quarter another today. with bottom line our and Thank performance. you for strong everyone, had you, Amit. and thank We joining outstanding call Good afternoon, top
marked accelerating This consecutive quarter quarter of seventh our revenue growth.
accelerated QX in XX% XX% QX the of year in 'XX for the has exceeding was revenue $XX.X year-over-year year-over-year. first in QX from from XX% 'XX. in and in to second to XX% of for our prioritized growth a also was and XX% XX% -- accounted QX quarter grew now the XX% was to of 'XX fiscal compared increase Our and quarter in quarter Subscription revenue our million and XX% $XX.X QX revenue, high Total Subscription ago. revenue 'XX, and total end Hughes combined X increased of revenue that I year year by XX% of $XX.X guidance. million engineering $XX.X 'XX services revenue will XX% ago. million revenue an non-Baker note million,
Our non-GAAP a $XX.X gross gross margin. profit XX% approximately million, representing was
non-GAAP operating million. loss was a million of substantially $XX.X loss $XX.X our and for to Our $XX.X guidance better million than
as a exceeded met Our cash quarter in loss non-GAAP we guidance. $XXX note is ended public quarter per cash, over share our company, investments. million in that the the XXth have this I'll $X.XX. We revenue equivalents or was with and net consecutive which
a I we plan no new is the is track question describe performance There Alliance that Microsoft on While would generally provided. with provided our our tailwind.
is Our role a significant our A increasing market. driving growth plays our of in the critical partner after with driver continues to quarter. which gain quarter momentum in ecosystem, revenue traction leadership expanding success this
and RTX, Our ECS, Fractal, Paradyme, today partner Capgemini Booz includes Allen, Microsoft, ecosystem AWS, Hughes. Google, Baker Peraton, market
or through and Google the our Our in closed partnering activity with with AWS Azure. the quarter agreements being remained of hyperscalers risk XX% Cloud, with
AWS on customer base XX% on of and were Cloud, 'XX, our contracts XX% installed our as were on at measured Google as were and October current logos by Looking of XX% Azure strategic were significant event the substantial Microsoft the history of The significant certainly X% most our and of the with most was expansion perhaps most in the company's alliance quarter event Azure. on-prem.
sales in and all the solutions an alliance strategic generative of term enterprise point AI this AI an March AI X.X-year strategic the list. Azure On All entire the of -- and September enterprise solutions AI ending price now on industry. sellable bonuses personnel into the AI Generative AI now Microsoft sales. the receive by AI solutions for and and commissions, the CX for design all and Azure and CX are sale. XXXX, Under believe AI each XX, Microsoft available are XXXX. CX alliance entered Microsoft Azure will inflection orderable salespeople AI CX I enterprise CX will organization marketplace. initial terms a AI CX credits agreement, on receive will Azure Azure Azure the quota AI expanded enterprise All CX special credit new CX CX globally. sales on Azure are win constitute
now firms business accounts joint a and cadence technical executive shorten licensing meeting solutions products will Microsoft releases, have AI governance customer acquisition deal production over press AI paper, of enterprise this term Azure of in to of resources, in robust agreed a pilots large are This mutual incorporating support a XX% joint process, dramatically customer targets, on alliance, subsidize with jointly CX sponsors, alliance global plan that sales of leadership the The joint has There CX over Microsoft registration offerings. number based agreement. finally, sales initiatives AI pipeline the marketing publicity activities and on And point will and agreement believe, CX sales deployments Microsoft cycles. with, sales integrator build system Fortune XXX. structure we X I and that agreement. will place our the marketing AI during and CX on Microsoft and all orderable the Importantly,
all collateral CX paper. list Microsoft portal, and AI will and joint will sales and offering Microsoft software the the value propositions. cloud transactable on train solutions forces joint AI AI sales on create CX Microsoft and CX Microsoft webinar to Microsoft our commercial solutions
fund sponsor and conferences and marketing solutions. will AI, AI for schedule AI for being participation quarterly Microsoft. map such cooperative submits. Azure are solution and Siebel, of marketing in the a of the the integrated Microsoft Microsoft CEO be Judson And sponsors and Microsoft will Tom Chief a CX joint other at review innovation meetings the Chairman; on for alliance of established industry The CX basis. and road Althoff, Customer is days attend activities promotion Our industry Officer Microsoft, executive and and platinum
projects, the application has provider. Microsoft been AI invented pioneering CX AI. enterprise AI Microsoft of enterprise position all for the preferred will provider. its years. customers XXX impact preferred agreement over AI Microsoft on CX enterprise CX around deliver for AI XX world. cloud AI Microsoft designate AI overestimate Importantly, And built of measurable enterprise CX is funded fully its writ upon cloud and as to now will large. Azure We the is value AI with applications and We've our And this upon as market board to leaning the the in. now enterprise AI difficult It
