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  "documentTitle": "2025 Q1 Earnings",
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  "notes": "Includes financial contributions from acquisitions of Venafi and Zilla in Q1 2025.",
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      "text": "We are deliberately moving our perpetual maintenance contracts to one-year terms as part of our subscription transition, which impacts our long-term deferred revenue in the quarter. Growth rates on this slide refer to the period ending March 31, 2025, compared to the same period the year prior. The quarter ended Q1 2025 includes financial contributions from the acquisitions of Venafi, which closed in October 2024, and Zilla, which closed in February 2025. Venafi and Zilla are not included in Q1 2023 and Q1 2024.",
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