Thank and good you, afternoon Yogesh everyone.
be a XXX the we which reminder, results adopted have non-GAAP in to basis. a remarks been using XXXX XXXX financial please reflect December all I'll effective note Also, my ASC retrospective referring amounts all that are to As on method. adjusted full X,
$X.X million our guidance by the primarily million, better $XX.X Our driven segment. OpenEdge first was above high-end expected quarter overachievement was our total license revenue than range. The of within sales
of Our the earnings share above due high-end revenue. per higher $X.XX the was for quarter, range to guidance our $X.XX the
Looking impact QX due the and rates million million first currency to X% on on rates consistent of of $XX.X at million segment revenue basis. XX% a exchange on as expectations. to X% recognition consolidated revenue to this a at with constant licenses and lower our renewed year revenue currency basis. was million year and number our for decrease of XXXX basis. QX a due $X.X a rates total decrease at exchange our last ASC negative term currency XXX $XX.X from constant compared X% a at revenue rates from was year-over-year timing to of of services multiyear was primarily year-over-year higher revenue the actual The The under constant X% the of of DCI quarter expected exchange exchange actual in decreased Maintenance was $XX.X and revenue lower ago on actual by a compared XX% quarter quarter. that as License
enterprise also delivered closing revenue QX a to the solid currency our from partner comparisons of now revenue reporting was sales from X% partners earlier represents in strong our due lower revenue, million on over ISVs direct a had year and expected. ISV enterprises for year growth had expected now quarter this first and year-over-year was versus including a with lower partners some currency we basis. Despite difficult to transactions rates last once XXXX. XXXX License particularly again increase. ISV timing than to we results in OpenEdge part of year-over-year well better for maintenance than quarter renewal million and continues we comparison strong constant a in to SaaS trends X% our the our revenue to Turning segment slightly our growth channel QX of to a with due of the $XX.X at reported the compared recent down a is from which all quarter, XX% We by the customers. billings up constant related when both our OpenEdge be $X.X direct for XX% also achieved
As XX% for of expected, $X a million DCI was last quarter, year. of the revenue QX to compared decrease
With full for has on the our the tract view changed. performance in QX was not that year
QX OEM our is and the During for of provide license the of value call, or clarity metric the to conference the underlying contract maintenance contracts this new DCI annual the we on introduced ACD metric contracts. DCI segment. economics term This
steady value very of going be and $XX we to DCI $XX expect to XXXX, do fluctuate with million contracts expect the not XXXX. predictable, OEM consistent for million continue is Since ACV our materially forward. We to to ACV
Turning segment, due down of we quarter, partially million bookings bookings so half $XX.X for are million license to to of of new second were revenue Total down license momentum decrease by QX bookings the DevTools. in We for were in lower due XX% was X% had The DevTools the offset year. The versus slight was decrease by QX $XX.X to last increase AD&D primarily maintenance. the quarter, for lower QX our results encouraged sales, compared to our for XXXX. year last maintenance created bookings disappointing. was and a the
QX down AD&D result, into Total margins license international $XX.X EMEA level $X.X the anticipated to versus watching QX so was lower being as was X%. the already constant exchange expectations than as impact rates, spending partially and year $X.X and for Latin expansion was operating our on That at our driven quarter. cost down $X.XX. by for last million, of was ASC of up XXX of basis the also quarter EPS expectations. a up income protect decline Pacific a contribution million lower revenue was offset the points slightly are decrease full of were from I've geography The North QX we and last X% was million, a the and essentially year's regions margins of by result shares. Total tax XX% of the movements and first lower were for as not well. year, expenses year lower were revenue and and due profitability. XXXX operating have we coming last quarter, preserve margin The XXX QX DCI said, mentioned. operating at America last $XX.X year million, QX flat expect revenue by with is a year-over-year XX%, our new rate XXXX. we our segment, EPS currency: with and weighted $X.XX for to as the improve nearly margins adoption year, of full an year. consistent from $X.XX moderated with rate primarily XX%. unfavorable we opportunities higher Our the or are timing year-over-year our contribution was of $XX.X to exchange revenue than first sales our America Asia revenue revenue impact million, which And
a with cash, of metrics, the investments few balance Moving a to million. and flow and quarter short-term strong company ended the equivalents cash with sheet sheet cash on balance $XXX
