Overview
- Revenue came in at $258.91 million versus $257.7 million expected, and adjusted earnings were $0.07 per share versus $0.05 consensus.
- Annualized recurring revenue rose 23% year over year to $1.055 billion, and customers generating at least $100,000 in ARR increased 20% to 1,572.
- Management guided fourth-quarter revenue to about $271 million, slightly below the roughly $273 million analysts expected.
- Full-year fiscal 2026 revenue guidance was set at $1.001 billion, a touch under the $1.002 billion Street estimate.
- Shares fell about 7% in after-hours trading as the company said CFO Barbara Larson will depart in early 2026, with Barry Padgett named interim CFO.