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productivity as to cost marketing unlock expect digital we continue additional optimization We in savings will deliver new headcount solutions. and
inside agenda to with forward aggressively productivity. various pressing our to and are both functions company products the our accelerate reinvent We AI
reviews. software code speed, improve practices efficiencies coding are to quality development to and enhancing our accelerate We
our and provide recommendations to leveraging We and data tailored their improve to solutions proactively customer also needs address and are to telemetry efficiency productivity.
two year-over-year, billion, Shifting allocation. This cash cash minus days, cash was days operations the as improved increasing receivable growth payable has by cash inventory quarter. $X cycle day to and four Systems The QX approximately flow days decreasing was from cycle primarily flow partially million. the $XXX free of overall and conversion days XX days offset increasing flow capital The due days. in Personal improved solid in cash expected. at days three one conversion was and to sequential
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year-over-year we Poly, challenging the FY excluding climate for maintaining related QX, to long be term. economic strategy quarter headwinds our our keep We 'XX. In forward dilution outlook. allocation our softness Looking our start near expenses, in to capital rating. remain will expect operating as We business the continued will to still and this mind committed to managing financial demand overall while remain the we for following credit investment-grade down intend over expect term particular,
Personal half size driven of versus demand Systems, market expectations, in 'XX calendar by prior the mainly the weakness smaller China. For PC for second is year
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the are for and into outlook considerations fiscal year providing following these QX account, Taking XXXX. we
are EPS HX primary previously referenced We I QX to earlier, FY which 'XX of midpoint. 'XX the due our by $X.XX the our discussed outlook the our include outlook revised lowering factors range adjustments driving non-GAAP by and accounting impacts non-GAAP for the The $X.XX. I guidance our challenges at macro effect EPS
We expect quarter and per the range $X.XX. to to range the of GAAP in per of be $X.XX fourth net diluted share $X.XX be fourth quarter share non-GAAP diluted to earnings earnings net $X.XX to in
GAAP non-GAAP the $X.XX, 'XX FY diluted 'XX in share the expect $X.XX. $X.XX to to in to per of earnings be We share to FY net range of $X.XX per be and earnings net range diluted
free expect be approximately 'XX, the to prior range $X billion billion low flow $X.X We line with guidance cash $X our billion. FY for end in of of to
now hand it call the And open and to operator for I like to your questions. back would the
