Quarterly guidance

Total Revenue
Growth of between 30% and 34% in U.S. dollars.
Cloud Revenue
Growth of between 65% and 71% in U.S. dollars.
Non-GAAP EPS
Between $1.85 and $1.93.

Annual guidance

Total Revenue
At least $90 billion, a year-over-year increase of plus 34%.
Non-GAAP EPS
$8.10.

Outlook

AI Capacity
Management delivered 850 megawatts of AI capacity in Q1 and expects to continue scaling rapidly.
GPU Utilization
GPU utilization remains extremely high at 97.9%.
Pricing
In a high-demand environment, the company is successfully raising prices, with renewals achieving a 20% premium.
SaaS Growth
The company expects SaaS growth to continue, driven by the integration of AI agents into their application suites.
Data Center Strategy
The company is pursuing a diverse set of global data center developments to avoid reliance on any single location.
RPO Conversion
Management expects approximately half of their remaining performance obligations to convert into sales over the next 36 months.
Capital Expenditure
The company anticipates $90 billion to $95 billion in CapEx for the full year, with net cash CapEx not exceeding $70 billion.
Multicloud
The company has reached 70 multicloud database regions and 119 availability zones to support customer demand.