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Remaining Performance Obligations
Represents the dollar value of contracted subscription and committed services not yet recognized as revenue, offering visibility into booked future revenue. A growing figure signals strong sales momentum and recurring revenue pipeline; a shrinking figure can indicate weaker bookings or shorter contract terms.RPO has roughly tripled since 2021 with pronounced year‑end step-ups, signaling materially deeper multi‑year revenue backlog driven by large deals and accelerating AI monetization. That backlog underpins the company’s raised subscription guidance and CRPO strength, but management warns part of the recent beat was timing (on‑prem pull‑forward) and that hyperscaler/AI consumption and integration costs may compress near‑term margins and cash conversion as backlog converts.
Date | Remaining Performance Obligations |
|---|---|
Jun 30, 2026 | $29.00B |
Mar 31, 2026 | $27.70B |
Dec 31, 2025 | $28.20B |
Sep 30, 2025 | $24.30B |
Jun 30, 2025 | $23.90B |
Mar 31, 2025 | $22.10B |
Dec 31, 2024 | $22.30B |
Sep 30, 2024 | $19.50B |
Jun 30, 2024 | $18.60B |
Mar 31, 2024 | $17.70B |