And we have been working on it for 5 years. I think the products introduced were about 2 years ago. And even for Cerebrus, I mentioned in my prepared remarks, several leading companies like Intel, NVIDIA, Samsung, Renesas, they all talked about the results they are seeing. We have more than 160 designs that we are tracking on Cerebrus. And if you include Verisium and optimality, we have hundreds of designs being done by AI. And because I believe in the next few years, almost all designs will have some AI component. And that is driving the growth that you’re seeing in our business and the outlook.
Gary Mobley: Thank you for that, Anirudh. And a quick follow-up for John, backlog up again. Nice job on that, up 32% in the year, next 12-month backlog up 26% on the year. Was there a large deal or renewal that came into the fray in the fourth quarter? Or maybe you could just speak in terms of the diversity of that growth?
John Wall: Yes, Gary, great question. I mean, we had a really strong finish to the year. And as you know, I mean, contract timing typically impacts the cRPO in any one quarter. But if you look over a typical contract cycle, you’ll see that we’re particularly pleased with the 3-year CAGR on cRPO. It’s tracking to mid-teens growth now, and that’s very consistent to the mid-teens growth we achieved over the last 3 years to 2022 and the mid-teens growth that’s implied at the midpoint of our guidance for 2023.
Gary Mobley: Thanks, John.
Operator: Our next question comes from Jay Vleeschhouwer from Griffin Securities. Please go ahead. Your line is open.
Jay Vleeschhouwer: Thank you. Anirudh, a wise man once said that silicon companies are becoming increasingly like systems companies, and systems companies are becoming increasingly like semiconductor companies. You alluded earlier to some of the additional opportunities that systems companies represent for you, for example, in CFD and so forth. In what other ways would you say that these two classes of customers do still remain different or different enough for you, even though they are becoming more alike and in ways that perhaps influence your €“ either your R&D or your go-to-market? And then the second question is if you could talk about where your R&D priorities go from here? The last number of years, you and, for that matter, Synopsys have significantly ramped up, for example, your investments in synthesis, verification, AI, you mentioned, of course. And from here, how are you thinking about the R&D priorities in areas like custom and CFD and of course, in AI?
Anirudh Devgan: Yes. Thanks, Jay. Very valid questions. And of course, great point that system companies are becoming semi companies and semi companies are becoming system companies. And like I said before, this is irreversible trend, okay? This is irreversible. And for us, we invest heavily in R&D, as you know. I mean, about 35% of our revenue is invested in R&D. That’s one of the highest percentages of any S&P 500 company. Just for your reference, you may know this already, we have 10,000 people in the company. 9,000 are engineers or computer scientists. Either they are in customer support roles or in R&D. And we always make sure that the core is good, okay, because the core has to be best-in-class. So whether that is synthesis, like you mentioned, place and route, circuit simulation, analog, verification, so that’s a given, making sure that the core is best in class.
