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CFO Janesh Moorjani described Q1 performance as strong and consistent throughout the quarter, with momentum continuing into May. CEO Andrew Anagnost clarified that cross-sell and upsell opportunities from the new model are a longer-term benefit that will be enabled by new systems dynamically, rather than being tied to a specific renewal cycle.

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CEO Andrew Anagnost and Interim CFO Betsy Rafael indicated that the company expects continued underlying margin improvement on an apples-to-apples basis, consistent with historical performance. However, they declined to provide specific details or targets for the next fiscal year.

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CEO Sasan Goodarzi attributed the success to winning on experience, price, and speed to money, powered by AI agents and human experts. He noted that full-service offerings saw outsized growth and the Credit Karma integration contributed one point of growth. Goodarzi expressed confidence in future sustainability, highlighting that the company learned from areas of friction in the customer experience, which present clear opportunities for improvement.

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CEO Sasan Goodarzi attributed the success to a platform strategy focused on experience, price, and speed to money, powered by data and AI. He highlighted double-digit conversion growth, outsized performance in full-service offerings, and a 1-point contribution from Credit Karma. Goodarzi expressed confidence in future growth by noting significant opportunities to reduce friction in areas that 'didn't work' this year, which will be a focus for improvement.

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CEO Sasan Goodarzi stated that confidence comes from strong traction in both DIY (with simple and complex filers) and assisted categories, driven by AI-powered monetization, revamped marketing, and a superior "done-for-you" experience. He added that his engagement with the administration indicates their focus is on reducing fraud and waste, where Intuit can help, and he sees no risk to Intuit's business from IRS actions.

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CEO Sasan Goodarzi confirmed the mid-market team's benefit is already material, contributing to the 42% growth in QBO Advanced and IES, though the largest impact is yet to come. For the Q2 Consumer guidance, he explained that promotional timing for TurboTax desktop has been shifted from Q2 to Q3 to better align with consumer buying patterns, which impacts revenue timing but not the full-year outlook.

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CEO Sasan Goodarzi explained that while Intuit remains focused on newly-formed small businesses, it is doubling down on its five-year-old mid-market bet. He highlighted the company's comprehensive business suite and AI-powered expert services as key differentiators. Goodarzi noted that the mid-market is largely 'nonconsumption,' representing a significant opportunity to acquire new customers and grow with existing ones, which underpins the company's confidence in achieving 20% online ecosystem revenue growth.

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CEO Eric Yuan highlighted that AI Companion monthly active users grew nearly 40% quarter-over-quarter, citing Raymond James as a key customer example. He expressed confidence in monetizing the custom AI Companion through features like Bring Your Own Dictionary, custom summary templates, and Jira integration, noting strong interest from global 2,000 trial customers.

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CFO Michelle Chang prioritized strengthening the core Workplace platform first, followed by Zoom Phone as a continued significant growth driver. She identified Contact Center and Workvivo as emerging products with durable momentum that will be key contributors. She framed AI monetization and new vertical solutions as longer-term growth layers, while also highlighting international expansion and channel growth as important vectors.

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CEO Eric Yuan attributed Contact Center's momentum to customer trust, rapid innovation in AI features, and a natively integrated platform that includes workforce and quality management. He noted that all top 10 wins in Q2 were displacements of major vendors. CFO Kelly Steckelberg added that Zoom remains very price-competitive, offering a compelling total cost of ownership with its modern architecture.

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CEO Eric Yuan confirmed strong momentum in Contact Center, citing major Q4 deal wins driven by replacing existing cloud vendors. He believes the key is execution and overcoming a 'marketing problem' to raise awareness, expressing aspiration to mirror Zoom Phone's growth trajectory. CFO Michelle Chang clarified 7 of the top 10 deals were cloud replacements.

