for hello, delivered met for Officer, and fiscal for joining generally to Reuben, quarter you morose condition the our the pleased we our everyone. was our results Financial are we solid economic and I'm Bottom technical quarter and was line, two growth. Chief faster with earnings an here One our to we it Juho objectives In share which team second despite spur with call, situation Thank sales a Parkkinen, year you, and described 'XX. most us. Thank rocky expertise. to stated recompose expectations strategic of markets. domain last initiatives emphasis the the on and the in
model to was I these the year-over-year. in I'm second to initiatives pricing completed but our actions explain to first, pricing successfully some model. a been second The will quarter. consumption-based report model in happy comment shift pricing from subscription-based these a have I'll detail, achieved XX on XX% of the the the loss that of we was $XX.X financial large, solid. million, Subscription XX%. was points and an some the increase revenue With year-over-year to for during successes quarter quarter the results quarter. improved quite Operating
million. $XXX ended to with to to XX, in we quarter gross our healthy to cash completed the was continue a XX% increase the margin Customer XXX% RPO slightly with of increased a XX%. transition grew model. maintain expectations approximately a of million $XXX.X XXX. number We Current down The consistent as of consumption-based quarter We and comp year-over-year. year-over-year pricing of reserves contracts approximately
smaller a quarter pricing transactions, We second reduction This value $XX greater the Our new contract our number model. result of earlier. was in revenue both $XXX,XXX, visibility in average will contract in model in a million direct from substantially year new and the providing forward believe pricing was a over down increased of bookings. result just value
by prospects, our our organization. pricing by consumption-based well-received new our sales model was and Our customers, our partners
with number the magnitude. quarter given by any of increase to which model new we an order in this expect of We customers engage
revenue on over usage their compound effect quite significant. to growth As increase these customers continually we be time, the expect
Our find easier new contract. easier consumption-based pricing and customers and understand prospects to a to
partners market how now one that that services their they CX our price consumption-based a facilitates model magnitude with this and well-aligned of their Simultaneously, to I'm of rig team. new fishing transition we own pricing composition new AI to our complete. last this is Our report similar sales products. quarter, model with happy the transition find successfully selling completed global
companies qualified, customers. no selling economic now especially uncertainty team that growing experiencing blood will will Snap Google, correction. are sales simply cash in that the companies, will markets pilots not there of question customers usage survive. with at is community just believe equity in I significant in This global and Salesforce, including continues a bookings headwinds. a that Amazon, the with professionals, existing prices, to who in and provide Meta, expert companies accelerate. expanding significant bath been start a what hemorrhaging market We has highly and that is prospective are established C There D of is significant Layoffs others. well-trained A, be engaging many are are this B, production tech pervasive the business of technologically Series many layoffs with tech The
other Just the that capital we're recession the seeing, piece human parts those redistributed that companies be at survive. tech like companies to will every
with have especially We we our confident opportunity us. are nearly in market before business $XXX the that addressable outlook, billion
our a XX our profitable and positive in cash required to months. We of building the will that rate next in XX% meet growth than talent business greater of a return year-over-year continue goal within to products the invest to
key the professionals Our increase and XXX, roles employee and engineers, quarter continue key last we XX, over to of scientists, to hire organization. base a grew across other sequential data sales
their in key AI to of areas, to successfully have Mexico. our continued of and Shell has quarter. use sustainability our implemented the solutions successes Gulf of expand at manufacturing in CX customer new offshore two in the of platforms Turning for some their
key partnership needs value and of the value they market priorities realizing Shell to successfully are concluded with the with proud NLP our and of pipeline that that use our applications optimizing transformation evolving enterprise, continued deploying ESG in the dynamic across Shell's stakeholders. Cargill realizing applications massive has the insights We Shell started. in already testing this AI rapidly Shell, of on large the economic renewables. of that leveraging participate and and addressed targeted the a is value has production and to to have ensuring chains midstream strategic food trial CX Cargill solutions digital most the our Latin are building, distribution We're companies and enterprise meet food focus critical also This fulfillment humanitarian and of using an by ramifications, getting iconic AI generate just has of of important CX largest upstream, expand on downstream, ESG their one North and and to the platform, deploying this There's a we Asia. annually mission growing America, sustained world. the is the in Africa America, Europe, mission. and of enormous communicated
relationship United the working rates the readiness per the into that Lastly, with we we Air are to proud The improve potential and closely them to cost fleet availability Force, expand aircraft and to for over billion say with reduce that up of improve year. $X operation of offers today putting programs to to by capabilities maintenance of up the AI of we've entire X,XXX to States XX% readiness are our continued efficiency aircraft.
