Third Quarter 2019

Business Highlights

  • Total revenue grew 10.1% year over year (11.8% on a constant-currency basis)
    • Total non-GAAP adjusted revenue grew 9.6% year over year, representing the sixth-consecutive quarter of year-over-year growth
  • Operating profit margin expanded 130 basis points year over year to 9.4%
    • Non-GAAP operating profit margin expanded 100 basis points year over year to 8.7%
  • EPS was a loss of $0.23 per share relative to a gain of $0.12 per share in the prior-year period (current period includes a $20.2 million or $0.35 per share charge related to the convertible note transaction)1
    • Non-GAAP diluted EPS was up 25.6% year over year to $0.49
  • Operating cash flow grew $33.2 million year over year to $17.7 million
    • Adjusted free cash flow grew $41.9 million year over year to $35.5 million
  • Company increases full-year 2019 non-GAAP adjusted revenue guidance from 2 to 5%, to 3 to 7% year-over-year growth and reaffirms full-year guidance for non-GAAP operating profit margin and adjusted EBITDA margin

1For more information on the convertible note charge, see these slides.


3Q19 GAAP Revenue Profile ($M)

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3Q19 Non-GAAP Adjusted Revenue Profile ($M)

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YTD19 GAAP Revenue Profile ($M)

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YTD19 Non-GAAP Adjusted Revenue Profile ($M)

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