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As subscription resulting of The had model XX% is represents million, reached driven by of embracing subscription for net Security revenue total Udi and SaaS. guidance. mentioned, the portion our our $XXX XX% increasing ahead quarter solutions, That's We our durable pleased particularly demand we were demand strong now annual and the reaching another for new platform for our our subscriptions $XXX solutions. record total. ARR for Identity and XX% well Customers our are and growing with delivered, in recurring million.
was year XX% ago portion progress and then Our clear a XXXX half the when you our amount. is year-end to total $XXX of just subscription when today of only compare million,
strength in total estimated execution nearly XX grow throughout XX% outperform just guidance the ARR to faster our to percentage in the growth of last points showcases and year February Our of year. XX%
recurring we have key to ago a Day. We goal set XXXX flipped just our convincingly business our multiyear X under in fully March years model, Investor a
The was decline portion year-end. guidance. ARR and the sequential maintenance license The and included sales in expected maintenance to at was year-over-year $XXX the due perpetual decline in million our in
perpetual renewal more our maintenance XX% rates continue of than see We for very to business. strong
XX% from at our our year-end. we obligations fourth with remaining million grew for increasing and addition, at That's XX% the subscription performance increase record impacted $XXX December XX% visibility of That's million, XXXX. the continues provided. quarter. now framework Total guidance which hit revenue well In was bookings to the mix, above year-on-year $XXX a by
by the created by and taking mix quarter. in total would XX% the million the duration XX%. we compare just we calculated grown by you have currency include And approximately have impact revenue XX%, grown to revenue million quarter mix the fourth the revenue fourth when headwind like-for-like when year-on-year. headwind into That's XXXX would was $XX was the Economically, if the as consideration, well, in $X.X
headwinds, XX% of just for license isolate the you portion grew quarter. If the revenue adjusted fourth in by our license revenue
license continue more environment, And shorter related in wanted approval quarter, On self-hosted of existing commitments, also for to customers we the X-year during deals addition, X-year subscription cycles. the or macro versus deal our to prioritized. experience some contracts, opting the long-term to quarter. impacted and and being our our pleased Identity very in be with which see deferred Overall, duration, term-based programs recognized we revenue bookings Security continue to
business and in demand budgets is evidenced our significant continued, the Momentum environment with allocated ARR strength new resilient outperformance the as the our by logos. and being of
license with revenue of XX% line $XX.X Subscription at of to revenue total quarter. fourth move revenue million, business quarter. the in the the million. Moving year-on-year, into our representing revenue for subscription about the XX% $XX.X came reached a fourth in perpetual Consistent details model, growing
was $XX.X professional million Recurring grew in X% to APJ the and from services coming million Americas revenue, year-on-year million from fourth year-on-year. professional the maintenance and revenue growing quarter $XXX.X balance last $XX.X million total that's million million, revenue of growing EMEA in and year-on-year XX% revenue by XX% million, recurring million revenue. XX% or revenue. maintenance The XX% of diversified. continues $XXX.X $XX.X to by of business the services reached be $XX.X to grew $XX year. well Our reached $XX.X Geographically,
are Normalizing in for Normalizing and would the Americas grown the the APJ non-GAAP by mix a grown tables Please the now press about basis. the P&L of I'll GAAP duration, by EMEA full in headwind FX, XX% fourth release. discuss quarter. that have to the by of and have non-GAAP the see on reconciliation items line year-over-year would the XX% All and our XX%.
$XXX.X perpetual was the license XX% increased due or quarter margin and of profit significantly gross The the part gross large the is XXXX. revenues declining fourth margin of year-on-year quarter SaaS last sales compared million with gross the in quarter portion the fourth lower XX% to Our result of in year. in of fourth
rigor adjusted While investments to in our disciplined our of we revenue increasing to results fourth make evidenced our and $XXX.X drive to growth, resulting in by headwinds as compared $X.X XX% operational growth million, the that income our continue million, and innovation to operating quarter. expenses XX% demonstrate of
We revenue, by are mix ratable lowered the shift results. still being impacted which towards operating our
in quarter. the margin operating have been Normalizing for the would positive headwinds, our XX% fourth
of quarter. not beating to level all mix guide reminder, a to back the As $X.X income transition. Net only per the or this the set to the our way the prior was beginning fourth $X.XX the year, million share, diluted for
million, to For the year. revenue $XXX.X versus full year, was XX% growth last X% year-on-year accelerated the
grown full expecting mix we the was revenue approximately a compared XX% for Normalizing total the the in bookings which was headwind XX%, to X% by headwind, grew subscription and higher for Americas XXXX. normalizing by EMEA and which -- XX% XX% a mix by for Normalizing the bookings have full would would the year, XX%. year-on-year. XX% headwind for were full year. full EMEA million that XX%, for for resulted Americas subscription year, and Americas APJ for year headwind, XX%, years have grown though, than the for the -- And the the For year-on-year. by by This full APJ $XX by
P&L the down for Moving full the year.
