strategic alliances are being pursued to expand growth opportunities, with ongoing discussions with potential partners [36][38] Management's Comments on Operating Environment and Future Outlook - The demand for digital transformation remains strong but is impacted by economic concerns and the assessment of GenAI technologies [28] - The company expects continued growth in GenAI revenues, with a forecast for Q4 2025 total revenue before reimbursements in the range of $69.5 million to $71 million [23] - Management anticipates that the majority of strategy and business transformation initiatives will be led by GenAI initiatives by the end of 2026 [52] Other Important Information - The company announced a $40 million Dutch tender offer to acquire approximately 8% of its common stock [10][24] - The board declared a fourth-quarter dividend of $0.12 per share, payable on January 9, 2026 [22] Q&A Session Summary Question: Plans for alliances and potential partners - Management expressed confidence in attracting one or two major alliance partners soon, especially following the release of version 4 [36][38] Question: Software sales and recovery in Q4 - Management noted improved client engagement and pipeline activity, expecting to recover some weakness in Q4 [39][40] Question: Rationale for Dutch auction - The Dutch auction was chosen to be more aggressive in stock buybacks during a volatile quarter, leveraging a strong balance sheet [42][43] Question: Licensing progress for ZBrain and Explorer - Licensing for version 4 is expected to begin late in Q4 or early Q1, with a portion of licenses incorporating ZBrain [48][49] Question: Trends within GS&BT - The largest piece of GS&BT is strategy and business transformation, which is expected to drive a significant portion of operating profits in the future [51][52] Question: Decision-making trends - Clients are making commitments for 2026 while protecting 2025 spending due to economic volatility [55][56] Question: Labor resources in GSBT - Management indicated no concerns about labor resources, citing productivity improvements from new platforms [60][62] Question: Game-changing aspects of version 4 - Version 4 offers enhanced capabilities in simulating and informing client capabilities based on existing technology, significantly improving ideation processes [63][65]