Our Q2 OPEX grew 21% year-over-year and increased from 14% year-over-year growth last quarter. As we mentioned last quarter, Q2 OPEX included $11 million in expenses related to our Dash User Conference. And as we've discussed, We are investing in headcount in 2024, and the growth in OpEx reflects our execution on hiring in sales and marketing and R&D so far this year.

Aug 8, 2024 / CFO / receipt, needs a key / David Obstler, CFO | earnings call 2024-08-08 | transcript 562a5461-199a-47e2-bd91-33196f92e341 | chars 19388-19758 | segment 19

In the year-ago quarter, operating margins was 23%, and it benefited from lack of in-person office travel and event costs due to our COVID policies during the pandemic.

May 4, 2023 / CFO / receipt, needs a key / David Obstler, CFO | earnings call 2023-05-04 | transcript 532b4da6-5d59-4941-9415-ad7cc7b08d3b | chars 17090-17258 | segment 16

Next, our model assumes greater expenses related to travel and in-person events going forward, but we remain flexible depending on further COVID developments, and our highest priority is protecting the health of our employees.

Feb 10, 2022 / CFO / receipt, needs a key / David Obstler, CFO | earnings call 2022-02-10 | transcript 32b72ab5-68fa-4a15-bf97-022accaee024 | chars 21033-21259 | segment 21

And next, our model assumes a return to the office and the resumption of travel and in-person events during Q3.

Aug 5, 2021 / CFO / receipt, needs a key / David Obstler, CFO | earnings call 2021-08-05 | transcript 9a46de99-5d58-4f6f-8d08-c12575904789 | chars 18532-18643 | segment 18