This post was originally published on this site
https://i-invdn-com.investing.com/news/LYNXNPEAB20I9_M.jpg
ACV billings were up 17% year-over-year to $240M. Annual Recurring Revenue (ARR) was $1.47 billion, representing a 32% year-over-year growth.
“Our business performed well in the third quarter against an uncertain macro backdrop, as the value proposition of our cloud platform continued to resonate with customers,” said CEO Rajiv Ramaswami.
For Q4/23, the company expects revenue in the range of $470-$480M, above the consensus of $452.24M. ACV billings are seen at $240–$250M.
For the full year, the company expects revenue in the range of $1.84-$1.85B, better than the consensus of $1.8B. ACV billings are seen at $915–$925M.
