“Second is the interest impact from the acquisition, which we expect to be a headwind of approximately $350 million per quarter, including both the foregone interest from cash off the balance sheet and the additional interest payments on debt.”

In context

“ge from $0.84 to $0.86. Our Q4 guidance includes $950 million to $1 billion in revenue from Splunk and non-GAAP EPS of negative $0.03 as the interest impact more than offsets the operating benefit. In Q4, we're assuming a non-GAAP effective tax rate of approximately 18%. For fiscal year '24, our guidance is as follows. We expect revenue to be in the range of $53.6 billion to $53.8 billion. Non-GAAP earnings per share guidance is expected to range from $3.69 to $3.71. We're assuming a non-GAAP effective tax rate of approximately 19%. Looking beyond Q4 and into our fiscal 2025, in addition to the top-line benefits from the Splunk acquisition, there are a few points to bear in mind as you build your models. First, we expect revenue growth to be in the low-to mid-single-digit range next year. Second is the interest impact from the acquisition, which we expect to be a headwind of approximately $350 million per quarter, including both the foregone interest from cash off the balance sheet and the additional interest payments on debt. Third, we're working to quickly integrate Splunk into our product offerings, go-to-market engine and expect to invest in OpEx in fiscal '25 to drive those revenue synergies. Given these points, we expect fiscal '25 operating margin to be in line with our Q4 guidance. We'll give more formal guidance as we get to the next earnings call, but I want to make sure you have those three thoughts in mind. And as we've stated, we expect the deal to be non-GAAP earnings per share accretive in fiscal '26 and beyond. Sami, let's now move into the Q&A. A - Sami Badri: Thank you, Scott. Before we start the Q&A portion of the call, I'd like to remind analysts to ask one question and a single follow-up question. Operator, can we move to the first analyst in the queue? Operator: Thank you. Amit Daryanani w”