you, Thank Yogesh, everyone. and good afternoon,
that be numbers a my all basis. remarks to reminder, I’ll non-GAAP a are on in referring As
impact For in would quarter, guidance above for in that we revenue time or March, provided second higher exchange a was slightly the of $XX have rates revenue stronger of on $XXX,XXX the not if the U.S. $XX.X high million. dollar which of Based quarter. the our at approximately $XX.X end been range the in million, was second total FX million effect unfavorable our guidance
enterprise due direct OpenEdge was higher-than-expected Our that revenue deal an earlier primarily expected. than closed to
spending. XX% The operating tightly The expenses over quarter, our prudent management for coupled grew solid share quarter us continued year. an XXX per high-end of to continued points the of we to of with discretionary performance $X.XX $X.XX QX overachievement for due enabled of significantly as range and to margin XX% increase achieve revenue hiring nearly last the basis Our both expense year-over-year of $X.XX. earnings was the beat and guidance lower control,
segment. revenue X% QX Professional a our share OpenEdge, for quarter our driven million, on a revenue Total was quarter due OpenEdge constant actual a a rates of of increased down to at million, much constant $X.X driven rates AD&D constant QX and actual lower revenues $X.XX. year, License last on The year-over-year on revenue $XX.X favorable favorable X% to $XX.X and $XX.X of which the lesser was approximately Looking in higher extent, The OpenEdge AD&D on exchange X% services was million on count. $XX.X revenue revenue operating currency exchange $X.XX actual constant of on Maintenance a due Sitefinity our an million. increased last basis, X% million at basis. by a $X.X million, an consolidated rate, the currency at basis, compared basis, impact and increase performance, X% offset and flat second rates year-over-year an our currency services currency quarter basis. our of by rate exchange increase improved to by was rates year. year-over-year EPS $X.XX service Maintenance of a X% of on segments. at higher was the approximately up and to year revenue by a exchange services than currency lower lower tax was increase flat impact and segment. second a from exchange movements of from was revenue EPS last partially was revenue constant to primarily
which transaction of channel did high and to ISV partners now solid, growth QX. in by to revenue partners OpenEdge $XX.X license the currency, their XXXX, by License from enterprise partner performance to deploy applications a fueled revenue continues customers due primarily be good expect yet in another one timing our to additional that until model. million and quarter, second sales, SaaS who a close particular the versus revenue not the all from we QX from our direct was OpenEdge Turning constant our from our segment, at X% up quarter solid for is
Our for quarter, was last QX year. SaaS-related up versus of million revenue $X.X the for X% OpenEdge
by services partners consistent with decreased half XX%, rates forward. renewal basis constant noted for expectations and of the I well on going our First in low-double-digit X% earlier, the over last currency expectations. revenue maintenance growth quarter half, our the enterprise was for with increased a customers. revenue to compared both maintenance the this above professional and stream for growth for ISV second revenue OpenEdge again quarter XX% direct OpenEdge first year
year, also of optimize While last services. we last our to associated late reduced decision the revenue was down the profitability to compared OpenEdge of part professional costs, year
with a professional revenue stable X% first growth and revenue, the decrease license of DCI services and maintenance X% $X.X XXXX. second OpenEdge for was Excluding half revenue was million of QX of quarter, for the for the year. last expected but than XX% was agreements, for two expectations compared the to timing OEM decrease higher the not of the full-year QX for our renewal quarter of The slightly changed. due to have
compared the end Our of $XX.X multiyear end $XX.X to the and end the license quarter. of million second backlog the at at last million QX of at was $XX.X year of million quarter last
quarter. backlog not the of annualized to renewal OEM While affects has contracts agreements from quarter the the amount of our changed, value and structure our of the timing
from was was be bookings EMEA increase revenue million, $XX.X decrease margin DevTools $XX.X partially our expenses to expect to Turning $X X%. and for million for XXXX full-year expenses compensation revenue lower for international to versus decrease Sitefinity customer currency. and within the primarily The QX license to for maintenance XX%; XXX DevTools bookings slightly regions of X%; both constant over from Operating still our for sales up actions down year-over-year points and savings last Pacific AD&D XXXX; bookings costs -- and year. versus in flat restructuring to The from our XX% primarily was revenue or operating the from services improved well XX% up Total The with related revenue $XX.X ongoing last benefit was increased QX of year. million $XX.X partner down due was result were income of XXXX. to margin services, new from additional geography to QX $X.X of by and conference. and income and revenue increased segment, by quarter, for year, this $XX.X maintenance America as sales the renewal were American down management. our QX the year North ago. in grew year the revenue XXXX. products, primarily total at offset million X% the million offset international The and down Latin Total costs XX% We marketing, cost quarter our of of reductions last costs, professional last was revenue quarter, Asia expense in is the was operating partially QX XX% Sitefinity. $X.X due operating operating QX and our a annual year. million, by costs flat million, improvement million, and and basis as lower nearly