of of of They're direct in of CX in result professionals -- direct operating October world. sales sales in reputation allows capabilities and result Fortune AI reach, cloud. cloud the leverage with trusted the professionals order established products. channel order software at in AI to and Microsoft as every sales company order We in every a the professionals number its CX the with -- sales grow As market. XX% Microsoft immediate the geography, that from of XX,XXX X, use over XXXX, is XXX potentially Partnering of will alliance, vertical of AI robust the of sellers to believe hundreds Microsoft XXX this companies brand an largest largest CX effective unparalleled market. the
vision organizations how on the transform. will and Azure complex accelerate challenges the partnership of every Microsoft for enterprise most to some This Together, and of to AI adoption a business CX share industry. of AI us XXst across enable century the businesses tackle redefine bold
We to and manufacturing, AI's value pharmaceutical, combining defense oil turnkey market centric industry of proven federal, and others and enterprise chains address chemicals, utilities are CX solutions gas, applications. intelligence, AI AI the going that with by
rapid reach, and we organizations exceptionally higher ahead. by energized lies we've we generated well cloud to infrastructure and and that this superior equipped of are is return. momentum Microsoft's levels With sustainability what economic quarter are achieve efficiency, undeniable, innovation, global help The
look shift Rolls-Royce, among success. let's and We customer XX including expanded agreements, new In XX back ESAB, others. closed Shell, and AI at Scientific, agreements Worley, Holcim, to Flex the pilots. Coke, and quarter Energy, CX Dow, the Now Cameco, Mars, Boston ExxonMobil, second entered quarter, with Duke
our California, Michigan, Texas, we New footprint agreements X Mexico, and Florida. to local in expand continue across closing government, and Washington Additionally, Idaho, state
with transform AI System it a scheduling Intelligence with key $XX easier the digitizing Marine multiple the have leaders efforts with Corps, In to and enhanced execution strong intelligence Army, CX from the modernization systems under Army predictive our Intelligence intelligence and quickly and Manager and Navy, collection, and make U.S. among provide to expanded advantage, Department selected its ECS Federal accelerated Agency real-time new and federal this agreements the streamline the decision U.S. entered tasking Digital AI across Defense, Army's U.S. we U.S. the Logistics wins for These of decision-making. workflows. Program the to We including delivered award into Defense Analytics agencies. expansions U.S. collection AI data secured the multiple U.S. business, Artificial others. Office and The CX for application million unifies to Force, Air the Chief board workforce
a contract. CX office productivity KC-XXX. designated Air record contested with will to the its include chain, resilience U.S. network in X Force a use drive CBM+ new and expanded CX to efficiency maintenance continued predictive which contested the all sensor-based and the expand availability Logistics The AI its systems across Air Force The Advances its of workforce, The and new AI ensuring supply and cornerstone sustained PANDA application, environments. system with and Defense KC-XX aircraft, supply United the of algorithms of is rapid Agency, monitored of for Department U.S. States logistics of the applications expansion
proactive CX workflows globe. maintenance Together, the Department warfare to effectiveness sustainment of across decision-making to enhance Defense. drive contested logistics operational across AI the streamline and support DLA improved predictive AI mission risk DLA and CX continues management, uses for scenario-based and efficiency to readiness readiness,
there Baker solutions, most agility. will suspect that address is and these trusted me partner upfront. providing secure agencies, let be a question AI innovative I Hughes, a CX about modernization for so and empowering, certainly
be There no importance question half this of been overall Hughes Now X the years relative being mix into is to interest shareholders. the our Baker Baker of has That and Hughes in and agreement. is diminishing. said, business best continues in the that our
our of accounted of Hughes accounted quarter, XX% in Revenue In Baker Baker fiscal 'XX by 'XX, QX Hughes for year accounted for XX% 'XX. Hughes In XX% of last fiscal for year revenue. fiscal year-over-year Baker revenue. has In XX% revenue. our our ex increased year Hughes Baker
it Our And Baker June exclusive to in XXXX. marketing renew is we previously. have extend with agreement done we unless Hughes X or oil as times services scheduled expire of
