The company said it had an error on page 18 of the February 2024 investor presentation and corrected the five-year average annual constant growth rate of recurring revenue for its Global Technology and Operations segment from 10% to 12%.

1. 01

   The company said it had an error on page 18 of the February 2024 investor presentation and corrected the five-year average annual constant growth rate of recurring revenue for its Global Technology and Operations segment from 10% to 12%.

2. 02

   The company reported recurring revenues of $899 for Q2, up from $840 a year earlier, total revenues of 1,405, up from 1,293, and operating income of 124, up from 108 (in millions of dollars). It said recurring revenue growth was 6% in constant currency.

3. 03

   The company presented Adjusted Operating income of 174 for Q2 (173 a year earlier, in millions of dollars), Adjusted EPS of $0.92 ($0.91 a year earlier), and an Adjusted Operating income margin of 12.4% (13.4% a year earlier). LTM free cash flow conversion was 110%.

4. 04

   The company said it reaffirmed its fiscal 24 outlook, calling for recurring revenue growth of 6 to 9% in constant currency and Adjusted EPS growth of 8 to 12%. It also expects an Adjusted Operating income margin of about 20%.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.