Ken Sharp: Sure. It sounds good, Mike. So just, Ashwin, on the timing, we put out a $1 billion commitment on the share repurchase. And I think our perspective, that kind of looks like the end of this fiscal year when we file the K. So ideally, that would be the kind of ballpark timing we would hit. We always like to deliver on our commitment. So we’ll work at that. It always depends on what the share price does, volumes and all those things. Because as you know, repurchasing shares, it’s highly regulated, and there’s processes you need to follow. So we’ll do that in good stead, so we should be in good shape. The debt retirements, I think you’re also asking about, we just €“ we like to run somewhat fiscally conservative. We like to keep our leverage ratios in line.
So we have some European commercial paper. It’s relatively short duration. There’s no cost to take it out, so we’ll reduce that. We’ve got also some preferred stock that’s a little bit higher yield that it’s a mandatory redeemable. It also comes up at the end of the quarter. So we’ll clean that up and be in good shape. We do tend to keep a little bit of a cash buffer as well. So to the extent Mike wants to do some tuck-in M&As. We’ve always kept some reserves in one hand. So I’ll let €“ I’ll turn that to Mike for the remainder part.
Mike Salvino: So Ashwin, in terms of capital allocation moving forward, what I would say is focus on that inflection point. I made the inflection point about us getting to the end of FY2023. What you see is the revenues now aren’t declining. We’re definitely changing the mix of our business to GBS. We’re expanding our margins and EPS, and we’re generating good quality free cash flow. So as I look into 2024, one of the things that we’ll be discussing here is it feels like it’s time to start looking at the tactical tuck-ins. My two favorite slides in this deck are 15 and 23. And if you look at 15, you see the stability of the revenue. We basically are now in the same amount quarter after quarter after quarter. So now it’s a matter of let’s look at the new bookings, let’s look at the things that are potentially complementary to our business.
And then when you look at Page 23, you can see the challenges that we’ve come through. When we talk about the quality company, you can see how we measure that, and then you can also see how we’ll take the thing forward. So there will be some balance to the capital allocation. I’m not ready to say one way or the other. We’re going to get through our 2024 planning, but we’ve gotten to that inflection point, where I do think it’s time to start considering that. Do you have a second question, Ashwin?
Ashwin Shirvaikar: Yes, I do. Thank you. So investors are obviously very interested in revenue visibility, and you’re guiding to not just obviously the next quarter, but you gave initial outlook, new initial outlook for fiscal 2024, so speaking 15 months out. And I just wanted to ask you to kind of comment on your visibility sort of in terms of the bookings you had, but also the pipeline replenished, the segment level granularity that you’re seeing the model going forward, if you could comment on that.