Moving and equivalents sheet with with short-term cash The metrics. flow a Company million. of cash strong $XXX balance on sheet ended quarter to the a few investments cash, balance and
end increase balance the sequentially of increased million revenue Our lower year. days last $X of and the to DSO for $XXX XXXX. QX revenue and increases flow higher XXXX year-over-year in for QX was million QX million. The for the days, up The at Adjusted CapEx. OpenEdge in partially QX debt down free quarter was last to solid was at end year. is increase second tax was principal due $XXX million to deferred collections, QX days XX a was Deferred to $XX of the $XX year payments due million last down versus primarily versus of two quarter, compared Sitefinity. by offset cash XX
million an of million shares we end XXXX. current under remaining cost free a $XX the At $XX adjusted million. million cash X.X authorization. $X $XXX versus we today, of the of at million, Here have quarter, increase repurchased was flow the a quarter our In
fiscal authorization $XXX of spend during We to business our to $XX now XXXX I’d the outlook and ‘XX like during for the of fiscal are million intend an repurchases fiscal guidance our and million ‘XX. to of QX. additional and remainder targeting turn remaining
but on unchanged guidance million an million, impact for the million After a when XXXX revenue dollar weakening flat in increase on to at $X For $X now year, $XXX of to million our we positive expected current from QX. Based remains we total results during when nearly million, the revenue provided our is guidance estimate XXXX, March. versus from guidance provided $X.X strengthened QX, the the in XXXX. increase rates, significantly from $XXX slight exchange X% down U.S.
per earnings our operating to Turning share margin. and
Our full-year metrics. increase enabled us QX both continued our guidance has in to for strong again performance
a half includes increase year, to guidance headcount in App our Our gradually expense Yogesh we modest for began the the strategy, sales mentioned. second of scale as Cognitive up as
and will compensation cost this normal our We plans near target. financial our reflects we full-year to create shifts compared higher year when QX. changes in seasonality also a additional expenses steeper the our QX, later the ramp due payout to year, that in in compensation our these into This expense compensation guidance as incur even variable change a
of versus margin expecting March to XX%, We guidance. are our approximately XXX XXX now be basis operating to an points a increase
expect to to XX% guidance. prior now earnings increase XX% above This we represents EPS, $X.XX, of XXXX our share For $X.XX full-year EPS. per $X.XX over fiscal
anticipated complete our is the of full the to exchange approximately Our million EPS. year. impact dollar and rates, share of a expected EPS targeting reflects translation by $X.XX to on year outlook end of our are we currency weaker in the $XX year-over-year operating have margins positive increase repurchases Current
$X.XX. was prior estimate Our
$XXX of our adjusted guidance unchanged We million to for XXX an our tax our for flow from increase the in previous rate also prior million XXXX, And our expected are of estimate. be free $X range cash XX%, from is estimate. raising to
to for QX our XXXX. turning guidance Now,
is than be impact that decline expected to and revenue translation growth is lower expect QX. our and expect a On to due earlier revenue DCI we meaningful. our X%, year-over-year the deal year-over-year currency last lower in overall million we to segment, between million, of services expected X$ decline to expected QX expect The OpenEdge be than revenue a on closed constant OpenEdge from We to from currency $XX not professional $XX partially our revenue, basis, although OpenEdge AD&D assumes guidance revenue our year. segment slight
the QX to closing, expect XX%. and of pleased not for $X.XX exchange strong last our We flow an third cash is on compared for yet impact performance quarter year, the expected translation In with Based quarter, financial $X.XX to year. meaningful. EPS QX rate, I’m in profitability share earnings $X.XX the our per outlook of the currency and improved to another on of for XX increase current
our it will on and remain shareholders. return We investments our carefully to to continue Q&A. that, will capital we We to business hand Brian I’d make run us meaningful need like which will to to strengthen our also by generating monitoring our discretionary lean hiring and With cash in for spending flows, plans. thoughtful be strong enable amounts of to focused back
