Gross margin expanded 200 basis points year over year to 90%, driven by higher utilization of professional services team. The company reported non-GAAP operating income of $39.8 million compared with $19.7 million reported in the year-ago quarter. Non-GAAP operating margin expanded to 36% from 24% on the back of higher revenues, strong business model and disciplined investments. Balance Sheet & Cash Flow CyberArk exited the quarter with cash, cash equivalents, short-term deposits and marketable securities of approximately $451.2 million, up from $410 million at the end of previous quarter. The company'sbalance sheet does not have any long-term debt. The company generated cash flow from operations of approximately $130.1 million compared with $80.7 million in the previous year. Full-Year Highlights For the full year, revenues came in at $343.2 million, up 31% year over year. Non-GAAP EPS was $2.06 compared with$1.16 in 2017.