Nikesh Arora

Chronosphere has some of the best engineers in the space.

Observability suffers from two problems.

One, it's too expensive.

And two, it doesn't scale well.

Well, Chronosphere solved that problem.

It is two and a half times cheaper than anybody else on the market.

And two, it can scale to gigawatt size in terms of what is needed from an AI perspective.

So we think the time's right, the asset is right, and the opportunity is right.

Look, in the last seven and a half years, I'd say 30% of our opportunity has been created by strategic and timely M&A.

70% of our opportunity has been on organic innovation as a company.

Now, that's worked out really well for us.

Even now, we've announced two big deals, CyberArk and Chronosphere.

Collectively, we're going to spend slightly under $30 billion.

But that gave us the confidence to increase our targets for ARR in the $530 or $5 billion.

If I can go spend $30 billion and buy $5 billion of AR five years from now, I do that every day.

You know, when I started 7.5 years ago, we were a $2 billion company.

Well, our peer right now is $15.5 billion.

We set a target of $20 billion in ARR.

Those are big numbers.

So I think part of what people fail to understand is absolute numbers get bigger and bigger.