These 4 Low P/E Tech Stocks Could be Breakout-Ready Bargains i3 Verticals (NASDAQ:IIIV) reported second-quarter fiscal 2026 results marked by higher recurring revenue and continued investment in product capabilities, while ongoing weakness in professional services weighed on…
ganic growth and prompted a modest reduction to full-year revenue guidance. Second-quarter results show recurring revenue strength Chairman and CEO Greg Daily said the company was “pleased with our performance in the second quarter as we continue to execute against our strategy and further improve the quality of our business.” Daily noted that revenue from continuing operations grew 6% year over year and annualized recurring revenue increased 12%, which he called “the best indicator of our long-term growth opportunity.” Chief Financial Officer Geoff Smith said revenue for the quarter ended March 31, 2026 increased 6% to $57.5 million, up from $54.1 million in the prior-year quarter, “principally reflecting revenues from two acquisitions which have not yet annualized.” Smith said organic revenue was flat, citing a $2.2 million decrease in professional services revenue
Smith said the “ongoing weakness in professional services continues to be concentrated in our utilities market,” and the company expects that trend to persist through the remainder of fiscal 2026. He added that non-recurring revenue sources declined 11% year over year, while annual recurring revenue rose to $183.5 million from $164.5 million. Breaking down recurring performance, Smith said SaaS revenue grew 37% and transaction-based revenue rose 7%.
He said the company expects “elevated levels of SaaS growth the remainder of the fiscal year and accelerating transaction-based revenue growth.” Smith also noted that 80% of quarterly revenue came from recurring sources, and that the company expects lower software license sales for the remainder of fiscal 2026 after most expected license sales have already been completed. Margins…