Professional services decline - Co said lower Q2 revenue was driven by a 5.8% drop in professional services revenue due to continued project volume challenges in Document Services
Gross margin pressure - Gross profit margin decreased due to lower professional services margins, attributed to project mix
Operating expenses rise - Operating expenses increased 14.7% in Q2, mainly from higher general and administrative costs, including increased variable compensation and engineering personnel
Outlook for fiscal 2026
Company expects double-digit year-over-year SaaS revenue growth for fiscal 2026
Professional services revenue may continue to vary based on project timing and customer demand
Company aims to improve go-to-market execution and prioritize product and technology investments
Q2 revenue falls on lower professional services
US digital transformation firm's Q2 revenue fell 1.6% yr/yr, driven by lower professional services
Net loss widened to $1.1 mln from $0.6 mln a year earlier
Company cites project volume challenges and higher operating expenses for weaker results
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