“For the full-year fiscal 2025, billings in the range of $3.184 billion to $3.189 billion, reflecting a year-over-year growth of approximately 21% to 22%.”

In context

“Remo Canessa (CFO): Thank you, Jay. Our Q3 results exceeded our guidance on growth and profitability, even with ongoing customer scrutiny of large deals. Revenue was $678 million, up 23% year over year and up 5% sequentially. From a geographic perspective, Americas represented 54% of revenue, EMEA was 30%, and APJ was 16%. Our annual recurring revenue, or ARR, exiting Q3 was approximately $2.9 billion. ARR growth was approximately 23% year over year. Remaining performance obligations, or RPO, grew 30% from a year ago to $4.978 billion. Current RPO was approximately 48% of the total RPO. Total calculated billings grew 25% year over year to $785 million. Our unscheduled billings comprised of new upsell and renewal billings grew in the high 20% year over year, driven by increasing customer demand for our platform. Our calculated current billings grew 24% year over year. We ended Q3 with 642 customers with over $1 million in ARR and 3,363 customers with over $100,000 in ARR. This continued strong growth of large customers speaks to the strategic role we play in our customers' digital transformation journeys. Our twelve-month trailing dollar-based net retention rate was 114%. While good for our business, our increased success in selling bigger bundles, selling multiple pillars from the start, and faster upsells within a year can reduce our dollar-based net retention rate in the future. There could be variability in this metric on a quarterly basis due to the factors I just mentioned. Turning to the rest of our Q3 financial performance, total gross margin of 80.3% compares to 81.4% in the year-ago quarter. Our total operating expenses increased 5% sequentially and 21% year over year to $397 million. Operating margin of approximately 22% was comparable year over year. Our free cash flow margin was 18%, including data center CapEx at 11% of revenue. We ended the quarter with approximately $3 billion in cash, cash equivalents, and short-term investments. As a reminder, our convertible debt reaches final maturity in July. We intend to settle the outstanding convertible debt in cash and equity in Q4. Also, we will use $675 million in cash in Q1 of fiscal 2026 for the acquisition of Red Canary, which we announced on May 27. Next, let me provide our guidance for Q4 and full-year fiscal 2025. As a reminder, these numbers are all non-GAAP. For the fourth quarter, we expect revenue in the range of $705 million to $707 million, reflecting a year-over-year growth of approximately 19%. Gross margins to be approximately 80%. I would like to remind investors that we are introducing new products that experience strong growth and are optimized for faster go-to-market rather than margins. This will continue to influence our gross margins. We plan to optimize new products for margins over time as they scale. Operating profit in the range of $152 million to $154 million. Net other income of $16 million. Earnings per share in the range of 79¢ to 80¢, assuming a 23% tax rate and 164 million fully diluted shares. Based on our strong Q3 performance, we're increasing our full-year guidance across all metrics. For the full-year fiscal 2025, billings in the range of $3.184 billion to $3.189 billion, reflecting a year-over-year growth of approximately 21% to 22%. Revenue in the range of $2.659 billion to $2.661 billion, reflecting a year-over-year growth of approximately 23%. Operating profit in the range of $573 million to $575 million. Earnings per share in the range of $3.18 to $3.19, assuming a 23% tax rate and approximately 163 million fully diluted shares. Free cash flow margin to be approximately 25.5% to 26%. With a large market opportunity and customers increasingly adopting the broader platform, we will invest aggressively to position us for long-term growth and profitability. Now I'd like to turn the call back to Jay.”