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Instead, the company was taken private about a decade ago and relisted as a publiccompany in 2018. I suspect capital expenditure ( capex ) on Blackwell GPUs will naturally drip into increased spending for IT infrastructure solutions in data centers -- a tailwind for Dell.
I'll note that this is the 16th consecutive quarter as a publiccompany, in which we have met or exceeded our revenue guidance. C3 AI has never been better positioned to capitalize on this market opportunity. We are well capitalized with $730 million in cash and cash equivalents in hand.
I'll note that this is the 15th consecutive quarter as a publiccompany in which we have met or exceeded our revenue guidance. In the first quarter, the company closed 71 agreements, including 72 new pilots marking a 117% year-over-year increase in our pilot count. Professionalservices revenue was $13.7
I'll note that this is the 14th consecutive quarter as a publiccompany in which we have met or exceeded our revenue guidance. Professionalservices revenue was $6.7 We continue to be very well capitalized and close the quarter with $750.4 We finished the quarter with 86.6 million and gross margin was 70%.
Dayforce is well positioned to capitalize on this opportunity in front of us. A global analytics professionalservicescompany with over 35,000 employees in 40 countries expanded its Dayforce use to 6000 U.K. And we're really well positioned to go and capitalize on some of that. and Canada. Maybe, Jeremy, to you.
Matt Swanson -- RBC Capital Markets -- Analyst Great. Matt Swanson -- RBC Capital Markets -- Analyst And then if I could just ask one more, maybe more high-level question on the customer data platform. Now we have professionalservices as a function at Olo. Matt Swanson -- RBC Capital Markets -- Analyst Thank you.
This is our first acquisition since we became a publiccompany in 2021, and I'm excited about how this will enhance Freshservice, which is currently our fastest-growing business. Our business is strong, and we have a fantastic platform to launch Freshworks into a sustainable and growing publiccompany.
We also had a sizable win with Capital Blue Cross for integrating Sword Health musculoskeletal program. The increase was driven primarily by increased professionalservices associated with our government business. Historically, our services and care points revenues vary from quarter to quarter. Your line is open.
And as long observed in markets, information about capital has become almost as important as capital itself. Our focus remains on delivering BlackRock's platform to clients through access to unique opportunities, expertise, and world-class client service. Earnings per share of $11.46
Focusing on these priorities will allow us to achieve our financial objectives, maintaining our solid investment-grade credit rating, investing back into the business, and delivering on our capital allocation priorities, including buybacks. The board and I are fully aligned on our capital allocation strategy. sequentially.
To capitalize on this opportunity, Zeta is making investments into expanding our enterprise mobile capabilities to fuel conversational experiences. We continue to be well-positioned to capitalize on the need for more efficient and effective marketing technology. Jason Kreyer -- Craig-Hallum Capital Group -- Analyst Perfect.
Today, I would like to review our fast transition progress and discuss key drivers of our business in 2024 and how we are positioned to capitalize on them. Varonis is in a unique position to capitalize on this as we help organizations protect their data like a bank watches its money. This increased scrutiny on U.S.-listed
And then I would say, broadly, we want to try to keep our performance relative to our guide and our cadence the same as what we've been able to achieve over the last couple of years as a publiccompany. Bryan Bergin -- Cowen and Company -- Analyst Thank you. Dan Jester -- BMO Capital Markets -- Analyst Great.
In the world’s most important capital market, the US, responsible investment has become a politically charged topic. What can we do as asset managers, besides pricing securities, is we can actually mobilise capital to invest behind the most important investment opportunity of our generation.
Q3 revenue also benefited from a stronger contribution of our professionalservices, driven by elevated breach activity across legacy and competing platforms. It reflects the continuing success of our proactive efforts to enhance working capital and thoughtfully manage our costs. This is tremendous progress. Thank you very much.
MAAP offers customers reference architectures and end-to-end technology stack that includes prebuilt integrations, professionalservices and a unified support system to help customers quickly build and deploy AI applications. Operator And our next question will be coming from Rishi Jaluria of RBC Capital Markets. Two questions.
A large professionalservices firm standardized with Prisma Access in a transaction exceeding $40 million, securing their hundreds of thousands of users. This becomes increasingly important with the new SEC rules detailing that all publiccompanies will be required to report material breaches within four business days.
One of them could be Silvergate Capital. When I looked at Capital IQ this morning, which is a database that we use here at The Motley Fool that a lot of institutional investors use. They have a list of Uber's direct investments in one of those is listed as Silvergate Capital. Joby since becoming public, is doing OK.
This is the 13th consecutive quarter as a publiccompany in which we have met or exceeded our revenue guidance range. This is a -- this is a high-end professionalservices organization in the federal sector. Professionalservices revenue was 88.0 We ended the quarter with $723.3 year over year to 78.4
A large professionalservicescompany tested ransomware protection from SentinelOne against two of our close competitors. We will continue to grow market share and capitalize on large TAMs with disruptive technologies. Dave, congrats on entering your third year as a publiccompany CFO. Please go ahead.
Amid the ongoing measured buying environment, compression of larger transformational deals continued in the quarter, affecting our professionalservices growth. The growth was primarily driven by continued MuleSoft momentum, solid sales and service performance, and a modest FX tailwind. In Q2, we returned 1.9 billion to 8.72
As I reflect on nearly 4 years as a publiccompany, Zeta's trajectory has never been clearer. Zeta has been incredibly consistent, beating and raising guidance for 14 consecutive quarters and increasing revenue 20% or greater while also expanding our free cash flow margin for 4 straight years as a publiccompany; second, momentum.
Our strong operating performance, combined with increased driving efficiencies and working capital improvements resulted in record quarterly free cash flow of $112 million, up 19% versus last year. It is also a simpler product and easier to deploy, thus necessitating less professionalservices. million shares for $77 million.
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