Thanks, Udi.
walk posted Before will this discuss of website results. details be we that to wanted through the the you morning as quarter, we helpful slides we to we the our remind that
mentioned, fourth the XX% beat we quarter in for record fourth and last our pleased of revenue that's to about including million share, in from were revenue, earnings quarter guidance of $XXX operating Udi As million, income up year. the per $XXX
in tripling revenue the the from term-based of portion this million. License $X license fourth the $XX.X our subscription of across That's prior the license revenue year. million or That's $X solutions, X% quarter from quarter $XX.X the and subscription revenue year-on-year, last over XX% ever headwind and despite best million recurring we our quarter about the in revenue. million by $XX year. the grew fourth revenue quarter was total to increased transition than million accomplished of full SaaS quarter million by the million was million quarter fourth last or fourth year, with compared reaching and license for more driven demand year. the in revenue million was Our $XX $XX.X fourth $X for increasing $X.X increasing XXX% and in from the
professional was $XX.X the Our revenue. of million line services combined breakdown contracts and million, $XX is and revenue this million period. year $XX maintenance approximately in maintenance over increasing The services professional XX% from prior recurring
As of Udi total and recognized the are in the known mentioned, increasing into health ARR, subscription our the or ratably track key kicking we as revenue, recurring quarter, with business. provide formally the will of the with and to mix bookings of first revenue we on SaaS revenue, visibility off emphasize metrics transition effect percentage subscription from annual our recurring transition
which XX% revenue, from last revenue was to XX% recurring $XX $XX Looking XX% the quarter, fourth of total of grew revenue revenue. total of only million or million back the recurring That in the quarter year. in grew fourth total
Our is maintenance subscription-based well for software. by the for XXXX recurring being rates strong licenses our driven continued as growth bookings record our throughout renewal revenue as
total pace As an license represented license subscription revenue success the subscription a reminder, recurring the new total bookings from of revenue maintenance indicator quarter of and The of XX% SaaS bookings a our our SaaS fourth bookings return perpetual contracts. new subscription in of associated increasing as license total, includes XX% of the In and transition. and mix with the the is XXXX. percent of bookings, and about Saas,
our a security line what goals. yet related line, in forward while bookings XX%. in fourth was our at created the execution line added transition of SaaS as record to business. the Taking still including the on in move identity subscription strong have mission-critical mix quarter November, our robust for bookings with consideration, quarter time sales their headwind expectations That's Our top to discussed remain demonstrating mix programs revenue mix perpetual into we about grown million. track year-end, of license customers our comparable with headwind by with with and we $XX about would our by another The
of approximately million path also year are reported The effectively XX% is our accelerating December excited high-growth at $XXX AAR the we in full XXXX, and license revenue shift XXXX. year-on-year from a growth becoming the as it towards year-end At the lowered subscription was million, $XX indicates bookings our business XX, about recurring For million. to our significant towards our AAR business. growth with $XXX metric more ratable new by
saw Now some revenue business. provide the of license further our and X,XXX quarter. at color the be The add-on level an I'll with all-time on coming of during XX% engagement we customers continues fourth from business to about high,
and pleased pipeline are close our the well in improved with in fourth business quarter. as the new We rates strong momentum with growth
with We privileged also manager of land an see SaaS access continue percentage to solution. new increasing customers our
Our recognize methodology. value new time -- expectation smaller, blueprint CyberArk our is program customers to following will recognize faster that SaaS and start expand their overall time quickly the fast
a of the or for revenue, Privilege again, programs with that revenue, our their of percentage million quarter, revenue fourth million, had securing the $XX Manager SaaS or in revenue total areas, being $XX XX% solution in impacts The XX% representing APJ about representing application revenue million X% revenue about the was was of recognized the subscription about more naturally fourth quarter. record would remained and X% of generated quarter. DevSecOps of that's EMEA transformation digital revenue. bookings was and quarter. representing customers during XX% Endpoint terms XX% the bookings In total for with SaaS. of $XX I Americas, also diversified of Americas CyberArk. quarter, license revenue. note revenue the solution well the business license of the the in total quarter strongest geographies which had across with EPM
our discussed As release posted non-GAAP line on website. basis. to in I P&L, be full non-GAAP all our Please and the GAAP tables through to press see move items the a the reconciliation will of
Our $XXX XX% profit million fourth was quarter margin. or gross gross
$XX sales includes of G&A the the total, the spending. about investments reach believe marketing incremental million long-term operations. travel fourth of enhance XX% disciplined to about but business our throughout reduced for a XX% the to increase XX% expense bit increased we to shareholders Sales grew the long-term $X best global million expand million, and that solutions. demonstrated drive continue it Idaptive strategic, to to million single and with year-on-year In by digits in we pandemic, increased to team, $XX million. expenses R&D offset grew interest $XX expense to expenses of growth. is our associated by with to make operating quarter $XX to As our the and our the
income or of our ahead XX% operating operating million significantly was $XX guidance Our at margin.
