“For operating margin, we're raising our fiscal '23 non-GAAP guidance by 40 basis points to 20.4%, an expansion of 170 basis points year-over-year.”

In context

“the year since we first gave you guidance in our Investor Day. To give you an example, I was in Japan for the first time since the dynamic a couple of weeks ago, I mean it was 2 weeks ago. And I couldn't believe the decline in the value of the end. It was a very good time to be a tourist in Japan. But I called our team, I said, -- this is great to be a tourist in Japan, but it's going to have implications as we roll this revenue up from the Japanese market to our U.S. dollars. And in fact, our Japan revenue in the fourth quarter faced a 12% headwind year-over-year, just the end historic fall, something I've just never seen. So as a result of these headwinds, we're lowering our fiscal '23 revenue guidance by $300 million to $31.7 billion to $31.8 billion or about 20% growth year-over-year. For operating margin, we're raising our fiscal '23 non-GAAP guidance by 40 basis points to 20.4%, an expansion of 170 basis points year-over-year. As all of you know, we're quite committed to consistent margin and cash flow growth as part of this long-term plan and model that we have to drive both top and bottom line performance. And as I said, this demand environment for our Customer 360 platform, as you're about to hear from Bret and from Gavin and from Amy and from others as well, it remains incredibly healthy. Our customer relationships are amazingly strong, as evidenced by these hundreds of customers that we've met with just in the last couple of weeks. And I'll tell you, as you hear some of these incredible stories from the quarter, companies like State Farm and F1 and Goodyear and even the Department of Commerce, well, I'll tell you, these customers, they're very excited to be able to get not only incredible productivity fro”