Integration synergies and strong cash flows are driven by solid execution
Total cloud seats installed stands at a milestone 1,039,000 - an increase of 83% year-over-year
As Reported | Pro-Forma* | ||
Q4'14 | Q4'13 | Q4'13 | |
Revenue | | | |
Net Income (Loss) | | | |
Non-GAAP Net Income | | | |
Adjusted EBITDA | | | |
All results are reported in millions of US dollars | |||
See tables for reconciliation of non-GAAP measures to GAAP measures | |||
*Consists of the combined results of | |||
"2014 was a transformational year for
In the fourth quarter
Cloud Operational Metrics * | |||||
Q4'13 | Q1 '14 | Q2 '14 | Q3 '14 | Q4 '14 | |
Total Cloud Seats | 566,562 | 625,699 | 754,045 | 861,624 | 1,039,032 |
Recurring Cloud Seats | 121,314 | 142,600 | 195,673 | 244,889 | 269,155 |
Retail Cloud Monthly Average Revenue Per User (ARPU) | $ 48 | $ 48 | $ 47 | $ 46 | $ 50 |
Retail Cloud Average # of Seats per Customer | 31 | 32 | 34 | 39 | 37 |
Retail Cloud Monthly Customer Churn | 0.5% | 0.6% | 0.6% | 0.7% | 0.4% |
*Information reflects results on a pro-forma basis, as if the | |||||
Financial Highlights
AS REPORTED:
PRO-FORMA:
"Profitability and integration continue to be high priorities. Our performance in the December quarter demonstrates the underlying strength of our investment in growth initiatives, M&A consolidation strategies and disciplined management approach. Synergies of
Recent Business Highlights
Business Outlook
Conference Call Information
Non-GAAP Financial Measurements
This press release includes references to non-GAAP financial measures including adjusted EBITDA, non-GAAP net income and non-GAAP operating expenses. Non-GAAP financial measures do not have any standardized meaning and are therefore unlikely to be comparable to similar measures presented by other companies. We use these non-GAAP financial measures to assist management and investors in understanding our past financial performance and prospects for the future, including changes in our operating results, trends and marketplace performance, exclusive of unusual events or factors which do not directly affect what we consider to be our core operating performance. Non-GAAP measures are among the primary indicators management uses as a basis for our planning and forecasting of future periods. Investors are cautioned that non-GAAP financial measures should not be relied upon as a substitute for financial measures prepared in accordance with generally accepted accounting principles. Please see the reconciliation of non-GAAP financial measures to the most directly comparable U.S. GAAP measure attached to this release.
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