good call. on to and morning Rich, today's Thanks, everyone
with As see guided revenue gross Rich line mentioned, with improving our market and an to we environment billings in ranges. were encouraged
Additionally, our further upper portfolio progress at profitability to flow, cash expanding strategic and our broad end strong our the and returns improve margins, free healthy EPS allowed us of on shareholders. in with to technologies, growth robust expectations
impacted Moving year-over-year. Solutions revenue in Fiscal to in down was line QX gross $XX.X of down $XX first by Endpoint fiscal X.X% business net-revenue adjustments year-over-year Hyve's on basis a Gross-to shift a margins X% total our our revenue Advanced in driven basis to decline gross a migration but increased and the a billion, were billings X% in This with X% year-over-year portion net Solutions. decline mix consignment by business X% and our performance. Net a improved of to quarter our negatively by ongoing expectations, billion, XX year-over-year and due model. points.
disclosures enhanced quarter, announced, starting are this we data some we As in providing investor presentation. previously our
categories technology printers via we storage, includes hyperscale for Hyve First, providing includes our Endpoint and infrastructure are mobile which Advanced net revenue billings, gross the business. PCs, of and Solutions, gross which software and Solutions, peripherals; servers, networking, and profit cloud, devices,
billings primarily addition, strategic cloud, In gross which Endpoint security, and categories Strategic data, in are found into but technologies Solutions, some technologies, infrastructure. for IoT we Advanced are providing split are and Advanced are both hyperscale Solutions. AI, our
hardware, from For billings were QX and XX% from perspective, software of gross QX, from a XX% technology from approximately services. X%
the XX to Rich more stabilize. product strategic also to billion adjustments. have areas, PCs market points expansion which gross-to-net we gross higher gross X.X%, due was were mix profit basis encouraged continues growth a in see and year-over-year As profitable to technology was Non-GAAP continued as mentioned, and up margin year-over-year in non-GAAP $X
Total $X.XX, make rate adjusted to The non-GAAP basis investments non-GAAP was Interest SG&A the rest we worse and of were our and expense than improvement due Total $XX improved non-GAAP outperformance primarily was was was upper expected quarter-over-quarter. higher-than-expected expense mix. at finance margin effective a operating year-over-year for with expense growth million as driven points. our balanced income $XXX XX end and million, line by EPS continue charges strategic million, forecast. and $XX outlook was $XXX down million million million non-GAAP was XX% the was in to X.XX%, range, diluted Non-GAAP approximately tax up 'XX. $XXX fiscal year-over-year margins million SG&A borrowings. of operating income on due net representing $XX our $XX supporting guidance of to
sheet. the debt billion. $X cash billion equivalents $X approximately turning of Now to and of with We the ended balance quarter and cash
was investment-grade our ratio rating. in Our credit and was gross X.Xx leverage with line net leverage X.Xx,
or receivable totaled prior current structure down We quarter. refinance $XXX that August are down $X.X intention from prior the all in its our maturity our of in ahead prior and the debt this debt Accounts and currently from slightly billion, totaled quarter; maturity. note to our senior of million of billion some upcoming inventories assessing $X.X year, billion, to $XX.X is
repurchases working days, and capital shareholders million flow of in approximately returned quarter the million, flow in from free and Cash quarter For X down $XXX was through X. dividend in days $XXX $XXX was from cycle million from $XX $X.X the was billion, of conversion cash and XX XX% $X.X was net to quarter, share payments. quarter the the first X; cash million. operations in free cash quarter down We billion
we authorized of for $X.X As our with now announced billion repurchases. Rich billion, further share repurchase share have newly authorization mentioned, $X
dividend close quarter, a per current April April of XXXX, year-over-year basis, common business increase XX, which of has stockholders the the of XX% on XX, on representing approved of payable share, Directors For on our a will $X.XX Board XXXX. a record be of as to
to Now for second our moving quarter. outlook fiscal
of the billion, X.X% of billings $XX.X expect basis a to a growth at We non-GAAP midpoint. on billion representing year-over-year $XX.X
expect $XX.X basis a revenue the at We flat billion, of midpoint. to billion the range $XX.X to total be on year-over-year in
$X.XX. on exchange is guidance a Our of based rate euro-to-dollar
per Non-GAAP XX.X approximately be million. EPS expected net expected outstanding range non-GAAP of of the to is $XXX and in the share $X.XX income based to on $X is to million $XXX range diluted to diluted million, in shares be weighted of
includes approximately expected is tax million interest expected expense debt non-GAAP be associated Our costs our $XX of is and onetime Interest $X deferred rate accelerated XX%. with approximately to million and to approximately expense anticipated refinancing. be
expect would expected growth improvement and Looking third working requirements. the million quarters further $XX we of in the From expense continue anticipated forward the quarter impact and second in estimates capital the million the to driven of $XX year, quarter billings XXXX, fourth X. perspective, gross expect include debt a our half fiscal refinancing we environment. by These high of in in interest X to and single-digit to fiscal mid- market of
on repurchases, year generate medium-term conditions. $X.X flow of while approximately via XX% allocation to and capital cash depending shareholders opportunistic free both fiscal returning flow the share cash expect to our of remain remaining to billion committed on target free market dividends for We buybacks and of
flow In to our business generate several the resilient past while is returns to volatile model strong conditions robust strong continuing has enabled weather shareholders. our quarters, and financial to us the cash over closing, and free profile market
solutions both We our areas emerging positioning and closely next improving quarters. customers, vendors market us to demand efforts growth and our OEMs to are the are benefits deliver capitalize working enhanced to several the on with technology well seeing over across traditional our and of
We are begin ready the now to of call. Operator? the portion Q&A