Seth Seifman: Great, great. Thanks. Then maybe as a follow-up for either of you, and I know you guys aren’t responsible for all the stuff that we analysts throw into our models, but if I look at the consensus for next year, it looks like people are thinking about kind of a 10.9% EBITDA margin, something close to 11%. Do you think that maybe there’s still some anchoring around–you know, with the idea of ever-expanding margins and stuff, that might be where things in this environment that we’re in now, this operating environment, where things might take a little longer to deliver on that or be a little bit tougher, and maybe expectations need to be a little bit more in check for now.
John Mengucci: Yes, I think what I’ll say to that is we’re 186 days into our year, we’ve got another 180-something days left. We’re going to focus on making sure we button up FY23 to our guidance and to a level that our shareholders have come to enjoy. Look, on the margin side, long term is what I would stress to everybody on the call. We were an 8%-ish EBITDA margin business six, seven years back. It’s great to be having the discussions of mid to high 10s and then where that cap is. The way we see it internally is, look, we are getting into higher and higher, greater and greater funding streams. It’s how we move from 8 to mid to high 10s, frankly, right? It’s really strategically taking a look at the book of business we have and not resting on where we’ve been but looking at where the trend lines are going to be, and the fact that there was going to be greater spend in some areas that we no involvement.
Four, five years ago, six years ago, getting ourselves involved more into the national security side, getting us more into space gives us much better chances at continuing to drive margins than we would have been with our, let’s say fiscal year ’17 portfolio, so I’m going to shy away from crystal balling FY24. I really want to focus on this year and finish strong, get the share buyback executed, look for places where we still think we’re not highly valued enough, and going to take some opportunistic stabs at taking some additional shares out and really trying to position us well for our guidance call that comes along August of ’23. Thanks so much, Seth.
Operator: Our next question comes from Mariana Perez Mora with Bank of America. Please go ahead.
Mariana Perez Mora: Good morning.
John Mengucci: Morning Mariana.
Mariana Perez Mora: For my first question, it’s a follow-up on the commentary, the political commentary about next year, continuing resolution, about that. Have you seen any impact in your customer behavior from this increased uncertainty? Have you seen that commentary actually impacting the award environment, spending environment?
John Mengucci: Yes Mariana, thank you. Look, nothing around FY24, right? I think right now, as I shared earlier, from where I sit as a public company CEO in the national security space, it’s sort of an unbalanced scale between–you know, I like what this nation is going to do going forward, and I would say there’s a higher probability that there are supportive FY24 budgets than not. If we look at FY23, we have a fully approved, signed off and appropriated government fiscal year 2023 budget, so with our customers, there’s much more certainty. In my senior level meetings, there’s much more certainty around how they’re going to push money now. We still have this contracting officer thing and everybody on the federal government sees that and they’re all working that – that’s going to take some time to get fully corrected.
