metrics. guidance very Thanks, with Corey, strong our all good quarter exceeded that pleased the on everyone. performance morning, again and third with in We're results our
high over year. growth $XX.X year XX% revenue increase for strong than expected driven third in better growth. by quarter The revenue revenue end the an the our was Total of million product guidance above was of
third of a year-over-year. million the ARR the Total increase grew quarter, $XXX to end XX% at
As Corey strong by mentioned, growth. customer ARR was primarily driven growth
year-over-year, Our increased by globally. customer XX% ended XXXX and over customers we QX count with
The customers our the customer to more than as base quality our improve continues in of our growth offset higher product decline of customers. service-only
recurring customer growth to growth XX% Our XX% to XX% the ARR now strong past of recurring Strong increasing economics ARR for year total revenue with per revenue average year-over-year. over constitutes year XX% customer me $XX,XXX, drove up a ago. and compared revenue in in
by it's was reclassification revenue. to products XX% more post and maintenance revenue revenue in product recurring of year-over-year. quarters, resulting in support useful on a together, in which revenue year product prior partially to our and similar to collectively at and support next XX% decline look migrate maintenance to revenue offset platform, maintenance increase we the revenue focus drove customers grew believe Therefore, as Our year. over This insight
and In less quarter cross renewal to consistent calculation the our our X%. therefore than old, line with and calls, upsells in a want by I a renewal mention XXXX directly attributable customers. not previous declined with to that also expectations, our certain exclude and customer sells was rate renewal with the to on year adjusted rate QX our commentary earnings we
calculation lowers underlying that the trends the same rates by our previous are historical X%, year renewal note remain slightly While largely this to rate and over the as and it strong. between important year X% retention our is
a professional on year services and our year-over-year continue now of decline revenue year to to basis. XXXX by we is business professional declined Our for services XX% revenue X% over QX total expect
of Looking the at the North geographically, by the quarter. revenue. by comprised revenue XX% of XX% revenue in revenue total XX% year-over-year of grew America year-over-year business world total and from and grew third comprise Rest XX%
non-GAAP to year, QX gross product combined maintenance year-over-year similar XX% margin at total flat was last gross and non-GAAP XX%. margins, to our margin was and Turning
XX% of expense of QX at of sales XXXX but revenue compared quarter, QX to were when in in year. to down when R&D third XX% QX XXXX, revenue last XXXX. QX in marketing XXXX compared XX% XX%. similar the that expenses expense QX to and of stable revenue XXXX, were compared of During XX% to to G&A expenses QX improved
For X% third operating share of guidance. approximately X% net EBITDA ahead QX margin income negative Adjusted of operating generated also our $X.X million diluted $X.X million XXXX, per was XXXX. was quarter a Non-GAAP of was the well for to non-GAAP profit QX we margin non-GAAP guides. compared in $X.XX well our ahead and of
was cash driven mainly with compared We as decrease the ended cash, QX global million in ongoing million $XXX headquarters. $XXX of equivalents our and investments The XXXX. QX by investments of to
months a XX QX from a but QX XXXX. going ago down was from Contract increased for year XXXX by XX month months
$X.X negative $X.X prior During the the million, quarter, to cash as operating year. was flow in billion compared
has of our negative reinvest profitability. to cash we timing growth As in resulted The we to these of continued approximately million throughout outlined drive XXXX, profits from flow investments sustainable operations XXXX. estimate and for have revised $X excess
Now, QX of revenue. on of strength professional guidance, to revenue to $XX despite a anticipate million moving total the decline the range revenue reflects $XX.X the we in This XXXX, in million. product be guidance for to growth, services
outstanding. loss million. operating loss is anticipate anticipate net in of weighted on to the in per be which non-GAAP based the share QX range We XX.X $X.X million of anticipated range shares for non-GAAP be QX to $X.XX million We $X.X average in XXXX $X.XX, to
the and range are now anticipate the raising $XXX.X million of million, the is to guidance in total For revenue midpoint. which over full XX% year be we $XXX.X to XXXX at XXXX, growth our
the year-to-date, outperformance non-GAAP million. significant be in operating we to are full range income operating our projecting profit of X to our year X Given and now
to to net the of weighted outstanding million outstanding our an shares diluted given a average based share represent average non-GAAP The loss. outstanding. XX.X be net non-GAAP income which anticipate $X.XX range projected on estimated quarter is fourth We XXXX weighted for per shares of basic $X.XX,
largely given investments. interest shares for full represented loss for Non-GAAP year net average non-GAAP our expect XXXX. weighted net full income XXXX year a shares projected year On and we projected a for cash a XXXX outstanding The outstanding income, represents diluted basis income. GAAP full
fourth RapidX and we time a and appreciate look third support. a strong had your quarter With In that, to we delivering conclusion, forward strong quarter.
open call now any will questions. I for the Operator?
