$XXX and ‘XX of $XXX provide year-over-year first Revenue end year million, outlook guided QX and in QX of XX%. our our million will higher QX by XX%. $X.XXX a a and of guidance of for our update growth an at I that fiscal renewals to with came all metrics. in better rate than million, on walk XX%. year-over-year growth then and billion, Rajiv. $XXX to Thank $XXX significant billings. from million QX of ARR was a was you, quarter outlook. A than representing than billings million million $XXX year-over-year guidance in majority a of that followed growth good growth ACV growth was results, of across higher finally, guidance $XXX our our QX in QX came our through results ‘XX the was
about to New to U.S. decreased were typically has higher seasonally due in as duration federal years quarter-over-quarter logo Contract durations. partly contract shorter expected, additions that business QX. mix XXX a X of
in in X%, margin Non-GAAP of better revenue rates with proof and quarter on our of than This the key $X dates was outstanding of continue our the percentage per operating it our $X.XX was million, to approximately QX from improvement slightly share exchange point assumption our $X million favorable first revenue recognized expectations. on a was previously, QX $XXX gross ‘XX our and the $XX in performance. focus license about orders million operating described in be guidance expenses positive QX of million from EPS average quarter. was from of profit quarter Non-GAAP in QX QX in benefited revenue came non-GAAP included growth. as was shares. deferred. of to also in and were QX in QX million, currency approximately QX of million dates XX% more weighted or start higher-than-expected income As our $XXX future based XXX than guidance. profitable to start because a of in $XXX margin net positive Non-GAAP Non-GAAP below operating future benefit than of shares percentage lower million percentage ongoing
for EPS good good than history first and and We income QX, a Billings in linearity and days time QX in Nutanix. the were was the XX linearity are DSOs strong of report collections. expectations. demonstration very happy to positive net of in better our
back trend collections to significantly QX, DSOs of strong up to better $XX expect contributed flow our going historical and in We cash to free than linearity expectations. forward. levels million generation billings The
about also invoices in QX. We million early due of QX collected in $XX
We from are payments of is level finding a strong, normal timing that while of cash collections remain there quarter-to-quarter. our variation in
million; million Going note our in transition total forward related we One, that would A $X.XXX that of severance estimated about on regions annual color positive generation, to and investments than non-U.S. assumed provide in with brief in range two, $XX into slightly force in the of severance of QX from ‘XX. we billion, $X given delayed we up We to cash August. expect $XX are $XX approximately cash, cash expect payments had the flow equivalents free QX, cash previously in free ended amount payments million short-term be about to and million to the previously announced when on our $X.XXX on being paid QX. our flow million in we an full to severance mainly rather $XX reduction billion and payments basis. QX
X% growth context some non-GAAP approximately of a of implying to for guidance Revenue as midpoint, our billings of $XXX average gross approximately shares I’ll is to follows: outstanding growth to more XX%, on The of rate XX%, now at to of QX XX% million million million weighted ACV at million, the shares. midpoint. XX% of $XXX margin XXX XX% a around QX non-GAAP to $XXX QX of year-over-year the outlook. $XXX million, provide year-over-year Moving ‘XX guidance. margin operating
server First, compared the top line guidance that would our for less chain supply the partners assumes remain to for ‘XX. QX more or QX same dynamics
QX flat Second, that it compared would ‘XX. QX durations to ‘XX stay assumes contract approximately in
partner benefit expect revenue revenue from $XX the future license Third, saw deferred decline includes we year million Over over the the would we now guidance few this in chain provide in than we supply dynamic start dynamic start Said update is orders in last will differently, resolve to recognize approximately of the expect an QX full as as future percentages date normalize months. revenue with our to to constraints QX. time, normalize, more guidance. of and percentage XXXX similar well. our on dates our I
it had guide, QX uncertain, While top business we which environment macro a continues cautious growth to strong prudent full and a remains renewals foundation remain our is our and good the we to for line and believe provide remains in efficiency, year unchanged.
year. therefore, margin focused raising remain our free operating flow the outlook cash and also management expense for and We on are, disciplined
year-over-year year-over-year unchanged guidance to year $XXX of our $X.XX remains of at operating XX% unchanged million to of and at year million, midpoint, non-GAAP guidance. XXXX billion, X%. full the some as XX% margin the X% year provide midpoint. full $XXX ACV margin at to billion of gross billings growth non-GAAP remains follows: for color I’ll on XX% to now Revenue at guidance XX% $X.XX guidance growth Our is fiscal
the last percentage similar remain in half ease would The of slightly the future or assumes QX year start ‘XX. year. in and to slightly orders compared QX ‘XX start to the would with less our more same the quarter, of to full to second the year fiscal contract dates that decrease would also fiscal year that guidance revenue assumes guidance comments First, fiscal durations compared
Second, the are opportunities. solutions and demand seeing new expansion continues for we and continued our
to as mentioned, in on increase and cycles. macro evidence inspection more some anecdotal see Rajiv the have potentially an backdrop which we However, we to related uncertain could sales to which is started of increased deals likely believe lead
uncertain guidance. macro We the in our dynamic and have considered this environment
in that ACV the fiscal growth billings. for majority will ‘XX billings significant ACV come We growth expect renewals of from our year in
million and factored into for our that year. free prior is a in from new million $XXX outlook million margin expansion million. focus With management and our we uncertainty segue good environment $XXX expectations of the discipline point, us to time, $XXX ACV enables operating to cash the continued year Which third to the for operating increase the flow is of which for expect fiscal our ‘XX, flow billings. the At cash about macro our to expense expectations free increase deliver $XX to an and same on
note a on Finally, seasonality.
in the Day our second that, for expect double-digit we line execution look continued that our Investor closing, our As to expect profitable our are ahead open towards that we our quarter-over-quarter to to the XXXX, We in look decline quarter-over-quarter April continue focus. please ACV and the stated referenced. of we followed more percentage objective forward double-digit sharing about half, reflect With to low billings sustainable, operator, in Rich outlook growth, as see during quarter. billings medium-term questions. pleased ACV low we by fourth third increase in results quarter In in the QX a a percentage
