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Kinaxis Q2 Earnings Call Highlights
['Shane Hupp']
Ticker Report
The company raised its full-year revenue and SaaS revenue outlook while reaffirming its adjusted EBITDA margin guidance.
Get alerts:Total revenue rose 16% year over year to $158.8 million, while SaaS revenue increased about 20% to $106.5 million.
Foreign exchange rates reduced total revenue by approximately $900,000 and SaaS revenue by approximately $600,000, according to the company.
He described Kinaxis’ differentiation as its access to planning data within Maestro, its decisioning algorithms and its supply-chain network model.
SaaS revenue is now expected to be $427 million to $434 million, representing growth of 18% to 20%.