“In both our Q1 and full year guidance, we're assuming a non-GAAP effective tax rate of 19%.”

In context

“nt growth opportunities and expanding addressable markets. The demand for our products and services are strong as we drive innovation through continued investment and the shift to more recurring revenue delivering growth and driving shareholder value. Turning to our financial guidance for Q1, we expect revenue growth to be in the range of 2% to 4%. We anticipate non-GAAP gross margin to be in the range of 63% to 64%. Our non-GAAP operating margin is expected to be in the range of 31.5% to 32.5%, and non-GAAP earnings per share is expected to range from $0.82 to $0.84. For fiscal 2023, our guidance is as follows. We expect revenue growth to be in the range of 4% to 6% year-on-year. Non-GAAP earnings per share guidance is expected to range from $3.49 to $3.56, also up 4% to 6% year-on-year. In both our Q1 and full year guidance, we're assuming a non-GAAP effective tax rate of 19%. I'll now turn it back to Marilyn, so we can move into the Q&A. Marilyn Mora: Thanks, Scott. Michelle, let's go ahead and queue up the list of Q&A. Operator: Thank you. Sami Badri with Credit Suisse. You may go ahead. Sami Badri: Hi. Thank you. I actually had two questions. First thing is for fiscal year 2023 your revenue growth expectations came in a bit stronger than most Street expectations. And maybe you could just walk us through the composition of the segment and what's driving the strength and maybe which segments may potentially lag some of the stronger segments? And then my other question is, maybe you could just give us some color on the composition of gross margin regarding pricing and productivity in fiscal 4Q of 2022, that would be helpful. Scott Herren: Yeah. Thanks, Sami. As”