“Over time, we expect this mix shift to continue driving overall margin improvement.”

In context

“% of our revenue and primarily does business in the Japanese yen, the euro, and the British pound. And while our Q3 revenue guidance included an FX headwind based on the prevailing rates at the time, the US dollar continued to strengthen in the quarter, further impacting our total reported revenues by approximately $1 million, bringing our total revenues to the high end of our guidance range. Second, we are pleased that our strategy to drive sales efforts toward our SaaS offerings, our fastest growing revenue stream, continues to be successful as SaaS now makes up approximately 50% of our revenue base. At the same time, as we shift more services business to our channel partners, we expect our services revenue to decline as a percentage of total revenues, which we saw in Q3 relative to Q2. Over time, we expect this mix shift to continue driving overall margin improvement. Looking at the business geographically. We are pleased with our performance across regions, especially as we look at the growth in our SaaS business. In North America, overall revenue grew 21%, driven by SaaS revenue growth of 39%. In EMEA, revenues grew 50% on a constant currency basis, driven by SaaS revenue growth of 44%. In APAC, revenues grew 9% on a constant currency basis, highlighted by SaaS revenue growth of 61%. We are pleased with our continued SaaS revenue growth in APAC, but recognize that our total revenue performance there may fluctuate, given revenue recognition and the longer term nature of our contracts in the region. As of September 30, 2022, total ARR was $191.7 million, representing growth of 30% from a year ago, up 34% adjusted for the impact of FX. Core ARR ended th”