Q3 revenue breakdown: Recurring, $343M (consensus: $342.5M); Perpetual Software Licenses and Hardware, $16M (consensus: $31.9M); Consulting Services, $100M (consensus: $110M).
Gross margin was 56% compared to the 54.9% consensus.
CEO transition: The company appoints board chairman Victor Lund as interim CEO, effective immediately. Oliver Ratzesberger has resigned his CEO and board positions. The board has established a committee to search for a permanent replacement.
Earnings call starts at 5 PM with a webcast here.
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