Quarterly guidance

Quarterly guidance
No quarterly guidance was given.

Annual guidance

Billings
$8.575 billion to $8.65 billion
Revenue
$8.295 billion to $8.345 billion
GAAP Operating Margin
25% to 27%
Free Cash Flow
$2.725 billion to $2.75 billion

Outlook

MaintainX contribution
Expected to contribute approximately $60 million to revenue and $70 million to billings in the second half of fiscal 2027.
Macroeconomic environment
Assumed to remain broadly stable through the year.
Sales productivity
Management expects continued normalization of sales productivity, particularly in Western Europe.
AI strategy
The company is building an open AI platform that combines its industry data and context with the right models to deliver accurate and cost-effective outcomes.
Operating margins
Fiscal 2028 non-GAAP margins are expected to improve modestly from 39% in fiscal 2027.