Cynthia Hiponia
Vice President of Investor Relations

Good afternoon, and welcome to Box's First Quarter Fiscal 2027 Earnings Conference Call. I'm Cynthia Hiponia, Vice President, Investor Relations. On the call today, we have Aaron Levie, Box Co-Founder and CEO; and Dylan Smith, Box Co-Founder and CFO.

Following our prepared remarks, we will take your questions. Today's call is being webcast and will be available for replay on our Investor Relations website.

Supplemental slides are now available on the website. On this call, we will be making forward-looking statements, including our second quarter and full fiscal year 2027 financial guidance and our expectations regarding our financial performance for fiscal 2027 and future periods, including gross margins, operating margins, operating leverage, future profitability, net retention rates, remaining performance obligations, revenue and billings and the impact of foreign currency exchange rates and our expectations regarding the size of our market opportunity, including the growing opportunity driven by the increasing role of unstructured data and AI agents in the enterprise, our planned investments, future product offerings and growth strategies, the timing and market adoption of and benefits from our new products, solutions and pricing models; our ability to address enterprise challenges, including enabling organizations to automate critical workflows and deliver value for our customers; the benefits from our deepening partnerships with leading AI labs and system integrators, expectations regarding accelerating revenue growth, expanding profitability and long-term shareholder value and our capital allocation