finished busy Marcus. you, Thank mentioned, Fiscal it. increase, year QX our $XXX.X ranges get fiscal year-over-year and for components from to transactions revenues license XXXX seen to $XXX.X let’s early number million representing and a of million representing did payments. had We’ve We increase other million, revenue. and lot so not any all guidance on material XX% a respectively. $XXX.X to year-over-year as of right XX% a was with, for at a and record QX, a XX% Marcus revenue and this XXXX call, get benefit Total revenue for
If rate you been would normalize early have for year-over-year in payments impacts fiscal XX%. growth XXXX, of our
customer Additionally, million $XX.X $X.X $XX revenue with perpetual was and to the range was the adding of to ago. representing in – revenue in longstanding XX% Perpetual and year. million $XX.X an QX, year million to increase in $X previously existing revenue and million, an of our a license. $XXX.X discussed longstanding from $X.X than due License million other last DWP came fourth compared and respectively, million higher of full-year top-end perpetual quarter the million,
a As year-over-year discussed years. revenue million, XX% sizable was the subsequent our in for benefits one $XX.X Tier and last $XX.X and X and recurring from year of customers, recognized in year, last recognized from quarter, representing very in the increase. million payment and this Maintenance quarter which respectively, QX QX but was XX% QX
part as revenue fees to maintenance reported subscription activities continue under As ongoing are and and discussed expect revenue to of previously, include sell maintenance other growth subscription as we which more slow line. we contracts, licensing our the
recurring ago. quarter from quarter, consisting license, Our revenue in maintenance a term totaled four up revenue fourth million rolling XX% of subscription $XXX.X the and year
As XXXX our of ongoing our transition year and ASC in to relevant adoption the metric revenue this previously, to business. subscription XXX make mentioned less fiscal
cloud other model. a more million replacing the XX% revenue InsuranceSuite increase elements. increased fiscal for the quarter Day been As year at partial characteristic benefit million, result, large metric to be for of driven will European projects in the a activity, XXXX we two and revenue compared $XX of fiscal completed services this the subscription and at and $XXX including and revenue Analyst our year of representing recognition from year XX% services XXXX Services with and in by impact a sales The ago. year for respectively, was XXXX a full-year deferred Cloud fiscal Services and customer. growth non-recurring work in ISCS has
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profitability. Turning to
non-GAAP to We press provided of discuss we GAAP have issued and a basis comparable release metrics these measures GAAP a reconciliation non-GAAP earnings will our the metrics on and today. in
adjustments. continued and and stock-based revenue $XXX.X XX%, year expenses, of the profit costs to was margin cloud a the investments successful year for and subscription debt took The non-GAAP Non-GAAP Non-GAAP for a one-time is compared ago. a XX% XX% margin compared for charge QX, year was the in and amortization customers, represents gross being by an This $X and fourth ensure primarily supporting of sales, $XXX.X to large services quarter. internal to compensation $XXX.X services the XX%, systems. year the to the million outcome Total effects Price quarter fiscal as large increase the in for in margin with the and that increase year revenue and a due X%, operating ago. revenue in our ago. and issuance million a the which and systems revenue, were year to million Notably, for Non-GAAP differences management related incremental $XX.X due have was R&D, costs Configure quarter which XX% cloud including charge expenses the and from a shift was primary XX% tax increase we several discount million the the driven we costs total the investments to quarter just year was and XXXX at respectively, Quote of margin XX% quarter, decrease in other an increase unanticipated the from customer. ERP, gross note percent to the acquisition referenced. With related a was services gross convertible decrease and license respectively, due associated and new of margin million intangibles, discussed, projects gross from to fiscal both Cyence in of the amortization I the these
non-GAAP in or million, the share. net million $X.XX of per of this non-GAAP income income diluted year, For $XX.X operating resulted and $XXX.X
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with sheet. due the at balance million $XXX.X in $X.X our and the cash quarter. flow the million $X.X $XX.X ended in primarily of cash free the quarter, billion of from cash third and equivalents end up to billion of flow year operating cash, We Turning investments, to fourth
$XXX.X $XXX.X was million and year cash In flow flow the free was addition, operating million. in cash
to full-year, will speak I the to first for want guidance. expectations address turning then I to Now QX. our
XXX we licenses the term modified successfully that pleased than are we targeted. greater of multi-year XXX% We
that now very and to with So annually and in effort, work renew us. This beyond. for tremendous customers’ and our was thankful they to will a willingness XXXX team I’m our internal
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XXX as XXX in year under However, XXX them to our modified contracts forward-looking consider a rendering ASC treatment ratable will incommensurable Therefore, consequence, XXXX, ASC received XXXX only. fiscal fiscal year our financials revenue commentary recognition financials.
million, total to fiscal full-year an to XX% the XXXX. of $XXX.X of in fiscal revenue the we XXXX, anticipate $XXX.X increase to For range be XX% from million
license range of to subscription of expect to million increase other the $XXX revenues million, XX% be We to and revenue, fiscal in XX% including annual $XXX an XXXX. from
license other revenue informed Our two fiscal XXXX is by and outlook factors.
