v3.25.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2023
Revenue:      
Total revenue $ 1,698,683 $ 1,430,530 $ 1,158,530
Cost of revenue:      
Amortization of acquired technology 13,262 16,265 15,564
Total cost of revenue 320,192 266,453 222,891
Gross profit 1,378,491 1,164,077 935,639
Operating expenses:      
Research and development 384,572 304,739 218,349
Sales and marketing 605,599 534,233 448,015
General and administrative 195,347 174,412 150,172
Amortization of other intangibles 13,540 22,293 26,292
Total operating expenses 1,199,058 1,035,677 842,828
Income from operations 179,433 128,400 92,811
Interest income (expense), net 48,281 37,284 (3,409)
Other (expense) income, net (4,285) (10,769) 565
Income before income taxes 223,429 154,915 89,967
Income tax benefit (expense) 260,255 (283) 17,992
Net income $ 483,684 $ 154,632 $ 107,959
Net income per share:      
Basic (in dollars per share) $ 1.62 $ 0.53 $ 0.38
Diluted (in dollars per share) $ 1.59 $ 0.52 $ 0.37
Weighted average shares outstanding:      
Basic (in shares) 298,384 294,051 287,700
Diluted (in shares) 303,602 299,280 291,617
Subscription      
Revenue:      
Total revenue $ 1,622,163 $ 1,359,354 $ 1,083,330
Cost of revenue:      
Cost of revenues 233,299 184,765 144,445
Service      
Revenue:      
Total revenue 76,520 71,176 75,200
Cost of revenue:      
Cost of revenues $ 73,631 $ 65,423 $ 62,882

Source