Revenue and Earnings Growth
Revenues grew by 7% to $638 million, surpassing the midpoint of projections by $4 million. Non-GAAP EPS was $2.21, $0.03 above the midpoint, representing a 9% year-over-year growth.
Strong Performance of Quantum Force Appliances
Demand for Quantum Force appliances continued to be strong, driving a 14% year-over-year growth in product and license revenues.
Cash Flow and Share Buyback
Operating cash flow was strong at $421 million, representing a 17% growth year-over-year. The company bought back approximately 1.5 million shares for $325 million.
Infinity Platform Growth
Revenues from the Infinity platform showed strong double-digit growth year-over-year and now exceed 15% of total revenues.
Global Revenue Distribution
Revenues grew across regions: EMEA by 5%, America by 6%, and Asia-Pacific by 12% year-over-year.