August 16, 2019

What led to the gross margin improvement in the quarter?

Although we do not disclose gross margin, it’s true that cost of revenue as a percentage of sales did experience a 40 basis point year-over-year decline to 39.2% in the second quarter of 2019. Revenue growth outpaced increases in salary and other compensation expenses, which we identified as one of the primary drivers of this benefit in the quarter. In addition, professional fees were also lower in the quarter, as our use of external contractors in support of product development for our key growth initiatives can vary quarter-to-quarter due to timing and project plans.

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