the to we we for $XX.X for as year. operating have better been gross SaaS. headwind, Normalizing positive closely manage full than the million. related would the year the margin Our expected was loss expenses a at XX% was margin Operating X% for
by headwind the was for was year. net basic share, $XX of the per also loss which revenue full diluted same Our impacted $X.XX and million
the ARR $X an and operating on revenue, on of FX $X full $X income. year on approximately impact We million million million for also observed
attract over nearly ending continue top and retain to We marketing. December X,XXX and XXX employees with worldwide, including sales talent X, in
full demonstrates or full subscription margin, X% year, free cash in for which ahead guardrails cash the set the For our year of flow flow free the of model. nicely million and $XX.X was strength flow we free the came cash
guidance. our to Turning
for uncertainty platform first our balances, for for Our the -- full macro the and durable the and year demand against the position competitive environment. the the first year strong the in quarter XXXX, guidance
revenue the million, $XXX expect XXXX, at quarter total the For growth million XX% $XXX year-on-year of of first we represents midpoint. to which
We to and million to the quarter, expect million $XX.X per non-GAAP operating diluted about net $XX.X range and basic for from a of non-GAAP EPS loss we our of first loss expect a $X.XX to $X.XX share.
and Our about $X XX.X guidance assumes also shares taxes. in diluted basic average weighted and million million
expect of total the XXXX with and when off outlined growth year XX%, For in XX% subscription our we and XXXX, playbook we we kicked million growth our the an $XXX representing in range the XX% rate to that's acceleration of million. revenue between full consistent from $XXX transition.
operating operating full to expect For and range $X million. loss we year, the an between operating million of $X of income results our an
expect We And XX. year, shares. for range income $X. expect about net average diluted of of $X. million a the share weighted we XX.X per full XX to
$XX We about expect million taxes. in also
we recurring year, revenue or XX% and at $XXX to and To model expect full year, event our marketing expect Tour, $XXX the second in Impact For the income million leading annual in be second quarter in increase expenses growth. related a expenses between operating help seasonally the we year-over-year XX, XXXX, XX% for and to to its an between lower to Customer Global World the the quarter. December see million
P&L we compared full in year, leverage line with to operating to each rate at growing XXXX. slower For XXXX our expense plan the a
for marketing, margin infrastructure including the increasing expect opportunity in our support and which SaaS self-hosted solutions; into we expenses we -- lastly, our and investments in cloud XX%; our lower full expect have second, deep investments The categories: investments our conviction increase between record will the bookings gross and X to critical which main strong year in our XX% fall XXXX, in in and incredibly R&D, to in sales competitive position. the making we to SaaS and our
the we If XXXX. think for environment our plan we change, about we guidance on plans to investment As year, will our hiring we for investments. our and adjust see the be agile demand
for on cash us free creating remain net deliver be over to shareholders. value period. growth the non-GAAP profitable that massive cash flow front margin. Moving to a We in on will our of anticipate income focused will margin We XX-month it that flow, equal opportunity approximately strong long-term and capitalizing
were pleased first ahead we we our in. XXXX. growth benefits engine subscription to up XXXX, If XXXX, in in kick schedule is The already Revenue of quarter. complete subscription sum there already the to expected of transition and in XX% further acceleration our accelerated are to starting
fully we And you provided, from more and and what's improvement the meaningful is XXXX. operating modestly get expect As exciting in. even we saw out more margins just improve flywheel bottomed I that to effect in in have XXXX kicks beyond once expect guidance to the XXXX we even
over much Before for turn are I I'd continue with the role. look forward in we for congratulate very to aligned call also new to execution on strategy his Matt, like working and and QA, him vision closely our
turn operator now call QA. for the over to the will I Operator?
