“We hope to improve our operating margin in the long term.”

In context

“Roei Golan (CFO): Thank you. Regarding the first question about new business, the growth we've observed can largely be attributed to the increasing uptake of our Infinity global services, which has shown strong growth. Additionally, we've seen significant traction in high-end appliances, contributing to our new business expansion, alongside the consistently growing Harmony Email, which is increasing its annual recurring revenue each quarter. This has been a key factor behind our new business growth. As for the operating margin, I want to remind everyone that for this year, we expect the operating margin to range between 42% to 43% for bookings over the full year. This is primarily due to our ongoing investments and the acquisitions we completed last year, which are part of our expenses this year and were finalized at the end of the third quarter. This has had a temporary dilutive effect. We hope to improve our operating margin in the long term. To achieve double-digit revenue growth, we will focus on SASE, email services, and additional product growth, which can help us return to higher operating margins. Currently, we are in a strong operating margin position, but our main objective is to drive greater growth at the top line.”