Enghouse Systems said fiscal second-quarter revenue declined as customers remained cautious, recurring revenue churn persisted, and discretionary projects were delayed. Profitability improved on cost controls and cash generation remained strong, partially offsetting the weaker top line. The update points to soft demand conditions, but not a severe deterioration.
Enghouse Systems said fiscal second-quarter revenue declined as customers remained cautious, recurring revenue churn persisted, and discretionary projects were delayed. Profitability improved on cost controls and cash generation remained strong, partially offsetting the weaker top line. The update points to soft demand conditions, but not a severe deterioration.
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mildly negative
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-0.25
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