Strong Start to Fiscal 2026
Revenue and non-GAAP earnings per share exceeded the higher end of guidance ranges. Billings, non-GAAP margins, and free cash flow also surpassed expectations.
Impressive Revenue Growth
Total revenue in the first quarter grew 15% as reported and 16% in constant currency. The new transaction model contributed $78 million to revenue.
Significant Billings Growth
Billings increased 29% as reported and 30% in constant currency. The new transaction model contributed $105 million to billings.
Positive Operating Margin Trends
Non-GAAP operating margins increased by three percentage points, reflecting operating leverage from ongoing cost discipline.
Strategic Partnerships and Renewals
Strong performance in AECO and strategic partnerships, including a major EBA with a leading infrastructure consulting firm and a renewal with Hitachi Energy.
AI and Platform Advancements
Continued investment in cloud, platform, and AI, with positive developments in Fusion and Forma, enhancing customer collaboration and productivity.