operating grown here RingCentral's of XX representing CAGR excited first my to XXXX From I'm company. CFO. we from impressed free flow a the to cash be $XX Kira. prospects of very In you, with days, and to tripled as financial have our on profile earnings strong XXXX, my call XX%. Thank and million, I'm million the first $XXX profit
up During XXXX buybacks reduced count driving XXX this plus million to time, we have basic over to stock-based via share compensation levels. investors returned
us XX strong metrics attached. X% and Large million, $XXX share. key up from to we up X% was range. record QX, multiproduct deals revenue to of guidance our signing ARR to free increased TCV a is constant above our currency results guidance delivered all billion, allowing larger year-over-year, purchasing cash Total on strong testament to was our above flows. This over a or year-over-year, range customers X% approximately with Moving now us more with strong basis. strategy, deal with activity a gain RingCX products us, with $Xmillion-plus wallet $X.X
of X% small is our X the also last driving its ARR are currency with X% on traction products which acceleration good constant or quarters. early new basis, business Our showing growth customers over an a
XXX margin second of in especially resulted by margin going be was and and GAAP for noted. almost metric XXX will quarter. basis us to disciplined activity. longer in Overall This This, spending, of I further not a Subscription do result profitability. indicator disciplined non-GAAP along our also in performance stock-based forward above incremental otherwise ARPU which we share note, the we results as $XX. expect unless driven by intend it approximately percent improvements. sales guidance. where transition margin XX%. to compensation no consecutive a to to Notably, basis above meaningful improvements into marketing gross our operating expanded year-over-year points remained we referring to Please profitability revenue XX.X%, moving Now of grant this as drive a new achieving portfolio. was multiproduct reduced a as operating as points with is we Operating year-over-year was
balance Moving cash flows to our and sheet.
operating increased and Our in last million, XX% of driving with $XXX combined efficiencies year. versus up working strong rigor flow improvements, free in quarterly performance, record cash resulted capital
approximately repurchased also million for million. we shares X.X quarter, the During $XX
full strong of delivered our diluted turning reduced growth, first turned revenue history. in year Now and another count the positive GAAP the operating year. time to share We our for income fully
drove meaningful in continuing we year, to full grow. the profitability For while improvement
billion, flow, basis by we year-over-year. generated $XXX Our XXXX operating XX%, points million free of margin X% revenue cash to to XX% over increased improved and up $X.X XXX
XXXX. compensation. a reduction drove down to SBC in in total XX%, also a as of percent stock-based material XX% declined we revenue addition, from In
diluted to our in count. we million basic resulting X.X during Moving and shares approximately sheet, balance $XXX our share year reduction for repurchased million, the of the
Board incremental authorization Our available $XXX to share an $XXX approved million million. approximately our repurchases. in brings total recently This
and XX% to net grew reducing leverage X.X. ratio also debt X.X EBITDA million We our $XXX to
is our few latest let providing the framework Consistent UCaaS expect UCaaS. on Synergy guidance, the based our Before maintain me Research's business you. with approximately of XX% Approximately share last with report. we leading share to market of our years, XX% is research to to XXXX. our is seeing than strong of revenues to UCaaS in RingCX expected we in revenue in more X% by IDC, are XXXX. CCaaS, which to double According With about market adoption expected grow respect new product,
is net top due line pricing the a in term, full a and ownership. unit higher-margin on our aggressive its product the near basis it to While impacts accretive economic technology
RingCX a to also easier necessitating simpler services. product deploy, thus is professional and less
our are the of is Additionally, take Both we seeing less hardware line phone margin adoption us. because not app items affect low they are for top but businesses sales continuing bottom as these share. line, to the
balance to debt allocation, $X to Regarding by the delevering billion and capital end remain committed sheet we our gross XXXX. of the reducing
X% year-over-year approximately expect X% XXX currency to this, of a to or approximately subscription representing With constant Operating the year-over-year of year, on to for we approximately revenue XX.X%, constant or currency X% basis margins revenue points. expansion grow full basis. X% grow to approximately a to to basis. X% X% X% Total X% on
growth $XXX at Stock-based $X.XX, XX% of forward. year. XX% SBC result compensation of EPS value million, to million $XXX representing expected representing XX% from grants the of last total net to decline XX% of are approximately The to going further declines $X.XX revenue, about stock Non-GAAP year-over-year, new midpoint. which in will approximately down
share Our midpoint XX.X count cash XXXX. million. is of a up at of XX.X $XXX million non-GAAP versus estimate million, based XX% $XXX flow fully Free to EPS on to diluted million the
Non-GAAP representing growth X% million, margins basis. million, to range XX% million $XXX of of to on to has which revenue revenue currency on Total X% EPS X% quarter, X% reported million X% year-over-year $XXX diluted representing basis. expect fewer XX.X%. on of we X% QX, based to million. growth of $X.XX to $XX.X to a constant fully first $XX year-over-year $X.XX Operating constant than days shares to the or and of to of currency a $XXX $XXX X of For million subscription
combined us and have our We in generate million incremental $XXX financial $X free allocation our strong A $XXX term $XXX loan provides plan million flow XXXX with many Our profile options. over we with million of billion available in on capacity cash capital to capital. on of revolver,
convertible flow the which our liquidity, XXXX internally on entirety can remaining sources timely our external cash notes, contractually the believe next Given XXXX we as available notes basis also expect extinguish generated of the and pay we projected required. in and to a address convertible with off weeks few we our is to capacity of have cash
a voice and President new X our will invest new and market sequentially. cash Four, conclude proven summary, expect we reduce Three, COO key in is products strong free mission-critical billion leader allow One, growing leading innovation. of takeaways. holding into we growing and debt, committed to Two, to AI-first heavily business with our segment me TAM. In generate double share all our let $X.X overall are of communications. to which shares digits repurchase a innovation flow, us continue
let's open that, to up With questions. the call
