everyone. afternoon, Good Dan. Thanks,
Matt measures, is include our as release will GAAP financial between reconciliation financial in and website. non-GAAP and of today our discussion Our section our non-GAAP mentioned, financial between in non-GAAP and a earnings Differences include measures acquisition-related acquisitions, fair GAAP the expenses, IR related as well amount as compensation, in frequency that acquisition-related revenue significantly certain value can from vary adjustments, other adjustments of separation-related certain amortization intangibles, measures including to expenses, and stock-based period-to-period. other items available
to to For X I'd Cognyte. which rates. also was Intelligence our exclude February foreign our adjustments first includes exchange spun it mention as certain Cyber also results off like quarter on related metrics, business, that
discontinued period operation So standalone prior now us a shown it's a company and in results. our
of ahead million, strong expectations. came million we the our non-GAAP revenue XXX started at EPS diluted EBITDA came mentioned, at came and in Non-GAAP in that $X.XX. adjusted with As Dan came in at XX year results in
accelerate growth. XX% across Our year-over-year, cloud board. strong increased cloud were metrics our cloud to Non-GAAP our revenue with consistent objective the
bookings mark increased bookings the time, of SaaS, bookings than new PLE by the more new and XX% for pleased software from QX. cross we're for to XX% our New XX% year-over-year were in first
growth reflecting XX% recurring points multi-year XX% customers. cloud future this year-over-year, in reflecting growth our The XXX growth cloud ACV approximately basis that and bookings percentage contribute the SaaS million, to demand software revenue our increased from year-over-year for up XX% New our and to solutions commitments of a was periods. our XXX year-over-year, was revenue increased RPO will strong
to particularly bookings two than our year, full are for cloud Turning to strong our And we our are we outlook the the increasing year. with PLE pleased for XX% our outlook, momentum. more with annual start to
increased cloud for reminder, growth outlook annual to last of XX% XX%. a quarter, a we range our revenue As to
progress the SaaS. important to PLE measure of an to our Regarding metric mix, this transition booking new bookings is
As our steady last this the greater year, to a come our we increase years. continue SaaS expect customers portion software the bookings of three from to following shifting a over cloud,
revenue. major benefits of recurring One is the increase financial in our cloud the transition of our
Following of sources. our years, for expect to revenue in recurring the we in increase from software steady again last recurring year, coming this increases the percentage three revenue
over model our of cloud benefit improved major is Another economics time.
transactions effective notes market basis. sheet. Turning of Cognyte tranche issued of We million. our strengthened June. spin February prior the following to our investment, the XX% million as paid giving of closed the our convertible per conversion Apex the of capital balance price X, after stock notes and balance settled balance Apex on common with We second an a new cap our effect first to about call. we XX convertible of the following to several XXX which $XXX shares maturity sheet, converted we current of an loan which week on holds repurchased X.X in completed shares We for down term We share million upon
sheet million and of strong approximately transactions, a cash million. net with we have XX balance of these approximately XXX debt Following
including on million outstanding, excluding other in we you accrued To to we QX. shares year, your shares respect in to in and help as X.X QX XX preferred and million and basis further apex X the million expense, expect expect For with models, any the diluted an dividends. QX, and with have converted interest fully
we non-controlling In in momentum for of we the diluted X% at million year and revenue non-GAAP plus $X.XX QX, XX% X rate tax expect the on expect a we the or a year, for EPS non-GAAP range. of minus interest. million revenue midpoint Based of addition, the XXX and experienced the
bookings PLE than cloud last outlook revenue for our our and to for XX%. today raising Regarding year, growth we the our we quarter, raised growth outlook outlook are more new cloud
year Let were me how seeing also the progressing. discuss we
expense revenue making expense to expect outlook, between our to an we that EPS this in growth. expect cloud to revenue From increase to our $X.XX given year, QX, Based in strong million perspective, and with additional growth For we're sequential for we on XXX support million and sequentially run investments expectation increases XXX QX QX. QX.
up year. steps took let's year expect COVID. with differentiated With lower we during to the a due the quarter operator, lines As that driven of cloud strong last to a summary, reminder, strong In by for QX first cloud open expenses performance questions. our platform, for
