Q1 2025 Kinaxis Inc Earnings Call Transcript
Key Points
- Kinaxis Inc (KXSCF) reported a solid quarter for new business, achieving record expansion business volume for the first quarter.
- Annual Recurring Revenue (ARR) grew by 14% as reported, with SaaS growth reaching 16% or 17% in constant currency.
- Adjusted EBITDA increased by 46%, with the margin reaching 25%, demonstrating strong profitability progress.
- The company maintained all guidance elements for the year, including SaaS revenue growth, total revenue, and adjusted EBITDA margin.
- Kinaxis Inc (KXSCF) was recognized as a leader in the 2025 Gartner Magic Quadrant for Supply Chain Planning Solutions for the 11th consecutive time.
- Professional services revenue declined by 3%, attributed to the ongoing strategy of moving more professional services work to partner networks.
- There is caution regarding the macroeconomic environment, which could impact future guidance and revenue projections.
- The company is facing challenges related to the global tariff issue, which could affect customer operations and demand.
- Despite strong SaaS growth, the company maintained a cautious view on total revenue guidance due to discretionary professional services.
- The transition to public cloud has initially impacted software margins, although improvements are expected as migration progresses.
Good morning and welcome to the Kinaxis Inc fiscal 2025 first-quarter results conference call. (Operator instructions) I'd like to remind everyone that this call is being recorded today, Thursday, May 8, 2025.
I will now turn the call over to Rick Wadsworth, Vice President of Investor Relations at Kinexis Inc.
Please go ahead, Mr. Wadsworth.
Thanks, operator. Good morning and welcome to the Kinaxis earnings call. Today we will be discussing our first quarter results which we issued after close of markets yesterday.
With me on the call are Bob Courteau, Interim CEO and Chair, and Blaine Fitzgerald, our Chief Financial Officer.
Some of the information discussed on this call is based on information as of today, May 8, 2025, and contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from those set forth in such statements. For a discussion of these risks and uncertainties, you should review the forward
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