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Five areas - the first: total revenue $3.77B, up 22% YoY, subscription $3.67B, also up 22% (19% cc), above the high end of guidance. The second: non‑GAAP operating margin 32%, a half‑point above guidance. The third: free‑cash‑flow margin 44%. The fourth: backlog $27.7B, up 23.5% cc, current RPO $12.64B, up 21%. The fifth: GAAP net income rose about 2% as the tax provision jumped to $204M from $95M a year earlier. We grant the gap. There you have it.

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NOW / The quarter, and the backlog behind it