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CEO Samuel Wilson asserted that the growth reacceleration is based on internal execution within their 'four walls,' not on market changes. He cited the increasing number of multi-product customers, new product adoption, and improved GTM performance as the primary drivers. CFO Kevin Kraus explained the fiscal 2026 cash flow guidance reflects strategic investments in growth and a measured forecasting approach, while noting that non-GAAP net income is expected to remain stable due to lower interest expenses.

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CEO Samuel Wilson stated that customers are not currently reducing agent headcount when adopting AI. Instead, they are using AI tools like Agent Assist to enhance agent productivity and shorten training cycles, which is valuable given high industry attrition rates. Regarding customer segments, Wilson noted a continued focus on multiproduct enterprise sales, which is growing, while the company is less focused on micro-businesses, impacting overall customer count.

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CEO Tom Shea credited the 40% year-over-year international revenue growth to the payoff from multi-year investments, achieving greater scale, and landing foundational, market-building deals that serve as critical references. He expressed a long-term goal for the international business to rival the U.S. market in size.

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CEO David Ossip stated that Dayforce has not seen any negative impact from the macro environment on buying decisions. He highlighted that Q1 bookings were very strong, in line with a robust Q4, and expects first-half bookings to be up approximately 40% year-over-year. Ossip noted significant strength in add-on sales (up 30% YoY) and a high percentage of full-suite deals, especially in the major market and enterprise segments, underscoring strong customer confidence.

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CEO David Ossip characterized the Q4 recurring revenue drivers as one-time items, highlighting record Q4 and January sales and an increased EBITDA guide. CFO Jeremy Johnson detailed the three main factors: muted seasonal employee volumes, lower print and tax filing fees, and contract amendments that shifted revenue to professional services. Regarding future growth, David Ossip pointed to strong sales momentum, the predictability of the business, and 17.9% cloud ARR growth in 2024.

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CEO David Ossip and CFO Jeremy Johnson clarified that the Q4 guidance for over 21% growth is based on high visibility from accounts that have already gone live and a predictable go-live schedule. David Ossip explained the new branding reflects the company's strategic simplification and focus on the Dayforce product line.

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CEO Nicholas Cumins stated that the adoption of Cesium technology is progressing well across the portfolio. He highlighted the Google partnership is expanding, leveraging Street View data and Vertex AI in the Blyncsy road network product to increase geographic reach and use cases. Executive Chair Greg Bentley added that two new deals with Departments of Transportation were signed during the quarter, with more expected later in the year.

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CEO Nicholas Cumins described a strong global consensus on infrastructure investment, particularly in Europe, with China being the notable exception. Executive Gregory Bentley addressed the U.S., stating that engineering firms are already at full capacity and do not anticipate a decrease in federally funded projects, though the mix of projects may change.

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Executive Michael Burkland clarified that the longer sales cycles are concentrated at the large end of the enterprise market, causing some deals to slip into the following quarter. He noted this was distinct from geopolitical resistance seen in some international regions, which is a separate issue.

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CEO Michael Burkland responded that customers are not pursuing wholesale replacement of human agents. Instead, they are focused on deflecting a small percentage of interactions (5-10%) to self-service. He explained this typically results in slower growth of human agent headcount rather than a net reduction, while still delivering significant ROI.

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Executive Michael Burkland emphasized the 'power of the platform,' stating that Five9's purpose-built AI products leverage integrated interaction data to deliver superior, personalized experiences. He noted success in competitive bake-offs and explained that Five9 can also integrate with and monetize third-party solutions via its voice stream, ensuring the platform wins regardless of the customer's choice.

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CEO Neil Barua reported strong customer reception for new products like Windchill AI and ServiceMax AI, noting significant interest at industry events. He emphasized that PTC's core systems (PLM, CAD, ALM) provide the critical product data foundation necessary for effective generative AI, which is a key differentiator. While he sees AI as a significant mid-to-long-term growth driver, he expects customer adoption of large-scale AI projects to be methodical over the next 12 to 24 months.

