and year. additional and by on our December adoption ASC we the updated performance forward. providing Thank I begin expect financial will some to third afternoon you, results some good everyone. quarter for guidance details impact will I of our provide going in XXX color how Then on our Yogesh,
are a all reminder, remarks numbers on I'll referring be basis. a that as non-GAAP to Now my
FX over a total quarter, if XX%, quarter been midpoint the Revenue guidance the third QX revenue stronger dollar margin was unfavorable of increase of have points for $XXX,XXX million year. higher approximately of the our not $XX.X during U.S For basis of at would an quarter. our Operating or last XXX $XX.X the was range. for million impact nearly
The of high-end tax per was for the earnings tax $X.XX result guidance and range. grew benefits Our several overachievement a rate, year-over-year to $X.XX lower above over was of quarter during the primarily due realized our of the share the XX% quarter. discrete
in negative both $XXX,XXX. at OpenEdge was quarter X% expected rates decreased actual a the basis. and rates revenue on year-over-year license last Within year-over-year million X% of License a The revenue revenue exchange total compared revenue a revenue and rates constant impact license currency of at $XX.X as QX at of decreased DCI our million third was by lower on segments. Looking X% exchange and year-ago year, of to $XX.X achieved lower actual solid currency on and a exchange X% our for constant consolidated growth, from quarter basis. segments, AD&D
million, due to of of flat currency decrease For a decrease and DCI, to flat revenue timing Maintenance Maintenance on X% a services year at renewals. to is of revenue rates OEM the and actual primarily last the $XX.X year $XX.X basis. exchange a basis. was constant on million compared last was constant contract currency year-over-year
million, to which service was was currency lower AD&D down by professional revenue X% Sitefinity service from a basis Our our revenue constant OpenEdge, due $X.X partially services segment. revenue offset increased from on
This channel from for going maintenance reported forward. a to double-digit year. our OpenEdge QX revenue comparisons we ISV again partner of once basis. QX for from quarter. well our XX% continues be revenue to growth as the constant the License had growth XXXX. growth of flat We we $X.X constant up as And of including X% partners customers. to was X% both to year revenue from customers. that million revenue for now this achieved stream the related solid solid, segment our from renewal from enterprise well this of quarter, the OpenEdge Turning revenue and expect SaaS compared $XX.X last was at direct partners than modest growth rates increase represents currency. with XX% XX% for related versus Year-to-date, low direct QX, our all by higher quarter on SaaS in is enterprise we revenue our another ISV revenue currency over up million
As I year optimize professional year-to-date. profitability last third also the with in services. quarter late noted as our services decreased of the well that’s part associated the We’ve our earlier, OpenEdge our expectations, revenue decision to OpenEdge as consistent reduced costs professional of
$X.X X% revenue, X% Excluding QX for of quarter, line year and the was OpenEdge in for million license expectations. year-to-date. with compared revenue QX to DCI a maintenance decrease of and our with growth last professional was services XX% third stable revenue and of
strong for view our changed. business has by Our long-standing remains the full-year OEM DCI relationships. not healthy, underpinned
at quarter. multiyear license QX $XX.X of was compared Our third the last million backlog and to the million the the year of end $XX.X quarter $XX.X end at last at end of million of
of While OEM the has backlog the of our renewal from our and the timing changed, the the of annualized value quarter-to-quarter. terms contracts not effect amount agreements
XXXX. X% were as the renewal These quarter, was segment. to bookings bookings as primarily maintenance professional increased the AD&D Sitefinity. $XX.X decreased bookings from X% compared QX $XX.X million due our bookings to same million partially well DevTools year. to products. maintenance high was new those Turning of and Revenue versus up were for with for quarter, down of for The Sitefinity, license QX Total last by increases services and offset increase
last These nearly our QX a $X.XX tax operating million XX%, our and higher impact a and DevTool $XX.X X% $X.X year-over-year Pacific $X.X increased decreases to across Asia million, of than with XX%. lower QX $XX.X marketing were $X year-over-year compensation QX basis decrease year expenses due expectations. on and variable decrease The rate a for to quarter plans, points quarter, primarily the were for an of initiatives the for the areas lower EPS of This with partially go-to-market efforts a and lower from primarily revenue products. currency, our due was at new to constant revenue total up X% improvement EMEA For X%. [indiscernible] term. by geography most XXXX. revenue million our our EPS and margin XXX costs international was from the extent down support rate of the includes revenue revenue of due impact benefit last was to unfavorable exchange programs $X.XX. much million, to North $XX.X down also of by lesser regions America moderated was $X.XX expectations was of was levels consistent operating lower America year, primarily was an was achievement Total -- XXXX expected of our million, million, full-year. share QX versus Latin third year-ago. The up movements revenue was comp offset company. costs down our
cash equivalents a balance a and million. cash with balance Moving metrics. sheet The few investments on with strong sheet $XXX the company quarter and flow of to cash, ended short-term
principal last for increase year-over-year The $X debt strong to million year but million. $XXX due at revenue primarily quarter, $XX the offset balance from Year-to-date is $XX in was quarter compared third lower days DevTools. quarters million, was Our Adjusted due and million CapEx. versus up revenue The higher year. of tax adjusted increase to to three QX of by XX which end increase Deferred in the $XXX collections. to of for cash million solid payments, was XXXX QX end days million QX QX the QX XXXX. five was three Sitefinity up OpenEdge, $X DSO sequentially versus was increases last XXXX. $XX flow flow at is free the deferred collections, of an cash for million due first down partially days of increased free the
end $XX third repurchased quarter, million to At of repurchase the had a authorization. the remaining shares current under at cost we quarter, XXX the of we Turning XXX,XXX million.
