Atul Bhatnagar: Some. Yes, some. But I think Wi-Fi 6E has so much horsepower in the outdoor arena and indoor arena that I think as of now, some, but I would say most of it is Wi-Fi 6. But that will change in probably 2023 second half and 2024.
Erik Suppiger: Very good. Thank you.
Atul Bhatnagar: Thanks, Erik.
Operator: Thank you. One moment for our next question. And our next question comes from Paul Essi with William K. Woodruff. Your line is open.
Paul Essi: Yes. Thank you for taking my question. Well, my questions have been answered. But I’ve got a couple of quick ones. In the software area, what percent of the software revenues are now within a SaaS model? And what is the average, is it a one year, two year, three year contract that you sign with them?
Atul Bhatnagar: Yes. Hi. Thanks for the question. So as a percentage of our total revenue, if you look at SaaS type revenue, that’s recurring in nature, both software and support services together is about 5% to 6% of our total revenue. And most of those deals, they do vary one year, two year, three, even some five, but I would say on average, they’re three year deals.
Paul Essi: Okay. Okay, because I noticed your deferred revenues are starting to build and I just wanted to —
Atul Bhatnagar: Exactly.
Paul Essi: — get an idea.
Atul Bhatnagar: That’s why. Yes.
Paul Essi: Okay. And second question. Real briefly, have you seen any labor issues? Some of the other companies have expressed concern that the year or two, there might be some difficulty getting this product out in meeting some of the specs that the government’s putting into the grants they’re providing?
Atul Bhatnagar: Paul, I didn’t understand labor issue. Could you be more specific?
Paul Essi: Well, labor €“ labor issues with rolling out the €“ rolling out the, you know, installations, they might be your bottleneck?
Atul Bhatnagar: No, no, we have not heard that. We had those issues, I would say in 2020 first half and then 2020 second half little bit.2021,people figured out how to work.w2022 no, I would not say we have heard labor issues on at least for our products.
Paul Essi: Okay. Well, thank you very much. That’s all I have.
Atul Bhatnagar: Thanks, Paul.
Operator: Thank you. one moment for our next question. And our next question comes from Tim Savageaux with Northland Capital Markets. Your line is open.
Tim Savageaux: Hey, good afternoon. And nice quarter. So I wanted to contrast a lot of these positives that you’ve been discussing in terms of PMP, 6-gigahertz new products 28-gig, I would imagine the fiber product would go in that bucket. Some funding for customers from the government. So there’s a lot of positives there, you appear to be guiding to very, very modest growth is PMP in 2023. Like, you know, low-single digits, maybe. And I know there’s kind of some recovery, maybe from the seasonal decline in Q1, but, you know, I guess how do we contrast, are we seeing kind of a fall off quicker than expected fall off of legacy products on the one hand, that’s kind of short-term, and then longer-term to get to your target, even if you assume Wi Fi is slowing.
