Kinaxis Inc. (KXS) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

as well as in our CDAR Plus filings. During this call, we will discuss IFRS results and non-IFRS financial measures, including adjusted EBITDA, a reconciliation between adjusted EBITDA and the corresponding IFRS result is available in our earnings press release and MD&A, both of which can be found on the investor relations section of our website, canaxis.com, and on CDAR Plus. The webcast is live and being recorded for playback purposes. An archive of the webcast will be made available on the investor relations section of our website. Neither this call nor the webcast may be re-recorded or otherwise reproduced or distributed without prior written permission from Kinaxis. To begin our call, Bob will discuss the highlights of our quarter and recent business developments, followed by Blaine, who will review our financial results and outlook and open the line We have a presentation to accompany today's call, which can be downloaded from the Investor Relations homepage of our website. We will let you know when to change slides. Over to you, Bob. Thanks, Rick. Good morning, and thanks for joining us today. I'm pleased with the first quarter results, and I wanted to highlight three key items. First, it was a solid quarter for new business, including record expansion business volume for a first quarter. Our ARR grew 14% as reported and in constant currency. SAS growth was 16% or 17% in constant currency. Second, we continue to make progress with profitability as adjusted EBITDA was up 46% and the margin hit 25%. Lastly, it was our third consecutive quarter delivering rule of 40 plus performance. We view this consistency as key to evaluation that better reflects our elite positioning in the vertical software universe. This performance allowed us to maintain all guidance eleme...