Patrick Brickley: And just real quick on the cost side, we’ve, the restructuring actions that we took already during 2022 will improve our profitability in 2023 relative to 2022, and will continue to be optimizing the business throughout 2023. And that will set us up for continued improvement on profitability we expect as we head into 2024. So we’ve taken a lot of cost actions that will improve profitability, cash flow, and as stated. We have to work through some comps on revenue. But you see with the ARR growth that we do think we’re moving in the right direction for the long-term.
Michael Berg: Thank you. And a quick follow up on ARR seasonality, we have the last four quarters now. In terms of net new ARR additions, can we think of these type of levels being the typical seasonality for ARR progression throughout the year? So it’s pretty similar from Q1 to Q2 and Q2 to Q3, then nice big jump in Q4? Thanks.
Patrick Brickley: So Q4 has been, seasonality a good quarter, right? So we are pleased that we had the highest quarter-over-quarter growth of the year. Those are, those being the last four quarters printed, the 2022 quarters, those are the only “good numbers” we have going forward as we did the, going back and recreating ARR numbers. We did not go back into with the level of time back into the prior year. So we’re going to be having good year-over-year of preparers beginning next quarter, but at the highest level we would expect the Q4 bump to be the highest kind of quarter-over-quarter bump of the year. And then as you know, ARR, it should be a pretty stable indicator of the predictability of the business as we move that steadily, steadily upward throughout the course of the year.
Operator: Our next question will come from Terry Tillman with Truist. You may now go ahead.
Terry Tillman: Yes, thanks for taking my question and followup. Maybe Dave, for you in terms of the risk center migrations, it sounds like that was kind of a newer kind of play or strategy that was unfolding and may have benefited 4Q. Could you give us a sense on just the size and scope of that opportunity as we progress through 2023, and is that going to be something that lingers in a positive way into 2024, just a little bit more on how the risk center migrations could help some of the KPIs in 2023?
David Wagner: Yes, that’s a good question, Terry. And so we talked about that last quarter, the total population entering last quarter was 175 target customers. We successfully migrated about 10 of them last quarter. That’s the pace we expect for the next couple quarters as we are digging into those customers. There’s a little more reticence to move from on-prems to the cloud than we had expected. We’re going to focus on moving that cohort with retention goal number one, growth goal number two, and cost savings, getting them gone as objective number three. So I expect that to be a pretty steady opportunity to move customers and drive ARR growth as those moves that through the course of 2023 and then I also do expect it to linger into 2024.
Terry Tillman: Okay, got it. And Patrick, maybe this is something I missed and it’s a really simple question, simple answer, but in terms of the total mix of business that’s perpetual license, what’s the assumption for 2023 as opposed to what happened in 2022? Thank you.
