executed company growth. in well by The revenue QX Jason. driven subscription you, Thank healthy
reminder, As customers bookings significantly. new started a running ago. three we and Since quarters then, from have go-to-market increased more both focused plan exciting a
healthy flow. and of with position, pleased we term net is quarter. particularly subscription cash also the EBITDA cash We’re I’m which margin, flow this down to scaling XX% loan which that paid almost our adjusted leading our and positive cash our business, gross reflects generation
second to Let’s now turn some highlights. quarter
$XX.X by above of QX to As million our for revenues, modified improvement In total Subscription were revenues. quarter, million $XX.X This outperformance of The XX% second steady driven total of range $XX.X and million. million representing QX based ahead comprise from the guidance adoption subscription retrospective on a $XX.X growth. the revenues XXX. ASC quarter, $XX.X guidance million our sequential are in were was a results $XX.X last to meaningful now reminder, of second almost the year. and which the is of revenues million our
quarter revenues. the or XXXX, cost the leverages services During the and partners. as represented year million XX% down progress fiscal of company for $X.X first meaningful half of revenues of of drives time revenues. total This approximately and QX implementations Professional total our approximately represents XX% were further subscription the and
for which reconciliation assets. provided is I with of you of commentary non-GAAP margin impact earlier revenues intangible second quarter remind the XX% amortization subscription Gross issued over results, release $XX.X press Before be profit is of improvement earnings XXXX. today. a will or on, of the for the want on non-GAAP the QX million the and for us. excludes XX% results important gross A in stock-based GAAP fiscal Non-GAAP move compensation an was our I focused to XX%, to year that was Reaching XX%. milestone my substantial
produced the was for a exceeded second scaling subscription and profit operating we profit on income We of quarter we reflects XX%. see these for expect improved which levels our expect revenue margin an target million. focus the operating full to period in non-GAAP margin Non-GAAP to net move year, business. guidance was to is Gross Non-GAAP $XXX,XXX year of better remain $XXX,XXX of as the the XX%, professional loss our gross our This and operating through $X.X our services based at our EBITDA of ahead achieve $X.X than expectations. of to was We of of well improved million At share deferred was Adjusted net This loss for $XXX,XXX. $XX.X of of the non-GAAP a margin. the a total was million. is shares. was net of and $X.XX second in the guidance reflects the subscription gross $X.XX. guidance income of $XXX,XXX. quarter $XXX,XXX second which mix million, share XX strength ahead This our our $X.XX non-GAAP end of quarter, on revenues per revenue per to
of XX% not measure revenue business for prior perfect prepaid across terms. based customers customers. on on terms As deferred our the calls, I’ve not payment is a our on our annual invoicing our standard are Approximately shared
generate of was first million a deals positive. late was of we’re flow few by Free renewals. year, Through months company balance six We free first end of free as a quarter’s the first cash $X with half. cash flow time fiscal $XX.X structures remain of million we cash to This generated free $XX.X also are $X.X this with and $XX escalating at equivalents It’s to the at QX. in the positive ability year. We first impacted million cash the cash ended the confident the public our the compared payment the quarter. cash end flow in of and quarter million million flow with second
quarter, the paid During million. we by loan term our down $X.XX
net cash We are positive now position. in a
expect continues free our our and our flow reduce net cash As increase debt to position. outstanding cash to improve, we further
Before guidance, we of remainder how like on little perspective about provide a I the I’d to are share fiscal thinking XXXX.
conclusion outlook company we’ve our of of of we This quarters first fiscal Life sales of the have execution ago. on focused the into the as revenues. the go-to-market improved Tech High and reflects visibility With half couple the a our subscription Sciences changes and made a year,
XX% in in scaling to continue growth meaningful will made last at earnings to the company a range It we revenues lower of X.Xx amount. partners profit drive the XX%. driving Professional and to will and the subscription of end annual reflects We and of we’ve down expect Xx This our come with increase to profitability, range QX. implementation our progress what call. is in the cost on shared to leveraging I services line
For in and in I the QX. the teens for the professional be to climb into gross then back XXs QX, services expect margin
professional services revenues QX in volume given the We also increase engagements. of expect to
revenues a quarter June reflect million $XX This impact total XX, deal $XX.X million. range within in to subscription expect we million $XX.X does to third we an revenues to this, the XXXX, the ending expect from total range For of And escalating of structure. guidance million. be to $XX.X
lead customers to and sequential we’re the confident growth. new to strong will existing booking We’re continue deals of multiyear with and quantity
per very range average Life is be We’re also lead the operations the million. our weighted in the to in the based to of share income churn based quality of seeing our $X.XX deals be range of This with to million share to non-GAAP confident range a million expected $X.X using we’re on in count shares. million. low Adjusted platform. cloud customers $X.X of we’re on to $X.X income to booking $X.X Sciences the net XX.X from million expected $X.XX would of a is a EBITDA of Non-GAAP
While a provide July a ends our quarter on for see cash weekend. not quarterly scheduling already We please we guidance note X. on can third do basis, customers flow payments
weigh cash clearly While full this estimate. not year will it impact might on QX our flow,
our million. expect $XXX million For subscription subscription full year guidance. fiscal We midpoint range now XXXX, revenues revenues the we to are of from total $XXX raising to
We expect This from to total implies million range year million. $XXX.X professional fiscal XXXX. total to over approximately will $XXX.X be revenues, services revenues of XX% a meaningful improvement
range million and We a the range to based expect $X.X $X.XX is million. million of operations be non-GAAP weighted $XX average range the from of to million EBITDA per $X share $X.XX the Adjusted income count income of to non-GAAP in XX.X of shares. to in in $XX.X million expected on share
of $XX year cash to flow $X approximately million We the continue free Xx to flow be $X a range expect to fiscal free meaningful on increase of cash XXXX the million, in million.
fiscal was XXXX well half of The executed. first year
company. emerging, large of Sciences our on the is all on execution we sales strong, enterprise. focus companies and reflects is serve Gilead that mid-sized demonstrates the platform, which live which SaaS our can platform, Our
We in call the and will profitability. delivering me questions. on of that, the half operator build turn second remain let focused the to the Operator? growth we our year, for and momentum over With on
