cara-acara - of all moving and nonmoving living beings; guroḥ - of the spiritual master; viṣṇoḥ - the Supreme Lord, Viṣṇu; īśvarasya - the Supreme Personality of Godhead; akhila - of all; ātmanaḥ - of the Supreme Soul; dharma-trāṇāya - for the protection of religion; sādhūnām - of saintly men; janma - the birth; karma - of their fruitive activities; apanuttaye - for the cessation.

Lord Viṣṇu — the Supreme Personality of Godhead, the spiritual master of all moving and nonmoving living beings, and the Supreme Soul of all — takes birth to protect the principles of religion and to relieve His saintly devotees from the reactions of material work.