This quarter saw the launch of Asset Management (the 45th product, tapping into a new TAM); Career & Succession Planning saw strong adoption; Project Arc became the largest system update in company history, with customers seeing 4x performance improvement; IWant AI has become the primary entry point for new users. In 1H, 11 million shares were repurchased (float -20%).
Management raised full-year guidance: revenue of $2.197-2.212B (+7-8%), adjusted EBITDA of $1.007-1.022B with a margin of ~46%, and raised free cash flow expectations to $650M+.
Signals are positive: management's tone was confident, emphasizing rapid adoption of new products and improved new-sales efficiency, with no negative signals.