“We continue to anticipate 2024 revenue from these customers to be less than 2% of full year revenue.”

In context

“We generated $138 million in international commercial revenue in the third quarter representing 3% growth year-over-year, but a 7% sequential decline as a result of continued headwinds in Europe and a step down in revenue from a government sponsored enterprise in the Middle East. Despite those headwinds, we continue to build on our transformational work with some of our largest international customers, including signing a multi-year renewal with BP. We also continue to capitalize on targeted growth opportunities in Asia, the Middle east and beyond. Revenue from strategic commercial contracts was $9.6 million for the quarter. We anticipate fourth quarter 2024 revenue from these customers to decline to between $6 million to $7.5 million compared to $20 million in the fourth quarter of 2023. We continue to anticipate 2024 revenue from these customers to be less than 2% of full year revenue. Shifting to our Government segment. Third quarter Government revenue grew 33% year-over-year and 10% sequentially to $408 million. Third quarter U.S. government revenue accelerated to $320 million, representing 40% growth year-over-year and 15% growth sequentially. This acceleration was driven by continued execution in existing programs, new awards reflecting the growing demand for AI in our government software offerings and favorable deal timing in the quarter, coupled with government year-end cycle. Third quarter international government revenue was $89 million, representing 13% growth year-over-year, but a 5% sequential decline as a result of revenue catch up in Q2 that we noted last quarter and less favorable deal timing. Third quarter TCV booked was $1.1 billion, up 33% year-over-yea”