Financial Data and Key Metrics Changes - Atlassian closed Q2 with an annual run rate revenue surpassing $6 billion, achieving its first-ever $1 billion cloud revenue quarter, which represents a 26% year-over-year increase [5] - Remaining Performance Obligations (RPO) grew 44% year-over-year to $3.8 billion, indicating strong future revenue visibility [5] Business Line Data and Key Metrics Changes - The cloud revenue segment saw significant growth, contributing to the overall revenue increase, while the Data Center (DC) segment is expected to decline due to tough comparisons [31][30] - The Teamwork Collection, which includes AI capabilities, has seen over 1 million seats sold in under nine months, indicating strong adoption and demand [22] Market Data and Key Metrics Changes - Atlassian reported a net revenue retention (NRR) rate of over 120%, reflecting strong customer loyalty and expansion [19] - The company noted that customers using AI code generation tools experienced a 5% increase in task creation and monthly active users compared to those not using these tools [6][60] Company Strategy and Development Direction - Atlassian is focusing on enterprise, AI, and system-of-work transformations, positioning itself as a strategic partner for large enterprises [5][9] - The company is committed to enhancing its AI capabilities and integrating them into customer workflows, which is seen as a key driver for future growth [6][9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term growth trajectory, emphasizing the importance of AI in driving customer engagement and operational efficiency [9][35] - Despite market noise and concerns, management believes that Atlassian is well-positioned to help customers navigate challenges and improve their business processes [15][16] Other Important Information - Atlassian's service collection is growing rapidly, with over 65,000 customers and significant year-over-year growth in the enterprise segment [67] - The company is recognized as a leader in enterprise service management, with a strong focus on integrating AI into service workflows [69] Q&A Session Summary Question: Changes in customer conversations and AI's impact - Management noted that customer conversations have become more strategic, with clients seeking partnerships to leverage AI capabilities, which are driving upgrades to the Teamwork Collection [12][13] Question: Pricing evolution and customer preferences - Management indicated that current pricing models are delivering value, and customers prefer predictable, seat-based pricing, which aligns with their needs [20][21] Question: Competitive landscape and AI tools - Management acknowledged the emergence of new AI tools but emphasized the unique value of Atlassian's offerings and its integration capabilities with various platforms [25][27] Question: Cloud migration impact on revenue - Management reported healthy cloud migrations contributing mid- to high-single-digit impacts to cloud revenue growth rates [49] Question: Seat expansion dynamics - Management highlighted broad-based seat expansion across both tech and non-tech users, particularly in business functions, indicating strong demand for Atlassian's products [52][56] Question: JSM growth and competitive dynamics - Management confirmed that the service collection is performing well, with significant growth in HR and finance sectors, and emphasized the importance of integrating AI into service workflows [68][69]

Financial Data and Key Metrics Changes - SS&C Technologies reported record adjusted revenue of $1.655 billion for Q4 2025, an increase of 8% year-over-year, and adjusted diluted earnings per share of $1.69, reflecting an 18% increase [5][10] - Adjusted consolidated EBITDA reached a record $651 million, up 9%, with an adjusted EBITDA margin of 39.3% [5][11] - Cash from operating activities for the full year was $1.745 billion, up 26% year-over-year, with operating cash flow per share at $6.89, an increase of $1.42 from 2024 [6][12] Business Line Data and Key Metrics Changes - GIDS experienced a revenue growth of 13.2%, while GlobeOp saw a 9.6% revenue increase, contributing significantly to the overall performance [5][10] - Intralinks showed signs of improvement with modest growth in Q4, indicating potential momentum for 2026 [6] Market Data and Key Metrics Changes - The company is focusing on international growth opportunities, particularly in Australia, leveraging recent superannuation mandates [5] - The healthcare business is viewed as a long-term play, with expectations for future growth despite current headwinds [20] Company Strategy and Development Direction - The company is optimistic about the AI boom, viewing it as a tailwind for growth, and is rapidly deploying AI solutions to enhance efficiency and scalability [4][9] - SS&C is prioritizing share repurchases and is open to high-quality, accretive acquisitions, with over $1 billion allocated for share repurchases in 2025 [6][7] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the durability of growth drivers, emphasizing long-term partnerships that create recurring revenue [8][9] - The company anticipates continued strong performance in 2026, with guidance for revenue in the range of $6.65 billion to $6.74 billion and organic growth of 5.1% at the midpoint [15][16] Other Important Information - The effective non-GAAP tax rate for Q4 2025 was 19.2%, with a full-year effective tax rate of 22% [12] - The company ended Q4 with $462 million in cash and cash equivalents and a net debt of $7 billion, resulting in a net leverage ratio of 2.8 times [13] Q&A Session Summary Question: What drove the weakness in the healthcare business? - Management noted that healthcare is a long-term play and highlighted the lumpy nature of large license sales, with optimism for future growth due to new technology [20][21] Question: Update on the Elevance relationship? - Management indicated that DomaniRx is ready for onboarding, but challenges exist due to the size and complexity of Elevance's existing relationships [22] Question: Insights on alternative fund administration growth? - Management confirmed strong organic growth in the alternative fund administration sector, with expectations for continued growth in 2026, partly driven by the acquisition of Curo Fund Services [25] Question: Outlook for the intelligent automation business? - Management expressed optimism for the intelligent automation business, noting that it is a key area for innovation and growth, particularly with AI advancements [26][27] Question: Organic growth guidance for 2026? - Management stated that the consistent organic growth guidance reflects a stronger business with more predictability and recurring revenue [31] Question: Competitive advantage against emerging AI fintechs? - Management emphasized the challenges of building a large organization compared to starting a fintech, highlighting the importance of regulatory compliance and established client relationships [32][33] Question: Medium-term outlook for wealth and investment management? - Management expressed optimism for the wealth management business, citing the strength of the Black Diamond platform and ongoing integration efforts [36][38] Question: M&A environment insights? - Management indicated ongoing interest in acquisitions, noting that they are well-positioned to pursue larger opportunities if the right targets are identified [39][40]

