following Amit, We appreciate and earnings good you, Thank IPO. on first October you everyone. us our call morning, joining our XX
month. quarter filed ratable ranges than third had subscription better last expansion increasing our what initially cloud Our ARR with with results S-X year-over-year. an forecasted, we we midpoint preliminary third strong with shift consistent quarter and growth, revenue We final mix accelerating or to revenue the growth to excellent the of XX% in were
Before our financial the may like and results earnings full considering financial our that to story. I’d quarter discussing you outlook our model, to first of aspects QX review Informatica the new important of XXXX, some some and be for year fourth
drivers. with background me Let revenue start the our of
revenue an the provide partially upfront subscription base our perpetual for our support as guidance work the enhanced reflects which recurring ARR closely ratably is Our our and our license We revenue, cash typical for is view ASCXXX. consulting professional on metrics SaaS offerings business self-managed business. disclosure provide flow recognized of on contracts and installed to represents revenue is pre-existing revenue characteristics and ARR tracks a education per offerings for and services recognized Maintenance of of as recognized ratable performed.
except annually revenue a our months all perpetual $XXX things around on smaller like percent our insignificant to from Finally, perpetual of to ago $XX license licenses, efforts largely pre-existing we today The for several Southeast total now trailing and and revenue, contractual commitments million years has go-to-market on become declining basis. stopped of Prospectively, cloud. million and majority development selling roughly Asia. have XX focused an distribution-led geographies product related are subscription
to estimate over XX% for related R&D As example, that of today, we of efforts products. cloud are
result QX. of non-GAAP line. This predictability of focus, a recurring by the As This gives of XX% grew XX% us through P&L nine GAAP XXXX. revenue XX% year-over-year, a leverage and margin operating is and first this demonstrated in the our subscription bottom months at now income of revenue is
one, new over Our subscription average products or are sold with an been contracts last primarily with duration three-year from slightly the constant over years. two a few with two has relatively contract a years, term, that
of is growth driven grew $XXX.X increase to of moving The QX strong in million Total third XX% financial revenues revenue, GAAP year-over-year and revenue of to Now total recurring by the XX% to XX% representing versus results. total our million Total year-over-year revenues $XXX.X XX% million. QX is on in revenues. growth increasing subscription quarter $XXX.X revenues.
represented saw on in expect an new demand of represented Maintenance of requirements, XX% revenues licenses land-and-expand QX less Please Cloud total revenues professional basis. execution revenues. to services flat our total trailing revenues. Perpetual insignificant X% are actively for only a our to total X% and of we Consulting total make in of we revenues and keep than earlier, not year-over-year Stand-alone that perpetual down on customers mentioned this total and $X.X was revenues maintenance in million license strategy. remain based platform represented and XX-month QX of fluctuates education revenue and QX signing to percentage mind Amit IDMC continued revenues. X% of and on were up representing and revenue difference customer XX% the As and total QX. revenue strong
subscription subscription also gradually is that trends a We believe we business way think net of in and revenue we the about the best will expect maintenance as the growth cloud. new to emphasize From growth decline in continue standpoint, revenue. to form
percentage cloud, time, growing subscription mix continue revenues. XX% revenue total revenues the As to of between to with over as customers and the maintenance will a we move subscription faster XX%, current improve expect
demand outside total year-over-year XX% of U.S. to to continue million, We internationally. from $XXX.X of $XXX.X to revenue. offerings solution Revenue the million, grew U.S. representing representing strong see the X% from year-over-year revenue. XX% grew our Revenue total for XX%
stages expansion of We cloud are of international still U.S. of we countries in significant terms the our the a see front in in of catch early cloud, and up the us as adoption. opportunity outside
or for months ARR business our tracks recurring important whether contract, a upsell, it’s net a over on a license. cross-sell an since collected contracts, on it understanding base as metric the for our logos. contract all installed term-based XX expansion cash irrespective focus ARR to annualized maintenance ratable for of is also our self-managed large function value of cloud a new subscription We sales
Subscription favor third to up of $XXX.X and healthy quarter, XX% subscription point billion subscription time. more over ARR percentage Cloud almost X XX% a XX% ARR a year and XX% year-over-year million X to for total quarter. Cloud of up sequentially. percentage ARR ago growth emphasizing overall bookings ARR ARR year-over-year year-over-year percentage intend year drive from growth represents For sequentially. ago is to to mix points last X $XXX.X to the represented total ARR up up from a of percentage year-over-year continue X self-managed increased billion. rate We total cloud a ARR, $X.X ARR, versus cloud new points now in points business. $X.XX million XX% accelerated and XX% growth This increased to
expected, have The that our lastly, And platform their million related $XX.X the we ending reduced design by well-positioned trend perpetual to $XXX.X a ARR. on to million ago. As is capitalize $XX.X on the as license are to we of XXXX, basis extend to represented year-over-year to XX% management we million secular maintenance decline data directly sales and ARR TTM cloud, a total fact migration. significantly believe compared X% enterprises to QX declined, cloud of year the
We a ARR are model. recurring the past completed to have we peak revenue shift as maintenance
in net by We’ve Another was the subscription and our platform. IDMC important a rate This renewals in metric was expect the subscription customer the due QX, we the is subscription offering and on compared fluctuations longer-term year business deal part of the initial In XXX% and expanded subscription NRR upsell subscription expanding transition in goal. year XXX% retention are success driving across driven the our of NRR that, first usage-based improvement the timing focused Notwithstanding ago. quarterly large fluctuation to for NRR subscription operationally on seen strong sizes NRR. in to billing. to continue, past, as of cloud a to above XXX% we
