Thanks Ronnie.
Form later with results XX-Q we the on Our full SEC filed today.
results. have to highlight mentioned, altered noteworthy the financial quarterly As about format calls we
revenue another quarterly the with move million, financial revenue, the to XX% and was drivers release second increase notably, to period expenses period the XXXX year. our to questions. and our to comparison same million of in record your quarter get of be can an periods. prior any rate picked the details, last increase for compared some the we have quickly, total Most I Additional can Along in of high the prior at highlights of so higher $X.X XX-Q. a and found press in results variances than will our $X.X primary of fiscal up our
Our total ended or $X.X $X.X the an were operating to compared million October quarter $X.X period, increase the year of for million in expenses million XXst ago XX%.
in quarter compensation of total an of ago period, and our increase million mostly $XXX,XXX October due the with or depreciation $X.X sales. to $X expenses expenses, in for XXXX The XX%. ended Excluding million increase cost in operating is $X.X the million were expenses a compared XXst, increase total stock-based year
of due cost factors. sales increased of Our to combination a
we disclose to demand numbers, grow. booking our our the continues for While don't services
costs advance in our to we've costs incur is precursor often revenue repeatedly, we revenues. sales and of growing rising of As mentioned a
were and second Our strong result direct that quarter of of bookings increase a in cost partially sales particularly the is strength.
that The had Ronnie of other mentioned. for as buckets increased a our sales previously products of result new cost
increases need and direct sales offerings. of new growth. associated new with our to performing primarily test these efficient staff the operationally which testing been services We'll for continue come we'll that gearing with with down to capabilities. be cost have costs offer and the our will to the operational hiring to ensure these new work utmost believe We decrease up become We offerings study our include as time do will and result that monitor we
profitable year. of we from of period On $XXX,XXX income quarter $XX,XXX second fiscal basis. GAAP on operating quarter with a XXXX, an we reported compared recorded GAAP the a a of and operations our same For quarter last both second basis, loss second in consecutive
we Excluding $XXX,XXX year. we maintain quarterly as We stock-based $XXX,XXX last profitability on a net the of throughout period basis same achieved remain year. confident in versus income the of we'll that progress income of depreciation, compensation
turning last generated cash $X.X the on operating used operating strengthening of coming fiscal to call fiscal six XXXX. overall pipeline and another to questions. growth operating both sales the XXst, Now were which are now our our in XX% we record to $XXX,XXX revenue non-GAAP trend compared to confident remain balance quarter, and XXXX net We million excess strong like In basis our we cash for expectation on activities. continuing We I for is deliver second profitable high continue approximately this the sufficient a had cash and on $X same the summary, expect would of your track open position and in cash for to of sheet remains will quarterly of we're fund a end revenue, in GAAP ended activities continue. we to quarters. cash. the by activities At months Net million year. a expect the October was cash for of period the hand
