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🔹 Revenue: $763.7M (Est. $749.19M) 🟢; +8% YoY
🔹 EPS (Non-GAAP): $0.90 (Est. $0.81) 🟢
Other Key Q1 Metrics:
🔹 Subscription Revenue: $746.2M; UP +8% YoY
🔹 Professional Services & Other Revenue: $17.5M; DOWN -4% YoY
🔹 Billings: $739.6M; UP +4% YoY
🔹 Free Cash Flow: $227.8M (vs. $232.1M YoY)
🔹 Operating Cash Flow: $251.4M (vs. $254.8M YoY)
🔹 Non-GAAP Gross Margin: 82.3% (vs. 82.0% YoY)
🔹 Cash, Equivalents & Investments: $1.1B
🔹 Share Repurchases: $183.4M (vs. $149.1M YoY)
Q2 Guidance
🔹 Revenue: $777M–$781M (Est. $775.58M) 🟢
🔹 Subscription Revenue: $760M–$764M
🔹 Billings: $757M–$767M
🔸 Non-GAAP Gross Margin: 80.5%–81.5%
🔸 Non-GAAP Operating Margin: 26.5%–27.5%
🔸 Diluted Share Count: 210M–215M
FY26 Guidance
🔹 Revenue: $3.151B–$3.163B (Est. $3.14B) 🟢
🔹 Subscription Revenue: $3.083B–$3.095B
🔹 Billings: $3.285B–$3.339B
🔸 Non-GAAP Gross Margin: 80.7%–81.7%
🔸 Non-GAAP Operating Margin: 27.8%–28.8%
🔸 Diluted Share Count: 210M–215M
#docu
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