“These achievements demonstrate our commitment to driving profitable growth and we continue to expect 2023 to be our first full year of GAAP profitability.”

In context

“t translation of approved targets to weapon systems. On a final note, we will be sharing our insights on the latest cutting-edge AI, who will be the victors and the vanquished, and of course, showing the latest across AIP and Foundry, as well as hearing from our customers on how our products are powering their transformations at our June 1 customer event in Palo Alto. With that, I'll turn it over to Dave. Dave Glazer: Thanks, Shyam. The first quarter of 2023 was a record-setting quarter for us. We achieved our second consecutive quarter of GAAP profitability and also achieved GAAP operating income for the first time. This accomplishment was a result of strong top-line growth, driven by the reacceleration of our U.S. commercial business, coupled with continued disciplined spend management. These achievements demonstrate our commitment to driving profitable growth and we continue to expect 2023 to be our first full year of GAAP profitability. On the back of these exceptional results and this trajectory, we now expect to be GAAP profitable in each quarter this year. Turning to our global top-line results. We generated $525 million in revenue in the first quarter of 2023, up 18% year-over-year, $20 million ahead of the midpoint of our prior guidance. Our U.S. business generated $337 million in total revenue in the first quarter, up 23% year-over-year and 12% sequentially, demonstrating our continued momentum in the US. Revenue from our largest customers continues to expand. First quarter, trailing 12-month revenue per customer from our top 20 customers increased 14% year-over-year to $51 million per customer. New customer acquisition also remains strong as we saw customer count grow 41% year-over-year and 7% sequentially. Now mo”