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CEO Neil Barua detailed progress on the go-to-market verticalization and the new CRO's impact, stating the changes are showing early promise. On the macro front, he said that beyond external indicators like PMI, the key internal metric for a true recovery is a sustained and predictable increase in sales close rates on their existing pipeline.

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CEO Anirudh Devgan explained that while AI models will become more efficient, this will likely make AI more prevalent, driving more design activity. He stated that from a design perspective, Cadence only sees an acceleration in AI chip development from hyperscalers and others. He also noted that increasing complexity from 3D-IC is a powerful design driver, so they see no slowdown in design activity.

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CEO Anirudh Devgan explained that AI products are add-ons to base customer configurations and are seeing increased adoption. He reiterated his belief in a future "physical AI" phase for edge devices like cars and robots. While the products may be years away, he noted that significant design activity for these complex, mixed-signal chips is already beginning, similar to how data center AI chips were designed years before their release.

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CEO Anirudh Devgan responded that Cadence's confidence comes from its ability to deliver both strong revenue growth and consistently improving profitability. He cited systemic drivers like AI, the move to the edge, and strong performance in newer areas like System Design & Analysis (SDA) and IP as key growth pillars, all managed with a sharp focus on financial discipline.

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CEO Sassine Ghazi described a "tale of two markets," with robust demand from AI and HPC customers contrasting with more challenged industrial, automotive, and consumer electronics sectors. He noted a recent pickup in consumer electronics (AI on PC/phone) and stated that overall semiconductor R&D spending is expected to grow, benefiting Synopsys. Ghazi confirmed an acceleration in PC and mobile chip design but said the pace in automotive and industrial remains largely unchanged.

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CEO Vlad Shmunis explained that RingCX is exceeding expectations across market segments due to its seamless integration, ease of use, and aggressive pricing. He noted that while RingCX is the focus, the NICE partnership remains successful with a large RPO. CFO Abhey Lamba stated that overall CCaaS ARR grew in the low double digits but directed focus to the 'new products' ARR metric, which is over $50 million and on track for its $100 million target, led by RingCX.

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Founder, Chairman and CEO Vlad Shmunis explained that RingCX, initially an SMB product, is now scaling to enterprise accounts, proven by RingCentral's own internal migration of over 1,000 agents. He positioned RingCX as the company's future go-forward solution, offering superior 'owner economics' compared to the legacy NICE partnership. SVP and Chief Accounting Officer Vaibhav Agarwal addressed the gross margin, stating that the slight sequential dip to 81% was due to infrastructure investments to support the scaling of new products like RingCX, which he expects to rationalize over time.

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Executive Chairman Steven Beauchamp stated the long-term goal is a fully integrated platform, a multi-year effort likely taking 12-24 months, but cross-selling is already underway with good receptivity. CFO Ryan Glenn explained the guidance reflects their 'beat and raise' philosophy and a minor pull-forward of revenue into Q2, adding that if momentum continues, they could raise guidance again.

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CEO Safra Catz stated that cloud database services are already at a $2.2 billion annualized run rate, primarily on OCI, while multi-cloud database services with partners like AWS and Google have surpassed a $100 million run rate and are growing rapidly. Chairman and CTO Larry Ellison added that the multi-cloud initiative is in its early stages and is expected to become a multi-billion dollar business, complemented by high demand for dedicated 'Cloud at Customer' regions.

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President Harley Finkelstein explained that while the goal is total replacement, some enterprises begin by adopting specific commerce components like Checkout. He attributed success to a strong go-to-market execution, a modern unified architecture, and innovations like rapid data migration tools. He noted that Shopify is displacing large incumbents and that new wins are creating further momentum.

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CFO & COO Ashim Gupta noted strong expansion in the $100k-$1M customer cohort and highlighted that platform deals involving products like Document Understanding are key drivers. CEO Daniel Dines stated UiPath's competitive advantages in agentic automation include its low-code platform for a large developer base, the ability to pair agents with actions, and its mature, scalable orchestration platform for managing agents securely.

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