Financial Data and Key Metrics Changes - Revenue increased by 5.9% year-over-year to 171.4million,markingthehighestfirsthalfrevenueinthecompany′shistory[5]−Non−GAAPnetincome,earningsperdilutedshare,andEBITDAincreasedby26.4670 million to 685million,reflectingastrongstarttotheyear[16]OtherImportantInformation−Thecompanyendedthequarterwith24.6 million in cash and 87millioninborrowings,resultinginanetdebtof62.4 million [17] - Total liquidity at the end of the quarter was $183.1 million [19] Q&A Session Summary Question: Comments on team reconfiguration and guidance increase - Management acknowledged the need for actions taken to address excess capacity and emphasized that guidance reflects these actions and associated savings [21][22] Question: Conversion rates and lead flow - Management reported strong conversion rates in Q4 of 2023 and the first two quarters of fiscal 2024, consistent with historical norms [24] Question: Regulatory landscape update - Management indicated that regulatory oversight remains strong with no signs of a slowdown in pressures faced by companies [25] Question: Margin guidance and profitability - Management highlighted that the current year is not characterized by one-time boosts but rather a continuation of strong performance [28] Question: Antitrust business performance - Management noted that M&A activity has shown signs of life, but the practice is still more focused on antitrust litigation [32] Question: Practices contributing to revenue guidance increase - Management credited the Antitrust & Competition Economics practice for exemplary performance and noted broad-based contributions from multiple practices [34][36] Question: Group hire in Intellectual Property practice - Management expressed excitement about the recent group hire, which is expected to enhance the practice's capabilities and geographic footprint [38] Question: Campus hiring plans - Management indicated ongoing efforts to attract top talent despite a softer market for junior-level hires [40]
