Karl Keirstead

I just wanted to unpack what's giving you that confidence? And in particular, is there anything interesting to call out

what's the opportunity for Datadog to essentially follow that behavior and begin scaling on Oracle's target

Are you able to clarify whether that was a 1-year deal or multiyear? And then related to that, David, what is the contribution to CRPO from that deal

you mentioned that you're optimistic about gross margins in the second half. Is that because of what Olivier just mentioned

do you think that this could be even short term, a modest source of margin pressure

how material do you think traction could be for open and custom models over the next year or two

I'm just curious your confidence in working through the physical component constraints to hit that number does it involve the greater use of partners

comment qualitatively on the amount of capacity that that's coming on

the investment in OpenAI that sits in other income at $4.1 billion is so large

this is the second quarter in a row of pretty material Azure upside

the one that stands out to me is the 16 point growth rate lift to Azure from AI

I wanted to ask you about the Stargate news and the announced changes in the OpenAI relationship last week

I'm just wondering if you saw any even incremental change in broadly the selling environment in 2Q.

I'm just curious whether all of this macro change and uncertainty in the last couple of months would have changed your view of that bookings CRPO seasonality?

I think a lot of investors are worried that it's going to reach a point where customers might try to govern or throttle the use of these tools to try to contain spend.

Was there anything unique that you did with Microsoft or with customers that are running on Azure worth calling out?

there was really no mention of macro per se and no evidence in the numbers that you guys really saw much pressure.

Yet, I'm looking at the Atlassian results and your margins, despite you guys also experiencing an uptick in AI usage, holding in there very well.

I just wanted to test your confidence that the cloud revenue can be up enough such that you still feel comfortable with hitting that previous guide

maybe you could just unpack the Q1 guide. It's a reasonably large step down in growth

is there anything about the fiscal '26 5 point outperformance that in retrospect strikes you as somewhat nonrecurring

you gave us a preliminary look at 200 bps of margin expansion next year, a little bit more than I was modeling

what you are seeing in terms of seat growth versus module expansion as drivers of that nice overall expansion

you were the disruptor 20 years ago, and you and others forced incumbents at the time, Oracle and PeopleSoft, et cetera, to react

Maybe a point year over year from the tenant contracts maybe a point year over year from Paradox and a quarter from Sana

can you just maybe express confidence level in hitting those DIA go lives

you mentioned that the July quarter had a boost from elevated early renewals. Was that beyond what you were anticipating

you're already at the fiscal 2027 target. So at first blush, it's easy to conclude that maybe that out your target hasn't an upward bias

advising investors to think about the time frame when you'll see real monetization of these AI products, when it can be, you know, needle moving

what areas are you trimming as a result of the RIF, whether it's focused on functional areas, or GEOs that you're downsizing