business quarter. long-term success discuss Thank driving and strategy third product N-able's joining this and quarter for Griffin, us morning. Today, you, thank our highlights I will you, and for the everyone, short- for and results,
an on a and Revenue million, X% approximately Starting exceeded XX% representing with margin. once representing guidance. EBITDA was basis. again year-over-year our X% growth currency $XXX.X reported We on was constant million, EBITDA quarterly Adjusted third adjusted $XX.X results. our basis a quarter
cyber medium-sized MSPs to the on We resilient. target. is strive small, are business growing in We businesses because make mission our
Our systems are safe their functioning. IT management and software ensures
the software up data businesses they And the the systems security protection matters. in believe our and event of safety resiliency the back restore running, data We this keep and their world We and our software secure. data net make loss. we manage, protects Our resilience, IT creates IT from attackers. systems need keeps to software running.
layers on business cloud underlies Looking The numerous. our by what data are strongest momentum. event. data cyber high or security, the for and depend continuity a strongest see at IT We industry faces in the different the In systems. and management. of demands results. the protection, those are quarter, data platform, When stakes followed functioning this tailwinds the our echoed fuels then protected Businesses are this extension resiliency and IT protection. potential our fail Demand compromised, were business risks systems
customers a want Our answers minimize solution outage, and a downtime way They and in Protection this loss. their to operations breach of the reliable or want data problem, digital Data to call. case Cove an reliance restore
also opportunity now proven grow this to product digits, that in projected the is market to our group. technological fastest-growing growth and is the largest revenue And pleased our in for see we category. cloud rates disruptive attractive fit, market moat considerable double continue backup to winning our architecture Cove, which With again once product announce our are is We recurring solution, product differentiator.
seen and breadth compelling also with creates our The resilience. suite. suite end-to-end for top-tier our depth security demand of We've steady value cyber
We house. or take mentoring, the encompass remote to protective management, password technical the device patching, aim don't antivirus, one defend Our protect point device a EDR, protection, offerings like just entire services. door and control We endpoint entry window. e-mail front
portfolio. security Brought XDR, solve they solutions managed by tech-enabled is extended pressing the software, as and via our detection as combined third life powered stands known is Our which distinctly to response security our resonating challenges. human-assisted these services, MDR, response strength out detection partnership, and of within
and are the playing to ability to enables time IT and together have a see stacks with are piece provides multi-vendor, efforts. ability mapping This gaps XDR where of Without technicians remediation respond the losing estate, correlate and game to First, cleanly focused to They they and left whack-a-mole. data events. waste see IT coverage and act interact broadly the software their the to between struggling trying risk multiproduct comprehensive manually across entire base.
human events second, ingest provides XDR creates users. data the and the the MDR of need. from This and cloud, the breaking network, security without Our technicians endpoints And complete interpretation feature insights actionable bank.
labor The shortage they right most industry medium been salient to MSPs found, particularly is to We prohibitive address by human efficiently. major this where can experts, significant cost staff be talent and profitably Even augment in persistently of the often their the seen is greenfield outsourced which businesses market where considerable human and operations has providing a we at cybersecurity the challenge. opportunities. of element allows the small This challenges skilled when have face end adding MSP low businesses.
our this MSPs of X of are of And fastest-growing this at representing transformative leading delivering pillars. development, MDR the with SKUs on XDR pillar. with year Empowering the our 'XX strategic stage one X security fiscal and solutions is we
long trends 'XX leverage to industry We relationship to position to also fiscal transform the year ourselves the and term. looked at better customer
I'm headwind. transformation, While overall with pleased also this trajectory initiative generated near-term the a this has of
especially long-term thesis in We a higher they This customers calls, long-term to the long-term we contract. MRR extensive support. award-winning connection growing contracts as strong. build from our started As relationship XX% been and of offering the customer Reception has N-able, over with product the at The straightforward. time. portfolio now our will behind is is and year. expansion commitments with prior beginning of Over retention initiative mentioned expected benefit deeper and our is stronger under customers believe drive
would us wanted to offering start bring contracts their customers Our that to they as operations. asked commitments belief also predictability, by supported fact long-term the is longer-term simple the
to is We this that initiative move. conviction have continue the right full
said, as first estate optimize the -- [ half restate pressure That half second occurred XXXX. of this XXXX, on in sought have customers our expect headwind we long-term for entering bulk deals, in short-term to ] subside to placing optimization
another we in growing changes XXXX in discussion challenged to implemented higher-than-typical due point, is relative increases environment Pricing comparisons state, inflationary XXXX XXXX, a pricing the normalized largely price with to reflecting more are XXXX.
