YoY almost 62%!!
Biggest beat of guidance since… well, I only track back to Q1 2019. QoQ annualizes to a run rate of 85%. BIG BIG ACCELERATION!! Future quarters will also accelerate!
I have a lot more analyzing to do but looks like a BLOWOUT to me.
First Quarter Highlights
Revenue grows 62% year-over-year to $230.5 million
Calculated billings grows 71% year-over-year to $247.7 million
Deferred revenue grows 74% year-over-year to $647.8 million
GAAP net loss of $90.8 million compared to GAAP net loss of $55.0 million on a year-over-year basis
Non-GAAP net income of $21.0 million compared to non-GAAP net income of $20.0 million on a year-over-year basis
For the second quarter of fiscal 2022, we expect:
Total revenue of $240 million to $242 million
Non-GAAP income from operations of $20 million to $21 million
Non-GAAP net income per share of approximately $0.11, assuming approximately 150 million common shares outstanding
For the full year fiscal 2022, we expect:
Total revenue of $1.00 billion to $1.01 billion
Calculated billings of $1.300 billion to $1.305 billion
Non-GAAP income from operations of $90 million to $93 million
Non-GAAP net income per share of $0.50 to $0.52, assuming approximately 150 million to 151 million common shares outstanding