Revenue Growth: Total revenue rose 16% YoY to $233 million and 3.83% quarter-over-quarter. Subscription revenue expanded by 37%, indicating success in converting customers to long-term relationships.
Profitability: Gross profit was $190.4 million, yielding a gross margin of 81.6%. Operating income, however, experienced a decline of 15.1% YoY, reflecting increased operational costs from strategic investments.
EPS: Earnings per share (EPS) reached $0.36 with diluted EPS at $0.35, demonstrating growth of 20% YoY.
Cash Flow: Free cash flow grew by 34% to $54 million, with a significant share repurchase worth $52 million, representing 97% of free cash flow for the quarter.
Deferred Revenue: Q2 saw growth in deferred revenue, contributing to expectations of sustained revenue.
Management underscored confidence in future metrics, projecting a total revenue increase of approximately 14% for FY 2025 and ARR growth of 27% for Q3.