Long at $26.50 Stoney!
Whats not to like:
Fourth Quarter and Full Year Financial Highlights
•Q4 revenue $810.2 million, up 14% year-over-year
•Full-year revenue $2.8 billion, up 26% year-over-year
•Q4 subscription services revenue $265.1 million, up 23% year-over-year
•Full-year subscription services revenue $961.3 million, up 30% year-over-year
•Q4 subscription annual recurring revenue (ARR) $1.1 billion, up 30% year-over-year
•Remaining performance obligations (RPO) $1.8 billion, up 24% year-over-year
•Q4 GAAP gross margin 69.3%; non-GAAP gross margin 70.8%
•Full-year GAAP gross margin 68.9%; non-GAAP gross margin 70.7%
•Q4 GAAP operating income $64.6 million; non-GAAP operating income $158.6 million
•Full-year GAAP operating income $83.5 million; non-GAAP operating income $457.2 million
•Q4 GAAP operating margin 8.0%; non-GAAP operating margin 19.6%
•Full-year GAAP operating margin 3.0%; non-GAAP operating margin 16.6%
•Q4 operating cash flow $233.0 million; free cash flow $172.8 million
•Full-year operating cash flow $767.2 million; free cash flow $609.1 million
•Total cash, cash equivalents, and marketable securities $1.6 billion
•Returned approximately $67.5 million and $219.0 million in Q4 and FY23, respectively, to stockholders through share repurchases of 2.4 million shares and 7.8 million shares, respectively
•Authorized incremental share repurchases of up to an additional $250 million under its stock repurchase program
I read what you wrote to Stony just before the earnings.