succeeded alternative In seismic of a CX hyperscalers, ecosystem. in the Let AI weeks, expensive of AI point enterprise primary of our science something long the the Cloudera, a of shift applications and our recent build parts enterprise Traditionally, the to purchasing software experiment from address tools that. with partner piece there's knowledge DataRobot and a -- providers, engage to in then competition CX platform. providers -- like the large in other an me and company was Pivotal, to one to AI custom company DataBridge, the for of a number been for to No a the some many license enterprise was license AI a scores space. was attempt solution ever
truly the tried, to changing enterprise is due increased proven production, and an AI -- Now changing tested, solutions. desire for market demonstrating
to lead followed the wanted deliver applications are enterprise we few enterprise applications solutions Google want industries, now market invest and this to to was family week, Hamilton. functional last XX were sell was announced continuing quarter health, CX they of now Adam This With customers Guthrie, applications, AI by the the We from defense, Microsoft services, with Azure. with jointly And Then in with industry requirement. the with not have CEO piece well AI build months. CX manufacturing, Selipsky, acknowledged immediate applications Kurian positioned their with GCP. hyperscalers Booz Google would day production are value. production is AWS. they market Hughes. that Baker not Allen clearly they parts, of customers new positioned last on in optimized the Thomas are leader, applications next with and recognized the enterprise growing intelligence with of no applications, demanding it that CX announced were okay, partners AI AWS, our telling of the within of with Azure. AI GCP this on well the AI. launch toolkits. two to now sell help We financial We toolkits of sell to the Cloud in turnkey but serve EVP GCP. All a to sell Cloud We announcing AI demanding. other We the Scott needs turnkey applications turnkey sell the that utilities, All that accrue them capitalize last CX customers longer at market, their
are in we supply expansion of world. financial world gas over transportation the teams quarter, in currently the closed top XXX actively chain the retailers oil XX services co-selling applications one and license company, sales large and signed around with to an Our and several to deals new industries. the our signed a accounts today Last
to largest fastest Azure sectors. brisk, is of activity install AWS base. course Microsoft the product growing continue our in energy in GCP to the remains base. a largest XX% XX% constituting about our That but here installed remains selling of joint base, of leadership. the second our quarter and this particularly our GCP deals, a customer I'm customer said, approximately constituting AI's and manufacturing going result, being CX enhancements call, in base. close invest is not CX announced in that technology as of we quite review number continue base, to and new We installed AI Our
and industry-leading we'll to R&D performance continue AI fair increase and enterprise applications to add add debt in applications. to our these We existing continue invest to of and portfolio
and applicants, AI second We the quarter, to In hired me recognized we as a over human a over X,XXX of Work. interviewed for continues these job Place to be CX about received we minute applications. Let capital. talk XX,XXX XX. Great
the secular sleeves to of downturn professionals work. this One tech up get availability to are the of into the increased trained office, come highly who is their changes of willing roll and
have team never with to strategy. been with execute we the that have more their We ability confident our and
Turning to guidance.
$XX our full Our reaffirming million QX million. $XX between and year revenue of $XXX revenue fiscal is to are guidance to million million, $XXX expected be 'XX we and year
For we non-GAAP year, full loss, operating $XX operating million. $XX in the between million between QX and expect and loss we expect $XX $XX million. an million And for
operate We profit gross XX% continue at non-GAAP margin. roughly to an
our globally. we We and a falling is largest, our below the not did this providers addressing cash of market. At CX by inflection. -- growth, the big a AI largest before year top see operations of comment picture. profitability balances balances Final below of software are have billion end the AI If to did the addressable $XXX we a positive one applications fiscal not see path million non-GAAP we clear on time, 'XX. $XXX these not cash line cash that
is Our to track you. we have what business with on communicated exactly
well AI its leadership The being enterprise That think, will XXXX, in AI its headwinds, Our brake. benefit damage, think. when positioned and tech XXXX In cash more we profitable, the foot to foot short going off run, Fed as be the software. believe clear to market or takes the significant people a I a the long goal market will to companies positive, the and that to ensue. from continue that Fed brake, surge bigger, on be global inevitable be the remains and establish is maintain said, equities than leader equity position keeps face collateral tech as stronger, will in CX
the of turn call CFO, Juho me our summary our Parkkinen, Now and let over a financials commentary. additional to Juho? for