diluted was million XXX.X $XX.X for adjusted investments in increased our QX was a profitability metrics, like will going XXX.X all that $X.XX expenses to consistent XX.X% between net driven and income our was metrics, income we I ago. to XX.X% with our was $XX.X to net discussing otherwise of million be diluted margin million Operating IPO. results shares out million, we we’re share forward, shares. into share model the and by outstanding. XX.X% capture margin market, moving a largely our momentum on seeing XX%. profitability Before compared functional unless XX% had count EBITDA million, QX basic The was areas was out and long-term significant I Rounding fact, The $XXX.X the operating to point based an change resulting the year-over-year gross accelerated stated. to per heading non-GAAP is income in in year would
leverage After the to a the and had million cash we balance XXXX, $XX.X equivalents raised $XXX.X million, On we investments that equivalents XX-month basis, deleveraging pay IPO net and used short-term cash full a is deleveraging down for in of XX, X $X.XX net was as line September pro to and EBITDA of of adjusted in net turns X.X net results post-IPO proceeds with we of debt with that in million, pro forma communicated as trailing On of short-term ratio greenshoe, we from $XX.X $XX.X basis, a utilization of another $XXX.X this and million. XXXX, on the approximately times. cash of was billion, a $XXX.X versus Factoring with and sheet, million, net forma this XX, of million IPO XXXX, of September XX, road the Turning of had a as last targets show. million. exercise September $XXX a of the versus investments. of cash year debt cash
we operating it was year-over-year after over million September intend naturally flow Year-to-date XXXX, business of tax X the and XX% forward, net ratio free Going next will the our Unlevered top reduce steadily the million approximately to $XXX.X cash three increase growth delever to leverage of healthy years two million, XX, cash ending to to our $XX.X we is due and due working margins, cash as and an believe nine-month flow line capital to was for $XXX.X GAAP management. period. times.
color guiding to for I fourth some Now provide assumptions. certain on would full XXXX, before additional the and year quarter financial like
First, provide outstanding. shares on let an update me
As I diluted XXX.X reported a basic fully XXX.X QX, and we earlier, respectively. count million and shares, share in million of mentioned
the mid-QX. grants million we into For basic we account post-IPO taking the and made million XXX diluted and shares outstanding fully in shares, XXX quarter, average respectively, weighted expect of fourth
the full year-end exercised in shares. outstanding count share be for to year fully includes post-IPO the The well workforce greenshoe. we basic as at the XXXX, RSU Looking shares IPO XXX ending QX global and our expect grants as increase million
a use approximation discuss XXXX a cash we taxes. net full me reported good expect to year tax same expectations rate non-GAAP non-GAAP non-GAAP tax for in QX QX rates. XX% let Second, tax believe this XX% and the P&L of for XXXX our as is We rate income and
presented tax XXXX the same P&L also have non-GAAP with non-GAAP XX% the We rate.
cash settle geographic operational on of rate expect fiscal based our the XX%, structure a are and activity. Next And of where and non-GAAP looking we which taxes fiscal distribution year, reflects XXXX. at beyond, we tax year XX% for to estimating tax long-term non-GAAP rate expect XXXX a we steady-state
previously a activities branch sequential the due debt in October. in expect communicated and stock options income post to step we GAAP refinancing employee down of IPO net Third,
$XX expect In To non-GAAP terms charges stock of expense expense. and and $XX and million, with for non-GAAP modeling, stock interest range of non-GAAP range of in expect to of the debt QX, the on comp excludes other consisting and GAAP net income million net assist income fees we and we $XX.X approximately the onetime only GAAP This QX charges, in the of million million. million to charges. of loss XX% $XX $XX of tax we comp million primarily And a expense expect rate line considers GAAP-only $XX.X refinancing refinancing approximately $XX million QX.
Now XXXX, are all XX, follows. fourth ending for of taking establishing quarter we this XXXX December the to guidance as account,
We expect growth. to the total X% revenues year-over-year million, million in range $XXX.X $XXX approximately representing of GAAP
representing subscription the $XXX.X of $XXX.X million ARR growth. in approximately XX% expect million, We range year-over-year to
and following income cloud the full modest flowing account the to range guidance the in into we expect GAAP our through representing total approximately to non-GAAP the into range of in year full in for million and million Taking assumptions. year the subscription year, guidance in We translates QX for $XX ARR XXXX end revenue. a This increase assumes ARR the $XX year-over-year of this operating ARR, growth. performance expectations expect the of And to XX% $XXX.X over million. QX $XXX.X million,
revenues the million approximately to $X,XXX.X We expect GAAP $X,XXX.X X% range million, growth. total of in year-over-year representing
range representing $XXX.X the XX% million of in approximately growth. to expect million, year-over-year subscription $XXX.X ARR We
representing XX% to of million the year-over-year approximately ARR expect We $XXX.X in million $XXX.X Cloud growth. range
QX of mix our on quarter GAAP strong our new will third market. mix range expect cloud a and Please be million $XXX.X the after ARR in $XXX.X to QX we million. additions of income self-managed. ability addressable of We that free income range will unlevered $XXX.X expect execute non-GAAP revenue non-GAAP million, the and to to million operating relative closing, tax flow and lead against income. note part lower the results large cash revenue in operating In to A $XXX.X upon underscore operating dependent in versus of lower self-managed
opportunities and work be We’re a questions. our on excited are for for company public making as partners, Informatica to that, ready we customers, to now your value our take global success for to Amit a and operating our place as shareholders long-term building for strategic long-term I our great employees. With focus
