were to year-over-year $XXX peaked guidance with We our XX% operating and million. Gary. range totaled our of updated above our $XXX this up pleased quarter, all results metrics. million Revenue Thanks, quite million, on which guidance $XXX
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expect Recession the do Looking recovery user-based layoffs wanes as do from furloughs, over industries growth operate crisis and by forward, when ago, the uptick footing. driven regain churn, form nominally headwind that Great the as and discussed on our is prior mind to in in their of as this will we call, pandemic a layoffs expect current the furloughs these and recover we temporary in decade license during to keep just associated the that we with It saw the important the higher with this persist.
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to the compared current We preserve during year will try environment. as the same as economic companies pressure the period the duration crisis likely last to under expect given remain cash
puts stands which for publicly just operations This the the top around as our quarter. margin SaaS we companies us the our cloud third total quartile performance. by operate efficiency driven basis, of Turning the gross strong to to all revenue expenses expectations, world. traded global and testament and with profitability a our in non-GAAP was a above On our XX%, result
third XX% total the expenses representing non-GAAP During quarter, $XXX increased to the XX% million, operating of over prior revenue. period total
We the focus million current controlling income quarter to instead events our and of to million travel well statement. recorded discretionary we which $XX as over reducing quarter wanes the pandemic, lower the customer on pandemic course well or loss spending year. gatherings. entertainment, savings crisis These our the income GAAP share-based $X.XX amounted as down including holding shares Moving expect by a $XX virtual shift million, third to spending, on XX million, above due for million to guidance per outstanding. ongoing basis, in we net amounts spending during $X $XX of driven spending a in-person our as the of return totaling $XX On will non-GAAP million eventually range the the next over during to of reported net
from final additional had prior to also the year back create in which as spend marketing delayed guidance our quarter the will compared We July. some in programs QX, of
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generated of cash with $X which corporate headquarters million tenant operating for we project. terms our $XX In million in cash in improvements, flow, flow, reimbursement included associated
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cash a enabling like Before investments evolution our plan capital growth, to brief many a disciplined announced the X moving in by which to purchased get repurchase us month we as enables million to $XXX our month, on program, to an We over our program, the strategy recently We repurchased to total of provide weeks Thus to strong average in million that flow. cost M&A. of or an share October, cash the additional to Board as an in over August. in the XXX,XXX of invested shares of XXX,XXX is was balance additional our of This well average allocation ongoing guidance, R&D, with us shares approved XXbX-X over our $XXX. in to final also as the an providing our of by program our believe in far update value of $XX total. common $X implemented of XXX and and of of free the effective generation course regarding at our stock our supported continue ongoing have a such while investments approach up price billion purchase mid-September, started we this our of shareholders I'd means
on stock and levels, program opportunity, execution the given Proofpoint upcoming in provide will We current calls. at this an view we our attractive growth repurchase updates our as quarterly investment continue to and
the the on move of let's to Now rest guidance year. for
billion, raise own million a quarter. representing of XX% completed as a increase for year-over-year. We in to $X billion QX, infers as handful data million, our the XX% approximately increasing range QX a the our guidance million $XXX guidance and private in $XXX financial $X.XXX in do reflecting during that a QX hardware of We an at fourth that their similar and centers. here a to fourth million, quarter, from refresh due an customer our midpoint with year-over-year that, large quarter. and appliance services runs implied of XXXX to prior against the port well growth revenue for approximately quarter growth This a we the cloud $X.XXX representing deployment Note are revenues benefited $X benefit by expect archiving services projects not the to
gross margin expect and fourth approximately non-GAAP to We annual be XX%. quarter
net of at $XXX fully net midpoint million increasing $XXX In our on terms $XX income $XXX for year, prior on guidance to million updated guidance are an of range per $XXX income, million from based share to full to diluted by of which our the $X.XX outstanding. to the million earnings $X.XX million, to XX range shares equates million we
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quarter, of non-GAAP into revenue income to QX For catches be on fully QX. as the terms now outstanding diluted spending will that shares XX or expected net originally we expect $XX were to up million in million share, based incurred expenses in to of million per and fourth $X.XX $XX fall earnings some $X.XX to
our QX in our call implied reflects still increase range compared to this when July. from that guidance an note You'll
Our associated approximately depreciation $XX million. $XX project our million QX guidance with includes million, capital expenditures headquarters and including of of $XX
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revenue overall modestly past. than likely the like rates, that Given year, to we provide growth few as expect balance for in for we overall this also will lower full U-shaped recovery revenue have year. would the in growth the for other growth reminders I'd this a context next be modeling shared
approximately in First, be X%, days our revenue a scale. size first the that daily More sequentially XX bit to roughly $X has fourth to specifically, equates subscription recognize remember employ only of revenue revenues to from tends revenue quarter to that recognition from growth QX the business the given that current respect of compared we from to to million a and existing decline releasing which with sequential subscription QX, at lower revenue a deferred given quarter, revenue methodology accounts. as XX in result is our
the travel fourth side, and over recovery see $X final current point, costs keep bonus terms realized quarter, marketing spending taxes, company's for quarter in cost driven investments increases the takes in our the the sales majority to investments also note the timing sales well that course compared work-from-home associated seasonal kick-off, to of the the annual on crisis the savings the in million expect that as step-up payment in have persisted Second, $X a of the million normalcy includes environment from we for always program. of spending to hold, a a payroll next of marketing has XXXX. mind And during initial by that the year from first as and with as as return we the of will that year, that as quarterly the we in
despite we similar cash in Finally, bottom will to first on XX% years quarter continue flow, challenging the enterprises with that compliance top to the to delivering we remain our the XX% years, capability second in the half and growth conclusion, well, drive delivered built to in with half. execute to third threats. the proven majority ahead, we of in expect results we roughly of free well believe flow the year in past regards the advanced In positioned and environment, today's and cash the security defend line to strong to disciplined contributed operating against be XXXX
the in flow COVID-XX coming the weather with cash our generation, customers strong and While billion, cash the healthy $X line free quarters have a our people-centric drive headwinds, competitive balance margins absorbed crisis broad we favorable product a XX% in flow recurring we've of our and top environment ability in temporarily to free here impacted growth secular set. our from well-positioned the drivers, over to industries, annually, revenues targeted of hard-hit over XX% excess remain mid-XXs cash short-term,
the expect I'd to our to ahead period turn will this uncertain review of we and, a or in upcoming XX from our than customers goal crisis strong normal We our targeted our with to opportunity shareholders a operating schedule the protect like taking returning as investments paradigm, we more the sell-side. Rule discipline, emerge return for the of stronger ever and it to before our operating over further, targeting Jason? continue from to questions better Jason us and our years now these help to with IR drive environment. of XX to score to resolves returns and
