Rohit Kapoor: Sure. So Mayank, for us to be able to successfully deploy Gen AI, what we need are AI experts and what we need are engineers. The Gen AI experts are things that we think we need to develop on our own because there isn’t a very readily experienced skill set out there. But the engineering talent is something that we can acquire from the outside and add on to our capabilities. We are obviously investing very heavily in terms of reskilling and upskilling our existing employees. And that’s being done not only through academic coursework that we’re making available to our employees but also through that direct involvement in projects and in POCs that we are developing so that they get the practical experience as well.
Today, almost 2/3 of our employees have taken advantage of AI training and development tools. We have a core team of about 1,500 Gen AI experts in the company. and we are going to continue to add the engineering talent alongside with this AI expertise that we have.
Mayank Tandon: Got it. Very helpful. And then just finally from my side, Maurizio, any thoughts around M&A pipeline, how are the opportunities in the market? Are you seeing more attractive valuations? And then just in general, capital allocation priorities as you move forward.
Maurizio Nicolelli: Sure, Mayank. So we’re in a very good spot in terms of capital allocation. When you look at our position as a company, we’ve got right around $250 million in cash. Our debt now is right around $345 million. And we’re generating adjusted EBITDA this year, projected will be somewhere between $375 million and $400 million. So we have plenty of capital to allocate, and we’re fairly underleveraged as a company, which puts us in a very good spot. So for us going forward, our allocation of capital really will be between share repurchase and M&A. And in the M&A pipeline, we are seeing more opportunities for us going forward, particularly in the core areas that are most important to us. It’s capabilities within AI, particularly Gen AI data management, those are really core areas of capabilities for us in the segments we really operate in to really build out and further develop our overall business within those two areas.
So that’s we’re seeing more opportunity there. In terms of valuations, we do see valuation becoming a bit more reasonable than they have been in the past. So that gives us more opportunity to really be more active in the M&A market. And you’ll probably see that in the next 12 to 24 months as we go forward. And we have the ability to lever our capital allocation between share repurchase and M&A, meaning if we do more M&A, we can reduce, if needed, our capital — our share repurchasing, but it’s our intention to really push forward on both.
Mayank Tandon: That’s great color. Thank you so much.
Operator: And thank you. And I’m showing no further questions. I would now like to turn the call back over to John Kristoff for closing remarks.
John Kristoff: Thanks, Justin. Thank you, everyone, for joining our call today. And I would again remind you to please register for the investor event on May 7. Preregistration is required. So please, if you have not done so, go ahead and do that. And as always, for any follow-up questions, feel free to reach out to me directly. Thank you. Have a good day.
Operator: This concludes today’s conference call. Thank you for participating. You may now disconnect.
