the Thank of our you quarter for much, of summary year with I'll the XXXX. fiscal Antonio. financial a start very third results
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from the software-rich strong points with coordinating proud We of are is gross taking our of establish up am This basis is driven discipline, another and particularly towards level actions prior-year by margin disruption XX by sequentially, XXX our shift pricing minimal period. and to working XX.X%, world-class basis record I points proactive tailored offerings, suppliers up cost takeout. our higher-margin, and deliberate non-GAAP recovery that plans. hit to to ensure measures the
both in As and previously indicated, we continue high-growth, R&D portfolio, to in areas margin-rich operating expenses Aruba quarter. in in and as-a-Service, our increased invest our go-to-market, particularly the which non-GAAP software of
charges, to and settlement margin charges channel prior one-time investments in with points debt profit. XXX these fraud, X.X%, bad total non-GAAP up one-time translates a involving operating year-over-year which for partner two was XX% million APJ. booked a also and We $XX in basis associated legal in our operating the with a year, Even increase from likely
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positioned $XXX dividend of million today the substantial and October. dividends Finally, of quarter, in of capital has are us our a strength share contribute We $X.XX declaring to shareholders. in per to QX our payable paid the business
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on Now highlights to X. segment turn let's our Slide
total levels. growth. more nearly the executing experienced and LAN topline up XX% revenue up XX% supply Intelligent businesses, we our and Company In growth strongly order of mid-single-digits. year-over-year, Edge, which momentum Our levels XX% was acute record now our and with record year-over-year are constraints orders, experiencing accelerated was whereas revenue, represent wireless of over Switching
as offering up platforms, which Additionally, triple-digits as network-as-a-service. software a reflects was as the Edge enabling year-over-year, Service well
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importantly, continue collections cash we levels. pre-pandemic More to see improved above
on X highlights and basis our year, growing Equity Return XX.X%, business. margin at from operating points XX.X% Slide metrics was SAM. well XXX at is our of as-a-service target the XX% prior up above Our plus key the set the
last made $X lifetime XXX well over Greenlake today. to have new of Day And significant progress $X X,XXX over to by over We enterprises, TCV over Analyst our adding customers, our by since current TCV billion. our October increasing billion
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from of the we us benefited the fiscal segmentation That visibility resource implemented also XXXX. business discipline into each year better a new and and beginning have operating better allocation gives leverage. to drive much We enables unit
Slide points X, you operating prior-year also from X.X%, basis to is non-GAAP period. have pandemic profit expanded up can from see substantially XXX lows margins to we Moving which the
selling driving are costs, expected which levels innovation and revenue targets. engine simultaneously R&D and growth productivity benefits, delivering our from long-term critical our fueling We to our further the plan, cost are savings field optimization and investment while increasing in
expenses guidance, likely a a and As $XX charges included partner. totaling mentioned in the previously, QX for involving operating legal scheme million our not also one-time included fraud settlement,
our margin would Excluding been these operating have one-off charges, XX.X%.
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to than predominantly includes QX our that margins $XXX and million volume in benefit come. is services deal for more financing that and financial large will a ARR increased very years Greenlake for expect We
disruption growing levels needs also inventory to we IT of in payments, capital supply light further and We in continue chain. the the global our working as buffer have the restructured
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guidance a Slide turning in indicated XX, continued again XXXX, Now, very that environment fourth as in respect SAM to the somewhat are $X.XX be on full-year and outlook expect and year expected. since non-GAAP to pleased announce 'XX we as I'm deliver our our between the we once now This constrained to raising October will per With guidance execution. strong demanding net reflect our $X.XX. chain, our fiscal earnings quarter, increase supply industry-wide to to diluted supply share last tightening momentum
across And strengthening see We efforts our book a continue the which that substantial have inventory possible. can take year-to-date, to increased proactive we also measures reflects you where business. inventory billion demand $X.X environment balances in the order and
the From at the QX QX 'XX, expect until comfortable segments of to the current flow to sequential XXXX, into accelerating the have of we business. we with all environment, costs, above our we be with pleased year normal are expect a although supply chain and are from cash the chance levels. given remain momentum and and QX the across order challenge specifically, persist middle top-line revenues, these very seasonality factored for supply revenue outlook. We our chain More consensus perspective, prudent, calendar least conditions
we $X.XX For of diluted expect $X.XX $X.XX. $X.XX to QX of net to EPS 'XX, EPS GAAP net and non-GAAP diluted
that announce flow levels at million cash sand attained end record cash the outlook, fiscal midpoint are our our free year with original from billion 'XX. in very of a fiscal the is this $XXX free That guidance our billion. pleased $X.X our year free Additionally, the confidence guidance at cash peak increase flow top given 'XX guidance from year-to-date, flow raised raising in $X.X also we I'm and to levels, to range
buybacks of preserve at the As half XXXX, our year you to disruption. context the pandemic the of the fiscal share suspended in of global we the first liquidity end recall,
improved continue a we in program. repurchase cash to environment, to our reinstate us generation give and operate flow visibility order Although momentum the our confidence challenging supply share
year capital fiscal million management repurchases SAM QX for of We 'XX are $XXX share investors 'XX of will targeting year policy and in to update in at our up on fiscal October.
a follow disciplined shareholder reminder, framework As we always a allocation long-term value. maximize to return-based capital
Our priority to through to while M&A profitable organic paying remaining and shareholders. deliver number one remains growth, sustainable, to both our investments dividends committed inorganic
In addition, we will consider opportunistic share buybacks doing when we see so. a favorable return for
I the clear strategy So driving to we customers, Edge-to-Cloud overall, resonating and in year-to-date conclude, of XX. am progress all our momentum our year across made proud businesses. have very of fiscal that and improved It's is with
in businesses the record and accelerated levels have orders. growth Edge HPC performance top-line with MCS Our of Intelligent
of storage orders our margins, demonstrating and momentum as-a-Service is and with business is Compute ARR robust and core accelerating. Our improved
out this on year of our capitalize look improving levels of resourced, to fiscal revenue translates profitability better to environment. to leaner, All and cash momentum, closing flow. demand forward the much We growth, free strong strong positioned and record
Meeting Lastly, as financial October, look late we Antonio Analyst strategy, outlook. on us to will virtual our update our forward mentioned, business having Securities provide where an insights, join and you for in we
up that, let's questions. with for it Now open
