subscriptions, entering everyone. Thank exceeding financial like review the key Recurring QX metrics to sum self-managed subscription ARR and quarter.
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prior new was driven prior year. We total the over billion added of in Our strong the the net $XXX by rates. QX, and million $X.XX total ARR workloads of new over increase end at ARR year renewal XX% cloud an versus
Foreign exchange basis, approximately than February. by million negatively a impacted set our total $X.X when better expectations year-over-year ARR somewhat guidance we on in
the XX% year subscription Turning subscription now subscription subscription million XX% million, ARR, ago. our to high guidance. and was from Cloud ARR a up above our total $XXX $XX of of XX% ARR. a end represents of the increase February components Cloud year-over-year ARR our
of $XXX quarter's and up as strong down approximately bookings subscription and was cloud from by ARR from Notably, XX% driven with of This declined $XXX approximately ARR sequentially year-over-year. of the workloads, year-over-year quarter, customers.
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new to self-managed decline ARR focus we on continue expect our sales, cloud year. Given throughout subscription the to
Our total subscription by XX% guidance of the ARR sum $X the ARR, million billion, range. is XX% of ARR. now self-managed Subscription $X.XX above and grew high cloud total year-over-year simply which to our our end ARR, of February represents
ARR subscription million approximately $X.X year-over-year by total impacted on a negatively exchange basis. Foreign
was comprises of X% maintenance, line consists at customer our with which is our of ARR The total were to in year-over-year component demonstrating renewal million, consistent period, strong -- $XXX third rates XX%, Maintenance ARR our guidance. continued down the base. year-ago in of now stickiness ARR. total XX% Maintenance
ARR, we cloud-only trends the of reminder, continue perpetual we're a expect we licenses of to average to strategy, As our These saw good ARR are future since our in in our of an self-managed to quarters.
We these ARR. result period.
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was year's net subscription in prior XXX%. XXX% retention QX rate Our rate the of versus
described quarter by we we retention disclosing ARR of retention this our cloud metric. help subscription as decline driven focus are you As begin before, understand our component this have to rate, key net retention cloud better rate pleased net business net is we rate self-managed the on an new additional sales.
To as subscription
press for on rate can find subscription the quarters. QX, rate net XXX%. filed In cloud release afternoon, data For including the we year's retention of was past NRR, this versus subscription XXX% you the X details cloud prior more
$XXX Now of exceeded I'd revenue increase over quarter. decline $X maintenance to renewal, revenues. by services guidance of lower to like million for the February million range offset by results an end review our the the partially in in quarter, revenue year-over-year. professional This GAAP a total due strong slower-than-expected X% high revenues and were our first
by with approximately exchange a Foreign revenues total in impacted $X line negatively basis, on expectations. million year-over-year February
different cloud I subscription this accounting guidance subscription sales cloud quarter's creates the revenue to In This to expected shift impact term. self-managed highlighted As due discussed the of sales. revenue last shift treatment our last new for compared to strategic FY be million. a to call, short the of 'XX approximately mix headwind in $XX on is us quarter, new
versus if expected, XX% total we revenue an new was have year its you QX a magnitude, year growth was cloud more the have of revenue year-over-year weighted was you to our mix million, increased idea sales As same cloud headwind.
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revenue. services gradual by quarterly revenues XX%, Our lower-than-expected and were was total Implementation, renewal of $XXX driven representing in the X% decline consulting professional total education XX% represented flat services the this the million, of maintenance of revenue QX, of rate revenues representing revenue. revenue total revenue remainder maintenance XX% our revenue and subscription has of for quarter. professional year-over-year.
Maintenance category, Stand-alone comprised and
million, business. made the the last year-over-year way IDMC total exchange rates the remainder are our year, to international in distribution revenue to X% to International a geographic are have million would flat frictionless part of representing from of and $XXX was revenue U.S. up $XXX platform been international Turning Using of core representing a X% the revenue of greater grew IPUs approximately $X year-over-year.
Consumption-based strategy. revenue. quarter, million. XX% access QX our year-over-year growth revenue and at
to quarter ARR, bookings consumption pleased deal. report up first total XX% of new cloud approximately IPU-based of We sequentially. IPUs that are X points percentage were now XX% represent cloud subscription
at efforts As shifting Amit end flexible on launched and are mentioned, of to we new consumption-based January, more pricing model a IPU consumption we sales engagements. the our focus
We increase continue IPU expect during to to the adoption year.
like for I'd which that stated. than move reduction. XX-plus of expenses subscription January's unless maintain GAAP the margin XX%. otherwise gross years, restructuring with stable even to non-GAAP $XX I QX, will to pleased Operating results was metrics. our note more expectations, to as to workforce were to cloud. In related percent been Please mix expenses discuss profitability our Now X a margin gross nonrecurring our million shifts included consistent our sales We've
approximately flow a World.
