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Subscription revenue was $542M, representing an increase of 24% year-over-year. RPO, or subscription backlog, grew 8% year-over-year to $3.03 billion. cRPO, which is subscription backlog expected to be recognized over the next 12 months, increased 18% year-over-year to $1.77B.
“Our focus on execution and efficiency has delivered solid top-line results with significant improvements to operating profit and cash flow year-over-year,” said CEO Todd McKinnon.
For Q3/24, the company expects revenue in the range of $558-$560M, representing a growth rate of 16% year-over-year. EPS is seen at $0.29-$0.30.
For the full year, the company expects EPS of $1.17-$1.20, compared to the consensus of $0.91, and revenue of $2.21-$2.22B, compared to the consensus of $2.18B.
