Consistent Execution with a Long-term View
Q3'23 Guidance
Total Revenue
Subscription Revenue
Services Revenue
Non-GAAP Operating Income
Non-GAAP Fully Diluted Net Income per Share
Calculated Billings
Guidance
$545-547 million
~$439 million
$106-108 million
$209-211 million
$1.07-1.08
~$365 million
Guidance issued on August 31, 2022. Our Q3'23 total revenue and calculated billings guidance assumes foreign exchange rates will remain constant, which reflects FX headwinds of roughly $11 million and $10 million, respectively, as compared to Q3'22. We are not
able, at this time, to provide GAAP targets for operating income and fully diluted net income per share for the third fiscal quarter ending October 31, 2022 because of the difficulty of estimating certain items excluded from non-GAAP operating income and non-GAAP
fully diluted net income per share that cannot be reasonably predicted, such as charges related to stock-based compensation expense. The effect of these excluded items may be significant.
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