five the and sequentially $XXX to end million. XXXX QX $X first CapEx. collections, million QX million offset part of of of Adjusted collections. cash primarily the principal timing of due for of $XX days increase is the debt revenue last an Deferred million in decrease was OpenEdge due XX $XX and Our up quarter, in quarter year was from for was deferred to end maintenance. the up due of QX lower billings the and versus million the XXXX in of billings to was QX year. at to balance The last by days, $XXX free at days flow primarily up nine DSO timing QX compared
$XX at current we repurchased million we cost shares end the $XX quarter, first XXX,XXX under At remaining the the quarter, a During our had of authorization. of million. repurchase
our guidance which the impact the and segment. OpenEdge acquisition, returns the business to XXXX outlook and turning This reported before review financial of our we our like QX, shareholders. to will will for that within acquisition meets Now and Ipswitch I'd criteria, be for strong are excited strict generate it
current covenants is this In expected credit $XXX debt. our also times to debt total approximately and of incremental this the $XXX facility, it's remarks, facility As interest our the of with an $XX be current prepared million conjunction similar new ratio of transaction to years. $XXX and cash of funded existing remaining term principal balance as will transaction price in Yogesh is X.X on loan, five transaction, term five-year purchase mentioned million have be repaid his will EBITDA. with substantially be refinance following to million, This $XXX million all-cash million we resulting terms, leverage over and our rates in
higher the expected effective return approximately Post-synergies, contribution higher repurchasing planning a annualized within connection shares expect on taxed rate. not light are than on this over is realize this next identified million share tax will we with in rate cost Progress' XX% operating and than of additional at we contribute $XX margins the repurchases, current synergies to returns, have XXXX. and substantially marginal We The in acquisition months. during on Ipswitch acquisition XX the of with
late in the contribute of XXXX partial approximately April, at of resume level $XX for million seven year. operations fiscal with capital closing expected is our our months to approximately revenue during publicly Based part policy. of and stated in XXXX be Ipswitch repurchases share allocation expect consistent date We our to targeted a on will
a of EPS, $X.XX, and weighted For we contribution which reflects higher shares. net operating the Ipswitch higher tax marginal from increased Ipswitch, interest expect net rate expected of the expense, contribution
both an an Now to turning of $X.XX be $XXX to and our are increase year, $X.XX expected EPS range. addition increasing We XXXX expectations revenue reflect million guidance. our prior of XXXX now we Ipswitch. of $XX XXXX our of million, low guidance, starting and the revenue guidance with be to is end to $X.XX, to from the million now increase the the high to end EPS full $XXX expect to
our While core and somewhat will the between have revenue not mix segments overall from be of expectations primarily changed, revenue our to our different, businesses AD&D. OpenEdge
lower offset segment our expect OpenEdge We our segment, revenue the AD&D from which is Ipswitch. not from revenue incremental slightly by revenue from higher including
the XX% Our expectations Ipswitch, reported. following we will the DCI but changed, revenue of revenue DCI revenue approximately total X% for versus addition have not of our represent previously
increase expect total our we approximately year to tax of $XXX unchanged $X.XX guidance exchange margins $XX on million full prior of million, currency only the approximately contributing translation flow XX%, approximately from impact current XXXX. for unchanged of on the cash our from of our EPS revenue from and in the on Ipswitch rates, to million, now with free is $XXX,XXX Based rate $XXX expected XXXX We XX% provided impact expected operating is guidance. negative million guidance. a to prior is $X.X increase of Adjusted both an rates The remainder exchange January. negative our
QX our to guidance Turning for XXXX.
from $XX ago. $XX a only the includes year be million compared of one date. on of million and closing to during $XX Ipswitch, to based between $X a million, targeted This quarter reflecting revenue month revenue revenue expect We million approximately
QX expected The represent impact $X.X revenue. from the to in of QX to translation is expected In DCI, will due QX currency Ipswitch million. XX% contribution, year-over-year to total which the revenue negative addition approximately on be is our revenue QX to step-up our
and result able to for year, closing, EPS net We Ipswitch marginal Ipswitch, flow is last expect compared expected the from on QX, to we impact to an rates, in of expense, our revenue, plans, Based pleased increased to negative of be had flat earnings $X.XX solid an acquisition. share the for higher expectations execute expected to EPS translation increase performance of higher of contribution expected a and in are the current per XXXX on as again increase a This financial rate second tax quarter, our interest cash on be QX to $X.XX. approximately of includes weighted our to $X.XX $X.XX exchange Ipswitch EPS $X.XX shares. of QX a continue we currency and In we X%.
move will Brian focused realizing be identified. Q&A. people their on integrating financial it products, to of we've we With benefits for on We forward back that, turn successfully and like and I'd acquisition as to the operations
