for while allocation operating and expanding executing capital by grew and to continued disciplined Thanks, line year-over-year. Aaron. Revenue in deliver Good QX, our you growth and In joining XX% us. landed our margin profitable we with everyone, strategy. thank afternoon, guidance, EPS
growth. Content announced innovation also our believe which We future AI around Box including of important Box numerous enhancements be revenue Hubs, and significant drivers platform, to we will Cloud Box
increase XX% $XXX year-over-year than of year-over-year we currency have a on constant million, representing X,XXX now customers In and over annually, total year-over-year. more QX, We paying an revenue up of generated $XXX,XXX basis. growth us X% X%
of last in large Suites Our rate from year. was attach QX up XX% of QX deals XX% in
XX% for from last Suites up year quarter. account Aaron up significantly customers and As a XX% XX% from mentioned, now of revenue, our ago revenue of
growth Our a with increase simplification X% X% as or or Suites within transformation, enable ended value that continue solutions of on customers QX performance and prioritize a proposition of currency is they remaining resonating with billion, basis. the content enterprises. $X.X We constant RPO, to obligations, year-over-year security their
next We expect RPO recognize to months. of our roughly the over XX% XX
from were $XXX of X% impact year-over-year FX. with billings million QX down no
basis guidance point had XXX from previous anticipated tailwind a Our FX.
billings reminder, prepayment. was year unusually last including large QX a multiyear of in a strong our As at growth XX%, rate customer
of rate see seat XXX% existing growth retention net end to customers. within continue we the QX on Our at pressure was as
customers full also that budgets. rate churn and to remain year-over-year churn remains retention the QX, at net rate flat both we with stable on the our Our IT full pricing value annualized Platform continued continue In achieve pressures increases strong as our to X% despite expect roughly rate the prioritize QX Box provides.
We've and results. our to
As that churn improvements, we normalized of our seat net and a best-in-class suite over growth higher continue to time. innovative pricing enable products returns rate as and we're levels will retention full confident expanding rate our more driving
our achieved goal We are of in the end our proud QX. of as public to the running infrastructure have of cloud
plans using, center which have We longer had this we selling our anticipated data been the for year. in equipment that begun now are no
months. for market However, significantly this the few past over the equipment has softened
just in no results roughly material QX, impact a estimate million the margin we Throughout next of fiscal XX.X% XX.X% As came in delivered our gross this QX impact of from the by above migration, created initial and to headwind XXX proceeds beyond impacted our versus to efficiencies our expense against financial ago. anticipated with QX headwind This year.
QX we our course sales. at in year was margin of and I equipment points million reducing a expected negatively basis $X result, expectations. another gross proceeds expect these that due are $X.X a has team forecast our mentioned.
and to running the We unlock wind benefits expenses our in gross data continue center expansion year, we margin down from public cloud. additional next fully further expect as as
This the cost ago from to continued resulted QX expectations margin margin due operating below also operating constant strategy the and XX.X% currency, XX.X% improvement lower slightly in business delivered cost headwind the XX.X% leverage the noted we to an drive period. in across discipline. in equipment basis through We location I landed our or entirely proceeds XX.X% year that earlier. our rigorous of point XXX
result, also was anticipated a equipment from when to QX, the EPS $X.XX, than As This impact last for a we EPS guidance. of a diluted our would headwind. was quarter, up $X.XX we these FX. from headwinds, $X.XX unanticipated of delivered provided by of $X.XX Adjusting impacted which end above guidance in EPS non-GAAP the negative and ago, XX% due been proceeds high $X.XX FX includes $X.XX higher headwind year have
were lease include $XX increase highlight we that QX, We in our and cash marked $XX In of of our cash the a cash QX flow X% balance the million flow from in from free flow in Capital $XX GAAP Finally, from our million, $X down period. turn cash million I'd million payments, operations year. increase ago in delivered flow of year which $XX profitability.
I'll $XX we million, year calculation, last fifth QX a to of million, free generated period. ago X% consecutive from now quarter achieving sheet.
to as over capital Going quarters managed few lease our wind centers. next we expect exit forward, down we payments data the
with million In X.X restricted We turn to now $XXX shares our capital cash investments. million strategy. million. short-term $XX quarter allocation in cash repurchased QX, we approximately ended cash, and the equivalents, Let's for
to October to capacity would plan.
