QX metrics Thank board results, profitability above across afternoon, Informatica's ARR. begin by was everyone. all on our financial growth you, metrics.
I'll with QX quarter and solid our Amit, and another revenue key recurring or guidance first the or annual within good focusing reviewing
and increase actively a As are sell selling which year-over-year and therefore, categories: mind, total net growth and $X.XX in gradually let's our new licenses, self-managed maintenance strong over by longer and cloud with falls billion, increased on-prem total of maintenance existing three renewal was expansion declining ARR, reminder, we longer driven which are cloud which gradually steady workloads, and declining.
With are, customers This an X.X% start ARR primarily the from with by into self-managed was no subscriptions, which we year. subscriptions, prior no that actively perpetual XX% cloud subscription rates.
positively rates a year-over-year million on total by exchange $X.X Foreign impacted ARR basis.
let's components. its Now into three ARR down total break
XX% now subscription was cloud ago. ARR million, year above subscription customers million ARR of ARR $XX year-over-year and represents over increase new cloud existing from XX% $X.X First, a total year-over-year million XX% net $XXX sequentially. our with ARR, $XXX and cloud of strong July midpoint drove a million New the net up guidance subscription and expansion workloads Cloud of
by a about on subscription Foreign $XXX,XXX ARR exchange impacted basis. positively year-over-year cloud
rate net percentage very quarter. subscription X year-over-year and the versus strong subscription remained rate net points points it up in X the was last retention was Cloud QX. versus last parent percentage up At year-over-year up X level cloud flat XXX%, retention and XXX%, at level, percentage Our quarter. end-user point global
the million, our declined case category driven year-over-year attrition ARR typical XX% the migrated category coming two perpetual et for migration down churn, maintenance is like X% have this represents refer churn, is decline IDMC third to customers quarter. of workloads ARR to ARR of better component line due past, than X% events, which were M&A in our which approximately what from of cetera, is $XXX their The factors: and ARR, $XXX was self-managed in This the First, reasons approximately was licenses to now deployments to the this million. total quarter platform. of of Both with natural sold are with customers Informatica ARR. total Maintenance to as expectations churn natural total on-premise our who by we second down the the down termination, subscription in use and which slightly migration in expectations.
And self-managed line expectations. cloud and The sequentially self-managed our year-over-year, of into XX% our ARR's category churn
self-managed is ARR subscription due ARR, our our of $X.XXX Informatica's with decline natural workloads in As is X% the subscriptions, on-prem cloud billion. approximately one This sum $XX the and guidance. of the grew quarterly both category was guidance to July to ARR, to of migration IDMC this it metrics simply the million self-managed churn year-over-year cloud above platform.
Subscription of and midpoint
by or positively large Foreign Management is Data exchange $XXX,XXX on subscription opportunity year-over-year for Informatica's Intelligent to ARR on-premise us. Cloud a rates our impacted migrating base approximately basis.
Modernizing a customer
X.X% and QX, maintenance As migrated have cloud, of we end quarter. last self-managed of base ARR of the our up from X.X% to
of the this of migrations and side average helped X:X these ago Power introduction self-managed management on a bases uplift power master including life-to-date Center year. have PowerCenter maintenance volume has customer Edition migrations. accelerate and The year our a We ARR ratio center migrations Cloud data of
to self-managed our summarize summed driven XX%, to ARR by year-over-year ARR total performance, maintenance ARR ARR offset of X.X% and QX declines. by growth So subscription growth cloud gradual ARR
We future our expect similar to as result trends quarters direct strategy. cloud-only continue a of in
X.X% Now to GAAP an I'd revenues the third of our like results with review revenue million, line total in expectations. were for $XXX year-over-year, increase quarter.
$X.X ago. XX% basis. revenue XX% self-managed approximately on to and total to revenue, year million total includes Subscription cloud year-over-year representing which subscriptions by rates exchange compared XX% negatively million, increased impacted of Foreign revenues a a $XXX year-over-year subscriptions,
cloud points by subscription was self-managed rate to percentage down higher due quarterly rates. XX%, subscription renewal Our rates, renewal year-over-year subscription renewal offset X.X lower
subscription year-over-year. this subscription growing year. or Cloud of largely Our been subscription revenues million consistent rates was $XXX XX% XX% with our renewal revenue expectations have
between growth represented year-over-year. revenue from the As of of Maintenance ARR quarter. relative in million, due were differ period.
Revenues the for these rates a our to to timing XX% revenue services two of and maintenance million of X% total reminder, difference revenue decline and professional $XXX recognition, may $XXX the category a period metrics
education, implementation million down and rate which of up our consulting consistent renewal and $X year-over-year. are XX%, X% down revenues, the maintenance year-over-year Professional year. Our with includes services make was this this and category expectations remainder
our a quarter. implementation our assume As been the continue expected, revenue customers, partners that as back to greater and has services we work fourth our this trend share services for in declining of year-over-year
International the primarily distribution year-over-year the attributable decline X% million, and Turning year self-managed to growth last license revenue approximately revenue from the revenue from geographic business. total would rates is revenue million represented of rates in higher been year, exchange of declined in revenue exchange quarter. decline total and million our representing last XX% $XXX $X.X XX% year-over-year U.S. U.S. grew have of year-over-year The services. to support to QX XX% QX U.S. of using to in international revenue. $XXX
Cash metrics. move healthy Operating QX, share to stated. from results of margin $XX growing to as expenses I we transitions expectations net XX% was non-GAAP $X income a cloud.