transitory. expect We to pricing state optimization both the headwinds and be
focus to a step with to top-tier managed remain understand on heavy small through broader look baked delivering solutions these let's steadfast technology market its N-able in a of Now a resilience take service medium-sized that is enterprises and where why. providing everything trends we bets do. and and placing is providers our mission back at lean We on with into cyber
MSPs who IT MSP by support, to use for significant there's firm projects XX% to N-able. SMEs market pushing complexity IT analyst opportunity we This grow opportunity at is the a market rising -- for believe XXXX. in validated With least by
We This in are expansion. we are within sales with favorable with believe we These natural us strategy. backdrop and existing expanding where product markets Simply opportunistically also are in fit allow go-to-market resellers market alignment to put, operations adjacencies and -- and confidence see for investment efficient direct robust large positioning our we operating gives will SMEs. that
solutions demand enhance the see resiliency, and we protection. security namely that data for strongest further, in Looking
N-able through our and customers have our Cove XDR grow. partnership, We to strategically positioning priority these and categories invested in
remains focus. RMM also delivers core resiliency and a
solutions robust to monitoring RMM mind of protection built business features a Our a proven award-winning with proposition. including in include continuity patch fuel as value set help security capabilities, and fundamental
community theme to A efficiencies software also drive our burdened greater -- do RMM of sprawl. consistent that is often One reason the years XX over This businesses. efficiently. achieve the environments MSPs into their Our MSP and struggle we've that profitability largest technicians, to customers' on the often in our is difficult potential. solutions observed expense P&L, MSP's multiple is are with the service to
this address ultimately Our efficiency multi-tenant improving MSG workflows, labor raising technician and RMM streamlining by profitability. platforms
investment in customer [ next-generation to these ecosystem management Our platform, transformation RMMs ], ecoverse aims a further IT outcomes. the open into of ongoing the
stands grow. is as Cove proposition, conviction and to alongside a our With that customers customers to XDR positions and foundational investment our resiliency high enable our winning the delivering that a Ecoverse and efficiency strategic
and bringing are clear quarter. let's top look market in placing substantial the well at together, that, So With we we the key there's third priorities. all that positioned on customer it and we we so are bets delivered strategic opportunity, believe that execution
From perspective, strides product a made we forward.
calls part across in-central open alone, XX% our RMM expanded API analytics our API In over As APIs. data and of platform our of new capabilities strategy, million XX reached customers. SaaS we we've September with
data new activated with greater Our faster users. over businesses These and of track monthly part of to growing as collect fidelity X XXX analyze data response for and capabilities and the customers we allow agent, from X capabilities unified remediation. analytics with have unique collection active enabling devices X,XXX [ insight now allowing quickly Ecoverse faster Also million our ] attributes over for metrics million now insights, and our vision, with remediation. real-time over
significant protection allow requirements. delivered data policies meet creation progress. to to retention also model simplify We our the of to updated dramatically Cove compliance data customers
Microsoft the ability backup user, XXX restore made to boosting also We enhancements, compliance. to including and efficiency technician an alternate
to usability backup delivered and improvements. speeds up key XX% better Lastly, we implemented
Another impressive customers. list our the for benefit team for more and
turn simplicity to into complexity continue [indiscernible]. We for
chain. in ensuring are over portal federal maturity front, supply an can user protecting users. enhance used achieved identities, and we that regulated further security and the cybersecurity delivered civilian audit, service, we million certification, past and initiatives, including SOCX our And providers model protecting compliance credentials our stored global X we and to On encryption on defense operate XX,XXX by focus our federal announced increasingly our service robust that
to this distributor was shared presence go-to-market in our margins channel SME vision, The and which The we our like XX% of to of is element us significant positive commitments. strong conference over highly penetrate fragmented events the Ecoverse distributor with At while feedback channel at maintaining A channel of updates international revenue enabled EBITDA effective over all adjusted an product represented. encouraging. has this response major market our conference important in-person overwhelmingly Dubai, our XX%. strategy, is of
ongoing quarter, product and our as channel. efficiently part a bake-offs. highlight resiliency With One to performance IT rates in win right deliver is Cove. This we demonstrated the services made software of targeted investment world-class strategic as strong brand Cove implemented customer including head-to-head awareness. in top stage, solid our a with in to refinements at throughout further funnel mission each has we a investments conversion priority, market
to more at that we we capitalize can opportunities, proof get With on want --.
generation. vital visibility is website tool Our opportunity a and for
Cove we ensuring So Cove revamped them, for trust significantly MSPs XX,XXX world might too. business the Cove XXX,XXX why businesses right and be why the and the section, knows exactly
our refining are positioning. We also security
exploring pleased pricing category. been power upsell opportunities concepts fully the promising are While see security also realize customers. well packaging the safeguarding we and true further have to and security we within received and penetration, N-able's and bundling with we opportunity products, changes are portfolio the seize Exploratory and
mission. roughly customer ARR market in is deal, wins good a to tech this built and exactly time This to efficiently focus strive RMM, quarter representing SMEs save to effort for away internal in With value money, tools stack our this EDR win small cases, business deliver on about $XX to medium needs, device centralize everywhere. small IT we executing customer segregated to XXX-employee was per and and their success month. organization capitalize products process. a the strategy our a looking -- In its from move instructed that illustrate Two to per $XX,XXX market and the enterprise and an and Cove a success purchased on use
as sited IT ecosystem -- wanted another ecosystem factor Ecoverse as vendors their $XX,XXX in and approximately to a of signing And example, MSP to stack. ARR, our part of deal deciding and like them other customer a keep representing open
RMM, that Our confidence workflows run of robust DNS. them, to and that with both AV are giving RMM them to had enable switch integrations operations desired, ensuring they and could the
an ecosystem IT with honor thousands and IT these be through of trusted global needs, security our channel. to of management contribute, and to other is It success customers' the open and the
deliver growth and To to conclude, has model continued profit. our
small resilience executing for than we more cyber and are on underserved focused and and on MSPs medium-sized critical ever businesses. We initiatives, are building
and closing for back We'll it Tim to Tim? now circle over hand remarks.
