a to very you, Thank our there several We and that had factors business start the year, outperform. are strong helped us in Andres.
examples; is business first, BXB are to an grow few Here continuing at our accelerated a rate.
our and solutions. Guidance are our CPQ adopting across and more customers combined industries Smart contributions strong seeing are We target
Second; our are expanding existing customers faster.
have helping the right For example, a us one be continue Strong we by fuel quarters. to is activity split customers. growth. from continue we is our nine finally; customer received XX/XX roughly our think And out our in ten drive which versus the to well long-term expansion us revenue new existing to balance who bookings, of purchased solutions customer last next-generation
cloud. to our and ever for improve helping our solutions Over have solutions released before us revenue migration our few our management detail several and the growth pace quarters, to of component faster customers next-generation for than guidance customers customers. XXXX. cover solid This last combination execution solutions momentum new These I’ll on outlook, is we the the remain market of travel is BXB later. value strategy, getting for migration and key The with confidence which in and our a gives to targets more our us move customers our are to inspiring to our new
represented XX% turning main growth added two Now, In recurring revenue $XXX year-over-year. in quarter revenue first our to revenue subscription year-over-year, trailing our for of year-over-year, XX% thirds calculated deferred our revenue recurring the billings history. subscription This portion potential. first month to time the our XX% our year-over-year, quarter, first revenue were and XX% driver of The was providing us with results: growth total and in future our the twelve million, confidence revenue growth increased up our of company was up
quarter, to basis XX% and Now the our we to up moving points metrics: margins were grow as last customer XXX cloud than infrastructure. over gross more continue cloud subscription base on non-GAAP our year, in Our the scale profitability
increased to hiring by variable expenses driven year-over-year, operating comp. primarily expenses, and Our related sales increases in XX%
incurred for the digits in but G&A quarter, fees that first in low professional year. of the one-time expect also the the single expenses in rest some number We to grow
significant was start flows. on at accounting marketing Our outperformance. and the quarter quarter investment our outlook was XXXX Adjusted our the of services lease and we guidance of be of impact new strong driven million up $X.X higher same a year. the to million to team, adoption full our for our execution XXX, primarily subscription was to free start sequential $X.X XX% quarter, portion in higher standard and the our no We million strong quarter, and occur by our year will on a EBITDA improvement balance a ASC strong of this year, improved with standard accelerate in cash resulting loss see total first The Based the new midpoint of as in-line $X.X approximately or EBITDA burn $XX quarter had our as a services driven the the a the with million which the results, we on year right to capitalize adopted of is XXXX, revenue XX% for $XX of which by payouts cash in to by year-over-year adjusted a reported as expectations second combination The in revenue. for are bookings primarily asset million approximately $XX expect well to sales flow use with full $X.X our in million improving quarter. be of operating which we a line I’ll second improvement. our over year-over-year, We sheet. momentum. incentive growth anticipate range million, as professional last and second guidance lease the revenue the the the our the adds from beginning and burn liability we At
We in same $XX.X of expect be million, over the to quarter to up year. range $XX the the at midpoint subscription XX% last revenue
We some also second I driving a the a first, growth revenue higher will in much This revenue implementation quarter is additional associated this color. two primarily we in are quarter the sources; come from subscription services year provide revenue. first expect implementation of what bookings so will the from rate quarter, in similar quarter. The a strength in with typically our projects experience in strong growth in increases services significant from second rate
a as completed, additional anticipated drive services These will of implementations completed revenue and in the in we upper have several revenue. expect in recurring completions strength, Second, or revenue of the the weeks. will XXs be been we subscription second percent have this longer-term recently that Because total be to upcoming quarter.
XX% Our XX.X an guidance $X outstanding. is second to basic With loss $X on tax loss of per second the non-GAAP between range quarter estimated estimated $X.XX $X.XX an quarter, based non-GAAP anticipate EBITDA a we share and per rate adjusted in a for of share shares million million. million
$XXX moving million would to would guidance $XXX the subscription growth million, our revenue full increasing XX% revenue of of to More midpoint. at midpoint. comes range are the growth half $XXX $X.X the of at year, which previous for represent range increase year-over-year XX% a million one we this Now to million, is our at our This than guidance over which a rate total $XXX by full an to a the be raising rate to million improvement year-over-year a range midpoint. year $X of from million,
to for the expect to in mid-XXs revenue grow the full continue We year. services
to year. revenue revenue of total percentage the We for full our also or recurring be expect better to XX%
As the as $X.X Accordingly, improvement $XX marketing EBITDA a sales loss development. improving year-over-year adjusted also revenue result in a which research would well we a a to to EBITDA of million anticipate range outlook, at because anticipate we making midpoint. and are by our million improvement be $X million outlook of the $X.X million, as in adjusted additional improved investments we moderate and
free very cash XXXX. flow financial growth our with pleased We in our and our ARR are guidance XXXX. quarter for reiterating are performance outlook Overall, we and for first
PROS, Outperform learn us to conference, the ahead. about May a from opportunities upcoming As at We look user XX May invite with to speaking that you Outperform for and and and Las we your to will reminder, annual you Vegas thank of we be our our more forward you visit we hosting business lie XX, to and our events. support in
the So with turn Operator. that, back for call questions. me over let the to operator