“I am confident that our new product introductions are yielding beneficial results, especially as we approach the second half of the fiscal year 2024, at which point they will become a much more substantial contributor.”

In context

“Kevin Burns (CFO): Yes, Adam. From a portfolio perspective, as Rick noted, we will continue to enhance the infrastructure product. The new logging capabilities are expected to contribute mainly towards the end of Q3 and into Q4, but we believe they will become a significantly larger contributor over the next two years, potentially reaching $100 million in revenue for us by then. Additionally, our core modules, including apps and microservices, continue to perform well, generally aligning with our ARR growth, albeit at a slightly slower pace due to the faster growth of infrastructure. We've also seen positive advancements in app security over the past four or five quarters, gaining more momentum. I am confident that our new product introductions are yielding beneficial results, especially as we approach the second half of the fiscal year 2024, at which point they will become a much more substantial contributor.”