Cyclotron's Unprecedented Growth in Q2: A Testament to AI Services Excellence

The Generative AI boom has fueled remarkable growth for Cyclotron this year. In Q1, we witnessed an incredible increase in sales and recognized revenue compared to the same period last year. Now, as we close out the first half of the year, we're thrilled to share that our robust AI services for enterprise clients continued to drive impressive growth in Q2 as well.

• 138% Increase in Booked Revenue: Compared to the same time last year, our booked revenue has soared by an astonishing 138%. This significant growth underscores the increasing demand for our innovative solutions and our ability to deliver exceptional value to our clients.
• 42% Growth in Billed Revenue: Our billed revenue has also seen a remarkable 42% increase in Q2 compared to the same period last year. This growth is a testament to the trust and confidence our clients place in our services and our team's dedication to exceeding expectations.
• Strategic Investments in Azure Paying Off: Our strategic investments in Azure, both in infrastructure and the Data and AI stack, are already showing substantial returns. We are witnessing the largest pipeline growth around Azure for FY25, positioning us for continued success and expansion in this area.
• Generative AI Driving Revenue: An impressive 58% of our revenue is directly influenced by Generative AI growth. This highlights the pivotal role AI plays in our business strategy and our commitment to leveraging cutting-edge technology to drive results for our clients.

In addition to our service offerings, Cyclotron is bullish on the product development side. Our Cyclotron Labs products have been thoughtfully developed and improved to specifically address the evolving needs of clients. TeamsHub.io now provides vital security assessments and Copilot analytics, while our newest product, Cyclotron Beam, is, the only IDP migration platform automating migrations into Microsoft Entra ID for faster and more accurate migrations. These innovations showcase our dedication to expanding our product portfolio to meet diverse client needs.

Looking ahead, the next few quarters will be very focused on Generative AI services and compliance/data protection to ensure our clients are ready for the Generative AI push. As the 2024 Microsoft Compliance Partner of the Year with extensive experience in data protection and compliance, we expect our security practice to grow by 100%.

Given the strong demand for our Generative AI services and security business, we anticipate continued hiring throughout the rest of the calendar year. Our team's growth and expansion reflect our dedication to meeting the evolving needs of our clients and staying at the forefront of technological advancements.

As we move forward, we remain committed to innovation, excellence, and delivering outstanding results for our clients. Thank you to our dedicated team and valued clients for being an integral part of our journey. Together, we are shaping the future of enterprise technology and setting new standards of success.

Let's continue to innovate, inspire, and achieve new heights together!