And so there’s no real change in what we were saying eight or so weeks ago in terms of that color.
John Cotterell: Just a couple of things to add to that, we — the dynamic, as we see it, is much more sector-driven and geo-driven. So the sector fluctuations are driving what’s happening in the geo rather than the other way around. So Europe has been relatively strong, largely because of the geos are strong in Europe rather than because of macro what’s happening in Europe. The other thing is we’re talking about payments going down as a vertical, but actually if you look at what we’re doing as a business, it’s because it’s becoming more of a horizontal. And some of those services that we were talking about getting embedded into the solutions that retailers and so on are offering means we’re still pretty busy from a payments point of view is just going into other verticals.
And actually that’s a real strength for us, because it helps us to break into other verticals with quite strategic conversations with clients. And then we’re able to build out from that as we expand into other verticals outside of our traditional strength in the financial services space.
Maggie Nolan: Thank you.
Mark Thurston: Thanks, Maggie.
Operator: [Operator Instructions] The next question is from Bryan Keane of Deutsche Bank. Please go ahead.
Nate Svensson: Hi, this is Nate Svensson on for Bryan. I was hoping that you could give us an update on how the Mudbath and DEK acquisitions are performing versus your expectations when you made those acquisitions? So how is integration work going and then maybe how do you feel about the long-term opportunity ahead of you in APAC? And then relatedly, I think you mentioned that inorganic contribution in the quarter was 7%. Just wondering if you’d give us an update on the expectation for inorganic contribution for the remainder of the year?
John Cotterell: Yes, so the deals that we’ve done in Asia Pacific are all going very well. The Lexicon one from last, well, just over 12-months ago. Mudbath and DEK, both settling in well, actually seeing growth coming through with their existing client base, but also winning new business. So, you know, we feel we’ve established a very strong position rest of the world. You can see it’s up to 10% of our revenues now. The team is coming together really strongly. And we see great opportunities that convert into organic growth in that part of the world. Obviously, with DEK as well, we got the Vietnam delivery capabilities. And we’re starting to deploy that into some other Endava clients, and so spreading our footprint from the Central Europe and Latin America capability that we have historically.
Vietnam, in particular, we’re seeing demand from some of our global clients, who were keen to have services in the Asia Pacific arena and those clients are following through on their asks before we did the deal and actually starting to put teams together in that part of the world. So it’s executing well. We’re very pleased with it. Mark, did you want to put some color on the inorganic?
Mark Thurston: Yes, yes. So you’re right, Nate. 7% in the quarter was the contribution from M&A. It will diminish as we go through the year, as we do the full 12-month cycle on them. So for the full-year, similar to what we said last time, contribution from M&A will be about 5% of the 2.5% cost and currency in the guide.
Nate Svensson: Got it, all very helpful. So I don’t think there’s been a question in the Q&A on generative AI, so I will take the opportunity to ask that one, so can you tell us, like how much of the sales activity and pipeline that you’re seeing is explicitly AI-related. I know some competitors in the space have talked about a lot of activity, but sort of not a lot in terms of actual bookings and booking size? And then also in your prepared remarks, you mentioned your internally developed AI platform. So maybe can you give a little more color on that platform and what differentiates it from other platforms that you see in the market? Thank you.
John Cotterell: Yes, so thanks for that. Congratulations on the first question on generative AI in this call. Yes, we’re seeing a lot of interest, a lot of conversations in the market. I think similar to other organizations, the challenge has been converting those into scaled projects. And one of the reasons for taking you through our internally developed platform is that is all about how you convert the ideas and the opportunities from generative AI into enterprise-scale deliverable solutions. So our platform essentially uses existing open source and fast solutions. So we’re not creating the generative AI capability. But we’re putting those onto a platform that actually enables well-engineered solutions to be put together very quickly and in a fashion that could be integrated into an enterprise environment and therefore enabled to scale.
