Gross margin increased to 62.1% , up from 57.9% a year earlier. Price attributed the improvement primarily to the completion of Q2’s cloud migration in January and a higher mix of subscription revenue. Addressing analyst questions, Price said the margin improvement was not one-time in nature, and he expects gross margins to remain “right in that ballpark” for the remainder of 2026. He added the company sees potential for further cloud-related margin improvements in 2027 and 2028 as Q2 optimizes scalability ...