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: Timothy Horan - Oppenheimer - Analyst
: Can we focus on AI a minute? Is it -- are you starting to see material contributions to revenue growth from AI or improvements to the product? And
how are you kind of working with NVIDIA on AI at this point? Any more color on that collaboration?
And then related to that, it sounds like cloud growth is accelerating, is that true? And is AI helping that growth? Or is it go-to-market or other
improvements in the product there?
Question: Timothy Horan - Oppenheimer - Analyst
: Very helpful. And Tamar, a quick follow-up. Great improvement to the margins here. Are you using AI to improve your own productivity much?
And is there -- can you kind of continue the pace of margin improvements going forward for a few years?
Question: Shlomo Rosenbaum - Stifel - Analyst
: Thank you. Shuky, can you just talk a little bit about the customer spending behavior, what you saw this quarter versus what you saw last quarter?
And we're into May already. There's obviously more risk and concern out there, but are your clients changing anything or is it really kind of the
same?
And then I have another follow-up.
Question: Shlomo Rosenbaum - Stifel - Analyst
: Okay. Great. And then maybe for Tamar. The AR after several quarters of going up, has seen a couple of quarters of going down. It looks like you're
hitting milestones and unbuild are going down. Should we think about this as something that was kind of lumpy that you needed to go past or is
this something where there's a certain range that you expect to operate within, and these are just kind of the fluctuations within that range. In
other words, did you have a lot of projects that were unusual that you had the milestones kind of in front of you when you got past them, or is this
the normal cadence of bouncing around?
Question: Shlomo Rosenbaum - Stifel - Analyst
: Okay. If you don't mind me squeeze in one more in. Just following up on the one kind of question from previously. There's a lot of POCs on the AI
offerings, and we've been talking about that for the last few quarters. Is there anything large that has hit in terms of contracting yet, or we still kind
of waiting for the really big -- few big referenceable clients to kind of start the cascading.
Question: Shlomo Rosenbaum - Stifel - Analyst
: Are they referenceable for other clients and others? I understand you want to talk to us about it, but if someone else called, are they ones that are
far enough that they could someone could talk to.
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