Overview
- Adjusted earnings were $0.16 per share versus $0.15 expected, with revenue of $411.11 million topping the $392.97 million consensus and rising 16% year over year.
- The company recorded $13 million in GAAP operating income, marking its first profitable quarter under GAAP, and reported $1.52 billion in cash and marketable securities.
- Annual recurring revenue reached $1.782 billion, up 11% year over year, with $59 million in net new ARR and a dollar-based net retention rate of 107%.
- Fourth-quarter revenue is forecast at $462 million to $467 million, with the midpoint slightly above analyst estimates.
- Shares rose roughly 9% to 14% in after-hours and premarket trading following the results and outlook.