“In both our Q4 and full-year guidance, we are assuming a non-GAAP effective tax rate of 19%.”

In context

“ash flow. We continue to make progress on our business model shift to more recurring revenue while making strategic investments and innovation to capitalize on our significant growth opportunities. Turning now to our guidance. For fiscal Q4, our guidance is: we expect revenue growth to be in the range of 14% to 16%. We anticipate the non-GAAP gross margin to be in the range of 64.5% to 65.5%, and our non-GAAP operating margin is expected to be in the range of 34% to 35%. Non-GAAP earnings per share is expected to range from a $1.05 to $1.07. As Chuck mentioned, we are yet again raising our fiscal year guidance for fiscal 2023, which is as follows. We expect revenue growth to be in the range of 10% to 10.5% year-on-year. Non-GAAP earnings per share is expected to range from $3.80 to $3.82. In both our Q4 and full-year guidance, we are assuming a non-GAAP effective tax rate of 19%. Our guidance ranges reflect significant visibility driven by healthy backlog, ARR, RPO, and improving availability of supply. As Chuck mentioned earlier, as of now, we see modest revenue growth in fiscal 2024 on top of our strong performance in fiscal 2023. You can also expect us to deliver earnings per share at a higher growth rate than revenue in Q4 and in fiscal 2024, reflecting improving gross margins and strong expense management. And lastly, we expect to continue our stock buybacks at the higher level you've seen over the last two quarters. 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 tee up the queue for questions. Operator: Thank you. Samik Chatterjee with JPMorgan. You may go ahead, sir. Samik Chatterjee:”