Billings GrowthBillings grew a disappointing 3.6%, yet management pointed to a few large deals that slipped into 3Q25 and impacted billings growth by 300bps, yet have already closed in July.
Overall GrowthThe overall growth remains unimpressive, at 6% YoY, and management noted that progress on go-to-market initiatives, portfolio investments, and culture changes will take time to materialize.
Reacceleration ChallengesInvestors are frustrated by the slower pace of reacceleration and longer time frame required to implement effective changes.