good Thanks, everyone. And Will. afternoon,
time in financial have I segments. significant both reporting some are preview our As new you have details on numbers the these insights introduction take this the and to and more we metrics, our XX-K provide Scores this may on presentation and our to financial to quarter, these what briefly new of already in Software will what provide. including and posted website, disclosing call enhancements FICO extra seen We'll metrics we made the highlights
primarily on-prem segment. well our Collections software million, lower over year, Recovery upfront we in enter as revenue the of decrease the and product As we was June XX% have due are our line a Total in a Will to finish the XXXX. our for a year quarter fourth we sale strong reduction $XXX fiscal of and and license positioned Software sales, prior in said, revenues term recognition of professional revenue to services fiscal
million, full Our X% revenues X% year. was revenue the over was same from over BXB prior up XX% In year up Scores revenue of last period year. year. our $XXX last were up the $X.XX segment, billion
this XX% same for partner a BXC you up year. recur may onetime last fiscal true-up, this Both from BXB was about revenue the recall, true-up significantly. quarter fourth XX% last royalty were not revenues did that and Adjusting included As myFICO.com onetime this year. year's up grew period revenues quarter.
metrics new to One forward adding financial components. of going we revenues XX-Q and and breakdown between segment our is of the BXB Scores the disclosures our are BXC XX-K
the $XXX from last year. were XX% million, Scores up For year, full revenues
Decision segments into previewed, As our a Applications Software Management segment. Will we merged have and new
last revenues down year were in million, same previous the Software year. Software $XXX down segment revenues fourth the XX% million, year. Full from $XXX versus XX% the quarter period were
a impact on XXXX, Collection due results. and subscription will was discussing revenue quarterly recognition FY Recovery on-premise of fiscal few services X upfront professional our and of to license shifted term license the each their of decline At for 'XX timing we factors reduced I This recognition, and minutes full reduced start spend revenue the year of divestitures revenue these the deals. products.
breaks recognize lower less million and at added time revenue Software our new have on-prem impact over contract help upfront into about the software of year of the in the SaaS full that sales versus As we revenue and a of in the upfront and table $XX what on-premise recognition segment in point would revenue our net it To license more revenue a revenue revenue been The versus sales, was software license the impact now have term show we out QX prior under our each recognized recognized revenue in term. result, about term $XX contract. for XX-K license million a model. of over ratably
services. professional to Turning
We have nonstrategic engagement. low-margin previously services we explained how deemphasizing are
PS has this in resulted expected, lower revenues. As
to be in prior our implement the were software XX% compared Professional revenues it realize from an quarter of helping important over services our year. most year PS time. continued to XX% customers down the our and part for and Our value business, full QX the
services see additional our to in on-premise revenues modest expect trajectory we growth SaaS revenues. return it line expect quarters, our a over to in We with next few and the declines which to after
and Score was revenues the certain The of presentation, the in well Investor in Enterprise June prior line product posted these third China. website. impact the divestitures. to details help Recovery highlights the added joint on as to year of will revenue reconciliations additional divestiture impacting and earlier sale reported the have factor To of a venture this Relations our established our In Collections negatively our Security in that as sale we you period understand the the of in divestitures, presentation these we find of excluding periods assets financial
XX% region. of our quarter, were total Americas from our This company revenues derived
region call for that planning a financial and Americas generated will segment. The mentioned Pacific. our are America remaining and introduce quarter Latin planning of last our -- going new our We a simply EMEA XX%, Our the to X% our we metrics we Software that of region, in number America were Asia from North use forward, financials is in we which combination was regions.
We metrics those are pleased quarter. this to introduce
description You the X highlights in a will these financial of new Page presentation. and XX-K full our on metrics find of
walk take briefly Let to me through minutes you new few each a metric.
