and Thanks afternoon everyone. good Aneel
we revenue business see focus our of quarter by growth technology $XXX our reflecting to year-over-year in discussed In delivered continue total on differentiated success. momentum Aneel XX%. second million we of As customer the driven unique and
Our QX was million XX% subscription revenue $XXX up year-over-year.
for by of customer customer record contract Our growth high of as levels our high clear a subscription new percent outperformance well revenue driven achievement the satisfaction. original of consistently net as a renewals as was value, a benefit
the Subscription annual beginning QX prior XX% years. was Professional growth backlog our grew XX% balance U.S. of decline well was were revenue margins XX% revenue. $XXX million. quarter into revenue the of Non-GAAP was record backlog will $X.X Professional associated down the quarters, be primarily our over to impact million decline employee Services total of to in next Consistent XX% for with Our to billion which cycle seasonal This to two up recognized of margins. of as as $XXX subscription Total a result of the with a primarily revenue Partner a the XX% slightly gross our at year-over-year. as Annual two Services due went revenue Global costs representing thirds second over normal Conference approximately QX. outside effect the the compensation
Our related quarter was margin non-GAAP million second previous of the was million XX.X%. the not to in acquisition of Insights which operating of profit includes an Adaptive for $XX contemplated expenses guidance. operating our impact $X This the
opportunity products majority of Cash to in they performance enable any topline expect in Our than their was million products stronger $XX should our and the business. incremental that investment we deliver the remains the quarter. in lowest our cash philosophy addressing we growth long-term our year. and by our early transform operations over with phases growth on best to remain the to of customers We seasonally beginning collections way in do expected from you focused continue led curves this still flow QX will reinvest ensuring flow
trailing Our up operating $XXX XX% million, XX-month cash year-over-year. flow was
Note to our XX-month also XX% that owned in million $XXX was $XXX cash up we've related real cash XX-month year-over-year. excluded estate calculating our flow projects. free trailing Our free flow million
with billion. XX% revenue our to to revenue Noncurrent of The end just unearned was year-over-year. unearned billion balance of in $X.X was line QX $X.X down current year-over-year unearned sheet, the XX% Moving revenue total at grew growth. year-over-year expectations XX% the under
July. QX of During settlement in cash. convertible of the was completed The due in the we face $XXX became notes million with value the settled senior notes that
a per no exercise our our related of approximately of shares and We the million also count. issued by note share terms the the were conversion had completely provisions. on issued the settlement result offset X.X The hedge net shares as impact
top be to in in and people Our investment talent Workday. biggest attracting our continues to
XXX quarter workforce During total and XXXX. employees to the QX the we net successfully over end over new of integrated added our at bringing
a the the great difficult to execute of and continue We comps. despite operationally finished very well first year half
our guidance as impact August to which turn X. of incorporates accounting let's costs guidance. integration related as closed adjustments Now Adaptive that of purchase the ongoing well Please note and the Insights operations acquisition net to on transaction the
several in the our rates of FX current given revenue Additionally, dollars guidance a second million includes headwind half. subscription
of billion billion of full-year revenue we're $XX includes contribution in of $X.XXX estimated or the subscription range an For million guidance This $X.XXX to from XX%. growth estimate raising our Insights. be Adaptive to
million revenue We to Adaptive of inclusive from million QX subscription million $XXX to to XX% Insights. our $XX XX% or $XXX be growth expect
which be Professional from million in Services approximately is XXXX We $X expect Adaptive fiscal revenue million of approximately Insights. to $XXX
margin revenue full basis approximately This solely for $XXX to reduction from to full-year integration expect of X% approximately points for services QX percentage one-time points from for non-GAAP coming to XXX the The For related transaction Adaptive expect is costs full operations. QX percentage Insights by we in lower expected margin operating guidance million the XX approximately from with be ongoing is than million previous margin acquisition. non-GAAP Adaptive headwind with coming point the the X% our remaining We QX Approximately comes margin operating now of GAAP our and Insights. $XX year. the $X XX and year. million this and be from
growth Our the to in growth organic the short-term Adaptive previous XX% QX. quarters short-term the third Insights up be Adding unearned this now revenue unchanged. and unearned year low expectations expect in fourth in in is revenue we of for QX however XX% and could
And million $XXX the development full We the Insights approximately still be to for acquisition. great additional approximately results the finally, hard our the partners, for be $XXX and other and close flow cash half for for year FY to operating work, the an Adaptive I'll us to which project expect deliver by 'XX million amazing their We allowed expect all customers, CapEx. continued and $XXX impact of our year. support from reflecting spend employees capital for first center thanking million
welcome incredible opportunity. to excited to as seeing thrilled what more second to Rising half market our share we We process. strategic Workday the product in Insights forward October begin also the now in about on are together Q&A and Workday of and you let's accomplish are and many we team long-term beyond. initiatives Operator, the insights Adaptive look will We
