from results. Subscription million revenue quarter up another year. $XXX to was QX million last Peter. strong was Thanks $XXX of XX%
the Commercial well For Vault Cloud. full-year, revenue remain XX% track growth for for and subscription over XX% for growth revenue on we subscription
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in revenue drop meet to for sequential for margins range to the continue services our XX% expected service demand the expect hiring I to be QX. next plan in gross and mid year, Given
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margin. we at Our X,XXX net the added one-year million, in ago. $XX XXX the operating income operating up nearly Across a finishing people XX% X,XXX, from was corner, almost Company,
expected for QX, into a year. headcount to had almost for the results bottom QX our the the we million quarter, quarter $XX line which pushed last million, fantastic Net $XX income in was While some hiring quarter. benefited compared of
a flat we annual of As reevaluate adjusting non-GAAP it basis. which XX%, will not we on adopted rate a quarterly, reminder, tax we are an have but
on of variable was guidance to the in was of Turning of not do a ahead $XXX metric closed billings related of $XXX and outperformance This second Please line. the which of that we was $XXX to to revenue duration million of there at resulted and This the balance million Therefore, highly manage expected not good to million. the quarter. to comparisons business numerous basis. billings revenue factors is our end $XXX that a we it million compared in indicator it year-over-year calculated QX better for remember internally. are momentum make the of underlying than sheet. primarily Deferred on believe this service $XXX million, quarterly do the our business
guidance full-year momentum. fiscal on by subscription benefited in million for Our $XXX from or in billings $XXX at XX% that up operations over million $XX and increase quarter. in balance $XXX are $XXX of full QX from calculated from with our another short-term QX, driven and we billings implies was range This of the healthy revenue QX. Elsewhere of of exited billings the million, billings indicators With calculated the fiscal performance the calculated collections XXXX. investments, expect mind than the about sheet, cash we This year cash which best to end million $XXX in and expected strong guidance for million. to million from better million growth $XXX of
tax benefits that ASU As we with discussed are which adopting the stock-based of accounting changes our first on the previous compensation. treatment associated XXXX-XX, calls, this year is
flow cash million. by $X operating benefited this QX, almost For
for Excluding tax expect breakeven. the benefit, would in have the that operating be flow flow $XX And cash excess operating quarter we QX roughly been benefit, almost excluding our to cash million.
QX As typically because lowest our cash flow a reminder, quarter of seasonal of is renewals. patterns the
Let XXXX. me quarter sharing for and fourth the by outlook wrap of an view our early fiscal up
million to income a revenue $X.XX million to net $XXX we fully to which operating between $XXX full-year, million and for $XX approximately for and income of to based $XXX $XXX.X of million, quarter, fourth the full-year. $XXX share expect per million. count non-GAAP million million, For the million of to share leads $XXX to diluted $XX $XXX which the leads $X.XX on million Non-GAAP
now we per fully on approximately income of $XXX.X a share million. of net full-year, For share count non-GAAP based expect $X.XX the diluted
margin As nature. quarter please should our QX of in implied income guidance, operating the level our a guidance consider for you is by non-GAAP be our recall seasonal that expenses, thought highest certain so
year. now Let turn to me next
roughly process detailed At XXXX. revenue in to While million fiscal our completed we planning and commentary call. Day on Consistent with at expect and XXXX. Analysts our our comfortable in initial of October, this XX% $XXX provide guidance we point, providing grow in have an total are will fiscal yet we QX least not revenue guide our from we for subscription Investor
also services a highlight non-GAAP revenue commitment XXX. mid-to-high spending to new well reflects This next portfolio drive as roughly in For standard for our our single-digit bottom range. in also I From early the would XX%. line in known invest next guidance year, operating fiscal this a plans early products we continued impact fiscal teams the to current growth that and expect go-to-market longer-term of accounting growth. result our as our year XXXX perspective, to as anticipated want efforts includes the from margin commonly
a the worst dollars. As uncertain, strong expenses, of still it small it time. targeting minimal call are With multibillion I for likely the relates thank directional to build will will a today. we impact over you being impact next turn operator for operating on scenario growth questions. the and longer-term seeds the now growth summary, while is to business for plant with we revenue dollar be that, continue the case to million order few year in us to joining be and will to a for it will headwind In over
