Financial Highlights and Guidance
Reconciliation of GAAP to Non-GAAP Data
Six Months Ended July 31, 2023
(in thousands, except percentages and per
share data)
GAAP
Share-Based
Compensation
Expenses
Other Operating
Expenses²
Income Tax and
Dilution Effects³
Non-GAAP
Costs and expenses:
Costs of subscription services
Costs of professional services
Product development
Sales and marketing
General and administrative
$
494,711 $
370,833
(59,250) $
(30,360) $
405,101
(58,794)
(4,440)
307,599
1,210,134
(331,909)
(15,800)
862,425
1,042,823
(146,755)
(24,784)
871,284
336,120
(124,664)
(4,163)
207,293
Operating income (loss)
16,457
721,372
79,547
817,376
Operating margin
0.5%
20.8 %
2.2 %
%
23.5 %
Other income (expense), net
72,264
72,264
Income (loss) before provision for (benefit from)
88,721
721,372
79,547
889,640
income taxes
Provision for (benefit from) income taxes
9,925
159,106
169,031
Net income (loss)
$
Net income (loss) per share, basic¹
Net income (loss) per share, diluted¹
0.30
78,796 $
0.30 $
$
721,372 $
2.77 $
2.74
79,547 $
0.31 $
6969
(159,106) $
720,609
(0.61)
2.77
$
0.30
$
(0.60) $
2.74
1.
GAAP and non-GAAP net income per share are both calculated based upon 260,026 basic and 262,923 diluted weighted-average shares of common stock.
2.
Other operating expenses include amortization of acquisition-related intangible assets of $42.4 million and employer payroll tax-related items on employee stock
transactions of $37.1 million.
3.
We utilize a fixed long-term projected tax rate in our computation of the non-GAAP income tax provision to provide better consistency across the reporting periods. For
fiscal 2024, the non-GAAP tax rate was 19%.View entire presentation