Paylocity (NasdaqGS:PCTY) Q2 2026 Earnings call February 05, 2026 05:00 PM ET Speaker8day and thank you for standing by. Welcome to Paylocity Holding Corporation second quarter fiscal 2026 financial results conference call. At this time, all participants are in listen-only mode. After the speaker's presentation, there'll be a question-and-answer session. To ask a question during the session, you need to press star 11 on your telephone. You will then hear an automated message advising that your hand is raise ...

Financial Data and Key Metrics Changes - Total revenues for Q2 fiscal 2026 were approximately $1.33 billion, with a year-over-year growth of 0.4% [7][13] - Adjusted EBITDA was $491 million, representing a margin of 37.0%, down 2.1% year-over-year [14] - GAAP net income was $168 million, down 26.9% year-over-year, largely due to foreign exchange impacts [14] - Non-GAAP diluted EPS was $1.13, up 1.8% year-over-year, while GAAP diluted EPS was $0.66, down 24.1% [15] Business Line Data and Key Metrics Changes - Cloud revenue was $478 million, up 3.4% year-over-year, driven mainly by content cloud [13] - Total content business, which constitutes 43% of total revenues, grew 4.5% year-over-year, with cloud revenue for content growing 18% year-over-year [7][8] - Customer support revenue was $582 million, down 1.5%, while annual recurring revenue (ARR) was $1.06 billion, up 0.7% year-over-year [13] Market Data and Key Metrics Changes - Enterprise cloud bookings reached $295 million, reflecting an 18% year-over-year growth [7] - Total cloud remaining performance obligations (RPO) increased by 13.7% year-over-year [7] - The cloud net renewal rate remained consistent at 95% [13] Company Strategy and Development Direction - The company is focused on reshaping its business to concentrate on faster-growing core businesses, particularly in cloud and AI [6][10] - A divestiture agreement for Vertica was made for $150 million, with plans to use proceeds to reduce debt [5][16] - The company aims to divest one business unit or product category per quarter to streamline its portfolio [20][24] Management's Comments on Operating Environment and Future Outlook - Management reaffirmed a total revenue growth target of 1%-2% year-over-year for fiscal 2026 [10][16] - The company expects Q3 total revenues to be between $1.26 billion and $1.28 billion, reflecting a slight reduction due to the eDOCS divestiture [17] - Management expressed optimism about the growth trajectory of core products, particularly in cloud and AI [11][28] Other Important Information - The company appointed Ayman Antoun as the new CEO, expected to join in a couple of months [5][21] - The company is executing a $300 million share buyback program, with half of this amount already repurchased [18] Q&A Session Summary Question: Concerns about AI disrupting OpenText and content management - Management clarified that OpenText does not create applications but provides content for training AI, ensuring the need for content remains [30] Question: Confidence in ongoing divestitures and valuations - Management expressed confidence in maintaining a divestiture cadence of one per quarter, with strong interest from buyers [31] Question: Ayman Antoun's mandate regarding divestments - Management confirmed alignment on strategy with Ayman, indicating no significant changes expected [36] Question: Dynamics of cloud bookings and revenue guidance - Management noted strong bookings but acknowledged that deals can shift between quarters, maintaining a positive outlook for future growth [38] Question: Customer adoption of Aviator and AI training - Management indicated that customers are in early stages of preparing content for AI training, with significant work ahead [42] Question: Impact of cloud migrations on software budgets - Management suggested that as companies deploy AI, they will need to curate data, which may drive software budget increases [65] Question: Tuck-in M&A strategy and AI risk - Management stated that tuck-in acquisitions will focus on acquiring subject matter experts to enhance AI training capabilities [70]

