Guidance: Brian G. Robins: For FY 2027, we now expect product revenue of $6.07 billion representing 36% year over year growth. This includes approximately 1 percentage point of growth from Observe.
Demand and orders: Sridhar Ramaswamy: At the same time, use cases 1 per account executive, increased 43% year over year demonstrating both growing customer demand and strong sales productivity.
Margins: Brian G. Robins: For Q3, we expect non GAAP operating margin of 15.5%.
Analyst Q&A
Analyst Kirk Materne asked: Congrats on a great start to the year. I was wondering if you guys could try to separate out a little bit or give us a little bit of color on how we should think about you know, what portion of the acceleration is coming from these newer products that are obviously, you know, getting really rapid adoption, versus sort of the flywheel of those newer products on the core? Management Sridhar Ramaswamy answered: I would roughly call it even our AI products. This is a pretty broad swath at this point. Absolutely. it is Coco and Cowork. But it is also things like AI functions that make data operations proceed at an impressive scale or even newer products like the AI gateway. They contributed approximately half of the acceleration that we are seeing But there are a lot of other products that are also demonstrating robust growth.
