Tim Savageaux: Okay, thanks. And last question for me. I mean, I think you noted a pretty strong backlog, which your port once a year coming out of last quarter. And I think, sort of U.S. private networks was the key driver there. And mentioned you hadn’t expected this order strength to continue, but am I right in thinking you’ve had, I guess two quarters in a row here of, I don’t know if you would consider above trend type growth. And can you talk about market growth versus share gain? I guess probably versus Nokia, principally, as a growth driver in private networks?
Peter Smith: We would say, it’s hard to say who we’re taking the share from, but we are growing above market trend in our private network business. And we would say that it’s principally due to share gain. But I wouldn’t break out who we’re beating, but we know that we are taking share.
Tim Savageaux: Okay, thanks very much.
Operator: Thank you. One moment for our next question, please. Our next question comes from the line of Theodore O’Neill with Litchfield Hills Research. Your line is now open.
Theodore O’Neill: Thank you very much and congratulations on a good quarter. My first question is if you could talk about your international revenue on a constant currency basis?
Peter Smith: Yes, sure. Thanks, Theo. Yes, so given the strength of the U.S. dollar and some devaluations, on a constant currency basis our total revenue for Q1 would have been up by 8.9% versus 7.8%. That’s not something we’ve typically discussed or disclosed or framed in that way previously. It hasn’t had that material of an impact, but with the advent of NEC, we’ll probably start talking about that in a little bit more detail going forward because it will become a slightly bigger factor in this business.
Theodore O’Neill: Why will it become a slightly bigger factor?
Peter Smith: Well, because more, right now, yes, only 10% of our revenue currently is denominated in non-USD currencies, right? And most of that is for services where the cost of goods sold is incurred in non-USD currency. So it’s well-matched there. With NEC, they historically have had more revenue in local currency, whether it be for products or services. We’ll work to migrate that to more of our SOP, but for the near-term that might become a bit more of a factor for us.
Theodore O’Neill: And on the same subject, do you pick up more, do you add sales force from the NEC acquisition?
David Gray: Yes, absolutely. So we will pick up about 200 employees with a lot of, I would say the lion’s share of those employees being sales or sales support or network engineers to support sales.
Theodore O’Neill: Okay, great. And you made some great progress on bringing down accounts receivable, and I was wondering, do you have a target for that, like a DSO target you’re trying to hit?
David Gray: Yes, I think what we said previously that our long-term net DSO target, this is net of unearned and advanced payments, we want it to be around 80 days. And I think we can get there in the fairly near-term. I won’t put a specific quarter on it, but it shouldn’t take us that long to get to that range.
Theodore O’Neill: Okay, thanks very much.
Operator: Thank you. [Operator Instructions]. Our final question comes from the line of Dave Kang with B. Riley. Your line is not open.
Dave Kang: Thank you, good afternoon. My first question is on NEC. I was wondering if any of their financial metrics changed since the date of the transaction that was announced several months ago?
Peter Smith: No, I mean, we did say in our remarks that we think it’ll be accretive one quarter earlier, and that’s based on the integration, collaboration we’ve done to date. So that’s an improvement, but the top-line and the margins remain unchanged.
Dave Kang: That’s kind of surprising, since there’s sort of like a flip-flop of you guys, so they have more exposure to public 5G operators now?
