Sridhar Ramaswamy

The software, essentially the tools.

Our software team agrees with that.

Our software has been positive on the sector.

But at the same time, I'm not an expert in that sector, so I'll probably refrain from commenting on that.

Great to see you, Caroline.

Yes, we had seven nine-figure deals, including a mammoth $400 million deal.

It reflects the confidence that our customers have both in where Snowflake is right now, but importantly, where we are going.

We all understand that software is being disrupted by AI in a very, very big way.

But what our customers understand is that for enterprise AI to truly succeed, they need a single source of enterprise truth.

They need built-in security, auditability, trust, and access.

Of course, you also need the best models.

That's what Snowflakes provides for them.

And we're creating great products, products like Snowflake Intelligence that put the power of data into the hands of every business user.

Whoop, the health company, loves using us.

And there are lots of partners that are using products like Cortex Code to speed up what can be done with Snowflake.

They're really looking to the future and making sure that we can deliver value with Snowflake, and we are creating the products that help them deliver that kind of value day in and day out.

That's why you're seeing companies, as I said, make commitments of $400-plus million with Snowflake.

Well, so there are a lot of things that are specific to Snowflake and to data.

Absolutely, there are coding agents that are often provided by the model companies themselves.

But we know a lot about how data systems are supposed to work, about how Snowflake is supposed to work.