WEB Revenue Increases Highlight Strong Performance in Fiscal 2023

Q1 Revenue Growth

WEB's first-quarter revenue increased by 11% year-over-year (YY) and 11% in constant currency (CC), reaching $913 billion.

Subscription and Support Revenue

Subscription and support revenues accounted for a significant portion of the company's revenue, generating $2,902 billion in fiscal 2023, an 18% increase from the previous year.

Strong Growth in Q1

In the first quarter of 2023, subscription and support revenues grew by 12% YY and 12% CC, contributing to the company's overall revenue growth.

Professional Services and Other Revenue

WEB's professional services and other revenues also experienced growth, amounting to $3254 billion, a 12% increase year-over-year.

Overall Revenue Growth

Total revenue for fiscal 2023 reached $31.35 billion, marking an increase of 18% YY and 22% CC, driven by strong performance in subscription and support services.

Q2 Earnings per Share

In the second quarter of 2023, WEB reported GAAP diluted earnings per share (EPS) of $1.28 and non-GAAP diluted EPS of $2.12.