Revenue for the quarter hit $114.4 million, more than doubling year-over-year and comfortably outpacing the $94.4 million consensus estimate from FactSet. While the top line flourished, net profit dipped to $13.3 million, or 34 cents per share, down from $20.4 million in the same period last year. Despite the decline, the result still managed to exceed analyst projections of 22 cents per share.

Management is now targeting full-year revenue between $382 million and $390 million, a notable bump from the previous $360 million to $370 million range. The growth is largely pinned to the company's data analytics business, which doubled its sales this quarter. This segment now accounts for 45% of total gross profit despite representing only 16% of overall revenue, prompting the firm to secure new debt financing to fuel further expansion.