Nikesh Arora

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 billion to $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.

On the margin, growth rates change.

But I think from a capability perspective, if we start doing $20 billion in ARR,

we'll be generating $10 or $15 billion of free cash flow a year.

That's a far cry from where we started at a few hundred million dollars seven years ago.

I think you have to look at it from a slightly multi-year perspective.

From that perspective, we think we're well-positioned.

We think this is going to be the largest cybersecurity company in the world.

We have aspirations to take it and double or triple it from where we are.

Yes, of course, it is working.