Operating for the in diluted and per share at income a travel share count shares. we Operating was Looking year. event shares.
QX range. $XX to million unlevered million, Informatica exceeding was in Net marketing net $XX free months EBITDA QX position This and to quarter, investments $XX million.
We in $X.XX than approximately Adjusted was and our EBITDA margin $X.XX margin unlevered higher Net related resulted up $XXX million other points collections after-tax XXX This million. net $XXX adjusted ended of cash of due flat the in favorable XX.X%, is million. $XXX the the short-term was year-over-year. was adjusted XX of diluted costs percentage guidance strong X.Xx. sales a better ratio interest of basic and trailing debt free plus XX Adjusted on approximately was $XX based first outstanding was was QX, expenses approximately million approximately capital income as of million. was XXX cash for with leverage flow million February our cash dynamics. billion, cash a in expect last quarter and paid end XX%, sequential expectations. Cash working result The was to increase after-tax high was income quarter
to business Xx which the X time the naturally XX at to of expect ahead by We of commitment delever of the approximately to IPO. months XXXX, end the is our
Now and guidance, I with the start will year. to I'll turn full
our reiterating announced we While we think approach to are transition and taking XXXX guidance. prudent sales consumption-driven in of results delivered and year is year cloud-only continues. maintain it early We're full model prudent during full our continued Therefore, a a previously our better-than-expected in a the uncertainty, period we QX, to macroeconomic year guidance.
find press year can we You full the filed in this details release of our the guidance afternoon.
and follows: revenues X% a year-over-year quarter. expect on $XXX to ARR establishing the $XXX decrease. to decline GAAP cloud cloud. by was as second both from guidance QX, continue self-managed to In XX, is we XX% ending guidance a the expect for we turning quarter self-managed mix new ARR our approximately cloud. to year-over-year to million, XXXX, our million to that shift QX, In likely continue basis.
With expect of in ARR the mind, to be while highlighting total I'll to grow, from Next, sales representing subscription we this sequential June net we to subscription begin for are second
be billion ARR year-over-year subscription the XX% billion, expect We range in to $X.XX of approximately $X.XX to representing growth.
non-GAAP cloud income to we million, year-over-year subscription $XXX the increase. ARR $XX approximately X% in operating million in expect representing to And range be XX% million year-over-year be representing to a range approximately We growth. to million, of $XX expect the of $XXX
information. purposes, Now provide for additional like to some modeling I'd
of million. $XX reminder, as And unlevered full $XXX a guidance adjusted million be year to flow to cash $XXX expect unlevered million. in remains million cash free after-tax to flow $XX we the First, free unchanged range our at
some Second, color expense provide our interest let on me expectations.
Beginning interest paid million. For quarter, upon estimate paid $XXX X% be LIBOR will million. interest term will on transition approximately full X-month X.XX%. $XX the approximately And is for spread be we the the for second our SOFR we'll on second for average rate year, of will And our be This approximately plus loan X.XX% interest we rate quarter, forecast in to estimate approximately cash loan. the cash X-month spread SOFR. July, term based outstanding debt interest for our
credit of therefore, expected interest for year bears change based all are we costs of materially forecast SOFR, curve mind, at conditions. a rate Our X.X% year.
Keep is and variable our full an of and approximately interest a debt on And estimates of full expect which the And blend may spread, due our interest interest to rate. rate X.X%. in market X-month LIBOR SOFR of future LIBOR on the forward based inclusive
discuss Third, income expectations let our me taxes. for
QX On the non-GAAP was income expect approximately year GAAP $XXX and of rate. We we to XX%, tax estimate taxes continue volatility million. year we XXXX. a our and basis, full for rate tax full XXXX that to cash continued expect rate Our be provision
count share assumptions. our Lastly,
weighted we weighted diluted quarter expect million outstanding the For shares. shares approximately second and to of basic shares XXX XXX approximately average shares to XXXX, million be average be
expect be to weighted shares we XXX average average approximately basic and weighted diluted shares. For XXXX, XXX million the full million approximately year to be shares outstanding shares
share the I'd thoughts. some like to starting Before closing Q&A session,
business a the in our investors. you and of the X I've business. and follow meet depth more I I have about longer-term you months, we of join even to on stay hope Investor instrumentation Over of to of tuned more Francisco. you that the these to for we road now our available.
Operator, have host of as that Tuesday, end, our in an had questions. become the our the are Day for person. strategy of pleased understanding they learn announce to details positioning San of am desire lot X, open the on the plan meetings able and I've September and on which company and trajectory.
To feedback in you your received business, underlying Please you to constructive fundamentals chance line many And to the can the appreciate many And some be analysts us past in expressed
