Q3 2025 Financial Highlights - Cloud subscriptions revenue reached $1136 million, a 21% year-over-year increase[9] - Total revenue for Q3 2025 was $1870 million, also up 21% year-over-year[9] - Subscriptions revenue in Q3 2025 amounted to $1472 million, reflecting a 20% year-over-year growth[9] - Adjusted EBITDA for Q3 2025 stood at $322 million[8] Gross Margin Performance - Subscriptions gross margin was 88%[9] - Professional services gross margin was 34%[9] - Overall gross margin was 77%[9] Revenue Retention and Renewal - Cloud Subscriptions Revenue Retention was 111% as of September 30, 2025[37] - Cloud Gross Renewal Rate was 98% in Q3 2025[14] Q4 2025 Guidance - Cloud subscriptions revenue is projected to be between $1150 million and $1170 million, representing a year-over-year growth of 16% to 18%[38] - Total revenue is expected to range from $1870 million to $1910 million, indicating a year-over-year increase of 12% to 15%[38] - Adjusted EBITDA is forecasted to be between $100 million and $130 million[38] - Non-GAAP diluted earnings per share are anticipated to be between $004 and $008[38]

Financial Performance - Total revenue for Q1 2025 was $1664 million, an 11% increase compared to Q1 2024[10] - Cloud subscriptions revenue reached $998 million in Q1 2025, a 15% growth from Q1 2024[10] - Subscriptions revenue totaled $1344 million in Q1 2025, reflecting a 14% increase year-over-year[10] - Adjusted EBITDA for Q1 2025 was $168 million[7] Margins - Subscriptions gross margin was 89%[10] - Professional services gross margin was 30%[10] - Overall gross margin stood at 78%[10] Customer Retention - Cloud subscriptions revenue retention rate was 112% as of March 31, 2025[8] - Cloud Gross Renewal Rate was 99% in Q1 2025[17] Guidance for Q2 and Full Year 2025 - Q2 2025 cloud subscriptions revenue is projected to be between $1010 million and $1030 million, representing a 14%-16% year-over-year growth[39] - Full year 2025 cloud subscriptions revenue is expected to range from $4190 million to $4230 million, a 14%-15% increase[39] - Full year 2025 total revenue is forecasted to be between $6800 million and $6880 million, indicating a 10%-12% growth[39]