for XXXX financial I second you, the as provide Thank first as Mike. well for our quarter the Today year outlook XXXX. review quarter will our fiscal results and
a reminder, X, required when results XXXX. became are U.S. domestic on As financial as GAAP we we a reporting filer QX January under
grew quarter results. or to We with We value year-over-year of are ARR end XX, recurring contracts, as annualized XX% and March period as from on The demand will result million XX% Cloud of our to revenue from QX. the first point contributing currency was pleased basis. revenues. in XX% a first as Annualized revenue represented the and Cloud constant XX% new strong active the of FX this Talend differ XX% meaningfully the at a define QX and in a of XXXX subscription growth. in $XXX.X all for this up quarter, of measure ARR time contributed impact that Talend for of year-over-year
ARR new are exiting with Cloud progress Talend XXXX. of half our We excited toward reaching
constant contribute Subscription of Talend than quarter was Fabric XX% currency, the the for professional slightly first this anticipated expected. Talend subscription In year-over-year. services than grew Total momentum. up from quarter revenue XX% for XXX% $XX.X and growth Subscription which quarter. revenue revenue was will revenue Cloud million, Designer was of for The year-over-year. XX% to release up discussed revenue launch Data more growth Our than and was headwind total Mike from the XXXX spring headwind million, first $XX larger to from year-over-year. the was less consecutive XXth the Pipeline year-over-year FX
the revenues Growth The XX% Cloud subscription annualized in on enterprise focusing as with lands. more also with to revenue cloud quarter. impacted QX, the larger from this was As customers and in XXX to quarter. expectations subscription remains previously or greater of noted proportion XX% customers mix of year-over-year strategy at consistent subscription Talend our cloud near our of in remained defined contribution companies reached revenue growth ratable revenue enterprise The stable customers as by in -- was $XXXXXX Stitch. related medium-term
the For in XXX% constant XXXX, March quarter rate was dollar-based currency. our ended net expansion
rate fluctuate expansion which dollar-based Our customers net quarter-over-quarter. can excludes monthly
we $X.X was ASC year quarter, revenue rolling bolstered standard. services million this previously, down XX% will this revenue-based measure this Professional the fully to XXX come revenue of reflects As discussed first XXXX for gradually up as metric the was over due and during adoption four-quarter new course the because lower means year-over-year. This up growth our requirement believe and mix moderation will requirement Talend increasing of related impact services professional average throughout for cloud We faster. of to like our the services largely growth lower are is services We cloud cloud XXXX. the Cloud. it customers running
and for is of growth continue strategy demand integrated supplement customers, our both systems enable these will result Our revenue primary lead to best new partners a during may to indicator Accordingly, and is shift. services as also professional we services of vary. customers ARR momentum projects to but our existing our with cloud many the
results. specified, issued in website. discussing are GAAP found press I and non-GAAP can our full A unless available Before on will non-GAAP today point forward profitability otherwise would moving that, expense between and results to earnings profit be be items, and I release metrics and loss our like going out all to reconciliation
Operating services Professional of the typically well year-over-year. expenses XX% cloud G&A quarter the by to million gross expenses equivalents The Our investment new to X% and was expenses services versus year-over-year. flow million, our first $XX.X XXXX total XX% million, XX% the ramp most them up the in products R&D driven were for year-over-year. first to greater expense. in we the quarter Free $X.X QX impact XXXX, and particularly increase in million $X.X very loss continue was of by inclusion flow employees expansion year. were operations of expanded and quarter flow the year operating was up of is as The a to of team year-over-year. which impacted deploy Net three this We and XXXX operating of of and Stitch, quarter the by R&D the and gross the was in in XX, the the first at million for is the period lowest quarter the back new $X.X or for the quarter for cloud the where was to professional of million of mainly for March $XX.X the impacted margin. the for we million, continuing to marketing QX quarter cash quarter period. a shift the throughout gross factors. prior of XX%, This expect as X% million, Talend services totaled from the same end in $X.X XX%, to from XXXX. incurred increased an margins to mix this up up cash marketing board loss balance million, quarter cash operating for due net compared loss for at loss was December. of an beginning and margin grow ratable million, compared a the free $XX.X was of primarily and last engagements. Free the XX%, as Professional quarter. Cash due first $X.X quarter XXXX. loss the sales the Cloud of gross compared $X.X or cash of $X.X This majority of continue impacted of the accounted We gross million, year, our operations. margins last were of million, and for $XX.X increase margin were quarter. cloud XX% on in is in them $XX.X will headcount all larger improve as Sales gross was for of quarter margin in compared impact productivity half XX% to and expenses of to first first the for year.
