this before details of Judy, results. we quarter, That we to discuss the Thanks. slides morning. through the walk the wanted you posted be remind will website we helpful as [XX:XX:XX] that our to we
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the the them million million in to it first this recurring from approximately growth to revenue course, was headwind is the dollars. the are in Hadwin was revenue was dollars. XX license million in net third In five dollars. headwind from bookings bookings revenue the increasing, reported quarter And the about approximately nine quarter, Of our second
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press to I all the As items full basis, our please non-GAAP reconciliation the move to further ongoing tables through discussed of the website. see release be and P.A., in posted an our will light gap on
and margin quarter to the adaptive. the from XX nine infrastructure on line is decline one million our last increase is to in revenue period eighty business, staff's gross year the expected which cloud gross year. for dollars, profit including and with same gross our primarily The about the gross related quarter staff was cost million in during in and or dollars, in an XX bookings percent related mix incremental our Our percent margin decline margin third year
manager. term portfolio to grew operating dollars drive relatively sales associated about but XX global yesterday's our and increased disciplined travel in million staff's investment introduction by We R&d XX percent the operating flat our to XX million offset business marketing solutions nine with year continue our enhance acquisition. million strategic was make percent of third team, dollars dollars expense expenses XX on and was million Sales the and by growth. partially increased XX to to the of [XX:XX:XX] the adaptive expenses the Gené reach to XX in percent year the with quarter, cloud expand long million to entitlements spending. dollars expand increase dollars, to total in includes like which reduced X.X
income quarter are our employees and the dollars [XX:XX:XX] percent [XX:XX:XX] operating Our had have for related third with a percent six operating of marketing. dollar income, was lowered was million ended seven a by our in mix, for That's thousand about operating share employee reminder, margin margin, XX or percent. Adap.tv twenty quarter seven hundred operating from our one bookings to quarter. are headwind third or one million revenue our total, to six dollars XX headcount. worldwide. XX or of in the hundred XX XX percent four been income cents the approximately five sales million count, sixty operating and compared We third XX XXXX. normalizing the margin one of Net approximately cents expenses total our the As per employees on And for quarter corresponding the the fifty sixty impact in would operating headwind XXXX. million third Over diluted of dollars a
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assumes cents. we of fourth to headwind total which XXXX, XX increased expect and the tax million range nongay XXX income the XX our for dollars of of to quarter revenue XXX XXXX, million dollars, mix our of assumes dollars we projected operating Our sixty of XX percent guidance one year, between bookings and rate guide, seven For the per shares quarter would XX and quarter to also we about non-GAAP of million million from rate in expect percent. and for point fifty average XX net fourth seven a diluted and revenue to subscription income twenty [XX:XX:XX] diluted weighted thirty of expect tax shares the diluted share nine for modeling full fourth a million weighted average tax
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of subscription subscription. revenues. growth business, even bookings in not ratable trend are Execution the staff growth from nicely successful. our providing other [XX:XX:XX] to assist stories year will higher but to a delay recurring recognize resulting expect Transition of deferred guidance XXXX base you our to are recurring in We with strong will expand for similar are mix. one, by we be business mix a and This in revenue next follow and modeling, marked result our
a will decline near-term margin XXXX next levels. percentage to our ongoing our in after term in operating that above margin total in will revenue net be investments non-GAAP cause backdrop terms with a will year to flow. the growth to increase points against We line over period. We anticipate net it be of This XX continue drive margin that income to a month of expect cash long five free income
growth, more expect and we see generation. by business and improving to make in want XXXX transition a meaningful beginning the million value exit we to our begin you to revenue our already [XX:XX:XX] Q&A in growth call We growth cash safety. confident operator. are, drive we more model deferred will than flow of our and strategy which will expand, to transitioning and the families hundred your are to durable recurring percent for XXX margins dollars our turn [XX:XX:XX] wish customers, are in As actively over shareholders. I that profitable, fifty staff two revenue and We revenue partners now health a and and operating for operator period, acceleration illustrated the one recurring will sobre