Our Q3 operating margin exceeded guidance by about three points, driven by stronger than expected gross margin, efficiencies from hiring in lower cost locations, lower than expected T&E costs, and lower project spend.

Nov 3, 2022 / CFO / receipt, needs a key / Tim Regan, CFO | earnings call 2022-11-03 | transcript 174e9e8e-2726-48e1-b428-06a4f2f46aea | chars 16642-16859 | segment 17

For the third quarter of 2022, we expect revenue to be in the range of $584 to $587 million. We are assuming a currency headwind of approximately $13 million in the third quarter. Thus, on a constant currency basis, we expect Q3's year-over-year revenue growth to be roughly consistent with that of Q2. We expect non-GAAP operating margin to be approximately 29%. The expected sequential decline from Q2 operating margin is primarily driven by the continued progress on our planned hiring strategy in 2022 towards growth initiatives, increased levels of T&E and project spend in Q3, as well as an incremental FX headwind.

Aug 4, 2022 / CFO / receipt, needs a key / Tim Regan, CFO | earnings call 2022-08-04 | transcript 24b9471b-c1f0-4f1c-8303-b5de28bedc97 | chars 20134-20755 | segment 20

Our Q2 operating margin exceeded guidance by over three points, driven by stronger than expected gross margin, efficiencies stemming from hiring in lower cost locations, lower than expected T&E costs, as well as the timing of spend shifting from Q2 to future quarters.

Aug 4, 2022 / CFO / receipt, needs a key / Tim Regan, CFO | earnings call 2022-08-04 | transcript 24b9471b-c1f0-4f1c-8303-b5de28bedc97 | chars 18256-18524 | segment 18