Financial Performance - The company's LTM recurring revenues reached $1350 million, a 13% increase (CC +13%) [127] - ARR reached $1405 million as of September 30, 2025 [131] - The company anticipates total revenues between $1461 million and $1490 million, or $1481 million to $1510 million in constant currency for the full year 2025 [141] - Free cash flow for the full year 2025 is projected to be between $430 million and $470 million [141] - Q3 subscriptions revenues increased to $344 million [124] - Q3 services revenues increased to $21 million [124] Growth & Adoption - Data center construction spend has increased by 184% since December 2022 [28] - Approximately half of survey respondents are either piloting AI or have already implemented it [87] - The company's OpenSite+ delivers projects up to 10 times faster [89] AI Implementation & Concerns - 40% of respondents believe AI is a major consideration, and they are actively adapting their business model for significant future disruption [55] - Security and data privacy risks are the primary concerns across all firms adopting AI, with 45.7% of respondents indicating this concern [99] - 27.9% of respondents believe that faster AI adoption by competitors will surpass them in data-driven decision-making [45, 50]