Financial Data and Key Metrics Changes - Total revenue for Q2 was $272 million, up 3% year-over-year [28] - Cloud revenue increased 22% to $100 million, while services revenue declined 6% to $129 million [29] - Adjusted operating profit was $101 million with an adjusted operating margin of 37.1%, up 210 basis points year-over-year [31] - Adjusted earnings per share (EPS) for Q2 was $1.31, up 11%, and GAAP EPS was $0.93, up 9% [31] Business Line Data and Key Metrics Changes - RPO (Remaining Performance Obligations) increased 26% year-over-year to $2.01 billion [29] - More than 70% of new cloud bookings were generated from net new logos, with new logos representing approximately 35% of the current pipeline [12][29] - The company experienced strong cross-selling results, with roughly 80% of customers that bought MATM also purchasing or having previously purchased MAWM [24] Market Data and Key Metrics Changes - The company reported solid performance across diverse end markets, including retail, grocery, food distribution, life sciences, and technology [12] - FX volatility provided a $29 million tailwind to sequential RPO growth and a $28 million tailwind to year-over-year RPO growth [28] Company Strategy and Development Direction - The company is strategically increasing investment in sales and marketing to accelerate sales velocity and drive market share gains [13] - New partnerships with Google and Shopify are expected to enhance product accessibility and drive quicker adoption of solutions [16][17] - The company is focused on enhancing its unified product platform and has created a product council to co-innovate with customers [25] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about long-term opportunities despite a volatile global macro environment [10] - The company is raising its full-year total revenue, operating margin, and EPS outlook based on strong first-half performance [34] - Management expressed confidence in sustaining 20% growth in cloud subscription revenue, supported by a large booked business in RPO [48] Other Important Information - The company ended Q2 with $231 million in cash and zero debt, having invested $50 million in share repurchases during the quarter [32] - The average contract duration remains at 5.5 to 6 years, with some customers opting for longer ramp timelines [30] Q&A Session Summary Question: On supply chain unification and potential enhancements - Management is doubling down on investment in unification through engineering teams and customer engagement [44][46] Question: Confidence in sustaining 20% growth in cloud subscription revenue - Management remains confident due to a solid booked business in RPO and ongoing pipeline strength [48] Question: Insights on go-to-market investments and their potential impact - New hires and partnerships are expected to enhance market awareness and drive revenue growth [56][59] Question: Status of on-premise to cloud migration - Approximately 20% of on-premise customers have started the conversion to cloud, with ongoing efforts to accelerate this process [67] Question: Impact of ERP migrations on new customer acquisitions - ERP changes are creating opportunities for new customer pipelines as companies reassess their supply chain needs [70] Question: Trends in CIOs' investment decisions post-Liberation Day - Forward-leaning companies are continuing to invest in supply chain solutions, recognizing their strategic importance [89] Question: Updates on marketing efforts and market awareness - The company is actively searching for a Chief Marketing Officer to enhance market presence [91]