We adjust our exchange rates used to calculate Total ARR on an annual basis, at the beginning of each fiscal year. (2) We calculate total annual recurring revenue ('Total ARR') as the number of users who have active paid licenses for access to our platform as of the end of the period, multiplied by their annualized subscription price to our platform. (1) We calculate constant currency revenue growth rates by applying the prior period weighted average exchange rates to current period results. (3)Ĭash, cash equivalents and short-term investments ended at $1.446 billion. Non-GAAP diluted net income per share attributable to common stockholders was $0.38, as compared to $0.40 in the same period last year. GAAP diluted net income per share attributable to common stockholders was $0.17, as compared to $0.22 for the same period last year. Free cash flow was $205.9 million, as compared to $216.0 million for the same period last year. Net cash provided by operating activities was $209.9 million, as compared to $219.9 million for the same period last year. The company's GAAP and non-GAAP net income declined year-over-year as a result of a significant increase in income tax expense due to the impact of new R&D tax legislation. Non-GAAP net income was $138.1 million, as compared to $160.5 million for the same period last year. GAAP net income was $62.0 million, as compared to $88.0 million for the same period last year. Non-GAAP operating margin was 31.9%, as compared to 31.9% for the same period last year. GAAP operating margin was 14.5%, as compared to 15.9% for the same period last year. Non-GAAP gross margin was 83.0%, as compared to 81.2% for the same period last year. GAAP gross margin was 81.5%, as compared to 79.8% for the same period last year. Average revenue per paying user was $133.34, as compared to $133.15 for the same period last year. Paying users ended at 17.37 million, as compared to 16.14 million for the same period last year. On a constant currency basis, year-over-year growth would have been 8.3%. Total ARR ended at $2.333 billion, an increase of $43.7 million quarter-over-quarter and an increase of 7.7% year-over-year. On a constant currency basis, year-over-year growth would have been 8.8%. Total revenue was $572.7 million, an increase of 7.9% from the same period last year.

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