Ajei. you, Thank Good everyone. morning,
full outlook third a year QX provide few and take performance me our our financial perspective on for to for quarter some add and Let and minutes XXXX. context assumptions
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were revenue and expectations. ACV During the both third below quarter
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in tax rate effective quarter is which was remainder that XXXX. we expect Our for the the third XX.X%, the rate of
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guidance. of topic the to turn me let Now
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guidance. operating me full Now let cash to year turn our flow unlevered
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relationships business Although unexpected driven deep This impact remains operating strong. in our a with by we portfolio, robust market strong customer export and from best-in-class experienced an compliance, leverage. is underlying a growth, recurring changes model model in QX highly
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in restrictions from have confidence Despite complex consistent simulation we export prospects core China, they with diversified strong we our additional challenges. customers processes to and approval Our demand from market in increasingly encounter is our certain long-term as product development the and headwinds for impact see of model. expect the
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areas on efforts focus continue of innovation ensure We our to to opportunity growth. continued and
Further into contained reaffirm assumptions including cash our specific currency our prepared outlook currency have in been details and M&A document. long-term XX% rates operating billion the QX $X XXXX and a constant cumulative result, XXXX other unlevered As and that remarks factored for also are we outlook of around to ACV XXXX tuck-in from of growth, flow.
highly with executed complexity is challenging for during quarter, and a entire recurring world-class relationships and environment. a you and our base, diverse ANSYS customer supporting the portfolio, in market-leading the To business model. deep customer broad we saw some resilient ANSYS' your We and work delivering in hard and financial thank customers innovation. well dedication team,
while I ability XXXX our the deliver team and confident in our the long-term in working industry. remain best to alongside outlook
questions. lines phone the take open now to will we Operator,
