you, Thank Mike.
and non-GAAP high exceeded For end Both of up delivered our and net year-over-year, our $X.XX faster, both of we income quarter, our the XX% even and our forecast strong income non-GAAP operating XX%. sales sales the of sales while growth. grew increased $X.XX, billion Net operating EPS non-GAAP range. EPS
reflect U.S. non-GAAP our from a EPS per lower tax reform sorry, a share $X.XX Our from X% second rates. tax rate quarter and tax includes results -- lower benefit
the GAAP year-over-year higher change fair Our contingent operating consideration increased and expense in from X% amortization. just for value of intangible income decreased
POS Second one-time quarter $X.XX a GAAP had December barcoding, net sales $X.X Consolidated the impact profit EPS volumes in and in driven added impact over Portal by due and sales to net diluted dollar strength Portal. the networking billion. unfavorable segment, increased positive translation increased of to Gross a deals worldwide EPS. the to currency tax $XX XX% and Organic North addition was due big sales. on The POS $X to the higher increased XX% reform net of year-over-year, security including was quarter, diluted on charge sales from $X.XX our forecasted million below America. million higher range foreign which dollars acquisition GAAP XX% $XX sales in million year-over-year
Our second XX.X%. margin quarter gross XXXX profit was
slightly of recurring of mix due for deals, big second addition our reflects million gross margin to have gross the Portal to the from quarter typically of period a quarter's our of higher $XX opportunities The for from was margin POS costs, year Our year business Portal up declined revenue support from growth. XX.X% including to of and higher million previous lower accelerated SG&A higher margin increased addition prior the margins. from increase acquisition. XXXX. prior expenses in margin the $X.X investment employee which POS the quarter the This gross our
or net the of second year to operating or $XX.X X.X% Our XXXX in of sales was non-GAAP X.X% compared prior quarter $XX.X income sales million million quarter.
the for a earn-out $XX have our December sheet, contingent million future on value expected payments XX, reflecting present balance We acquisitions. XXXX consideration of
of for consideration of of million. value $X.X contingent increase second the of For quarter fair expense the recorded we XXXX,
XXXX expense of our an we to estimate quarter to approximately principally change forecast, third the fiscal year the in be $X.X related contingent consideration For million, acquisition. of fair value Intelisys
included XX% the the re-measurement the Our estimated foreign rate one-time charges liabilities. of second effective reform profits for assets and recognized a for quarter the tax million impact on tax deferred These and charges. of tax undistributed $X.X tax transition was reflecting XXXX,
have effective rate for Excluding second tax XX%. these the been quarter charges, would the
reflects a ending rate year using fiscal fiscal For a effective are our XX% tax which forecast, XXXX June the we rate, quarter year for XXth. third blended
the to effective between XXXX, tax estimate to XX%. year fiscal For range rate we currently XX%
the year. for capital. over States We expect cash the current to our fee used minimal in cash United next operating We cash working overseas be balances consider repatriation
acquisitions, our priority. expect allocation use will accelerate priority; second give our which strategic our lower business. share as execute our We plan, grow we and tax the organic as to growth, to greater rates includes third savings investments It priority; to us from first the flexibility repurchases organic capital
and to sheet. accounts the strong balance the from shifting $XX receivable quarter sales consumed quarter, late the operations accounts of Now, higher this million from payable. including Cash in timing
operating from flow and during of remainder working income cash capital operating generate to lower expect year XXXX the investment. fiscal We
increased inventory DSO, Our trends. X quarter is the came from X.X last with days, previous in at times times which line excluding year. X.X current Intelisys to turns XX times and in
us Our At and allocation balance and million XXXX, to provide of execute December million. to debt XX, sheet equivalents ability very cash capital had we $XX and of $XXX with remains the cash strong continues our plan.
approximately X.X We approximately remaining the was authorization. for quarter adjusted no leverage repurchase times quarter the our net repurchased and XX ROIC million XX.X% and second $XXX XXXX. Our trailing have share months shares under totaled EBITDA, in
turning our Now, forecast. to
third million $X.XX brings range gross share $X.XX over is non-GAAP share. for our approximately for share sales from to midpoint $X.XX to growth sales and reflects diluted year XXXX earnings the net The expect typical quarter, margin from $XXX a XX.X%. quarter to range X%. forecast to share gross quarter from so share normally little per The fiscal sales million of the $XXX per per $X.XX per a of GAAP earnings per share higher a assumes of per our to range that margin and the forecast diluted in range We March to organic mix
for assuming of earlier, rate As I our XXXX. effective a fourth quarters mentioned third and tax year XX% we're fiscal
fiscal a tax closing the turn now impact range call full rate tax tax reform, of we of for Mike in the year XX%. over be XXXX, back to year anticipate I'll -- we'll the the For range to when have XX% comments. to