Welcome back to opening bet. I want to talk more about tech because we've seen the NASDAQ down two and a half month low at this point and it's down 2.6% this week. Sarah Kunst is with us, managing director at Cleo Capital.Is tech still a great investment. Is this just a minor blip. What is troubling tech so much versus the rest of the market.>> I think that it was the the sort of lead on the way up and we're going to see it be a bit of a lead on the way down. Um, I don't think that there's kind of this mono ...

Financial Data and Key Metrics Changes - The company reported an operating loss of $17.4 billion and a net loss of $12.6 billion for Q4 2025, driven by a decline in Bitcoin's fair value under mark-to-market accounting [6] - For the full year 2025, the company reported an operating loss of $5.4 billion and a net loss of $4.2 billion, with results within target guidance based on Bitcoin price [6][10] - The digital assets increased from $23.9 billion at the end of 2024 to $58.9 billion at the end of 2025, reflecting a $17.9 billion increase in fair value [10][14] Business Line Data and Key Metrics Changes - The company successfully raised over $25 billion in total capital during 2025, funding growth across its treasury strategy and expanding its product ecosystem [3] - The company established a cash reserve of $2.25 billion in Q4, providing over 2.5 years of dividend coverage [5][16] - The company achieved a BTC yield of 22.8% for the year, translating into a total BTC gain of 101,873 Bitcoin and a BTC dollar gain of $8.9 billion [7][8] Market Data and Key Metrics Changes - The market value of the company's Bitcoin holdings increased from $41.8 billion at the end of 2024 to $58.9 billion at the end of 2025, despite recognizing an unrealized fair value loss of about $5.4 billion throughout the year [14][15] - The company added approximately 225,000 Bitcoin during the year, increasing total holdings from 447,000 to 672,500 Bitcoin [15] Company Strategy and Development Direction - The company adopted fair value accounting at the beginning of the year, enhancing transparency regarding Bitcoin holdings [4] - The company aims to systematically increase Bitcoin per share over time, regardless of near-term market cycles, and to continue delivering durable BTC value for long-term investors [9] - The company is focused on digital credit issuance through its Stretch product, which is expected to amplify common equity and increase Bitcoin per share [43][45] Management's Comments on Operating Environment and Future Outlook - Management emphasized the importance of maintaining a long-term focus despite short-term price volatility in Bitcoin [14] - The company believes that the fundamentals supporting Bitcoin as a digital asset remain unchanged, and it encourages shareholders to hold their investments through downturns [20][21] - Management expressed confidence in the company's ability to service its debt and pay dividends, even in a challenging market environment [32][34] Other Important Information - The company received its first-ever credit rating for a Bitcoin treasury company, marking a significant step in institutional recognition [5] - MSCI confirmed that digital asset treasury companies will remain eligible for inclusion in its global market indices, which the company views as a positive outcome [5][18] - The company has been actively engaging with regulators and policymakers to support its efforts for index inclusion and to address concerns regarding digital assets [18][19] Q&A Session Summary Question: How does the company plan to manage its debt in a volatile Bitcoin market? - Management stated that they are not worried about servicing their convertible debt and have plans to equitize it over time if necessary [34] Question: What is the company's strategy for increasing Bitcoin per share? - The company plans to sell digital credit through its Stretch product, which is designed to amplify common equity and increase Bitcoin per share [43][45] Question: How does the company view the current regulatory environment for Bitcoin? - Management highlighted the positive shift in government attitudes towards Bitcoin, noting increased support from key political figures [48][50]

Company Overview - Clearwater Analytics provides scalable SaaS solutions for investment data management and reporting, enabling real-time access to accurate investment information across various asset classes and reporting systems [4] - The company operates a Software-as-a-Service (SaaS) business model, focusing on automated investment data aggregation, reconciliation, accounting, and reporting, particularly through the Clearwater Prism platform [7] Financial Metrics - As of market close on February 4, Clearwater Analytics had a stock price of $23.46 and a market capitalization of $6.80 billion [3] - The company reported a total revenue of $640.38 million and a net income of $392.58 million for the trailing twelve months (TTM) [3] Recent Investment Activity - Chase Investment Counsel Corp established a new position in Clearwater Analytics, acquiring over 237,000 shares valued at $5.7 million, which represents 1.6% of the firm's equity assets under management (AUM) as of December 31 [5][6] - This new position is outside the fund's top five holdings, which include significant investments in companies like NVIDIA and Google [6] Acquisition News - In late December, private equity firms Permira and Warburg Pincus agreed to acquire Clearwater Analytics for $8.4 billion, or $24.55 per share, in a take-private transaction [8] - Depending on the timing of Chase's purchases, there could be potential gains; however, investors are advised to be cautious due to limited upside and potential downside risks if the acquisition deal does not proceed [8] Stock Performance - Clearwater Analytics' shares have decreased by 17.4% over the past year as of February 4, underperforming compared to the Nasdaq Composite's decline of 17.3% and the S&P 500 index's decline of 15.5% [9]

