Earnings per share hit 40 cents, clearing the 38-cent consensus estimate from analysts polled by FactSet. Revenue for the quarter rose 7.1% to $234.6 million, aligning with broader Wall Street expectations. This performance marks a rebound for the stock, which had previously seen a 2.4% decline year-to-date through Tuesday's close.
Chief Executive Ramesh Jayaraman attributed the results to strong momentum in core markets and a robust sales pipeline. He confirmed that the firm remains positioned to reach its long-term financial goals by fiscal 2028.
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