Q: The market seemed to like KXS earnings. Do you have any comments to add to previous ones based on conference call? What do you see for KXS going forward?
5i Research Answer:
KXS discussed SaaS revenue, which grew 19% in the quarter, significantly higher than 11% to 13% expected. ARR balance grew by 20%. KXS said incremental bookings hit record levels for the quarter. Margin at 26% was also at the high end of guidance. KXS also described several recent client wins and its AI initiatives and partnerships. The tone was better than expected and the results were good. This should alleviate some of the recent pressure on the stock.