“Exciting themes lie ahead for 2024, and I feel positive about how our federal business will continue to perform, coupled with our public sector success.”

In context

“Gina Mastantuono (Chief Financial Officer): Absolutely, John. Thanks for the question. I didn't mention it because we had such great results in so many other industries and sectors. But our federal business also had a strong quarter, with its biggest Q1 ever, involving $8 million plus deals and net new ACV growth that accelerated. We hosted our largest Fed forum ever, with customers representing over $1 billion in ACV and triple the number of attendees at our executive circle and over 35 partner sponsorships. The federal business is strong, and our GenAI offerings are reinforcing our ability to help accelerate the transformation journey for our federal customers. We're seeing early adopters exploring our domain-specific models, which offer enhanced security and can drive tremendous efficiency gains. Exciting themes lie ahead for 2024, and I feel positive about how our federal business will continue to perform, coupled with our public sector success.”