you, Thank Drew.
with reminder start to like our I'd strategy. results, quarterly our to financial a of turning Before
balancing We of on by in our delivering operating objectives, and XX% to XXXX. to XX% growth profitability cash long-term billion committed free flow of focus to disciplined continue remain and a margins annual generating way. $X thoughtful, including We
I'll objectives each guidance also to which growth updated execution that repurchases. returning talk value as in allocating We through in to will on generate the a the Today, also principles. well focused these our for for share initiatives, flow shareholders that significant these of continue long-term line business free remain portion against organic year, quarter the our believe for of our cash shareholders. to while performance our and form of capital the We both operate acquisitions, with we to as demonstrate
results. for the million, to of revenue range $XXX quarter our $XXX million increased second Total million. to quarter our guidance with $XXX year-over-year begin X.X% Let's beating
for and $X a X.X% constant rates Total headwind. the currency basis, constant for million provided a basis, Foreign year-over-year exchange by grew billion. headwind $XX quarter previous million grew above an to $X.XXX year-over-year. of approximate growth a range our total was $X sequentially currency X.X% growth, On of ARR ARR year-over-year guidance a On X.X%. million
growth our $XXX.XX and which, to FX renewals mobile in and by XX.XX net stronger solid DocSend $X.XX We by as in is retention continue account new a second Professional drive paying primarily team show added well and strength lower quarter. from with plans, to We HelloSign activity. as ARPU revenue also in as exited decreased by ARR cross-sell approximately user with Teams paying and strength six and QX. driven to Average million the compared continued comprised a healthy in profile. users to headwinds users ARR the improving XXX,XXX year-over-year, continued paying plan, growth. our QX, through enhancements reminder, due seats management per was carries Family rate of and therefore, quarter ARPU
stock-based are investments. acquisition-related unless P&L, estate of that Before exclude net we real our our discussion statement of would equity with and gains non-GAAP otherwise further I all indicated, assets impairments on continue to of note figures mentioned like certain intangibles, and compensation, income purchased amortization expenses,
now we as effect of taking income includes the Our are on update part where the progress in of non-GAAP In our provide to our estate Virtual tax First as San well our Seattle. continue aforementioned brief against real de-cost real portfolio the income we strategy, also to model. to second a as net steps goals, adjustments. estate subleases I'll transition executing quarter, make our our Francisco
of we result, have a planned now our Francisco. subleases of outside executed San all As
total expected that, $XXX to be in our an impairment Francisco continue sub an in points gross of nearly impairment cumulative that charges our let's XX% estimate up to basis. in center well million support. data continue million, in San additional our we percentage in X resulted lower driven million. was customer $XXX bringing margin $X infrastructure than our primarily on While with With QX, efficiencies charges the margin to impairment in will ongoing by quarter, onboarding improvement outsourced year-over-year Gross of P&L. The was increase a as as representing for the slower-than-expected leasing
of increased to we compared saw by last attrition expense Second was R&D levels R&D The of in we elevated revenue the initiatives. and to or reprice XX% second headcount primarily growth revenue, other key invest in in increase to the increase was continue which quarter year of an in of XX% as driven quarter $XXX and XXXX. million
expense Sales XX% revenue Second remained $XX of shift marketing a or was from basis, expense increased marketing as quarter to quarter of percentage of compared sales and and the a sequential a to second revenue, million flat marketing QX. by which XXXX. of some on QX driven campaigns
to profit operating second represents million margin flat is the decreased the was the revenue $XX we Second which compared an quarter in which XX%, to compared million second of XXXX. an earned of of revenue, second quarter In which in of expense of G&A X% quarter quarter, XXXX. $XXX X% operating total, or of
of which per second based second operating down margin, in well versus shares average diluted million, from average of from timing hiring was outstanding guidance was for XXXX. Diluted over outstanding, QX T&E EPS as weighted Our efficiencies by million QX the costs is shares gross XX% stronger-than-expected by from shifting points, future $XXX for based on the exceeded quarter decrease locations, weighted margin share quarter lower-than-expected second per quarter a the share income $X.XX quarters. diluted $XXX lower-cost stemming on the Net X spend driven as to $X.XX XXXX. $XXX of million
our our of and new Our income net the tax NOLs now R&D non-GAAP for purposes. income and have through declined that we EPS utilized significantly legislation expense tax year-over-year given tax as year-over-year increased impact fully
compared finance for million quarterly second the data and ended quarter, $XXX in in flow were $XXX investments the billion. and QX we of was cash second million free in our the cash million cash expenditures to center quarter. balance equipment. added We of to to $X.X Capital resulted Cash $X million This cash million operations flow. on leases from In Moving $XX quarter $XXX our short-term quarter. the during XXXX. of flow with
X.X our Let's $XXX approximately million. activity. share turn repurchase shares, to QX, we repurchased spending In million
exhausted billion QX, XXXX and began previous that in executing our year. against $X authorization this QX was approved billion our we from authorization new During $X.X share repurchase of
an second will of and guidance. quarter, the some guidance the end on third our context now the behind full approximately guidance. of remains to for As XXXX to our like billion I $X.X provide provide I'd the quarter share also this under authorization. year current thinking the update
