pleased operational Thank and solid quarter, by reported driven we've afternoon I’m discipline business. everybody. the that another Good you, in Matt. improved largely execution
low For the our been higher provided adjusted the full to million met XX% million, XX% grew approximately ARR end and $X to last excluding revenue guidance ARR FX year XXXX, EBITDA of you year-over-year impact of ARR we guidance $XXX quarter. and exceeded the our would've year-over-year.
total $XXX previously to ARR. accounted growth customers. for retention subscription ARR this rate was to We existing or from XX% contracts or specific expansion net million in XXX%. Net as as referred DBNE. ARR to defined metric approximately of dollar-based XX% NRR and the year-over-year NRR grew We've
lost how which few mentioned us sales we regions, to to as and post-pandemic and related for DBNE. There in last the calculate expect would contracts, quarter, timing quarters. sunsetting certain product international few by NRR we as is rightsizing next customers reflect and or impacted portfolio longer levels decisions renewals define to FX, in some change will NRR a volumes no impact ARR contract were cycles compared
half from the to in QX disruptions. million XXXX year’s moving to supply was of and the delivery strong chain related delays significant Fourth as QX as year. revenue orders $XX.X This QX X% period comparable also a certain constraints. a last a compared first to in XXXX also due delivery quarter chain revenue by last primarily result to to XXXX of the supply is impacted FX to decreased moving orders negatively same to hardware number QX hardware of
FX $XX.X year’s Excluding of of been compared to the million million, QX revenue higher $X.X or X% effect last QX. would’ve
mix. of revenue revenue year impact full XXXX in would’ve Fourth grew higher the prior as in largely the X% XX% compared The Subscription compared fourth revenue million, product related excluding to full the XX% and improvement XXXX. a million quarter $XXX to grew million quarter XX% the year year $XX.X gross is to to $XX.X XXXX. FX approximately for more was quarter. $XX XX% to the to margin million, For favorable year-over-year X% been
as Operating $X.X our fourth loss capitalization Fourth million head related result $X related in the $X.X a million bonus benefited changes included restructuring by quarter cost quarter loss of and a of This by and million of our to payroll expenses year, to $X incentive plan. to accruals. and lower FX increases lower of long-term approximately million XXXX. compared from expenses the compares R&D quarter costs fourth increased as partially reduction plans, operating in in expenses in was travel, non-recurring compensation software count, last offset from
year be million of our $XX as the year for a million million of XX, Phase $XX.X were Annualized for continue by and of $XX in Total of Phase Phase began million the savings $XX Phase X annualized resulting X of last of XXXX. savings in of will savings as annualized we reduction are year range. December plan. X savings in reinvented cost our May last XXXX part three X through plan, expected of to most with range completed to million million the near high $XX our the Regarding end to as expected XXXX. $XX.X end growth reminder,
the XXXX. $X.XX the quarter XXXX non-GAAP the impairment per the respectively. $X.XX the $X.XX long-term GAAP Non-GAAP same net compared the amortization, periods excludes in full share, and net items, per loss loss incentive and in per year which to fourth of of the was for per share non-recurring $X.XX assets, loss share of in earnings This compensation, $X.XX compares restructuring quarter. to share per tax QX of for charges, fourth impact XXXX was and in and Non-GAAP $X.XX. full intangible $X.XX and was year year $X.XX XXXX full losses share XXXX including of adjustments
EBITDA payroll was $X.X year cost margin adjusted margin and improvements quarter subscription was and in was negative XXXX capitalized Fourth and of periods management EBITDA the year. as adjusted negative largely by compared $X.X margin favorable EBITDA X% to adjusted in adjusted EBITDA the year-over-year towards expenses, year. million and The compared Full discipline, both $X.X negative and million and lower last million to $X.X same X% mix period X% product and X% for driven negative higher costs continued prior software related solutions. million
Agreements to year XX% year-over-year results. $XX.X discuss segments XX%. million agreements $XX full ARR and as to FX changes XXXX $XX.X in same million, grew Digital excluding grew XX% our and the periods to Digital now I’ll and last XX% quarter compared revenue ARR million respectively Fourth year. grew
XXXX FX XX%, fourth respectively. revenue in changes and year grew Excluding XX% and quarter full
Subscription million. XX% ARR grew $XX to
remind and large $XX.X to was the grew which that The fourth a subscription million first vast of will repeat on-premise XXXX, this the quarter you contract million recognized of the year XX% revenue quarter For quarter respectively. e-signature XX% majority multi-year not revenue I subscription had year. to ratable. and $XX and XXXX, want to full we year in in
XX% $X.X compared Fourth million year the higher improved as Increased XX% of the and combined margin million quarter. with a $X.X higher Operating efficiencies. largely a increased lower and to gross was drivers gross gross expenses scale QX quarter revenue The the performance. was operating in year. last primary was where to compared result of margin in income margin prior
we drive agreements, plan sales to line digital previously, talent discussed product increase and As additional hiring investments including growth of to in increase development. the top to
lead Therefore, generation expect accelerate awareness future create operating quarters. to to increase we brand and growth. expenses We also pipeline in plan sales increase in investments to
last revenue grew to ARR the our FX, year-over-year X% and X% in to respectively XXXX X% Turning to declined XX%. excluding changes grew to $XX.X Solutions segment $XX quarter Fourth periods results. Security full as and compared million, to $XXX.X ARR same and million million year. year
revenue year changes revenue XXXX full decline fourth in X%. quarter grew FX Excluding X% and
to Subscription ARR grew XX% $XX million.