spend now fiscal business 'XX. per an turn quarterly XX per 'XX we will targeting fiscal that to our for share today repurchases announced we authorization guidance are -- will to of We $XXX share. our outlook I to lastly, our and additional the in our dividend from $X.XX QX. business by $X.XXX I turn $X.XX increased during million of Then million and QX remaining intend during now
exchange guidance our OpenEdge guidance, constant slight for revenue business. This expect we Consistent a revenue. full-year, for from we services QX decrease guidance. $XXX $XXX positive to is our decrease reflects lower from based for The period guidance our $XXX deal our deal on do our not in sizes and in the of offset the and revenue million. segment for rates contract and customer basis, A specific year, an prior of expectations. million of lower current $XXX a XXXX. but DCI completing also where million license terms, the versus stability and in strengthened decline driven believe with prior QX dollar OpenEdge XXXX moderated is to a results guidance FX mid again our of the provided growth approximately on essentially year-over-year to our our large flat a renewal X% we primarily within our a segment, lower any On our recognized these prior enterprises, decrease revenue in million currency from from million single-digit million license be are versus compliance impact strength total delay AD&D The the reflect This decline $X.X and partially partner a during incremental and we’ve longer will a by flat customer versus June. our over a channel. $X.X We changes represents our from of range our negative reflects based segment prior now reflects overall unchanged of U.S the impact time For be expect on $X.X guidance professional direct revenue expected and revenue on million, few engagements. large segment, change
cost our We our expectations. cash revenue offsetting guidance is $XXX million for at with moderated unchanged million. are maintaining guidance $XXX to our Similarly, adjusted XX% free lower for flow margin at operating
is to lower and offset unchanged the revenue versus exchange by reflects guidance prior This versus a to our guidance. For EPS, discussed as impact the $X.XX decreases negative reduction $X.XX, at which $X.XX is of due of our additional prior as expenses. high-end $X.XX end lower rate at well the lower impact the our the guidance partially
Our we QX. also share complete EPS outlook during repurchases reflects to impact the targeting of are
over strong to EPS. XXXX guidance year fiscal Our XX% increase XX% a XXXX updated fiscal EPS represents
tax expected estimate. is Our our rate from unchanged prior XX%
$XXX currency QX QX be guidance for compared translation million be XXXX, expect year-ago. our revenue million to $XXX we is to to $XXX our expected The to the impact total million a year-over-year and a X.X. on expected between negative revenue Turning
EPS exchange per $X.XX expected translation year, earnings expect the impact on We for compared share on rates, a an to QX to fourth negative last in $X.XX is quarter of to current XX%.Based X% increase of our the be currency of $X.XX. $X.XX expected to QX
update new Now would year closing, to XXXX. effective of I like be revenue XXX, our an on guidance on of ASC provide upcoming will new for beginning fiscal us the XX/X/XX, This before the adoption standard. our recognition
We each to the expected our impact. on want maintenance our to how revenue segment, working expenses, provide area of within the the effect new of through and maintenance where our from impact ISV direct our license expect partners and our licenses still recognition the royalties consists highlight segments preview total for but of standards revenue I material we are we a and In anticipate primarily sales and most perpetual and OpenEdge revenue customers. end-user of
revenue part maintenance both not recognize currently license delivery This XXX. maintenance ratably under will revenue users, upon and the we over ASC direct partner -- period. end and change For
So expect a impact for our we OpenEdge do on segment. revenue material not
perpetual currently current term ASC recognize on our we recognize revenue these and [indiscernible] but from both the Sitefinity, Our will our for XXX and to and maintenance lack remain allocate period-to-period. license from of change the between licenses require and since the products, the is maintenance practice, revenue delivery. mainly segment expect revenue products maintenance AD&D primarily portion and we because license over from the Telerik products, contract. to maintenance we revenue was bookings a us these from license maintenance This upon DevTool consistent
under materially be We different ASC expect revenue this segment for also not XXX. do to quarterly
impact comprised the revenue the up the for guidance. from of primarily license the from multiyear largest and multiyear term a ASC however, see of front. contracts, XXX expect revenue contracts. is OEM our agreement. term multiyear DCI over upon new multiyear arrangements recognize impacts potentially recognized term the which XXX, have currently also ASC of as the be of the revenue of on contract is be this over such, License to multiyear these material this we requires change however, these timing dates recognition commissions, impact the due entire [indiscernible] where segment, Our DCI primarily to payment And will the for our this will revenue. of expenses,
through are of our new will we working revenue details including We impact. still conference for solid had I a fiscal of release, the the more impact not 'XX. but calculations, those expect guidance quarter the do for financial closing, details fourth in earnings a the during provide material call standard on performance QX. our In
I’m revenue moderated year our the While levels pleased margin double-digit in operating cash maintain to for outlook our disappointed I’m in drive for dividend. and flow and our XXXX, increase with our to ability
As remain maintaining to future it Q&A. these Brian to needed strengthen XX%. making operating investments With Yogesh we his business, to hand for while committed to remarks, I margins mentioned above back would in our that, like
