Great. Thanks, Eddie.
Eddie earnings revenue As we and total $XXX reported in of million QX $X.XX mentioned, share. adjusted per
our Our timing response incremental estimated XXXX performance investments. year-end of in includes based and reform. our targeted on and exceeded early-stage with of the $X.XX above on cloud objectives tax to impact transition, our revenue were Overall, QX business we total EPS our earnings true-up taxes of
Our GAAP of EPS being to was between in GAAP XXXX, earnings share difference the per in the adjusted the quarter the impact $X.XX compensation. compared and $X.XX with stock-based earnings per QX share
license So, $XX.X QX the we million, our to range end million $XX.X achieving the $XX.X was of call. discussed revenue million in upper target
license full-year million million are in license For to $X we million estimating we revenue targeting $XX are in revenue. XXXX, In QX recognized. $XX XXXX,
was about be year, $X.X XXXX. We up XXXX. full-year to $XX.X expect cloud margin XX%. million, million revenue, revenue in up recognized QX QX Full XXX% over XXX% gross we cloud over license
over XXXX, about range For million cloud are the $XX over opposite of up revenue million, about QX we our million revenue year. $XX XXXX, to be a and license XX% targeting XX% growth to cloud with for revenue-recognized we XX% And prior recognizable representing will $X.X estimate of XXXX.
for full-year the to, the is million, cloud combined XX% supply for, recognized transition cloud. over revenue total and the interplay up Our current reflecting chain XXXX, license estimate preference of and XXXX $XX market
Associates. release. significant as our RPO annual I remaining XXXX of cloud Manhattan obligation bookings, indicator RPO XX-Qs which you point in results is I’ll to our short, policies the refer leading quarter bookings in For and a We've earnings revenue section by RPO accounting found also want on to disclosure, our for indicator XX-K. directional today's included In of to our performance
– As RPO part Remaining US represents disclosure required to value be as all companies. bookings. publicly-traded of performed required or revenue obligation contractual the performance is by of XXX, obligations referred ASC to otherwise unearned
less noncancelable value with are For excluded year Manhattan, a this greater value represents of term under cloud year. Contracts XX-plus-percent noncancelable reported revenue disclosed than our amount. one of one bookings from of or contracts unearned the
million, performance over our RPO million. $XX XXXX. So, December representing XXX% remaining exiting XXXX, $XX.X XX, was XXXX, our obligation a totaled increase At
licensing in our performance relative will Going closed our supplemental forward, of Last and release we continues schedules. depend earnings report XX-K number and we and on RPO large XX-Qs deals on the cloud, quarter. in value point our any to
we remain large important, shift toward in to beyond. deals expect the license XXXX to While subscription mix and models continue
subscription smaller and components this easier over While is may time product sizes be enterprise revenue add and deal as over recognized are the won to done a contrast positive, to in time bit is also deals.
some impact retained retailers caution and cycles. business investment and that clients macro some also geopolitical particularly by and potential We prospects, slowed could around decision-making events global
down Now, about QX revenue $XX shifting XXXX quarter X% totaled to collections. on over maintenance, for timing million, the cash of the
XX-plus-percent. greater at continue rates retention strong than Our
timing we have quarter to cash cash can collections quarter. from so cause As maintenance inter-period once customer, renewal collected a reminder, the lumpiness effective become from of contracts our
XXXX, during depend timing to X.X%. million a million, level be $XX.X with QX revenue over license cloud impacted of range about – maintenance X% the revenue timing of to resulting customer XXXX perpetual and maintenance and timing closed the our $XX between midpoint estimate $XX the about any full-year will cash $XXX million, full-year by XXXX, of somewhat down and transition. results of revenue to existing conversions to on and year We QX are retention million estimating will maintenance and as million, For collection. we down rates $XXX cloud deals about the
of XXXX the Against revenue do revenue expect million, growth to targeting on QX compared Americas with a with we're consulting the midpoint second-half and X% totaled demand XXXX, QX value solid XXXX X% up services, With midpoint growth pipeline $XX.X estimating We Europe. increasing, year-over-year we demand $XX.X XXXX comp, of $XXX growth for America's quarter to full-year an growth XXXX in to to target in about flat of half. in consulting million. a estimated be reflecting tighter over year, to and prior of comps weak revenue turning million. XX% So, demand improving improving services up services are second X%
