The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Kasthuri Gopalan Rangan - Goldman Sachs Group, Inc., Research Division - Analyst
: Congratulations on the quarter, great start to the year. One for Dev and one for Michael. Dev, you've talked about big relational
database displacements for a while now, so how are those deployments coming along? And are you increasingly able to open the
door for even bigger deployments in the future? That's one; and one for you, Michael. It now appears that you have a cadence where
you -- despite challenging consumption trends on a per-customer basis, you've been able to add new customers at record pace, so
results have been actually quite resilient. So how does this make you think about the business model ahead? I mean, are you at a
point where the new customer momentum more than offsets declining consumption growth trends that you have better visibility
into your business than you did probably, say, a year back, 6 months back or so?
Question: Kasthuri Gopalan Rangan - Goldman Sachs Group, Inc., Research Division - Analyst
: And the relational...
Question: Karl Emil Keirstead - UBS Investment Bank, Research Division - Analyst
: Maybe this will go to Mike. Mike, if we could unpack the 2Q guide a little bit, it's, first, on the $10 million onetime lift from Alibaba,
if you could just clarify. The entirety of that lands in other subscription. None of it lands in Atlas or EA. And is there any follow-through
on that, Alibaba? Or is it truly onetime of 2Q? And then I've got a quick follow-up.
Question: Karl Emil Keirstead - UBS Investment Bank, Research Division - Analyst
: Okay, great. And then further on the 2Q guide, the 3 extra days relative to Q1, does that loosely offer kind of an added 3-point
sequential boost? And then secondly, in terms of the overall demand assumptions you're using to drive that 2Q guide, is it sort of
similar broader trends that you've seen in the last couple of months? Or Mike, are you assuming things get better, or things get a
little worse? And that's it for me.
Question: William Kingsley Crane - Canaccord Genuity Corp., Research Division - Analyst
: Great, yes. So I would like to ask a question about the replacement opportunity and in just a slightly different way. So we're all excited
about this AI theme. I know this is more longer term, but do you think that AI workloads creation, app replatforming can act as a
catalyst for share shifts as relational DBs are less prepared to support these workloads?
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