We now have the capacity to grow regardless of travel spend trends. If such trends are good, that will be great, and tailwinds are always helpful, But given our current very low market share, especially on the property management system, PMS side of our business, we can grow well even if such trends are not great.

Jan 22, 2024 / CEO / receipt, needs a key / Ramesh Srinivasan, CEO | earnings call 2024-01-22 | transcript ace8f01f-8cc1-43cc-8eda-bd6239ef73f6 | chars 7251-7566 | segment 7

Business from Europe, from EMEA, is okay, but not growing as much as we would like it to. while the hospitality industry in Asia continues to struggle with various levels of lockdowns and travel restrictions across several countries.

Jul 26, 2022 / CEO / receipt, needs a key / Ramesh Srinivasan, CEO | earnings call 2022-07-26 | transcript 13e04d77-479d-4f9d-9c35-67b13c3554cc | chars 2554-2787 | segment 2

These innovative software modules, which are well integrated with the core point of sale, hotel property management and inventory procurement systems, continue to make operations simpler for hospitality staff reducing the need for working through complex integrations across multiple technology providers, which they have struggled with for a long time.

Jul 26, 2022 / CEO / receipt, needs a key / Ramesh Srinivasan, CEO | earnings call 2022-07-26 | transcript 13e04d77-479d-4f9d-9c35-67b13c3554cc | chars 7905-8258 | segment 8

And according to what we are hearing, all travel is coming back quite well. And the headlines about inflation and possible recession and all that don't seem to be affecting them much so far. as far as we can tell.

Jul 26, 2022 / CEO / receipt, needs a key / Ramesh Srinivasan, CEO | earnings call 2022-07-26 | transcript 13e04d77-479d-4f9d-9c35-67b13c3554cc | chars 23693-23906 | segment 23

With respect to international regions, our sales levels in APAC this fiscal year have been at only around 40, 4-0, only at around 40% of pre-pandemic levels. International travel restrictions continue to have a serious detrimental effect on the hospitality industry across APAC countries.

Jan 25, 2022 / CEO / receipt, needs a key / Ramesh Srinivasan, CEO | earnings call 2022-01-25 | transcript bd2aecc8-1b3d-4fd3-8d18-5130f125cbfa | chars 6268-6556 | segment 6

Some months during this recovery period have seen high sales success and great business progress, and then some months seem to get overtaken by tough news headlines, infection spikes, heavy travel restrictions, especially across international borders, COVID testing requirements, back to increased work-from-home policies, and stark shortages at customer sites.

Jan 25, 2022 / CEO / receipt, needs a key / Ramesh Srinivasan, CEO | earnings call 2022-01-25 | transcript bd2aecc8-1b3d-4fd3-8d18-5130f125cbfa | chars 2364-2725 | segment 2

Fiscal 2022 will be a higher cost year compared to fiscal 2021 in several areas, including increased incentive compensation, travel, higher fiscal 2021 ending run rates in areas like R&D as we were hiring additional resources throughout the past year, increased need for implementation services and customer support personnel, and restoration of a few previously suspended employee benefit items like 401k match.

May 18, 2021 / CEO / receipt, needs a key / Ramesh Srinivasan, CEO | earnings call 2021-05-18 | transcript 4c7ab739-7d14-4e16-b43f-8d3586b572c9 | chars 10759-11171 | segment 10