First Quarter Fiscal 2026 Highlights -
- Total revenues were $282 million, up 26% year over year
- Total ARR1 grew to $996 million, up 24% year over year, or 21% on a constant currency basis using March 31, 2025 spot rates
- Subscription revenue was $182 million, up 46% year over year, inclusive of term-based license revenue of $109 million, up 36% year over year, and SaaS revenue of $72 million, up 66% year over year
- Subscription ARR1 grew to $844 million, up 33% year over year, or 30% on a constant currency basis using March 31, 2025 spot rates
- Income from operations (EBIT) was $25 million, an operating margin of 8.9%
- Non-GAAP EBIT2 was $58 million, an operating margin of 20.7%
- Operating cash flow was $32 million, with free cash flow2 of $30 million