Solid Non-GAAP Revenue and Margin Expansion
Non-GAAP revenue increased 7% and non-GAAP operating margin was 23%, with a 207 basis points margin expansion over last year.
Robust Core Wins
Secured 28 new core wins in fiscal year 2025, including 11 in Q3, with financial institutions totaling $30 billion in assets.
Growth in Cloud and Processing Revenue
76% of total revenue for the quarter came from processing and cloud, growing at 9.8% compared to 8.8% for Q3 fiscal year '24.
Strong Banno Digital Platform Growth
Banno Platform saw an 18% increase in registered users over the past 12 months, with over 13.7 million users.
Increased Deconversion Revenue Guidance
Full year deconversion revenue guidance raised to a range of $22 million to $28 million.