share XX%. was of margin X.X% expenses revenue result sales operating a levels. and to net duration hiring; to we timing approximately of one was $XXX XX%. continue QX. of largely followed income Thank weighted rate $X.XX average higher QX, gross $XXX came the our implied shares. to million, higher representing end elongated by average shares range for you, two, ARR QX in was higher of of 'XX XX% QX of at in in of $XX the based year-over-year on Rajiv. QX diluted $XXX QX than range outstanding margin and EPS million all QX $X.XX fully to: fiscal million the ACV million, our higher our of high in 'XX billings X.X%, to or a range growth X range guidance. lower to partnership guided end guidance guided of million, above related compared agreements QX due cycles fully than review the year of I $XXX Non-GAAP representing gross year-over-year the payments XX%. margin. million, QX results, operating one, was XXX higher higher as QX historical fiscal contract and guided and of modestly range our year-over-year metrics. above XX.X%, in in In was Non-GAAP higher-than-expected fiscal nonrecurring diluted across guided years 'XX million in year Average million full will of billion, than first approximately representing to our guided Non-GAAP were QX per Results 'XX growth growth $XXX $XXX of in Revenue XX%. than see of QX was
on was $XX from based QX flow receivable accounts QX representing ending at million, with and and billion $X.XXX of $X.XXX QX. revenue XX up DSOs were free slightly flow in billion, Free cash days margin equivalents the cash, cash short-term QX. We a in ended investments of end cash XX%. of
the authorized program repurchasing repurchase Board continued our share in shares of QX by We Directors. under previously
worth of shares year-to-date repurchased QX about million have 'XX. We $XXX through
and QX a Relations from of for employees' and for $XX on settlement Appendix this cell enabled flow to million in sustainable impact used million $XXX be purpose. our going vesting of to QX QX cash of previous million found transition We As pay presentation our earnings over RSU in on tax cover. $XX net Investor year-to-date total settlement share a in cash mechanics More the of our its in the net method generation our liability of of our reminder, and website. forward of information us starting for share cash found can to section on free to
will dilution. with to us along program, repurchase our continue manage help This, share
Moving to QX 'XX.
non-GAAP million. fully Revenue ACV follows: of margin and million outstanding of QX of XX% gross XX% non-GAAP to approximately shares. XXX Our $XXX billings guidance shares million $XXX and million is operating diluted to XX% as to million, X% for margin of $XXX $XXX to of
gross 'XX billion midpoint representing $X.XX flow free margin representing $XXX billion, flow the The $X.XX XX% growth range, at at margin $X.XX free million, and representing year midpoint. $XXX of approximately XX% cash updated is the at billings to a revenue guidance approximately XX% of ACV non-GAAP a the of midpoint, growth fiscal billion, of full year-over-year a $X.XX XX% of cash year of XX%, as margin to for billion non-GAAP of million operating year-over-year follows: the of of to
fiscal commentary regarding for provide expansion following will new I solutions. points: now guidance, the our First, continued our X opportunities 'XX we and seeing significant specifically year updated and some are
opportunities higher the for a we pipeline in driving which in and last to ACV variability to number in million at last greater year. larger $X new our of of However, pipeline of compared higher quarters business. each see quarters than greater the grown corresponding in expansion is XX% mix than X continue has deals The our our
than take them ACV structure. has strategic longer have Relatedly, X last These opportunities to greater to XX% each in over and for larger the the deal and from pipeline in involve often quarters timing, C-suite amount variability million well causing approvals, at quarters to last and to of and the opportunities year. of dollar decisions corresponding greater close grown $X compared outcome
of elongation modest And sales to as a average we mentioned to we have continued levels. cycles previously, relative see historical
Our the the by been year. 'XX ARR and performance year-to-date expectations new expansion been beginning fiscal have below ACV fiscal and our of have and year dynamics at affected these initial
QX. We dynamics expect to in these continue
As the for the Rajiv to ACV in an billings be example, in QX expect transaction QX. collection and cash we X-figure mentioned, that
expected recognized the years 'XX. be is over fiscal While to in year subscription multiple associated revenue starting
it and came contract in with worth close pipeline. longer taking X was in in We transaction higher cycles variability to than value that the prior a similar some this Additionally, for deal than a approximately the anticipate opportunities in structures longer and making, but longer our noting our duration larger total is sales contract expected. years of expectations,
QX. our business to Second, in well assumes guidance that the will renewals continue perform
average full to slightly as year to the duration percentage to year 'XX grow guidance of continue fiscal would a assume renewals that our as Third, billing. compared to be continues lower contract flat
the Fourth, QX. includes was guidance the year cash of free which booked benefit flow X-figure full transaction, in ACV the updated
which to year full million our one course the of benefits certain expenses, the free receive $XX payments of of impact agreements. the operating of guidance the including expect assumes addition, of approximately million approximately In also over partnership nonrecurring of cash year, flow to cash nonrecurring related $XX we
closing, are significant stated metrics with sustainable, performance progress exceeded profitable of make to our In we pleased and aligned continue all to QX philosophy that guidance across our growth.
the for open questions. please operator, that, With line