grew in the [indiscernible] solutions. million XX% fourth in respectively, related from and full the authentication, revenue quarter driven the For licenses XX% $XX.X and and expansion contracts subscription Digipass and currency. to and million by token year periods in half sun-setting in in foreign of revenue products, $XX.X decreases by certain for customers signing XXXX to offset XXXX expected maintenance, software existing and delays was shipments Growth changes both transaction perpetual subscription first of
XXXX. second last normalized discussed first stock the resulted levels in increase Regarding our in optimize delayed delivery token We efforts Digipass of to to that enable XXXX. believe electronic plans component customer delivery and to shortages that quarter the shipments us half half of will to return beginning
margin. Digipass was last was partially QX The mix period Changing to product was including from and shipments reduction increase year. primary an be product in factor XX% in decrease the gross margin year. revenue Operating lower cost as in gross revenue. in in million offset in last and compared last to income attributed increase Digipass a subscription operating an by mix, and impacting XX% to XX% offset token $XX.X was increase increase year a was margin used million XX% gross can The electronic the component partially same activities tokens. compared by prices $X.X in differences and margin primary
at million Turning the million of quarter. $XX to compared equivalents from XXXX $XX operations and We million fourth last ended the sheet. and in primarily We to end short-term of to capital. the quarter million related balance in improvements generated end investments XXXX networking the our flows during cash cash, at $X quarter, of with of cash $XX
long-term no debt. We have
Asia from quarter regions of Pacific. XX% the region compares from XX% last XX% with This by largely and quarter the came Americas was our fourth from in and XX%, EMEA, the XX% Geographically, two prior from the the XX% respectively. in to XXXX same revenue mix quarters. fourth year, consistent of
respectively. XX% the same in compared mix from from XXXX, XX%, XXXX the was XX% XX% revenue from the regions year from and For Asia-Pacific the Americas full by and EMEA, XX% to region XX%
to you will turning investment year. an Before that I to guidance, remind XXXX be want
pipeline the highly in marketing more investing be and products our in growth. and of to and ACV year investments in people, will to weighted are expect to first revenues Sales growth our of the XXXX and half we marketing progresses, compared and the our as and drive year drive year, We XXXX. half strong half the will the profitability as in which the engine first increased profitable in sales XXXX growth second and result of in
For a of range to representing million. of $XXX million rate the to range we the and million the $XXX rate full XXXX, $X the to million, growth range $XXX Revenue in the representing XX%; will to be be $X following: be XX% year in adjusted EBITDA ARR X% of to $XXX growth million, of expect to in XX%; to of million
pleased to financial also May in an I’m announced XXXX. targets provide for our three year update
consistent are previous CAGR We previous compared a a XX%; target to as through exiting with of XXXX XX%. of XX% or the in compared XX% X% and target; as to in XXXX target to to our NRR revenue our be previous our exceed with compared forecasting of at to higher currently at XX% to of target to consistent gross profit approximately our XX% grow EBITDA previous to in through ARR XXX% adjusted target; XXXX XX% exceed XXXX margin range CAGR XX% grow XX% to to previous to to as XXXX XX%; our
for turn that, I’ll to some back remarks. closer And Matt it with