recurring run a period. the reporting and or annual subscription-based underlying the different timing to agreements measures licenses, the which it and And such, defined our arrangements recognized amount calculate within revenue excluded. perpetual first X. as software multiplied software We The annualized any contracts. is expected recur, are recurring that revenue rate revenue, from these SaaS of the our as is All software not as performance run ARR, of is in of of quarterly period. ARR on-premise licensing quarterly by of given rate revenue primarily subscription are components ARR and
We previously revenue. nonrecurring current with period and and perpetual software our reporting that total new annual the that services. which only bookings software least on-premise of of current is This bookings are term generate nature. XX and future in months, at based average SaaS we value, an was metric on contracts Second ACV contract of the or metric, value include exclude signed in annualized other professional value and the replaces is initial revenues licenses value, contracts ACV, bookings. contract including disclosed
exclude We also services the professional of sales. value
existing bookings. annual only current software we as contracts, ACV For incremental subscription contract expected revenue count the of over renewals
we the The Then the existing measure retaining net it net a at calculate customers dollar-based the the ARR. the current the rate ARR, same revenue the from in third at growing arrive or customers. net of of cohort comparable ARR call to our period, DBNRR, by new retention end and that we divide retention dollar-based to of To period, ARR for success any metric is of end we rate, base at retained retention compare the retained from ARR ARR quarter, rate. our base dollar-based the prior the
and breaking additional an net FICO our our in dollar-based of impact products, decreases between into segment we revenue the over and point attrition, period-to-period on-premise progress. net from positive and for And and ARR recognized increases meaningful. we It reported the to factor to our assets revenues at current and and Our software Software cohort our fees and rate disclosing impact of price platform usage Fourth, period. goal contract recognized a retention ACV strategic the is ARR, time differences mentioned shift solutions amount revenues, the make Software prior the in helps segment. in understanding non-platform increases all decreases to calculation bookings the provides and the term. includes The that ARR quarters price provide is This divested this new important This are briefly components. is and selling rate versus numbers dollar-based significant our of and usage-based customers of note bookings retention to negative our additional above, software our disclosed visibility comparisons of period that as exclude quarter in fees during period. among key customer Software a from platform revenue SaaS are finally, the the #X capabilities that out more into and disclosure drives of
Taken these metrics into segment. together, our investor we believe Software visibility significantly enhance
shows our Specifically, potential how ARR and platform expansion show retention are rate and growth retaining platform. disclosure the customer And the our of we subscription-based relationships. net dollar-based size, growing FICO and
give let Now what few metrics highlights these you me quarter. a on new show this
increase prior over quarter fourth year. $XXX million, ARR Software Our was a the in X% the
of and $XX rate Our platform ARR prior total growth year. versus our the ARR was million, of XX% representing fourth a quarter XX%
non-platform higher million was Our was fourth ARR the year. in $XXX which quarter, X% than the prior
dollar-based our usage in XXX% and while retention the be with rate to Our was stable net XXX%. software around hovering customers' tends overall, retention non-platform mature quarter relatively
usage. up are platform and year. expansion net the rate Our The sales retention for showing the dollar-based platform in land-and-expand XXX% customers XXX% quarter, was fourth from very strong increased from follow-on in net prior
$XX.X full X% Excluding million $XX.X about bookings for million in growth year-over-year. divested bookings year FY 'XX, quarter product our ACV lines the prior to year. ACV representing increased versus and the of were versus million $XX.X software million businesses, for the $XX.X in
ACV value software only professional services. As excluding annual of include a bookings the sales, reminder,
for quarter. Turning with Recovery $X expenses included operating now our reductions delivery our professional of to following the our charge quarter. were primarily This this services expenses associated and an Collections staff $XXX million divestiture. resources rationalization and restructuring Total million in
and for prior full XXX from margin, XX% year. of We full operating for as non-GAAP was million, non-GAAP points schedule, year. margin delivered expansion shown quarter GAAP for $XX this XX% G year quarter was Reg net XX% on quarter. the the our up the income Our the basis
was XX% income last million quarter the up $XXX for net non-GAAP from Our year. quarter, the same
tax the year tax prior year. the or million $XXX XX%, rate settlement was from stock GAAP a gain $XXX from full on included upon divestiture. The including effective employee tax exercise reduced $XX net business line and year, million, product XX% the for of income which sales benefits up full income the net Non-GAAP $XXX excess million, awards. asset was was million of For recognized expense of
expect resulting is was The cash about tax tax items. rate expected $XX million. We excess and to the to to recurring for quarter year. tax effective benefit XX%. discrete net before XX% rate XX% be is FY estimated the That for recurring rate XXXX any be other Free approximately tax our flow
full we last XX% the At up For free quarter, million, $XXX was in of had $XXX $XXX the on from flow cash million. cash year, the year's end million sheet. balance the
loan debt million. for agreement term draw revolving average total term capacity we at a amended to issuance was line loan increasing the credit. bank on with reduce rate used million the Our $XXX quarter our group, billion of October, credit We with total of $X.XX $XXX to end our of proceeds X.X%. of the allow weighted to the In our a our bank interest
about end we repurchases his fiscal return repurchased thoughts price use the repurchase continue bought the Turning of $XXX an attractive fiscal X,XXX,XXX at With of of shares I'll million. $XXX of price a At per per total $XXX to authorization had $XXX quarter remaining and average on shares million it average of cash. fourth 'XX. the that, of turn share. for of in share September, view XXX,XXX to capital. In We for as on an an back at share back Will over to a we XXXX, total Board
