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I am Shirish Jajodia, vice president of investor relations and treasury at MicroStrategy I'll be your moderator for MicroStrategy's 2024 first quarter earnings webinar. You can submit questions throughout the webinar and Michael, Phong, or Andrew will answer questions at the end of the session. Hello, everyone.
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This customer is leveraging Zscaler to secure all their critical manufacturing sites, eliminating the need for firewalls, NACs, expensive switches, and routers at these sites. We continue to generate significant leverage in our financial model with operating margin of approximately 22%, an increase of about 200 basis points year over year.
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