“As a reminder, while we have seen more normalized bookings growth recently, CRPO will continue to be impacted by the cumulative effect of the measured sales performance that started in Q2 fiscal year 2023.”

In context

“ement from the last few years and aligned with our ongoing commitment to long-term margin improvement. We now expect GAAP operating margin of 21.2%, This is inclusive of additional restructuring charges. We are also raising our annual guidance on operating cash flow growth to 12% to 13%. This is driven by cash tax savings as a result of the recently enacted tax bill. We now expect CapEx of slightly below 2% of revenue. Resulting in free cash flow growth of 12% to 13%. Turning to Q3 guidance. Revenue is expected to be $10.24 billion to $10.29 billion up 8% to 9% year over year in nominal and 8% in constant currency. CRPO growth for Q3 is expected to be slightly above 10% year over year in nominal, including a $300 million FX tailwind resulting in slightly above 9% constant currency growth. As a reminder, while we have seen more normalized bookings growth recently, CRPO will continue to be impacted by the cumulative effect of the measured sales performance that started in Q2 fiscal year 2023. In closing, we continue to deliver strong results And by investing with discipline, we are positioning ourselves incredibly well. For the agentic future. We're excited to share more about our product strategy and how are we do how we are delivering the Agintiq enterprise at Dreamforce in October. I look forward to seeing many of you there. I'll turn it back over to Mike. Mike Spencer: Thanks, Robin. Operator, we'll take the first question, please. We will now begin Q&A. Leila: For today's session, we will be utilizing the raise hand feature. If you'd like to ask a question, simply click on the raise hand button at the bottom of your screen. Once you've been called on, please unmute yourself and begin to ask your question. Please limit to one question. Thank you. We will now pause a moment”