“As a reminder, our plan is to utilize $50 million for the year in repurchasing shares.”

In context

“tained focus on profitable growth drove year-over-year margin expansion of more than 650 basis points. Turning to the balance sheet and cash flow. We ended the second quarter with $222.9 million in cash and short-term investments. For the 6 months ended June 30, 2023, cash generated from operations was $9.3 million, while free cash flow was $8.5 million. This compares to cash used of $6.6 million and free cash flow of negative $8.8 million for the 6 months ended June 30, 2022. Lastly, with regard to share repurchases, during the 6 months ended June 30th, we repurchased 3.3 million shares for a total cost of approximately $17 million. And through the close of trading yesterday, we have repurchased a total of 4.4 million shares for a total cost of approximately $23.8 million so far in 2023. As a reminder, our plan is to utilize $50 million for the year in repurchasing shares. I would now like to turn to our financial outlook where for the full year, we are pleased to once again raise our expectations for total ARR, total revenues and operating income. For the third quarter, we expect total revenues of $67.6 million to $69.6 million or 9% year-over-year growth at the midpoint. We expect non-GAAP operating income of $5 million to $6 million, and for the full year, we now expect total ARR of $258 million to $263 million or 21% year-over-year growth at the midpoint. We now expect total revenues of $261.9 million to $265.9 million or approximately 14% year-over-year growth at the midpoint. Lastly, we now expect non-GAAP operating income of $15.9 million to $17.4 million. We'll open for Q&A in a moment, but first, I wanted to provide some additional color on our gu”