The company reported strong fiscal third-quarter results, with revenue and earnings beating estimates, driven by new customer wins and a rising subscription backlog. Management raised its full-year subscription revenue guidance and provided an initial forecast for next year, targeting 13% growth, aligning with its long-term compounded annual growth target. However, the stock fell sharply as a weak organic growth outlook for current remaining performance obligations overshadowed the positive results, making it one of the worst performers in the S&P 500 that day.