Ed McGowan: Yeah, so good questions. What — I’ll start with what the components of CapEx are today. So we said 16%. About 8% of that is Software CAP, so that’s probably going to be 7%, 8% sort of going forward. Don’t expect much of a change there. That’s kind of been historically in that range. Compute this year is about 4%. CDN and securities around 3%, and then there’s always 1% call it first. You know, you’re [back-off](ph) if there’s your IT systems and your facility related stuff. So in terms of how that’s going to go throughout the years, we’ve obviously driven down our CapEx on the CDN business pretty dramatically. That used to be sort of 8% to 10% is what we used to talk about. So we’ve more than cut that in half. And I expect that — that kind of low single-digit range will probably be where we stay unless we see just a dramatic increase like we saw during the pandemic.
But there’s no reason to believe that is to happen with what we know about the industry right now. In terms of the compute business, it’s really a question of growth. Now we’re expanding in terms of the number of locations right now. Obviously, revenue is growing very fastly, we made a big investment last year, and we talked about having room for revenue growth. And obviously, that enterprise revenue growth is quite substantial in terms of year-over-year and getting to more material numbers. Tom and I talked about being on a $50 million run rate just for that and growing it over 300%. Now, we’ve used kind of a metric of about a $1 of CapEx for a dollar of revenue. Not a perfect metric, but it’s not a bad one to use. I’ve actually looked at some of the hyperscalers and some of the other public information that’s available.
It’s a fairly decent proxy, obviously, as you’re making major investments like testing an AI now. But I think that’s a fairly decent place to put it for now and then obviously as we get more experience we’ll update you from there.
Tom Blakey: Okay thanks again for that review and update there. Back to Noname and the kind of setup here so we model it correctly and look at organic growth. Did that $20 million for the back half includes like a cross-sell or uplift from being on the Akamai platform? Is that just kind of annualizing what Noname’s revenues are today? And maybe from a strategic perspective for Tom, like is with Noname also purchased to be more of a — strategic asset in the context of not just API related posture management and bundling there, or is Noname going to be in — its code base going be more of a hub for bundling more additional security services for Akamai?
Tom Leighton: Yeah, I’ll just do a quick answer on the second part there. Yeah, Noname is strategic, API security is strategic, and we’re looking forward to integrating that more deeply in the Akamai platform and then building on top of it with new capabilities. And Ed, I’ll let you talk about the financial.
Ed McGowan: Yeah, so what we’ve baked in really is just essentially what we expect their contribution to be without a significant increase in sales from our revenue synergy. So there’s an opportunity to drive additional revenue synergy throughout the back-half of the year. Assumption there is it closes sometime in June. Going to train our sales reps up. It always takes a little while for an acquisition to settle, and then you start opening up sales campaigns and we’ll start closing some deals towards the latter part of the year. Hopefully we can do better than that but in terms of our thinking we just sort of layer in what that contribution will be and hopefully we can drive some revenue synergy in addition to that.
Tom Blakey: Thanks. Thank you.
Tom Leighton: Okay. Thank you, everyone. In closing, we’ll be presenting at several investor conferences throughout the rest of the quarter. We look forward to seeing you at those. And thanks again for joining us tonight. We hope you have a nice evening. Operator you can now end the call.
Operator: Conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.
