But we don’t want to go into a new part of the company and announce that to employees and customers and make that our first focus because that’ll alienate both of those constituencies. So we’re really focused initially on getting to know customers, where they want us to invest. We do need to modernize some of the platforms, so we’ll build a multi-year plan to do that. But that’s sort of the reason for it’s more neutral this year. But what I can tell you is having met with the customers, I’m incredibly excited about their desire to do more business with Sinqia as we invest and our ability to sell our payments products to their nearly 1,000 customers.
John Davis: Okay. No, that’s helpful. And then Joaquin, I understand you guys don’t want to give too many details on the Sinqia contribution, but they were a public company. So just running some quick math, it looks like if you exclude the Getnet contribution in 2023, the midpoint of the rev guide is about 2% organic growth. And I think Mac, you talked about earlier, the economy and the picture in Puerto Rico is kind of looking up. So just curious, kind of how we square 2% organic revenue growth with healthy kind of Puerto Rico macro. And you guys have historically been conservative and I appreciate it’s February and you’re given a full year guide, but just anything else to kind of call out as you kind of thought about the top line outlook on an organic basis in 2024.
Joaquin Castrillo: Hey, John. I mean, I’m trying to follow some of that math that you’re doing, but in theory, if you were to exclude the Getnet impact from the prior year, we should be in the low- to mid-single-digit range, right?
John Davis: Okay.
Joaquin Castrillo: I’d like to kind of understand that a little bit better from you, but that’s a little bit different from what we’re seeing.
John Davis: Okay. Maybe my Sinqia contribution embedded in the guide is just a little bit higher. Mac just commented that decelerated a little bit. So maybe that’s the delta between 2% and kind of closer to mid-singles. But that’s super helpful, Joaquin. And then finally, just on the tax rate, nice positive surprise there, taxes being lower. Is that sustainable? Like, how should we think about the tax rate going forward? You’re not looking necessarily for 2025 guidance by any means, but just is this something that is kind of one-time in nature this year or something? How do we just think about the tax rate going forward, I guess?
Joaquin Castrillo: No, I mean, look, I think that obviously, we’re not going to give multi-year guidance here. Some of the factors that are driving this, we understand we can sustain. But that’s something that, as the year goes on, we’ll be in a much better position to kind of discuss. For this year, we’ve given, obviously, a guidance that’s significantly lower than what we’ve done in the past. And that’s for very specific reasons that we tried to convey as part of the prepared remarks, one being, obviously part of the tax shield that we’re getting from some of the interest expense and then some of the benefits that we’re getting at the Sinqia level.
John Davis: Okay. No, appreciate it. Thanks for the color, guys.
Operator: Thank you. And this concludes our question-and-answer session. I would like to turn the conference back over to Mac Schuessler for any closing comments.
Mac Schuessler: Again, we want to thank you for joining the call today. We want to thank our colleagues for a successful year in 2023 and look forward to reporting our results in 2024 and seeing many of you at upcoming conferences. Thanks and good night.
Operator: Thank you. The conference has now concluded. Thanks you for attending today’s presentation. And you may now disconnect.
