Technology
Software - Infrastructure
$28.13B
6.2K
Key insights and themes extracted from this filing
Total revenue increased by 7.3% year-over-year to $1,124.5 million. A&C revenue increased 15.3% to $405.6 million, while Core platform revenue increased only 3.2% to $718.9 million. This indicates A&C is the primary driver of revenue growth.
Net income increased by 76.1% year-over-year to $146.3 million for the three months ended June 30, 2024. This is a substantial improvement in profitability compared to the same period last year.
Total costs and operating expenses decreased from $928.5 million to $916.3 million year-over-year. This decrease in expenses contributed to the increase in operating income.