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new to license neutralize these the other each this that going fiscal While two increase in largely factors term forward, of we recognition revenue pattern will revenue XXXX. volatility expect
cloud-based to our transition XX% approximately to we Second, be expect of new sales. sales, to ongoing which XX% subscription
revenue InsuranceSuite recognition treatment. receive We deals, also XX which expect ratable add Cloud to new
XXXX $XX XX% to revenue in XXXX we the in fiscal end that rate will We million year-over-year report million revenue, growth expect and representing over midpoint. subscription the of with $XX subscription at to currently expect fiscal
year, fiscal million be perpetual than revenue $XX.X in decrease license to the million expect $XX We XXXX. a for from less
to fiscal million million. maintenance Our $XX.X outlook for is $XX.X XXXX revenue
to activities sell include previously, continue subscription maintenance subscription slow which expect part to contract, discussed fees. As we more maintenance as as the ongoing growth of we revenue
outlook. Our
the Our at services to $XXX XX% representing million, $XXX revenue a midpoint. is million growth rate
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be fiscal XX% services this XX% expect margin to between year. gross We non-GAAP and
XX% to R&D for Our investment continue and fiscal continue as non-GAAP outlook is $XXX.X on Cloud at to midpoint, representing areas. fiscal for of non-GAAP our income key $XXX.X to million, XXXX operating investments XXXX. a be initiated million operating in operations were that execute the margin we
sensitized In increase. decreased Both sales important investments and addition, as data gross Marcus analytics percentage and subscription of mentioned, subscription capabilities. operating margin we’re are services our new making as and the sold in to as sales
XXX, Finally, to result will in benefit net XXXX, a operating ASC over and commission point. expenses adopting as little a capitalizing to start a of expect percentage we fiscal see X margin of
assuming calculations. We life customer for a five-year these flow. With to are respect cash
$XXX million We in cash between million headquarters, build and new flow to free approximately one-time $XX and XXXX. impacts million associated be be is completed the of with to which our expect $XX expected million fiscal the $XXX before out to
or diluted XXXX. share XX% based non-GAAP to outlook to is $XX.X million diluted million rate In approximately $X.XX fiscal $X.XX net tax non-GAAP addition, shares per income on our for an $XXX.X assumed for $XX.X million, of and
revenue to growth turning we contributing be the $XX the are midpoint. other unique to representing to We of QX. to at outsized million, license year-over-year $XXX anticipate of in total to the factors be to million expect in revenue, and the Within range range revenue increase. Now $XX XXX% million. Two million $XXX
result approximately that this multi-year recognized insurer a Two, In on QX, to our to invoicing revenue revenue arrangements now from basis a periods First, as expectations. a we number have delivered term than in future. more previously we to the recognize was into requirements. upon initial We would European annual signed instance, a license later large XXXX deviation annual million $X driven terms, had quarterly we QX, ASC been This term contract in due from the fiscal due contract. moved was recognized be renewal. a a license term QX in will to that effect two-year unusual of in we standard our in not quarterly and recognized contracts does XXX, similar by customer this avoid expect deal intend This QX. with standard impact
expect to of maintenance and of $XX to services $XX QX $XX million We $XX revenue QX million million. revenue million
we were first strong income the non-GAAP $X.XX on between was per per and a $XX.X million between of million a $X.XX we summary, execution. share of operating $XX.X shares. income share, approximately For and quarter, or $XX.X with anticipate our In million $XX.X and million, it net non-GAAP quarter and very based to pleased million diluted $XX.X
While our complexities creates trends financials, path we forward. transition positive understanding XXX and in we’re underlying cloud excited the to about in the the remain know
Day in now committed XX We’re our Analyst forward you for to look the these York. questions. to scheduled detail accounting can helping more through at you. September providing and New open we investors Operator, for see complexities Thank call
