Now if a customer does call us up, a few months after the server end of life. They’re on a server unsupported license and need to help move into the cloud. we absolutely will help them move to the cloud as long as they decide to purchase a cloud license. And with that, we’re happy to have the technical conversation with them to help them move their server licenses up to cloud and whatever technical discussion is required. But that is the only place where we will, to engage those sort of customers, is if they have decided to purchase cloud itself.
Scott Farquhar: I’d add on to that, stepping back at the macro level. We’ve had a couple of years now where we’ve been focused on migrating our customers with a compelling event of server end of life. But at a macro level, half of the migrations we’re getting are from data center. And so that figure doesn’t turn off come February next year or if that’s going to continue to be there. And we’re continuing to invest in migrating customers across and we continue to invest in making our cloud platform better and better. That’s both attracting new customers to cloud and of course, continuing the migrations from data center. So these are investments that like over time, will plateau and we’ll start getting our peak migration investments will, at some age start decreasing, and we also say where more and more of our customers are in the cloud.
And if you think about the innovation that we can bring in cloud because of the platform we’ve got there, that’s what I get really excited about. Our ability to bring new products to market is way, way, way faster in the cloud, and you’ve seen that with our product discovery, you’ve seen that with Atlas with Compass, with Jira Work Management, which is easy for us to get our customers to migrate from Jira Software and give that nose user in the HR department or in the marketing department to study in Jira Work Management to track their work. It’s easy to put Jira Service Management into these customers and cross-sell there. So the ability for us to both build new innovation in the cloud is way higher, particularly because we built this cloud platform that we’ve talked about and you’ve seen and the reason we can bring AI to all of our customers and all of our products, so quickly is the investments we’ve made in this cloud platform.
And as we hit peak migration, like we’ll be out a bit more and more asset behind building new things in this platform. And of course, acquisitions worked really well as well. The fact that we’ve got these new customers in clouds is way easier to introduce them to Loom than it is for a behind-the-firewall customer out there. And so I’m super excited. I know we’ve focused a lot on migration historically, and I know it’s really important and it drives a lot of kind of people spreadsheets about how they think about the business. But the more customers we have in cloud, the more innovation we can deliver, the better we can cross-sell our customers, the easier it is for us to get more incremental users inside our inside of products then go wall to wall.
And so I’m really excited about more I looked around the opportunities we have and particularly in this moment when customers are coming up for consolidation and they’re talking to us and saying, “Hey, I got to get rid of plenty of other vendors out there because you’re mission critical “and you do things that no one else can. And, you’ve got a lot of analytics that allows me to show how work moves across my entire organization. They are great conversations to have. And migration is great, but the real benefits are going to come on the far side of those migrations. And I think that’s worthwhile pointing out.
Operator: Thank you. That’s all the questions we have time for today. I will now turn the call over to Mike for closing remarks.
Mike Cannon-Brookes: Yes. Look, thanks, everyone, for joining the call today. As always, I appreciate your thoughtful questions and continued support. It’d be a bit remiss of me not to thank Cameron for his 11 years of amazing dedicated support friendship and everything else, ending as our Chief Revenue Officer jointly over the last few years. So just from me and from all of the team, thank you to Cameron before he heads off to his rocking chair and his fortune in retirement, and we hope he really enjoys that. Secondly, on the heels of our high velocity event that Scott talked eloquently about earlier. We have Unleash, which is our agile and DevOps market event next month in Amsterdam. And we’ll be hosting a virtual ESG forum, both of which investor, sorry, the virtual ESG Forum is later this month, both of which investors are welcome to please. We hope to see you there. And beyond that, we hope you have a kick-ass rest of your day. Thank you for being here.