With XX, remaining QX XXXX, share for turn approximately of we I and guidance repurchase buyback had current our million As that, our fiscal XXXX. like $XX of under
of generated The exchange revenue a revenue the is with of U.S. from headwinds, coming rates. of assuming includes of Japan. following international our FX reminder, As guidance XX% X/X current roughly our approximately outside impact expected the
guidance versus Our to prior services that the also seat as expectations. revenue anticipate the pressure on for as due well lower our continued professional growth macroeconomic accounts we environment
'XX of As expenses I roughly $X little total impact more proceeds we the equipment a an stated $X million of QX headwinds have impact to than earlier, for our on million. expect a FY
results quarter, a office the in to in modified that amount net City onetime operating point margin. recognize representing QX of we expense QX, will lease in XX we're headwind Additionally, to that fourth reduce Redwood footage This basis we square our the exit a leasing.
fiscal $XXX For range to the we revenue the year-over-year high or the million, anticipate of fourth currency. end in X% of XXXX, quarter at million growth range of in X% representing $XXX constant this
rate QX our mid-single-digit an to includes XXX range. FX from growth be billings in We of expected headwind the points. to This basis expect low approximately
to be includes which expect We margin roughly the our QX XXX basis XX%, gross of headwind points. equipment proceeds
FX. We to which QX to note last It's points approximately be an incorporate that XXX that margin our quarter. items to not as included impact includes operating non-GAAP expectations were of expectations QX due approximately expect important expected XX.X%, margin also discrete in of X our our negative basis operating
operating the proceeds First, equivalent creates XXX impact on margin point headwind gross an margin. basis equipment on
an margin points. operating lease basis above represents the discussed of XX headwind Second, modification
QX to in GAAP of range the to average $X.XX our of to EPS EPS to are to the be expect approximately We $X.XX. non-GAAP range XXX $X.XX in $X.XX shares million. diluted be Weighted expected be and
includes more from headwind year-over-year expected approximately approximately of guidance lease than $X.XX. an equipment EPS proceeds the non-GAAP and $X.XX and headwind GAAP QX $X.XX, of of Our little FX the modification headwind a
$X.XXX to 'XX constant a year growth fiscal representing January the on the XXXX, in or of now For expect X% $X.XXX currency basis. full range we year-over-year billion, X% ending XX, FY billion revenue
equipment an roughly second billings X% This our from to the basis X% roughly of proceeds We be expect constant XX%. mentioned now margin We on basis FY points. be currency 'XX previously expect basis. to as-reported half a 'XX roughly our XX on includes FY headwind growth or rate gross
basis FY improvement margin guidance We be a approximately non-GAAP point results year's are of operating XXX to representing last our XX.X%, XX.X%. from revising 'XX
impact to of margin have expect negative on basis We operating points. FX a approximately XXX
previously mentioned proceeds had points. expectations revised and equipment basis which also include a combined impact of modification lease Our expenses, XX the
of at of non-GAAP the to $X.XX in end the We range prior are 'XX expectations a $X.XX EPS $X.XX, updating this high to be FY representing in versus increase our year. XX% range the
We to expect FY in of diluted are XXX GAAP 'XX average EPS expected the to range be $X.XX Weighted million. $X.XX. be to shares approximately
EPS full Our guidance FY the additional X I from approximately and negative 'XX that nonrecurring GAAP year includes an mentioned approximately non-GAAP and $X.XX expected $X.XX of impact from FX an of previously. items impact
through to be to a continue environment, provide we fiscal outlook As for XXXX. high-level navigate think macroeconomic this preliminary would dynamic we it helpful
XXX includes currently FY generating seeing environment a points an XXX of we basis roughly roughly expect less operating little XX%, cloud an headwind improvement which While of expect coming already this from year-over-year, FX us of to currently migration, The initiatives We margin profitability also than of cost includes non-GAAP challenging XXX workforce initiatives leverage strategy outlook basis our persists also prudent invest expected demand in have rates. in basis roughly that to FY discussed growth 'XX discipline. while strong be improving want expected 'XX these We throughout model and public that key This assumes business location impact we been reported enables profile. Aaron stable overall of points. from environment, through the current revenue FX an more assuming to be the our points.
We're a headwind representing growth significant X%. rate FX our This approximately year.
March delivering to against committed long-term Day. we Analyst at that remain the targets We Financial financial our outlined
XX%, XX%, XX% margin the long-term gross challenging deliver to margin of core year, of cash environment, these revenue macroeconomic free least Despite this our at long-term margin to and continue growth target XX% the flow XX%, achieve reiterating to against are plus financial We initiatives we to XX% targets. revenue to of XX%. growth of operating
returning making flow shareholders. and significant consistently enhancements free cash offerings, are expanding and margin, both product innovative to our operating capital to margin We our
to your long-term As will we environment take I shareholder well that, Operator? the capitalize improves, we and happy initiatives and these positioned to significant be Aaron on as are value.
With macroeconomic create questions.
