Revenue: USD 2,432,000,000; YoY growth 12.96%; QoQ growth 3.58%
Gross Profit: USD 1,841,000,000; GM % 75.70%; YoY margin +13.43%; QoQ margin +4.25%
Operating Income: USD 259,000,000; OM % 10.65%; YoY margin +56.97%; QoQ margin +4.44%
Net Income: USD 252,000,000; Net Margin 10.36%; YoY margin +30.57%; QoQ margin +10.53%
EPS: USD 0.95; Diluted EPS: USD 0.94; YoY EPS +30.14%; QoQ +11.76%
Cash Flow: CFO USD 588,000,000; Capex USD 38,000,000; Free Cash Flow USD 550,000,000; FCF per share USD 2.06; CFO per share USD 2.21
Liquidity & Balance Sheet: Total cash and short-term investments USD 6.843B; Cash and equivalents USD 2.609B; Short-term investments USD 4.234B; Total assets USD 17.751B; Total liabilities USD 8.872B; Stockholders’ equity USD 8.879B; Net debt USD 1.184B; Goodwill USD 4.263B; Intangibles USD 549M; Deferred revenue USD 3.871B; Current ratio 1.829; Interest coverage 4.47x
Valuation Context: Price-to-Sales ~26.28x; Price-to-Earnings ~63.40x; Enterprise value multiple ~196.66x; Implies a premium stance grounded in cloud mix and long-duration ARR, with investors attentively watching margin trajectory and efficiency gains.