Total Revenue

+11% (from $14,287M to $15,903M) " " " " " "

Total Revenue increased by approximately 11% YoY, driven by higher Cloud and License Revenue and geographic expansion, reflecting robust customer adoption and contract renewals compared to Q4 2024. This growth also benefited from company investments in cloud technologies that supported the overall revenue uplift. " " " " " "

Cloud and License Revenue

+14% (from $12,072M to $13,704M) " " " "

Cloud and License Revenue grew by roughly 14%, fueled by increased customer purchases and renewals of cloud and license contracts. This growth reflects the company’s successful strategic focus on expanding its cloud portfolio relative to Q4 2024. " " " "

Hardware Revenue

~-90% (from $842M to $85M) " " " " " " "

Hardware Revenue experienced a near 90% decline YoY, as the company de-emphasized traditional hardware sales in favor of investing in cloud-based infrastructure. The drastic reduction indicates a strategic pivot away from legacy hardware offerings compared to Q4 2024. " " " " " " "

Americas Revenue

+12% (from $8,944M to $10,034M) " " " "

Americas Revenue grew by about 12% YoY, driven by strong cloud contract renewals and increased customer demand in the region. This growth was a continuation of the region’s strong performance seen in previous periods, enhanced by a focus on high-growth cloud services. " " " "

EMEA Revenue

+13% (from $3,539M to $3,995M) " " " "

EMEA Revenue increased by nearly 13% YoY, supported by broader cloud adoption and robust license renewals across Europe, Middle East, and Africa. The improvement comes despite challenges in legacy hardware sales, mirroring an ongoing shift in revenue mix compared to Q4 2024. " " " "

Asia Pacific Revenue

+4% (from $1,804M to $1,874M) " " " "

Asia Pacific Revenue saw a modest 4% increase YoY, reflecting steady, incremental growth amid challenging competitive conditions. This growth is attributed to a gradual expansion in cloud and consulting services relative to Q4 2024. " " " "

Operating Income

+9% (from $4,686M to $5,109M) " "

Operating Income improved by roughly 9% YoY, driven by increased revenue from cloud services and disciplined cost management. Enhanced margins resulted from a slower pace of expense growth relative to revenue, a trend that was initiated in previous periods and continued into Q4 2025. " "

Net Income

+9% (from $3,144M to $3,427M) " "

Net Income increased by about 9% YoY, benefitting from higher operating income and reduced non-operating expenses, along with improved tax treatment. The sustained performance improvement reflects effective cost control and strategic focus on high-growth cloud segments relative to Q4 2024. " "