of we sit extended, okay, I in off and better gas of the Microsoft oil that our the gas today, will are -- agreement more have we mix. direct as the the point, to outcomes gas better going oil interest exclusively established here partnering our have it likely not than in and significant as successfully and options of Hughes we best But not and we at And partner in oil will new light the our think to whether guidance. our this this it of shareholders that to We these impact need consider providers. be with Now, renewal as are revenue successfully we carefully it's whether consider market to is not many particularly Baker customer market. all the service will forward, relationships and off diversified outlook renewed. Any I agreement particularly much or be whether our is
perspective. Let's put this into
no a the okay? mistake is is is Our billion big $XXX big relationship Baker business. today, an think, Microsoft with business, Microsoft. a order Now what a Hughes of story story is They're billion They're company. I great of the great. $XX order of,
far that and this anything by overshadows done with so Baker Hughes. value And we our we've relationship
it's extended As I whether outlook or it here no impact I not, will But sit think today, it guidance. on or has extended. be our
the AI technology the issue be This of about is Generative is in minute represents CX AI Generative with with a highly providing of Talk enterprise information revolution a significance just the AI across forefront a moment AI. clearly this pivotal and safe, from the cannot enterprise. differentiated offering, secure product reliable at fast, illustrated. customers Generative
of hardened, lot environments. and deployed highly While generative secure making still in AI has experimenting noise other real-world, companies with are a many enterprise in CX already AI prototypes, production,
including Coke, new several Rolls-Royce, QX, in the generative government agreements and closed Navy, the Boston organizations, AI agencies with Mexico. and U.S. Science In Washington we New XX Foundation National Scientific, Texas,
at Additionally, the with manners and production that into pilots deliver hobgoblin to kind & about free associated ability secure, Metal at Dow, we converted Cargill, Iron that our results agreements Florida scale all safe, demonstrating Generative are Norfolk read of hallucination in AI. you Crystals and
multiple an with workshop, immersive accelerator we production-ready to for leave tailor X-day Enterprise many selects of feedback City AI companies doing CX customers, XXX this in jump-start solutions drive the will in needs these problems. introduced AI at The hands-on quarters traceable be measurable We program. experts their quarter, and exfiltration outcomes and To for our extremely AI hosting and business with kicked Generative its ahead. Fortune months Generative around this globe a ability has serve data in been these way many, that and program we better and work the off AI headquarters participants positive applications. Redwood meet proven outcomes is the safe, more our business that by Generative to doesn't cause CX secure,
quarter, AI It's and is XX-XXX-XXX it CX still to is X% will to AI, be strengthens the our According XXXX, to number the enterprise XX% clear. software U.S. difficult It's by of a Generative than AI highlight of importance award positioned up patent of to shift AI dramatically. Agentic include major this way. is from the This adoption, overestimate massive early and the the days AI, but lead less applications today. Agentic uniquely Gartner, of market which for will a CX position covering AI is trajectory
That AI This method and nonstructured across no to technology and take using models. a I actions you're system multiple reason, results. software data, Generative insights. agents property flash, protects integrated of AI enterprise AI history okay, by not listening these architecture, all patent independent CX into that that agents sophisticated Agentic AI our dated is AI. the and generative AI to -- an -- important is New patent orchestrating is of yapping, enterprise retrieve multimodal AI is and All future, a generative that information these agents about okay. patent covered their This for of intellectual foundation people, importance company in the okay? XXXX. is January enabling actionable is and the structured There mean, milestone
time transformative a is This AI. CX for
strong We continue growth. to accelerating report and
tested enterprise AI/ML and recognized proven tried, proven and of technology CX The We now widely the platform foundation. leading all continue is expand has meaningful the for CX a advantage satisfaction exceptional economic we partner CX customer strong generating in and resulting thriving our a customers, as AI platform levels. the AI AI in first-mover to returns that our and empowers market. continue are ecosystem significant applications
year, business that been to made this With strengthen lead investments seeing. the positioned to in that and you capitalize never Last generation well-considered has the market AI increased investments opportunity. are we on customer in growth this CX resulted success, we growth. better further And the considering quarter top In a we're QX, are we pilots every Microsoft to XX% year supported pilots did accelerate now line with ago. expecting more and more supporting partnership, accelerating we now than those growth.
