Financial Data and Key Metrics Changes - Total revenue for FY '25 reached $121.8 million, reflecting a 7.1% increase compared to the prior corresponding period [3] - Recurring revenue remained strong at 84%, with net revenue retention at 102% for FY '25 [12] - Underlying EBITDA increased to $39.5 million, with a cash EBITDA margin of 16% [12] Business Line Data and Key Metrics Changes - Workforce Solutions achieved $5.4 million in new business, including the largest single contract win worth over $1 million [5] - Education and Work Pathways secured $6.6 million in confirmed enterprise wins, with significant traction in higher education [6] - Justice revenue grew by 9.5%, driven by new customer wins and upgrades [14] Market Data and Key Metrics Changes - The enterprise momentum is highlighted by a growth pipeline of $33.1 million, up from $31.8 million in FY '24 [4] - Local government revenue showed a rebound with $2 million in contract wins in Q4 FY '25 [7] - The government segment faced product delays earlier in the year but has since recovered, leading to new wins and upgrades [14] Company Strategy and Development Direction - The company is focusing on its four flagship products to drive enterprise growth and capitalize on digital transformation in large markets [16] - There is a strategic emphasis on AI initiatives, with seven new AI projects launched in FY '25 aimed at enhancing product capabilities [8] - Incremental investments of $2.5 million are planned for FY '26 to support enterprise growth and margin expansion [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in entering FY '26 with strong momentum, projecting revenue between $132 million and $135 million [25] - The company anticipates continued growth driven by a high conviction pipeline and confirmed wins from FY '25 [25] - Management noted that AI products are expected to contribute to revenue growth as they scale through the customer base [10] Other Important Information - The company announced the upcoming departure of its CFO, with a new CFO to be announced shortly [26] - The integration of the Councilwise property and rating engine has been successful, contributing to the recovery in local government revenue [7] Q&A Session Summary Question: Guidance for revenue in FY '26 and pipeline updates - Management indicated that net revenue retention is expected to be around 103%, with a significant portion of new business wins recognized in FY '26 [30] Question: Acceleration in revenue growth for FY '27 - Management highlighted that growth acceleration is supported by AI products and continued focus on customer upgrades [32] Question: Impact of new hires from competitors - Management confirmed that new hires bring valuable sales and marketing capabilities, enhancing the company's expertise in local government [40] Question: Nature of government revenue growth and churn - Management clarified that churn rates are stable and attributed recent growth to the resolution of earlier bottlenecks in product upgrades [44]

Financial Data and Key Metrics Changes - ReadyTech achieved total revenue of $121.8 million, representing a 7.1% increase compared to the prior corresponding period [3] - Underlying EBITDA increased to $39.5 million, with a cash EBITDA margin of 16% [11] - Recurring revenue remained strong at 84%, with net revenue retention at 102% for FY 2025 [11] Business Line Data and Key Metrics Changes - Workforce Solutions delivered a record year with $5.4 million in new business, driven by Ready Workforce [5] - Education and Work Pathways secured $6.6 million in confirmed enterprise wins, including multiple contracts in higher education [6] - Justice revenue grew by 9.5%, driven by new customer wins and upgrades [13] Market Data and Key Metrics Changes - The local government segment saw a rebound with $2 million in contract wins and upgrades in Q4 alone [6][7] - The enterprise momentum is highlighted by a growth pipeline expanding to $33.1 million, up from $31.8 million in FY 2024 [4] Company Strategy and Development Direction - The company is focusing on its four flagship products and AI initiatives to drive enterprise growth and margin expansion [15][16] - ReadyTech aims to optimize its AI capabilities to enhance product offerings and internal productivity [21][22] - The strategic acquisition of the Councilwise property and rating engine has been well integrated, supporting growth in the local government segment [7] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in entering FY 2026 with strong momentum, projecting revenue between $132 million and $135 million [23] - The company anticipates continued growth driven by a high conviction pipeline and confirmed wins from FY 2025 [23] - Management noted that the AI products are expected to provide incremental revenue opportunities as they scale through the customer base [10][31] Other Important Information - The company launched seven AI initiatives in FY 2025, including Talent IQ for Workforce and AI Recognition of Prior Learning for education [8][22] - A new CFO will be announced shortly, with no input on the current outlook guidance from the incoming CFO [50] Q&A Session Summary Question: Can you help us with the bridge from results for this year with respect to the pipeline that has been secured recently? - Management noted that they ended Q4 strongly with $10.4 million in new wins and expect net revenue retention to be around 103% for FY 2026 [28] Question: What underpins the further acceleration in FY 2027? - Management indicated that the acceleration is partly due to increased focus on customer success teams and unlocking cloud upgrades in local government [30] Question: Can you talk about the recent hires from TechnologyOne? - Management confirmed that the hires bring sales and marketing capabilities, enhancing local government expertise [39] Question: How have you talked to rebounds in wins in quarter four? - Management clarified that churn is tracking close to historical rates and the growth was driven by the ability to upgrade clients to the wider suite after resolving a bottleneck [41] Question: Can you discuss the new CFO's input into the outlook guidance? - Management stated that the new CFO had no input on the current guidance, but the announcement of the new CFO is imminent [50]

Financial Data and Key Metrics Changes - ReadyTech achieved total revenue of $121.8 million, representing a 7.1% increase compared to the prior corresponding period [3] - Underlying EBITDA increased to $39.5 million, with a cash EBITDA margin of 16% [11] - Recurring revenue remained strong at 84%, with net revenue retention at 102% for FY 2025 [11] Business Line Data and Key Metrics Changes - Workforce Solutions delivered a record year with $5.4 million in new business, driven by Ready Workforce [5] - Education and Work Pathways secured $6.6 million in confirmed enterprise wins, including multiple contracts in higher education [6] - Justice revenue grew by 9.5%, driven by new customer wins and upgrades [13] Market Data and Key Metrics Changes - The local government segment saw a rebound with $2 million in contract wins and upgrades in Q4 alone [6][7] - The enterprise momentum is highlighted by a growth pipeline expanding to $33.1 million, up from $31.8 million in FY 2024 [4] Company Strategy and Development Direction - The company is focusing on its four flagship products and AI initiatives to drive enterprise growth and margin expansion [15] - ReadyTech aims to optimize its AI capabilities to unlock top-line growth and operating leverage in FY 2026 and beyond [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence heading into FY 2026, projecting revenue in the range of $132 million to $135 million [23] - The company anticipates continued growth driven by a high conviction pipeline and confirmed wins from FY 2025 [23] Other Important Information - The company launched seven AI initiatives in FY 2025, including Talent IQ for Workforce and AI Recognition of Prior Learning for education [8] - A new CFO will be announced shortly, with no input on the current outlook guidance from the incoming CFO [50] Q&A Session Summary Question: Can you help us with the bridge from results for this year with respect to the pipeline that has been secured recently? - Management noted a strong Q4 with $10.4 million in wins and expects net revenue retention to be around 103% for FY 2026 [28] Question: What underpins the further acceleration in FY 2027? - Management indicated that increased focus on customer success teams and AI product scaling will contribute to growth in FY 2027 [30] Question: Can you talk about the capabilities brought by recent hires from TechnologyOne? - Management highlighted that these hires bring valuable sales and marketing capabilities, along with deep domain expertise in local government [39] Question: How have you talked to rebounds in wins in quarter four? - Management clarified that churn is tracking close to historical rates and the growth was driven by the ability to upgrade clients after resolving a bottleneck in the local government segment [41] Question: Has the new CFO had any input into the outlook guidance? - Management confirmed that the new CFO had no input on the current guidance, but an announcement regarding the new CFO is imminent [50]