Thanks, billings with gross good of today's and on everyone performance to QX Patrick, ahead had and We good in morning call. backlog increasing fiscal year-over-year. expectations
which We growth thesis of above regrew range. high slight a premium Solutions is guidance and Total Advanced market. end quarter, pleased our the both billion, and supports $XX.X year-over-year, X% the which at has IT to market growth were gross the to our Endpoint billing in to were that see the across up returned
with as-a-service Solutions by reduction are technology In by higher and basis. driven difference by cloud, of measures QX, recorded X net the the Endpoint there to offerings, hybrid driven net mobile mix and expectations software Advanced software year-over-year, gross revenue, and was a From XX.X% services. services. which billings between consistent X% Hyve, components, a PCs, perspective, Solutions from was grew grew on a XX% and driven which slightly
gross million $XXX comparison basis in Non-GAAP primarily year-over-year XX year-over-year tough of by Hyve mix. X.X% X% business and gross was driven points profit billings, or or down
Advanced year aged of recoveries as XXXX. experienced commented prior we Hyve, sits sold inventory margins the Solutions, recognition quarter, costs cost in in the through we which within carrying As to prior and incremental inventory elevated in due
from point prior Non-GAAP SG&A basis represented X.X% was non-GAAP which year. billings, improvement expense the of or $XXX XX million gross a
down. profit gross profit we believe metric a discussed, being Patrick is SG&A to new gross metric better we revenue as a reported our business expense compare than netted are As introducing to as of is non-GAAP more comparing
was to while percentage XX.X%, areas. profit QX to improvement by slight year-over-year driven in gross cost a growth continuing strategic The cost in balance management investments disciplined representing
Our as and business. gross we grow will profit to metric cost important focus our an percentage be
Non-GAAP which which distribution was due and decline operating Hyve down primarily $XXX expectations. million, income the billings, The of down Non-GAAP consistent year-over-year. was mix previously X% X.X% year-over-year, within margin with the discussed business. was basis to headwinds, we gross points our operating XX was
and $XX million, non-GAAP expectations. basis X.XX%, On rate effective a reported was and charges was margin points approximately the and Interest prior finance operating tax were the expense basis, XX revenue year down from consistent non-GAAP XX%. with
non-GAAP tax net was due than diluted was rate effective $XXX mix. guidance was and of expected Our EPS items our and $X.XX, discrete non-GAAP midpoint was range. favorable income lower which slightly the to million, above Total
the balance to turning sheet. Now
$X.X improvement working net This down year-over-year from QX, QX. And X of and net cycle was capital was conversion XX For quarter-over-quarter. billion, represented million days. cash the on days an $XX revenue based
stockholders generated of million quarter approximately As million dividends. of of quarter. a of $XX returned result returned of free have share and cash Year-to-date, $XX million flow capital $XXX stockholders was and repurchases the in to management, buybacks free million We million our and cash with $XXX form payments. dividend $XX we X in $XXX million strong the to for working flow
Similarly, shares billion paid dividends, cash our totaling million since or 'XX, of X.XX fiscal and flow. billion XXX% repurchased $XXX free have of we $X.X
sequential For quarter repurchases. share on slightly to capital a X, expect our increase basis, we towards allocation
stockholders $X.XX million dividend of quarter, For business $X.X October has Board our on and of and ended equivalents record of the payable be on will a $XXX XXXX, of We Directors cash cash the to close per XX, XX, debt approved with of billion. of XXXX. as quarter share, which current common the of October
Our also target of gross in was leverage net X.Xx. notes our that at paid million matured $XXX within QX, is was range. senior which ratio off we August X.XX%. In leverage X.Xx, And
to moving quarter. fourth for fiscal outlook Now our the
For to of representing the range midpoint. billion be $XX.X the $XX.X at billings to of in non-GAAP QX, we billion, expect growth X% gross
be which expect to XX.X%, approximately adjustment net of $XX.X translates gross billion We reported to $XX.X to our to billion revenue. percentage
of based Our guidance dollar X.X. to is a exchange rate on euro
$XXX of average range shares to $X.XX diluted to million. to to a of $X.XX net on the approximately expected Non-GAAP non-GAAP be income EPS per weighted million outstanding in share is diluted range is XX.X based be per expected And million. is diluted $XXX of which share,
Our non-GAAP is tax rate expense and to is expected to be million. interest approximately XX%, $XX be expected
flow QX, to stockholders, we approximately for the we in As close free mind returning committed and strategically flow to grow cash excess our free year to to fiscal needed business. investments keeping are out $X in cash billion generate expect
also and 'XX. is into result will working continue an expect to days, We returns investments cash result which in in through accretive spend fiscal fell 'XX, expected expand and as increased fiscal capital in IT will QX increase these to in demand but in
we to choice we the and believe in In distribution. remain to positioned recovery partner our the IT allowing be have of strong IT global unique fund sheet balance closing, capabilities, to a market benefit well us from
portion We call. Operator? the are begin ready to now Q&A of the
