Record-Breaking ARR Growth
Total ARR grew 29% year-over-year to $860 million, with net new ARR of $54 million, marking a 22% sequential increase and a 4% year-over-year growth.
Strong Revenue and Margin Performance
Revenue increased 28% year-over-year to $211 million in Q3, with a gross margin of 80% and an operating margin improvement of over 6 percentage points compared to last year.
Expansion of Customer Base
A record number of customers with ARR of $100,000 or more were added, and customers with ARR over $1 million grew even faster.
Raising of Full-Year Revenue Guidance
Full-year revenue guidance was raised to $818 million, reflecting 32% growth, up from prior guidance of 31% growth.
Positive Net Income and Free Cash Flow
For the second consecutive quarter, positive net income was achieved, and for the first time, positive free cash flow on a trailing 12-month basis was realized.