everyone. good afternoon and Aneel Thanks
a customers. to record driven customers customer fins on of We capped to gross well company. execution high our renewal solid net percent plus rates strong drive HCM by of the quarter strong number fourth and satisfaction continued existing across add added levels Our sales as only new XX not year as a
the increase the Subscription the increased and full markets Fourth QX year and representing full We global billion both mix came $XXX total world of at XX% Professional expect respectively. the longer in XX% year QX year XX% revenue and continue revenue for million the million a X.X term. services XXX rest US significant of million growth for to million outside for and over revenue opportunity of quarter and the our near was revenue representing XXX in revenue. see XX% to XXX will ahead that from over year.
growth at XXX%. year. Backlog billion and billion the net next XX of XX%. of driven end fourth healthy with over quarter Subscription was Subscription recognized by net retention, strong the business again once on revenue backlog year revenue X.XX over renewals X.XX the add within growth was will our XX% growth of bookings new backlog was months that be
quarter the our XXX outperformance. profit non-GAAP over with or for XX.X% revenue by Our of fourth top operating was primarily margin achievement, driven the million line
of year from more in and the our or as For continue XX.X% non-GAAP total profit than to 'XX scale efficiencies up million business. increased we XX% basis to points our drive revenue XXX FY operating XXX
for XX% for more We Operating most this our employees seasonally cash our was our QX to This pleased to flow at and year employee added than we're year X,XXX end in RFP to million net a with bringing count Overall, strong or integrated operating in was quarter. by year, new driven in collections cash XX,XXX. XXX QX, over approximately including companywide bringing combination strong full performance Workday exceptionally operating QX. strong important XXX growth. of Scout margin from successfully XXX and flow execution total acquisition million the expansion a the very
our our year entered margins. plus support aspirations considerable to near turn while momentum long-term continuing towards see operating guidance. percent opportunity progression growth ahead we and with and significant non-GAAP the We me XX% let both Now to
We are over to FY of to X.XXX end. 'XX at our guidance X.XXX billion raising year range of growth subscription a XX% revenue representing billion high year the
to percentage to is As less a Scout 'XX. point FY in growth one add expected our than subscription revenue reminder, overall
between $XXX For the first be quarter, million year-over-year to revenue representing and we XX% million $XXX expect subscription growth.
revenue QX. X% QX, subscription sequentially X% to X.X% in from expect by the under previous We just QX, in and increase approximately in quarter
October, to around portfolio, increased our HCM Plus and we our the our provide investors Analysts we At continue growth expand Day sectors we product provided incremental disclosure As Fins to business. visibility our businesses. into across want with last
into to plan we assumes these plus we'll growth HCM high low revenue 'XX, XX% not full revisit growth We them but As guidance subscription our annually. do our to look teens provide in numbers business. and Fins quarterly updates fiscal current year
services integrator On continue to systems the ecosystem. professional growing value we a and support front,
tight we that our the to seeing customer have implementations support satisfaction practices, are customers their partners them successful continue help and Our of ensure in levels and robust workday highest growth with alignment business will value.
and We're to deployments, from flat for expecting QX professional 'XX.We satisfaction. sustain in FY be expect to and programs $XXX support be services continue customer professional 'XX to $XXX approximately customer million million levels of our as revenue to we invest in to FY margins FY services high 'XX
we teens against moderating current revenue Based total low three to QX outlook, quarters the expect for high first on tough XXs in a very comp. growth backlog in subscription of 'XX FY the the our
year full the for guidance margin operating XX.X%. non-GAAP our raising are We to
from As acquisition. a includes of roughly reminder, the basis RFP margin our points Scout XXX guidance dilution
estimate points decline margins. in QX operating we XX The annual expected sequential approximately XX% to approximately than non-GAAP XX and QX the a for process. margins full seasonal for be lower first our as gap non-GAAP quarter compensation invest people We of margins the and year in are in normal expect the to percentage
non of We billion The 'XX to representing debt FY 'XX tax is expect operating $X.XX growth rate cash flow XX%. XX%. be FY approximately in
which real complex our to of potential our $XXX expect We headquarters we we that are of FY at estate 'XX five growth. continue building the invest real footprint owned Pleasanton in occupying. continued to approximately In our support million a purchase investments, includes currently estate
our capital spend our We including 'XX corporate needs, investments an expect in to facilities, IT additional centers, $XXX and customer infrastructure in FY business to expansion. support other to continued leased million support data
by this continued and to and I'll which customers thanking results hard year. past our work, deliver amazing employees, their allowed partners finally, close And us for support great
a forward our year. of are the possible We our progress updating without in long-term the our progress company, to early executing shared vision throughout but goals. We look still as be wouldn't you stages on against
over operator With that, Q&A. to it turn to I'll begin the