revenue to XXXX, million. of For expect to the third range the quarter of be in $XXX $XXX we million
approximately Thus, on We in year-over-year currency currency constant QX's $XX quarter. of a a we to the are growth headwind with assuming roughly third revenue that million QX. of basis, expect consistent be
We driven in operating initiatives, primarily from margin planned growth expect hiring operating on The non-GAAP approximately to decline by progress expected in QX be XX%. levels the XXXX continued project as is towards spend margin of headwind. sequential non-income tax QX increased our of the expenses reserves strategy T&E FX the as QX from well onetime quarter. an incremental in also release operating and benefited certain
the weighted expect to Finally, outstanding our of XXX on we diluted million trailing XXX share shares based XX-day shares million price. average be to average range in
For previous $X.XXX strengthening significant the $X.XXX by of $X.XXX our million to our since the last billion billion. as-reported range are down guidance revenue to $X.XXX range $XX dollar U.S. of from the revising billion XXXX, guidance full billion to due year to our we update,
prior approximately from currency headwind to to estimate prior to a of on forecast efficiencies. $X.XXX ongoing forecast revising approximately billion be as by of the a currency from $X.XXX range $XX up million $XX We XXXX to $X.XXX prior now However, million. compared we $X gross billion. margin to $X.XXX range due our of We our billion full year million basis, to expect guidance our up constant XX% infrastructure XX.X%, now are billion, up of
guidance a X to our margin guidance estimate headwind approximately to We of guidance to up of XX% from from operating point compared are our approximately also This XX%, FX XX.X%. of raising X.X margin approximately is inclusive operating between point. prior an as prior
holdbacks. cash in million million $XXX flow range to the acquisition-related $XX be guidance We consideration outflows the This the of XXXX installments includes are deal maintaining for in to free cash million. of $XXX our
headwind cash Additionally, is and newly of guidance our from effective $XX of free in tax an R&D inclusive million resulting impact the flow XXXX. estimated legislation
continue XXXX $XX to million. We for million capital to $XX expect in expenditures to range be of the
expect additions continue of lease to revenue be XXXX. finance our to approximately We X% in to volumes
diluted XXX anticipated on XXX of down our our XXXX guidance. be this in shares This to we reduction range of range count an from our the impact outstanding XXX of shares, XXX previous share million reflects Finally, To commitment expect context repurchase million additional to some share in to our share million shares. program. guidance million to
constant $X by raising XXXX, For revenue guidance our revenue, currency range million. for are we up
a a to financial high include the dollars As reminder, sales, sanctions guidance discontinuing the new this mid- our of with Russia, resulting continues in along of to to revenue in in single-digit impact headwind millions year.
reflects and also guidance announced pricing Teams our in to that for this plans we our approach updates June. packaging Additionally,
Standard were Teams plans, As Drew discussed, prices protection. Advanced we bundling our data recently capabilities around These and planned updated new of and raised security by a number XX%.
began began July. customers existing and customers at higher point price in renewing higher-priced in June, starting plans the purchasing starting the New
XXXX. As a flow the customers' our benefit of through the change subset total increase base that The is change. X/X occur in comprises impact see will cycles subject recognition month given flowing XXXX the the we our to of customers And revenue ARR both the with flow user first our of of approximately and pricing the model, monthly price ARR. to will ratable revenue billing as to reminder,
thus signals this are far. change pricing seeing on early We and packaging positive
positive reception are guidance range. in currency Given as customer retention, well our continued year-over-year constant raising improvements this as we revenue
which support, gross high long-term quarters. long-term range to within coming ultimately related level gross to in gross reverting parameters of end in above As achieved while margin, customer target we margin our the to of invest our QX, expect the will the result the we in range continue in guidance margin
our New expenses to ability outside with talent while FX T&E, As we high-cost office tech San our related such to incremental of XXXX Seattle. we traditional as hire operating and margin hubs restrictions pandemic top experiencing are are guidance raising have reopening York Francisco, as continue operating margin, and we to success headwinds, as soften,
As are free flow, cash XXXX related to year full free we our maintaining cash flow guidance.
the the cash maintaining more now flow introduced range a to guidance. that the million than our U.S. significant strengthening the dollar, of are of is of We a beginning headwind $XX as I year free the at which result initial we has that model. of on impact revenue more flow operating hence, our year, absorbed cash margins. immediate will revenue, ratable increased benefits be larger a compared billings and FX know to cash offsetting Thus, a recognition the our as impact given this
Lastly, efficiencies. unpredictable we driving while remain we during that, the an over execute for XXXX. targets macro delivering towards our a discipline position of continued committed well With turn strength margins operate from to environment to customers conclusion, billion to XX% our us $X free operational operator long-term flow focus execute we and to allows and achieving demonstrating operating long-term objectives. on stabilization Q&A. of as now This stability and to continue I'll it annual our our cash to In of against XX% initiatives, of by continue
