Public cloud ARR of $234M, up 68% Y/Y. Public cloud ARR is expected to increase by approximately 80% year-over-year, as reported and in constant currency.
Q2 recurring revenue of $345M, down 8%. Recurring revenue was 80% of total revenue, up from 77% the 2Q21.
Total ARR decreased to $1.39B from $1.426B, a decrease of 3% Y/Y.
Q3 2022 Guidance:
GAAP EPS to range between $0.01 – $0.05;
Non-GAAP of $0.27 – $0.31 vs. consensus of $0.30.
Re-affirmed FY 2022 Guidance:
GAAP EPS to range between $0.36 – $0.46.
Non-GAAP of $1.55 – $1.65 vs. consensus of $1.58.
Public cloud ARR is expected to increase by approximately 80% Y/Y.
Total revenue to decline in the mid-to-high-single-digit percentage Y/Y -6.8% consensus.
Total ARR to decline in the low-to-mid-single-digit percentage range year-over-year.