Andres. you, Thank
quarters outlook now start very improve are for in X to to growth year. and have we now our strong pleased position to consecutive delivered XXXX, are We the
few seeing contributing to But I highlighting things our our will start a that by business are growth. in are we
guidance value transformation bring plans. Smart their as contributions First, we continuing of solutions of and solutions customers digital from commerce recognize combination strong and selling BXB CPQ we’re the more to our all the to products, are experiencing they see adopt our these
Second, new business, customer continuing are target expand resonating long-term solutions customers which drive XX/XX fuel with activity are our market. is expansion in the And to consistent is we existing quickly. us Strong helping next-generation versus to our split the our growth. mix a roughly existing finally, in
revenue migration and and embrace seeing which helping logos, us guidance our solutions to expansions We’re us enable management next-generation customer our will is companies win deliver new on drive targets.
and results. second growth $XXX total we’ve was rate increase I’ll This run Now with a main revenue total and in financials, to seen quarter cover year-over-year million. XX% move company revenue. as of a revenue XX% on increased starting to revenue largest our driver our the quarterly over total our the is Subscription represents Cloud
due anticipated, we but strong growing up slightly in still strong above revenue services As was the expectations, year-over-year, quarter primarily our XX% execution. delivery to second ended
growth We with mid-XX%s, of to be revenue revenue our to subscription the which services to the for growth strong the rest to for the year, remainder aligns expect year. of continue the normalize rate but
in on Lastly slight license second revenues, we did renewal. a in largely license a from revenue driven term increase see quarter, one-time the
recurring Based the the of in on percentage our strength particular license revenue services second XX%. was and quarter,
was The in XX% our future calculated XX% to percent of of as for deferred $XXX XX% providing recurring potential. to trailing-XX-month revenue revenue portion us million, full billings growth our return roughly to revenue and recurring revenue up year-over-year, expect added increased a confidence year-over-year, the our year. total We with
Cloud in quarter, over one-time our non-GAAP more basis XXX slightly year. provider. metrics, profitability subscription last the gross exceeded our our were subscription to margins on up moving due benefit Note gross from than our expense own a Now that expectations XX% margins points to
progress margins gross normalize expect make of further in and to subscription improve We gradually once target QX down our in gross mid-XX%s. margins towards again long-term as the we slightly
As R&D large order continue half increases take market are in we and are opportunity. These of to reflected lines our our mentioned advantage increasing sales, operating our investment marketing of last XXXX. in QX second the quarter, and will starting be to we expense within in in investment
we rate some profitability increasing of Although growth to still our metrics. improvement our expenses, in operating expect are we the
approximately performance For quarters. best in which EBITDA million quarter adjusted year-over-year XX second $X.X and loss our example, million, was our the EBITDA quarterly in was improved $X.X
a burn million which the We flat quarter, year-over-year. of in free cash is roughly reported flow $X.X second
slightly levels our are flow within and in XXXX While set behind year, range. confident above end cash guidance to remain pace we we ability the free our year the last
cash of balance to were $XXX later of million, successfully an completing in convertible million at significant $XX.X XXXX. the us a year. retire our this X% to QX were due due end was that used convertible the offering offering largely Our senior The of portion up net in are million from $XXX this notes due sequentially, proceeds of majority that notes
year-over-year combination the million at quarter range we be Now turning anticipate total primarily to of revenue million, up midpoint. strong $XX.X by services guidance XX% be third subscription a the growth in to The revenue. quarter, $XX and driven of in will for the the third to
to range year. the We of quarter be $XX.X million over expect in last revenue $XX the up at same million, XX% the midpoint subscription to
quarter is shares last million XX% non-GAAP million period an Our loss we XX.X estimated which a and the of year. share $X.X the third over in $X.X loss per estimated quarter, is $X.XX, EBITDA a anticipate outstanding. an third million based guidance range to million, non-GAAP for a $X.X of tax basic $X.XX same adjusted improvement between With on rate
guidance to $XXX $XXX year, a million, to of moving our increase full year-over-year. Now representing to increasing the XX% ARR we are a million range
year full a for rate guidance $XXX by a our would to growth the midpoint. range XX% total increasing revenue be million, million, $XXX are of at which We to million $X year-over-year
our of $XXX.X over XX% guidance million a This range well. increase We subscription million, our at midpoint, at the year-over-year increasing $X.X to as rate revenue a of represent range would to midpoint. $XXX.X the growth are an guidance million previous
$X.X EBITDA million guidance $X.X adjusted our loss reiterating are of million. We to
are of we and flow outlook cash performance for with financial guidance your look we very and $X events. with We forward our Overall, at pleased speaking are of you upcoming for our breakeven PROS to our million. XXXX. second also to our you support Thank quarter reiterating free
over the So with Operator? to me back operator questions. turn the for let that, call
