Accelerated ARR Growth
ARR growth accelerated to 6% in Q1, reflecting continued AI momentum, with expectations to exit the year with 8% year-over-year growth.
Strong AI Adoption
AI ARR increased 24% year-over-year, reaching $354 million, now representing close to 50% of subscription ARR.
Large Deal Wins
Secured two large deals: a $13 million TCV order from an insurance company and a $14 million TCV order from a healthcare company.
Positive Financial Performance
Revenue came in at $208 million, and non-GAAP diluted EPS at $0.29, both ahead of guidance.
Growing SaaS Pipeline
SaaS pipeline increased more than 30% year-over-year, indicating strong demand for AI solutions.