Joseph Vafi: Hello gentlemen! Good afternoon. Thanks for taking my questions here. I just thought perhaps we’d focus a little on the catalyst line of business a bit more. I know you signed up a large €“ a very large deal there last quarter. We get an update on progress there. I know you’ve cited it as a growth driver, but just a little more incremental color on progress on that and then a quick follow up.
Chris Caldwell: Yes, for sure. Thanks very much for the question. So we have started the project. We started it a little sort of mid-December’ish, early December when we kicked off and started putting, I’ll call it feet on the ground. That is one of the projects that’s ramping slower than expected, primarily because of the change. There’s a number of things that decline is coordinating within their ecosystem with vendors that are leaving us, that are taking over some of that work and projects that they’ve got on play that are being kind of reorganized in terms of what we’re taking on and doing. Based on what we’re seeing, we’re expecting that it will be back on pace with our expectations in Q2, but we’re pretty happy with this going so far.
The clients happy with what they are seeing and looking forward to kind of getting into more of the meteor stocks. As we mentioned originally when we announced the deal, it will start to contribute more meaningful to our revenue in Q3, Q4 and that’s still frankly the plan and what we’re seeing.
Joseph Vafi: Got it, thanks for that. And then maybe if there’s any differences in the current demand environment for the kind of more complex IT solutions work right now versus some of the CX work. I’d be interested to compare and contrast demand drivers given the macro right now. Thanks a lot.
A – Chris Caldwell: Yes, for sure, good question. So we are seeing a change in some of the demand from what I’ll call as discretionary IT projects. Think of it as sort of you know rewrite of workflow or other things that might be more customer experience facing versus cost takeout automation. We are seeing a higher demand requests for more consulting and journey mapping around how we can take costs out, and then if it drives a different customer experience, then delivery on that. And so that has changed a little bit in terms of what we’re seeing within our Catalyst business. From the larger infrastructure projects that we are dealing with, frankly they are tied to fairly significant ROI’s for the client and so there’s been really no impact in those.
They continue to come along. We continue to bid and win new projects within that space and so that seems relatively stable. Anything pure €“ I’ll call them vanity projects for the lack of a better term. Those generally dropped out of the funnel in sort of the Q3 timeframe.
Joseph Vafi: Great! Thanks very much guys. Much appreciated.
Chris Caldwell: No problem.
Operator: Thank you. That’s all we have time for today. Thank you for participating in today’s conference call. This does conclude the program. You may now disconnect.
