$X.XX. a our our revenue quarter million In was guidance. million, from conference Welcome, $XXX below and was sequential fourth $X.X to Dean. you, the call. Non-GAAP approximately about increase of EPS Thank everyone, QX, million QX $X midpoint
in expected than minute. more a issues of will our we call, Our supply in that of our discuss our discussed last a at detail call. last the both pipeline well chain we as reflect lower conference time the continued conversion I earnings as results during issues
execute security won basis start increased the the investigative market would today well continue review to and needs look software for from address I on our XXX of many we evolving to our and demonstrate deals, to the And margins strength relationships points like our analytics security gross in us existing of During QX, non-GAAP cutting-edge our XX%. continue address to to Also, portfolio reflecting the by quarter, large large with customers year-over-year our strength strategy. we help In QX a that win of deals to them evolving QX, how threats. customers' booking we they to activity. threats.
ability is approximately to an evolving modernize This as platform. with agency is to evolving the analytics security constantly from challenges to good that first us that our are The our deal solution of example replacing an investigative a technology with enforcement come threats. and open facing million are is technology's law to due homegrown analytics how customers $XX keep their
million second keep deal in This how is for capacity and data. variety with to a of good connection look approximately volume with increasing to in customers is pace $X expansion. us latest our investigating capabilities of platform for the The analytics the the example
million the base and confidence relationships, our our customers orders evolving our of our deployments. in for are solutions solution present technology. an another the large displacing good highlight customers $X our also needs in existing existing our replacing from ability in and and customer adding third is portfolio vendor. for the other to previous This vendors due These of long-term have incumbent was customer our track to we record our The customers how deliver and from a deal example value confidence
We however, win call. of earnings in large time we QX at last expected as overall than quarters; in lower prior QX continue our the came to deals bookings in
the the how We we and with lower-than-expected addressing are would QX these of RPO to like to main booking, lower two While and issues significant we still them. contributing issues million, is I year. this discuss level ended $XXX identified than RPO million year prior $XX
we supply the QX. issues into chain that continued First during QX is discussed and
XX% our solutions As that software, a some from include reminder, but heavier on appliances mostly average, approximately revenue consist of of comes components.
having to some revenue. orders sourcing our currently backlog difficulty are our impact which ability components deliver We affect timely and
we orders. started see have orders other to we some deliver customers impact, solutions private new placing revenue to addition the delayed In until for
on will executing initiatives of that chain supply a issues. are couple address these We
is We cost with The of to minimize stock. the to such component it with available suppliers build suppliers shortages. hard are up minimal, find inventory the is working but to of inventory impact
addition, started hardware of In to new the redesign year. the improvements and include available. will, The finish the QX other that among more designs we this expect redesign readily have components are
to our The pipeline is better of conversion. need lower we drive concluded second issue We that team conversion our to leadership pipeline. strengthen
with in back important not most convention see not competition believe from note also we that deals pipeline to we It's key quarter a based and existing were and deals lost we competitive have do environment. QX the to on pipeline entered to do at performance, customers. any of Looking large analyzing QX, the the expected significant that changes we close
strong, customers and The actions Officer. and leading I'm mitigate have growth happy Revenue to identified support new and believe close our that we to hope Based long-term taken large our driving we with We deals we will the hired and Chief Cognyte brings strategy. we CRO relationship these QX, help a the future. in extensive to in teams. on in experience growth new this report Our a search, remains already initiated analysis, the issues
time. like our would at I present to the discuss Next, visibility
may pause issues the Ukraine we be to the some a we government in causing for the addition just believe conflict in around world, In customers discussed, EMEA. especially
year, level the guidance. from it's any their this will ability customers focus impact this result with providing in it this less revenue year prioritize or any unclear spending as time, we derive what not of not this our point do when budget. to and Russia, At we at business be on is could limited, and more we security are our position While
to continue monitor resume guidance soon as as will market We practical. and the
changed. are the disappointed clearly are issues term, specific solutions have confident we growing, to security threats we address our market market threats. largely governments The have is growth address We fundamentals due a Near steps increasing we to to these identified and are not provide are in that long-term taken position are and to first, opportunity seeking in innovative guidance. we not
a and a history are of with we market Second, long growth leader innovation.
migrated relationships software we deep have well XX%. our we model, our And fourth, margin drives a to which world. business above the Third, around gross have customers successfully with
let David? color our to Now, over call about provide a turn results. David me to the bit more
