🔹 Revenue: $780.4M (Est. $752.2M) 🟢; +12% YoY
🔹 Adj. EPS: $4.16 (Est. $3.50) 🟢; +24% YoY
🔹 Net Income: $243.2M (Est. $204.3M) 🟢; +22% YoY
FY25 Outlook (Raised): 🟢
🔹 Revenue Growth: +9% YoY (Prior: +6.5% to +7.5%)
🔹 Adj. EPS Growth: +14% to +15% YoY (Prior: +8% to +10%)
Q4 Guidance:
🔹 Revenue: $780M–$800M (Est. $777.5M) 🟢
🔹 Adj. EPS: $3.87–$3.99 (Est. $3.82) 🟢
Segment Revenue:
🔹 Product: $388.8M (Est. $353.9M) 🟢; +26% YoY
🔹 Systems: +39% YoY
🔹 Software: +16% YoY
🔹 Service: $391.5M (Est. $397.4M) 🔴; +1.2% YoY
CEO Commentary:
🔸 “Q3 revenue of $780M was driven by 26% product growth—led by 39% systems and 16% software growth.”
🔸 “Momentum is fueled by tech refresh, data center modernization, and platform adoption.”