Dan Fleming: Well, it really is. It goes back to the theme that you’ll be picking up on here which is a lot of the current trends really are emphasizing the uptick in the need for 50 gig to 100 gig lanes and we’re seeing that benefit across all of our product lines. We spoke – if I were to call out a few even though they might not be 10% of the overall revenue mix both optical and chiplets contributed materially in the quarter, line card has always been a strong performer for us. So there’s just broad-based favorable product mix that we experienced within Q1. And as you rightly point out, our overall gross margin was 60% and we achieved that while IP was only 8% of our revenue mix. So we’re quite pleased with the performance of our operations group and the entire organization to achieve that.
Quinn Bolton: Yes. Nice job. Thank you.
Operator: And thank you. And one moment for our next question. And our next question comes from Matt Ramsay from TD Cowen. Your line is now open.
Matt Ramsay: Thank you very much. Good afternoon, guys. I guess my – for my first question, there’s a lot of things that picked up in the commentary over the last 20 minutes, it seems pretty positive three different 10% customers. The guidance being what it was sort of above consensus and the expectation to grow for the remainder of the fiscal year. And so I guess I’m wondering if you could detail a little bit more A) Are you now expecting to sort of grow for the fiscal year of ’24 over ’23? I know you guys have kind of set a ballpark for it being flat when the reset happened in February and a lot has happened since. And it seems like with the momentum you’re describing here you should easily be able to grow this year, but then there was some commentary that you gave, Bill, maybe a little bit more caution in the back half of the year in other parts of the business.
Maybe you could just kind of unpack that a little bit more and if you have a new sort of expectation for the year that would be helpful. Thanks.
Dan O’Neil: Yes, let me address that for him. Thanks for the question. We – so as I mentioned in my prepared remarks actually, we do remain cautious as you say in the back half because a lot of the shift that’s happened in hyperscale data center spend to AI, it’s given us a lot of opportunity to engage with customers that are existing customers and new customers on new programs that we’re having a lot of success in. But as these new customers and programs ramp, it’s always difficult to really pinpoint exactly the impact or how quickly they will ramp. So we remain cautious in the back half as we’re continuing to get better clarity in that back half. So if you were to boil that down to kind of simple math, Q1 we did what we did. Q2 if you take the midpoint of the guide, there is a little bit of upside over what the expectation was that we had said previously. But at this point, we’re not giving further for the guidance in the latter half of the year.
Matt Ramsay: Got it. No. Thank you. And understand the moving parts. I guess, as my follow-up I wanted to dig in a little bit more on the optical exciting to hear about the hyperscale win there. I’d be interested in two things. One, if you guys could spend a little bit more time maybe talking through the competitive advantage that you have in those products, particularly around sort of the N-1. The advantage that you have in some other parts. Does that apply to optical? And second, if you need to scale that optical business to support these large customer wins, what are the – I guess the points that you really need to hit and the limitations on scaling or the big sort of projects ahead of you there because it seems like that’s something that might need to ramped really quickly. And I’m just kind of trying to check on the capabilities there. Thank you.
