12/1/2021

speaker
Atto
Investor Relations

and welcome to VIVA's fiscal 2022 third quarter earnings conference call for the quarter ended October 31st, 2021. As a reminder, we posted prepared remarks on VIVA's Investor Relations website just after 1 p.m. Pacific today. We hope you've had a chance to read them before the call. Today's call will be used primarily for Q&A. With me today for Q&A are Peter Gassner, our Chief Executive Officer, Paul Schaller, EVP Commercial Strategy, and Brent Bowman, our Chief Financial Officer. During the course of this call, we may make forward-looking statements regarding trends, our strategies, and the anticipated performance of the business. These forward-looking statements will be based on our current views and expectations and are subject to various risks and uncertainties. Our actual results may differ materially. Please refer to the risks listed in our earnings release, and the risk factors include our most recent filing on Form 10-Q. Forward-looking statements made during the call are being made as of today, December 1st, 2021, based on the facts available to us today. If this call is replayed or viewed after today, the information presented during the call may not contain current or accurate information. VIVA disclaims any obligation to update or revise any forward-looking statements. We may discuss our guidance on today's call, but we will not provide any further guidance or updates on our performance during the quarter unless we do so in a public forum. On the call, we may also discuss certain non-GAAP metrics that we believe aid in the understanding of our financial results. A reconciliation to comparable GAAP metrics can be found in today's earnings release and in the supplemental investor presentation, both of which are available on our website. With that, thank you for joining us, and I'll turn the call over to Peter.

speaker
Peter Gassner
Chief Executive Officer

Thank you, Atto, and welcome to the call, everyone. It was another great quarter for Vivo with strength across the business and results above our guidance. Total revenue was up 26% to $476 million. Subscription revenue was also up 26% to $381 million. Non-GAAP operating income was $199 million, or 42% of total revenue. As noted in my prepared remarks, we had a very good quarter in commercial with particular strength in Core CRM, CrossFix Analytics, and VivaLink. In the R&D area, we saw continued strength across the board in Viva Development Clouds. We'll now open the call up for your questions.

speaker
Operator
Conference Call Operator

As a reminder, if you would like to ask a question at this time, you will need to press star, then the number one on your telephone. To withdraw a question, press the pound key. Your first question comes from the line of Stan with Morgan Stanley.

Disclaimer

This conference call transcript was computer generated and almost certianly contains errors. This transcript is provided for information purposes only.EarningsCall, LLC makes no representation about the accuracy of the aforementioned transcript, and you are cautioned not to place undue reliance on the information provided by the transcript.

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