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We're a publiccompany. We're going to perform well as a publiccompany. And while I think we've done a great job on capital allocation, and we'll continue to use most of it on the buyback program, I don't rule out like could some of that be used to increase the value and increase the performance of the company faster.
The Okta Secure Identity commitment extends even further to champion customer bestpractices that enable our customers to be highly protected and elevate our industry to be more secure from identity attacks. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.
Before we go into details about the quarter, I want to provide some context on what we have accomplished as a publiccompany and how we are looking toward the future. And we'd say, first, there's everything we do sort of around adoption and utilization and bestpractices within existing clients.
This becomes increasingly important with the new SEC rules detailing that all publiccompanies will be required to report material breaches within four business days. And using bestpractices, we are able to give them the right policy configuration, ask the customer to review the policy changes or apply them.
After another strong year as a publiccompany, I'd like to start today by revisiting the algorithm we use to achieve sustained long-term growth. All of that is part of the hard work of our relationship managers instilling bestpractices in our clients, our reputation, our network, all the things that help grow sort of that base.
And we shipped code-quality and security gate to enforce bestpractices, catch security vulnerabilities, and prevent flaky tests. So, that would be consistent with what we've done throughout our history as a publiccompany. And last, but not least, we delivered on a number of platformwide initiatives.
We finished 2023 on a strong note with another consecutive quarter of management fee and FRE growth, 11 for 11 since we've been a publiccompany, against a market backdrop that has been exceptionally volatile and uncertain. Marc Lipschultz -- Co-Chief Executive Officer Great. Thank you, Ann. The Motley Fool has a disclosure policy.
This is the 13th consecutive quarter as a publiccompany in which we have met or exceeded our revenue guidance range. Another reason why these LLMs are not being installed has to do with IP liability. The IP liability is associated with these large language models that are trained on the public internet are unbounded OK.
And the best thing about our operation is the collaboration we have between the teams on sharing bestpractices on best-in-class rigs. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. So not one unique standout that's driving that number.
We have been sharing bestpractices from agents at Compass who specialize in representing buyers for illustration and inspiration. Agent retention remains high as our principal agent quarterly retention was 97%, a number we have consistently reached since becoming a publiccompany in April 2021.
We are now lapping investments tied to publiccompany readiness and expect to get more leverage from this line over time. So we're running plays and we're building content for our customers on what are the bestpractices that they can use to get the most out of Klaviyo as possible. Finally, G&A expense was $29.8
2 The Combined Pension Plans reflect the investments of BCI’s six largest pension clients, namely: BC Hydro Pension Plan; College Pension Plan; Municipal Pension Plan; Public Service Pension Plan; Teachers’ Pension Plan; and WorkSafeBC Pension Plan. CONTACT Olga Petrycki, Director, External Stakeholder Engagement media@bci.ca
Following our assessment of FedEx Freight, which we announced and commenced back in June, we have decided to pursue a full separation of this business, which will result in two industry leading publiccompanies. In the spirit of One FedEx, we are bringing hub and sort bestpractices from U.S. Surface team.
We delivered strong financial results in our first quarter as a publiccompany, with 5% adjusted EBITDA growth and 20% AFFO per share growth. Congrats on your first quarter as a publiccompany. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.
In the prepared comments, you'll talk about -- point out sort of the opportunity to implement these kind of shared bestpractices, if you will, of the two companies, and you're closely studying kind of various completion designs. Just how does that kind of work in practice? John Freeman -- Analyst That's great.
This was led by positive EBITDA contribution from all three business units offset by unallocated corporate overhead costs, including publiccompany costs. We still have relationship with them in the context of just sharing bestpractices or just changing ideas. I'd like to now review our cash flow and balance sheet.
We continue to embed retail bestpractices across our business and drive operational efficiencies. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. We are also raising our annual guidance, and David will share more on that shortly.
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