and everyone. Andres, Thank afternoon, you, good
first Our in positive the growth team to that first and couple position from to delivered a improve should profitability quarter quarter, signs for strong also I'd us a of forward. putting like us the outlook going help our a year. highlight
quarter in land in is expanded to support CPQ and to First, capabilities one and a dealer Vector our in to great echo who success their to motion. QX their we Andres, A new just sales expand sales see their channel. continue customer direct network addition Security, later example
business. Second, indicator a the IATA that in levels economic will passenger airline travel leading recover global of passenger strong. recovery projections sometime our demand XXXX. is XXXX good remain projecting uncertainty, volumes Despite is continued to of industry for
million pleased to QX, recover we a million we recover signs who industry. previously year offered the declared is $X did of not in PROS approximately pandemic. travel In carrier immediate, the continue carriers This strong seeing bankruptcy. were a While puts $X for benefit million us the from $X position carriers or the bankruptcy during either positive in to concessions who declared to are that from to a from total
guidance Now, for XX% first up our in the ranges. revenue and year-over-year, $XX.X the quarter million, results. first was $XX approximately year-over-year, Subscription exceeding quarter both million, revenue up XX% total was
of Our first XX% recurring revenue total revenue. was quarter
up Non-GAAP subscription gross gross and for were the ago. year subscription the points And which approximately XX% both our from basis a quarter, combines XX% maintenance quarter, XX% year. was recurring last for XXX over non-GAAP margins, margins, improving margins
approximately X% for XXXX, expect to migration our revenue completed largely are the as of gross have revenue. of we QX, this counts the of overall cloud, revenue. quarter, we By to last than of the component, our our now margins, of end maintenance is customers discussed we costs margins. in for X% to total account As minimal the and impact maintenance total causing support declining less decline size fixed maintenance given certain on but revenue remaining the There maintenance there recurring
on focus reporting will margins we reason, this forward. gross For subscription going
decline the increase As to payroll in services taxes. travel expected, experienced in margin due a in we and QX seasonal
the year. that positive to services for continue a project margin We is slightly
continues above Our XX%. the trailing to quarter XX-month gross in revenue retention rate first be
was quarter million, beating reflecting Our and on adjusted improvements. our the loss first XX% guidance year-over-year, $X.X focus improvement efficiency driving EBITDA in a continued
over the $X.X million, our expectations improvement XX% slightly flow better last quarter and Free burn in a year. cash than was was first which
cash business cash second As the first half a generation our to a burn it of is the reminder, in for the year. typical in year half see and of the
some with a burn to conference. first and timing million We expenses expect QX, mainly as investments. $XXX.X the of free exited Outperform due the quarter in our cash such of We flow cash larger
was $X.XX Our share. per loss share per non-GAAP
renewal the second billings in The year-over-year quarters with pleased the timing were the much anomalies to calculated bookings, we and for to with migrations the year-over-year anomalies improve of declined but billings was some growth new increased SaaS We in expect coming to calculated be historical trailing to will billings anniversary and calculated customer from the dates when our months. occur X% maintenance related it significantly. These in X% renewals differ where timing due offset quarter XX anticipated quarterly our decline dates. quarter first
guidance. to turning Now,
$XX subscription XX% quarter of revenue be the midpoint. representing $XX.X in range year-over-year second growth the to at to expect million We million,
total expect $XX.X of range in the million. to $XX.X revenue We million be second quarter to
loss $X.X to expect We expense Outperform. EBITDA reiterate, is marketing highest to the as quarter quarter $X.X our quarter such million to for adjusted events be second between And second million.
quarter per share $X.XX shares estimated and an between outstanding. we of an XX.X tax $X.XX XX%, non-GAAP non-GAAP based anticipate Using loss million second rate share on of per estimated
our to full be guidance. raising revenue Because range of of our subscription to expect are be and now the of revenue first profitability the year in revenue $XXX to range to and $XXX start strong million $XXX.X in million, the in million. million we quarter, We total $XXX.X
We year $X.X and flow million. between EBITDA expect full of of range $X.X $X.X million million, million and adjusted in the free cash $X.X and profit
our full We are range also raising subscription guidance year. the ARR for
between We are range a anticipating million. million of $XXX $XXX now and
In PROS. closing, of support and our to team continued customers like global thank would our I for their
We including of our you with place our support and PROS, within will our events, Analyst your upcoming Outperformed take look which also on Day to you at May we XXrd, forward thank for conference. speaking
I Operator? back over to the operator for the questions. will turn call now