investment quarter margins the were maintenance Our on cloud and consulting business. service subscription services consolidated and driven and for our headcount XX.X%, in increased
to For be QX to XX.X% expect margins services XXXX, we about be to XX%. our full-year XX.X% and range
increased margin and annual demand. gross reflects in Our investment cloud meet XXXX services operations, increases our compensation capacity to
Turning $XX.X million margins, our totaled operating margin income XX.X%. an income to QX and operating of with operating
Our due XX.X%, full-year operating basis XXX margin of was timing about investment. to points expected higher business than
we of are think. in For operating operating That's income and range. year, to XX.X% with the the to XX% XXXX fairly in a midpoint million of $XXX full million targeting $XXX range million margins I calibrated, $XXX
of to million, we midpoint margin midpoint are XX.X%. with million million income a XXXX, the QX estimating For $XX.X $XX.X a operating to and $XX.X of operating XX% range, in with XX.X%
with R&D, our operations. services increases continued business cloud and marketing, the taxes in decline XXXX, combined and forecast QX including license QX sequential sales investments driven Our FICA consulting ops, growth and facilities, compensation our margin people in and reset annual by XXXX from for and is US across
covers the that results. So, operating
adjusted a effective QX rate was XXXX resulting in income Our of full-year rate XX.X%, tax XX.X%. tax
For are estimating XXXX, tax XX.X% we a rate. effective
Regarding we structure, QX share buybacks. $XX in capital million invested
of approved board assumes common limit week, For over activity. And year, million per $XXX full we the million $XX no shares quarter X% a estimating million, fully XX.X diluted to and buyback reducing XXXX. replenishing our shares we XXXX. authority repurchase our and diluted are Last invested which about year, for our total
zero we cash million Turning investments $XXX to cash, with debt. quarter and closed and the totaling
XXXX, $XXX $XXX balance cash license operations by cloud in transition driven and Our to primarily cloud deferred due down X% over from to revenue flow million, compared lower up December Full-year totaled maintenance million billings. totaled revenue. XX, $XX current XXXX, and million
For in in capital from facilities incremental the million totaled approximately $XX investments $XX million. for flow with to the assumed and cash US, operations estimate Capital expenditures expenditures quarter, And the XXXX, year. the million. India we be year for for $X.X both totaled
back for So, then closing with Eddie XXXX up our comments. it some I'll and turn to guidance wrap
So, we earnings share. provide will revenue, on continue margin guidance operating total per annual to and
As we near-term effectively our success more the have stated, masking we results level value creation. adoption, a reported the be, significant subscription will of underlying weaker income previously short-term statement with
our So, is revenue midpoint XXXX to million. $XXX guidance for total million, million revenue, a with of $XXX $XXX estimate
earnings about a to For EPS our per midpoint estimate a with share, adjusted XXXX $X.XX of range is $X.XX, $X.XX.
margins, GAAP is targeting range adjusted of $X.XX. XX.X% EPS to a to XX.X% full-year we $X.XX Operating operating are margin and of to guidance margin operating GAAP XX% XX%. Our
to business reflect we our transition incremental related continuing committed aspirations finally, in call. long-term And ramp objectives margin in remain our investments. to we including cloud the to growth QX Our XXXX, discussed
focus profile With is an us the our to the quartile Our building follows with topline base in our growth, as same beyond said, calls. responsible peers. compared at top expected that XXXX, are rate on that returns long-term and sustainable that a margin aspirations our to on are repeated which subscription I've operating the previous
a We early XXXX, late to XXXX. are return revenue by growth targeting
a range by to be targeting to CAGR X% cloud I revenue, XXXX, ahead to schedule XXXX. project bit XXXX. revenue From XXXX XX% XXXX through a From little through the think By recurring the midpoint On of XX% gross guidance, revenue total in we XXXX. are all-in XX% of XX%. the we’re we’re guidance, of revenue there. midpoint to XX% to CAGR X% XX% we mix of recurring the targeting our margin
historical comps, margin net XX%. Thank a cash to we to will of XX% turn with our in you. our back and in ratio to to for assumptions financial range about the our recalibrate When our forward, to we line update X.X XXXX income. That successes operating the Our call to closing at XXXX, flow to And for XXXX. we net ratio expect income free of be comments. in to trend covers the growth based some Eddie clear on X.X I'll continue