Operating X.X like was basis gross million. XX%, note remain point margins year. $XXX the was with will I'd In by income our Now percentage short-term expectations.
We XX.X%, over diluted million, points ended increase exceeding after last million, free focused million, $XX tax was faster based that Please Adjusted on million. paid in profitability consistent $X.XX for July was our XXX the year-over-year increase million, business our midpoint investments year-over-year, $XXX discuss maintaining flow collections than was of Operating strong due $XXX with Net and ratio were income shares. expected was XX share on leverage EBITDA an on EBITDA unlevered guidance consistent a the improvement quarter unless our gross net Net to million a billion, in cash dynamics. diluted per Basic margin other otherwise approximately the the better cash in to was was outstanding working of of was XXX count plus debt cash quarter million. approximately $XXX adjusted million million This capital and interest was of shares.
Adjusted $X.XX and end XX cash of of an at third $XXX million position year-over-year, a September. months trailing with resulted $XXX X.Xx
Now XXXX. starting with year turning the full guidance, to
Similar our the This we've We full we are revenue by are quarter and subscription guidance pleased year-to-date, for cloud rates. while reaffirming renewal to observed dynamics and confidence maintenance and customer reflects our self-managed and in the in to grow, strong all are and year. sequentially previously steady expect consumption-driven third with momentum issued expected year-over-year strategy execution and comfortable decline basis. the supported on a to ARR revenue ARR cloud-only
follows. are For the fourth XXXX, as quarter of establishing guidance we
We GAAP expect the the million, representing in to X.X% range $XXX the $XXX total at of midpoint million to be year-over-year of approximately revenues growth range.
range representing midpoint the $X.XXX $X.XXX the subscription expect billion range. approximately at to of of to in growth XX.X% ARR We the year-over-year be billion,
We the at X.X% representing expect to be approximately midpoint XX.X% growth expect range. of representing cloud non-GAAP subscription at in approximately we $XXX of the ARR income $XXX growth of to to year-over-year the the operating $XXX million million, million, million and of range. the range be midpoint in to $XXX the range year-over-year
pieces to of few like I'd provide purposes, modeling more For information. additional a
unlevered $XXX interest full rates flow million range approximately after First, using and month based we of be expect [indiscernible] year cash for the the the tax on [indiscernible]. for fourth X quarter forward free to in adjusted
and was rate the of tax assumptions. XXXX. non-GAAP QX share our lastly, full continue And we count to, expect rate respect to with that XX%, our Third, year for
to million approximately XXX weighted average -- we to be basic quarter, shares appreciate sharing fourth the shares. million weighted diluted For average XXX shares outstanding expect be
weighted shares approximately diluted full average XXX we million outstanding and shares. at to shares shares the million For be XXX average outstanding to approximately weighted basic be year expect
Yesterday, under authorization Q&A, buy discuss. new through Now individual A our before have with existing the purchase two to for authorization. million line us transactions of opening purchase been I $XXX additional negotiated privately $XXX million common repurchases up market. authorization our stock of the This approved enabled authorization. the Board have Directors items new to in made the holders to Class or prior No share replaces a that open
the of Board terms and the committee determine Our timing, will amount any of repurchase.
authorization purchase if the While not we have this opportunity arise. when shares, opportunities any us currently plans specific to and to gives move quickly do
align XXXX, fiscal in to we modify beginning to cloud-only and provide Next, our strategy. with ARR disclosure will our investors better clarity
quarterly reporting of First, or we no subscription guidance longer will provide ARR. quarterly
cloud simply you the subscription. other As of of subscription self-managed of is metrics ARR know, our -- two sum subscription our X reported and ARR
era Now our a during useful became cloud-only subscription the of starting provide providing We'll and ARR of error strategy ARR, quarterly metric was continue following Therefore, But quarterly in company. metric ARR QX our the the process adoption for in cloud era. and reporting subscription annual subscription and we last ARR. dropping public maintenance 'XX, year, and as guidance IPO self-managed begin will total initial years cloud a to subscription AR subscription superfluous. also
the net If together you're interested level of quarter net cloud subscription end are can metric, open simply XXXX, -- and our ARR you subscription our delivering we'll report public with very will consistent the which market rate year, and at user continue executing cloud retention report level. reporting and exceeding retention we in we net ARR end our now subscription second, for the net the Last with guidance.
Operator, level, believe global the is the questions. third our cloud rate line you rate strategy user our no at focused the in XXXX can pleased at rate retention add to self-managed introduced summary, cloud we're retention and we following longer parent performance, we and era.
And on this peers.
In cloud-only
