“Total revenues of $610 million to $625 million, representing growth of 11% to 13%.”

In context

“rchased 1,476,456 shares at an average purchase price of $41.49 for a total of $61.3 million. Turning now to our updated 2025 guidance in more detail. Our acquisition of Cyral is not expected to have any impact on ARR or revenue this year and is expected to add approximately $4 million of operating expenses in 2025. For the second quarter of 2025, we expect total revenues of $145 million to $150 million, representing growth of 11% to 15%. Non-GAAP operating loss of negative $5 million to negative $2 million and non-GAAP net income per diluted share in the range of $0.00 to $0.01. This assumes 135.2 million diluted shares outstanding. For the full year 2025, we now expect ARR of $742 million to $750 million, representing growth of 16% to 17%. Free cash flow of $120 million to $125 million. Total revenues of $610 million to $625 million, representing growth of 11% to 13%. Non-GAAP operating income of $0.5 million to $10.5 million, non-GAAP net income per diluted share in the range of $0.14 to $0.17. This assumes 135.8 million diluted shares outstanding. In summary, we are encouraged by our first quarter results which were highlighted by broad-based strength and is leading to healthy ARR growth, operating leverage and cash flow generation. This performance gives us confidence to raise our full year ARR guidance as we progress towards the completion of our SaaS transition later this year. With that, we would be happy to take questions. Operator? Operator: [Operator Instructions] The first question we have is from Matt Hedberg of RBC. Matt Hedberg: Congrats on the results. It's really great to see the SaaS transition continue to accelerate and finish by year-”