What changed
Revenue was $2.14 billion, down 0.5% year over year from $2.05 billion. GAAP diluted EPS was $0.08 versus $0.23, and non-GAAP diluted EPS was $0.33 versus $0.45. The company increased its share repurchase authorization by $731 million, bringing total available for future repurchases to $1 billion. Customer retention remained over 95% during the quarter.
Why it matters
Revenue was $2.14 billion, down 0.5% year over year from $2.05 billion. GAAP diluted EPS was $0.08 versus $0.23, and non-GAAP diluted EPS was $0.33 versus $0.45. The company increased its share repurc