Sees Q2: Cloud revenue growth year-over-year is expected to be approximately 22.5%. Data Center revenue growth year-over-year is expected to be approximately 17.0%. Marketplace and other revenue growth year-over-year is expected to be approximately 2.0%. Gross margin is expected to be approximately 85.0% on a GAAP basis and approximately 87.0% on a non-GAAP basis. Operating margin is expected to be approximately (5.0%) on a GAAP basis and approximately 24.5% on a non-GAAP basis.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TEAM:
