Operator: Your next question comes from the line of Alex Henderson of Needham. Your line is open.
Alexander Henderson: Great. I rarely hear somebody talk about an “amazing pipeline build”. And I was hoping you could talk a little bit about the composite of that. How much of that is driven off of just simply the broader adoption of the platform existing customers and the like. Much of that is driven off of the recent new product and technologies that were announced and the reaction from your trade show midsummer. And the reason I ask the question is, obviously, with the 6 months plus sales cycle, I assume that, that midsummer build might be helping visibility? Thanks.
Matt Cohen: Sure, sure. So listen, I think when we think about our pipeline, it’s a little bit of check, check, check, all of the above. We see our pipeline being affected by the ability to be able to sell a much broader portfolio. And in fact, while the PAM pipeline continues to grow in a really nice way, and you saw that in our results this quarter, we see the solutions outside of PAM, growing at a faster rate. We see our access business continue to grow. Our secrets business continue to grow. As I mentioned, we see some nice pipeline build around our Secure Cloud Access, EPM continues to be a bright spot for us. So we definitely see the kind of mix of the portfolio coming to play to help build the year-over-year growth rate in pipeline.
And whenever I’m talking about pipeline, I’m always talking about year-over-year growth, not just an absolute number. Now in addition to all of that, we also see the way the pipeline getting built to be in a much more healthy manner. Meaning, if you rewind — rewound a couple of years ago, all pipeline came from sales. And now we start to see actually that our routes of pipeline build, what’s marketing generated pipe, what’s channel generated pipe, we see those starting to kick into high gear and that broadens our ability to have a better go-to-market engine. And so when you combine a broader portfolio that seems to resonate with customers, with broader routes to market that actually can build pipeline, that’s how you end up in the situation that we’ve been in for several quarters where we’ve talked about our pipeline kind of building at a really strong rate.
The events that we put on are wonderful, and we didn’t just do the by the way, the event in last spring. We’ve been doing a world tour at ’15, ’17, whatever it is countries around the world [ph]. I can’t keep track because we’ve been traveling so much. And each one helps us to tell the story and help customers understand why identity security is so important and why CyberArk, who they should choose. And that all goes together to put us in a healthy position as a company where we had a really great quarter that we could talk to. We were able to guide forward with the guidance we put out there, and we look towards next year with optimism. And for sure, we look towards our 2025 and 2027 targets with a good — with a strong degree of confidence in our ability to be able to go ahead.
Operator: We’ve run out of time for questions. So I will now turn the call over to CEO, Matt Cohen for closing remarks.
Matt Cohen: Thanks, everybody, and thanks again for everybody’s support to us personally. It means the world. I want to finish by where I started by saying our #1 priority is our employees, their health, their well-being. They’ve done such a tremendous job of working under these challenging conditions. And I’m really proud — proud to be part of this company and work with such amazing people. We continue together to make sure we focus all together on our customers and securing them against the cyber threats that are out there. Thanks, and talk soon.
Operator: This concludes today’s conference call. You may now disconnect.
