Scott Turicchi: Yes, look, you’re correct. The strong free cash flow quarter. Obviously, it starts with the EBITDA. So the EBITDA outperforming generally our EBITDA is primarily cash. So the outperformance in EBITDA relative to our expectations and certainly to the prior year is the key driver. Really taxes I don’t think came into play in a material way one way or the other. As you can see, the CapEx is relatively flat year over year as those and decelerations really begin now in Q2. So it’s primarily that EBITDA generation. I would also say, too, as we bought in that debt, there are less expenses we have associated with the whole capital structure, but that’s very much on the margin, certainly in the Q1 free cash flow. I think in terms of the full fiscal year, probably it’s fair to say the gains that we banked in Q1 should be sustained through the fiscal year.
So it moves us up from the low 80s to probably the mid 80s but there’s, you know, there’s a lot of volatility that goes into free cash flow. When you look at the four quarters, timing of tax payments is one, obviously, working capital is another. So but I think the success in Q. one and all the things that we are doing, particularly on the operational side, those should be sustainable benefits. So if there’s not a surprise in the tax rate or really not much the tax rate, but the timing of our tax payments for the too often have some gap between what we have through as a tax rate and the actual timing of the payments. But there’s no material change there and then we should be pretty good. It’s sort of the I think, close to the mid 80s for year.
Operator: Thank you. And we did have a follow-up coming from Jon Tanwanteng from CJS Securities. Jon, your line is live.
Jon Tanwanteng: Thanks for the follow-up. I was just wondering if you will, on any early communication with Accenture and if you did, you know, are they committed to a partnership with Monsanto and if or maybe they have other fast partners on their tech stack and you know if they are committed and how does that improve your opportunity over the long run in the public sector?
Johnny Hecker: Yes. So I think it’s too early to say or a day. The deal is in progress. It hasn’t closed yet on where we’re actually excited about and bullish about this deal. I think the footprint that Accenture has in the federal government is far larger, then the know very focused an approach that Cognizant they had. So it’s really a good addition to the Accenture offering because they complement each other very well and offer us the expansion more broadly. We haven’t talked to them yet as it is and isn’t closed some But but our I think our offering right now in the in the federal government space at the security level that we’re at is fairly exclusive. And so we are confident that that we can actually benefit from this from this merger.
Jon Tanwanteng: Okay, great. And then, Tom, can you just go into the RPU in corporate in Q1, it was up sequentially and I didn’t catch why if you could dive into that and tell me what you expect going forward, that would be helpful.
Scott Turicchi: So the arc in the quarter, we had some items last quarter that we mentioned with respect to some cash collections and terminations of customers. So it’s a mix, it’s a mix of that. And basically the quarter over quarter, you know, increase and number and our own revenue for the for the quarter, when you look at it sequentially versus Q1 two and three of last year, it’s very comparable. Yes, I would say the last five quarters have been within a fairly narrow band that are out there. You can move up at 300, some dollar base, a few dollars positive or negative off of that. And I would argue that kind of goes into just things happen throughout a quarter. So I wouldn’t I wouldn’t make a lot about it other than I would say they are but has been stable within a tight range for five quarters.
Operator: Thank you. There are no other questions from the lines and Scott, over to you for any Internet questions?
Scott Turicchi: Sure. We do. Yes, we do have a couple that have come in by e-mail. One is a really, I think, a guidance question, which is how to think of corporate revenue growth going forward, given the 4% growth in Q1 and the acceleration off the 3% we’ve seen the last preceding three quarters, I wouldn’t have a couple of comments, one one quarter in itself does not make a trend. So I think from a broader guidance standpoint, I would still be guiding people from a revenue and EBITDA towards the midpoint of our ranges on EPS, I would be closer to maybe even above closer to the higher end of the range, as Jim and others mentioned at the bottom line, there are these FX revaluations that are non-cash were positive in the quarter.
Of course, in Q4 they were heavily negative. We think we’re getting close to mitigating that volatility. But so far on a year-to-date basis, certainly for the three months and I could probably through April now they are definitely to the positive. So that’s adding probably $0.15, $0.16 to the bottom line certainly in the quarter, $0.16 is probably $0.15 $0.16 for the year right now. But I wouldn’t I wouldn’t be breaking out our corporate and extrapolating or the inference the question might be well, plus 4% this quarter can be 5% and 6% to 7%. Now I don’t I don’t we’re not there yet. Let’s see how Q2 goes, let’s see how the book of business builds some of the things that Jay talked about, how they contribute both in the quarter and the balance of the year.
And then we can revisit that on the Q2 call. The second question had to do with the solar business and whether the full impact of the marketing spend strategy has been realized in Q1. And the answer is no in the sense that there was a ramp down. So there wasn’t the full quarter benefit, if you will, of the savings because actually back to the earlier question of if you can be down 1.6 in revenue sequentially from Q1 to Q2, how do you have your EBITDA? Not quite but close to flat and that’s because there are some marketing dollars come out. The as we went through the first three months of Q1, there was a ramp down. So as you go into Q2, it’s at a lower level, should be an average lower level in Q2 than in Q1. Having said that, we found some very good opportunities where to spend money and some very good LTV to cap.
