“We will see incremental renewal tailwinds again in fiscal year '25, but to a lesser extent than we saw in fiscal year '24.”

In context

“Gary Merrill (CFO): This is Gary. Good morning. Thanks for joining us. I'll start off and take your question. Yes, we're really pleased and excited about the momentum that we had in the business, and we're looking forward to accelerated net revenue growth driven by subscription revenue. This contains both our software and SaaS segments. With the momentum we see, we will have balanced contributions from our land-and-expand business and our renewal business. We will see incremental renewal tailwinds again in fiscal year '25, but to a lesser extent than we saw in fiscal year '24. Our average terms are down to about two years now, so the consoles will go up, but the percentage increases will be less than we had in FY24.”