X.XX, of shortened and contracts co-terming contract to simplify duration future to first, with The our consistent minimizing pre-billed renewals. goal discounting
ending weekend the collections. quarter a impacted Second, on
and Cash Third, largely cash year million as financing amount, the full our anticipate for breakeven million in some Mike stock mentioned we the the due strategy. for QX, roughly with seeing decision burn also right we our flow inflows investment the $X.X year, but to an will a for year QX. I from totaled remain cash invest to shortened for small and in purchase the days against we XXXX, the payable from trade-off as opportunity factors the participation of business. cloud plan. earlier important We significant We we're continue the burn We it's in market of position roughly believe targeted our during is the modest our $X operating now perspective. we employee cash in mentioned, given comfortable
We million this on also a new flexibility. XX with filed put in this in $XX added will our February filed for facility the quarter. with be place terms credit were key XX-Q February SEC and of revolving agreement The the
guidance. will Now helpful XXXX which of we inherently for fluctuations QX limits not for the GAAP guidance. that non-GAAP believe share on price precision we provide and The Please compensation fiscal investors. stock-based forward estimates, only is of year going note impact
on color versus GAAP trends provide non-GAAP will We necessary. results where actual is
conditions Our April as XXXX. XX, guidance similar assumes business foreign on exchange rates and
million. count net be million given to be to $X.XX loss average revenue For range be in the early the the prudent believe the million. Non-GAAP XX.X it's to $X.X to expected $XX.X in top shares. expected million. Non-GAAP and of seen $X.X second of and net rapid range Non-GAAP year loss expected This the maintain this the our of range loss $XX.X total quarter XXXX. on is share $X.XX we've outlook million of point shift, based At progress to per in in the share. to the our $XX.X cloud of we the is full of to is million basic to is share is million operations from in XXXX expected diluted be for year line weighted in $XX.X range to per
last we of shift proportion the call, cloud growth in ratable revenue greater a faster discussed revenues. our will As fully given dampen
revenue overall outperformance should year. our QX and similar result in QX, the for to this seasonality Given last in guidance
Non-GAAP loss year be $XX.X the full million. exiting the of We XXXX to XXXX operations and million expected demonstrates the due of We average throughout in partly strong still in and follows. continued cloud, of as net well our support be new this We're XX.X based towards to over are loss progress faster expected of expected $X.XX. to $XX.X Non-GAAP updating Total with We've our revenue of, shares. new and enable leadership, constant flow. is $X.XX contributor customer $X with million momentum diluted range currency guidance in about as to and This total particularly on to XXXX expenses our investments million. our and business. range free earlier continue to $XX per in year long-term. the million of to excited on initial as be is the is shift. Cloud the our is to is guidance by largest relationships expected basis, the To weighted be year are consistent ecosystem share important to cash will we our $XX the range operating Non-GAAP ARR our $XXX exiting us from market net of This about loss for Talend a range XXXX basic innovation this increased our momentum. versus to count the million to growth million, $XXX full the goal to million. believe from is XX% of my as half with ARR strong the comments summarize, opportunities believe share continued
call turn some Mike, over back remarks. for me final to the Let