Core Viewpoint - Atlassian has raised its fiscal 2026 revenue growth forecast, anticipating strong spending on enterprise software services as clients increasingly adopt artificial intelligence [1] Group 1: Revenue Growth Forecast - The company is betting on robust revenue growth driven by the integration of artificial intelligence into its services [1] Group 2: Client Spending Trends - There is a notable increase in client spending on enterprise software, indicating a shift towards more advanced technological solutions [1]

VeriSign (NasdaqGS:VRSN) Q4 2025 Earnings call February 05, 2026 04:30 PM ET Company ParticipantsAlexei Gogolev - Executive DirectorDavid Atchley - VP of Investor Relations and Corporate TreasurerJim Bidzos - Executive Chairman, President, and CEOJohn Calys - EVP and CFOConference Call ParticipantsJamesmichael Sherman-Lewis - VP and Equity Research AnalystRob Oliver - Managing Director and Senior Research Analyst of SoftwareOperatorGood day, everyone. Welcome to Verisign's fourth quarter and full-year 2025 ...

Financial Data and Key Metrics Changes - Q3 revenue grew by 9%, reaching $212 million, with subscription revenue also increasing by 9% to $158 million [24][4] - Non-GAAP operating income rose by 36%, exceeding expectations, while GAAP operating income more than doubled for the second consecutive quarter [23][24] - Annual Recurring Revenue (ARR) increased by $11 million quarter-over-quarter and 7% year-over-year [4][24] - Free cash flow reached a record $67 million, with $39 million allocated for share repurchases [28][29] Business Line Data and Key Metrics Changes - Subscription revenue growth included an 8% increase in fixed revenue and a 13% increase in usage revenue year-over-year [24] - The total customer count increased by 15, marking the largest quarterly increase in over three and a half years, with million-dollar-plus customers rising to 140 [4][24] - Subscription net retention was 101%, consistent with expectations [25] Market Data and Key Metrics Changes - The Data Marketplace and other revenue increased by 8% to $54 million, although it fell slightly below expectations due to timing-related dynamics [26] - Demand for the Data Marketplace re-accelerated in mid-November, returning to double-digit growth [27] Company Strategy and Development Direction - The company is focused on achieving the "Rule of 40" by FY 2028, targeting revenue growth of 10%-15% and a non-GAAP operating margin of 25%-30% [16][17] - The strategy includes expanding the Data Marketplace to support AI models and applications, and transitioning to a usage-based pricing model [12][14] - Partnerships with major players like Publicis and Uber are being leveraged to enhance service offerings and drive growth [15][16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the business's durability and scalability, emphasizing AI as a significant tailwind for future growth [3][6] - The company anticipates achieving double-digit revenue growth in the near future, supported by strong ARR momentum and a pivot to usage-based pricing [17][20] - Management highlighted the importance of a trusted data network for AI applications, positioning the company as a critical enabler in the advertising ecosystem [7][9] Other Important Information - The company has zero debt and a strong balance sheet with approximately $403 million in cash and short-term investments [29] - The upcoming annual customer and partner conference, Ramp Up, is scheduled for March 3rd to 5th, providing an opportunity for investors to engage with the ecosystem [21] Q&A Session Summary Question: Insights on Publicis partnership - The partnership with Publicis is a culmination of years of platform modernization and pricing model changes, allowing for innovative collaboration [36][37] Question: Upsell and cross-sell opportunities - Q3 saw strong sales driven by expansion with existing customers, particularly through the Clean Room offering [39][40] Question: AI partnerships and prioritization - The company prioritizes AI partnerships based on client feedback and existing relationships, focusing on both legacy companies and new startups [44][46] Question: Growth in commerce media networks - Significant growth is expected in travel, food delivery, and finance sectors, with new pricing models facilitating access to smaller clients [50][52] Question: CTV integration performance - CTV continues to grow as a strong component of the business, with expectations for ongoing growth in FY 2027 and beyond [54][55] Question: AI's impact on subscription business model - Management reassured that AI is not disrupting demand for their products, with strong sales performance and increasing deal sizes [61][67]