the going nonrational. Given to in the new big be not great Microsoft potential partnership in so are would Microsoft the the invest do To magnitude way. of and alliance, a we
We will hire more salespeople.
people. support customer more hire will We
and will customer activity a rapidly do more base. we in more support We growing will engage to marketing that
sales, and share. increased increased be market increased revenue will result growth The
cash targeting the decision, for of be year to investment positive flow 'XX. this no longer year fiscal full we Given are
positive sufficient we We cash, have will -- to quarter cash flow positive be in -- more we than continue the year. this be and of to plan fourth to and continue cash
goods our sold is business. of CX profitable cost AI cost I by of that, revenue a exceeds our that structurally mean and selling. plus And
are in We cash in million hand. equivalents and capitalized $XXX with cash well
rapid, value growth We customers. massive for for and consecutive quarters sustained our generating have X delivered are
critical broadening expanding, and footprint are is partner we Our our network across industries.
to Our mathematical expense growth growth our exceed going that -- with forward, growth, our and continues generally okay? we expense rate, profitability revenue true our exceed continues growth as certainty that to trend, scale. expect is continuing rate revenue And be to a
offerings pilots, new result, permutations price. that the vCPU It's conversion reality a we're is dramatically It's determining in CPU of it the of can a not than AI the matter AI to by given apply and more to It important offers understand. world. world. the modeling want And of agreement the virtual computing talk and not modeling, I to unfadable. agreements. in simply more applicable unwieldy, about entering, conventional multiplying accounting bit Through -- is AI any that to union the And taken computing that then number conventional to important computing as because of The the to be is hours world CX fact the computing a of possible by business. treatments the about It's is complexities market. difficult analytic model. rates little AI the required is the computing it's simply over this understand models the of complex all that world to
agreement. the Pilots solutions XXX to terms many require with over Think performance from multiple about and that the of unique ratably are are obligations vary software over may trials solutions, many multiplicity with it. Enterprise AI recognized a GAAP, treatments. CX days continuing that and X term months. pricing with unique per recognized AI sells service components, of accounting XX over
time. consumption subscription that customers pricing upon prefer customers monthly varies based ratably utilization. prefer licensing recognized Some that over Other is
engineering business. rapidly them period continuing delivered. of and software Conventional products we to the have utility prosperitizing world term are the professional not spreadsheet results as they're properly recognized the therefore delivered. services of cetera, learning the to delivered. in our offer have array as working effective, our machine and that of underlying are et and AI that meet we dizzying licenses partners are over solutions and of make Prioritized recognized as performance order provide services, service data of There the services enough the to services that a in licenses agreement are needs professional that oncologies, treatment do model models, recognized obligations subscription period customers in and to more they in offerings The this unique developing is combinations not your combination associated XXX factorial. product are accounting rows Demonstration
CX AI revenue our work has our preparing complexities I described. quarters. the just guidance XX been exceeded we of or public a each results hard each quarters, capture In quarter, to have for those In guidance. all met company our very
is leadership. to software AI turn results. profitable guidance enterprise spreadsheet build reliable produce forecast likely results models. that Our CX turning with into the and adoption, AI adoption applications are to your enterprise a we these than a enormous, market-leading drive going we're leads AI conventional more -- customer AI and marketing in company. the to investing cash opportunity generating The in is market We're
Revenue guidance.
for guidance to revenue is $XX.X fiscal $XXX.X 'XX million. year QX Our million
revenue to We to guidance for $XXX XXXX fiscal $XXX are million raising our million.
operations to non-GAAP $XXX $XXX year for loss guidance in are million, guidance to $XX.X $XX.X 'XX. million for million our updating million previous for fiscal to QX our guidance we previous -- loss to and is Our
financials. the I will to to now Hitesh. turn Hitesh it over cover