revenue $XX the had $XX our quarter, approximately for income guidance. a income. share per our reminder, diluted a As was corresponding fourth on Net or $X.XX operating beating million headwind million impact the also
full in Now million million license That's XXXX. all for $XXX for let $XXX maintenance for results equaling Total year with accounted $XXX professional recurring of revenue. million XXXX. XX% million. recurring million, revenue me from for revenue $XXX XX% $XXX the services $XX summarize revenue from or reached and growing million the contracts revenue, of only Total total our XX% and in year the
of revenue You presentation in our details PowerPoint breakdown the can website. the on our see
was Our in invest XX% XX% compared XXXX our as gross continue margin for year platform. the cloud full with we to in
line in with XX% platform. total marketing that's last total X% from year G&A full cloud and well investments of XX% the increasing up offering R&D and the represented XXXX. of X% Sales security our revenue, year, as in by total identity Idaptive, revenue, XX% at driven revenue, our represented Looking XX% up last as year. of of from acquisition on-premises and represented in
Idaptive And annual operating million X%. in income total, our was margin by operating operating lowered $XX a or Our about margin. XX%
approximate Over for ended a and the year-on-year. also would the year been X,XXX XX% head As ended full of reminder, million our with XX% with XXX had a have approximately Normalizing are fourth on operating that corresponding quarter employees year. about P&L, the related We operating our operating we the income. count. to marketing, for grew headwind the employees worldwide, $XX sales margin about impact expenses in headwind the of on impact our XX%
free year income the cash This net our generated per we earnings of the XXXX. year was our to contributed $XX sheet, XX% million million flow Our balance billion with strong We investments. for and margin and diluted for share $X.XX. for flow $X.X cash ended in year $XXX with or in cash the
also XXXX. We year-end from $XXX with year million million ended the revenue. XX% total $XXX in That's deferred the at up
Our over XX, this million XXXX. million grew deferred, XXX% December at $X SaaS reaching again to $XX it by quarter, compared
Turning to our guidance.
try As income to financial, estimate and our potential not consider exchange to with any expenses rates. movements currency foreign guidance reminder, in as losses associated does future or impact other do foreign not we gains a
we the quarter $XXX total million. for of XXXX, of first So revenue million expect $X
We $X.X of the first non-GAAP about non-GAAP expect income to operating quarter. million million a operating loss $X.X of for
expect net non-GAAP a loss and basic of diluted $X.XX share. net per from per $X.XX We income range diluted EPS our to of to share
we $XX weighted revenue the shares rate quarter. subscription, the in first about of and guidance of This which headwind million a about of new from XXXX. XX.X assumes million guidance tax for weighted a and diluted bookings results first quarter shares. SaaS And license XX.X XX% XX% average million profitability approximately diluted assumes for are of Our average also and assuming basic and
overall which We mix the our pipeline, for our strength year of and our of are bookings. an for XXXX, the the guidance also initiating full assumption our opportunity reflects
range assumes million million revenue of from in $XX to which headwind subscription, new the million, revenue of resulting guidance approximately of $XXX a bookings approximately expect XX% in year. SaaS our for and total $XXX We the license to
million operating $XX expect in income non-GAAP to the We million. to be $XX range of
in We $X.XX expect the income net share be to our of non-GAAP per to diluted $X.XX. range
effective average shares XX.X we of rate full and an diluted weighted expect tax the For year, about approximately million XX%.
are the year, our the to major For related expenses X in full areas. increase
in gross infrastructure for is full the impacting year. increasing investments Our cloud margin our
our between XXXX, particular, over expenses in and be by exchange now about XX%. and million G&A. rates R&D to XX% Changes $XX in expect are hit will We increasing
platform. year As Udi offerings and mentioned, of XXXX a our identity is investment R&D across security our
sales Lastly, we marketing. investing in are and
drive in XXXX that our results fourth today get the long-term exit back of continued record record and Our in transition. pipeline the market XX growth critical give us after and opportunity. the confidence to we throughout is It rule quarter we invest to
third As additional quarter color, normalized we travel more a at fourth a quarter. the resume our lower guidance the that in rate assumes level in and
of net will line flow, free that terms over in a XX-month cash period. income our margin be with we In non-GAAP it anticipate
our just are expect the record also range to thrilled $XX in revenue at under annual million fourth momentum to We as XXXX. We quarter CapEx representing had we of million, our the be $X enter X% and with of midpoint. a
growth We safety. partners recurring families, are call value to Operator? Q&A. and transitioning that wish model to to actively our the begin drive now revenue want will your profitable, and and health our turn operator confident you and shareholders. for a durable more make We for strategy the CyberArk, I will which over customers, will to
