So, I think this represents a unique opportunity for Extreme to really step up in the marketplace and that’s how we see it.
Christian Schwab: My last question deal with the recent consolidation in this space, you did a big consolidation years ago and extremely confused your customer base about which products you were going to support and which products you were not going to support. So I think with that as a backdrop should set you up to be well positioned to take advantage of what could be potential confusion in the marketplace. Do you think that that will help be a competitive advantage for you to gain share?
Ed Meyercord: We do. It looks like, from the announcement, it looks like HP was very interested in the AI platform that Juniper brings to the equation and that Juniper leadership will be heading the networking side. What does that mean to the massive install base of Aruba and Aruba Technology. It raises a lot of questions And for customers, it raises an awful lot of questions. And keep in mind, Juniper has come at enterprise really from the service provider position. And so in terms of the breadth of their portfolio, they are still miss (ph) this very much kind of driving the efforts. And in terms of the full end-to-end enterprise solution, it’s not as robust. And so how that incorporates and how that gets built into the Aruba enterprise solution set, there are a lot of questions out there, and I think that’s going to create opportunities for us.
And we’re very focused on a very clean and simple and flexible solution in terms of our universal hardware, in terms of interfacing with One Cloud. This presents a very fresh alternative and a very clean alternative for customers that are out there. The other thing that you’re aware of Christian from our prior M&A activities is that they baked a lot of synergy into the formula. And when you look at $430 million, $450 million of expense coming out of the business, you’re talking about thousands of people coming out of that business, and where they come from, and how that plays out again will create disruption. and as I mentioned earlier, we’ve gotten calls from, we’re already getting calls from employees and customers and partners, so we think this will present opportunities potentially hiring opportunities and new growth opportunities for us.
Christian Schwab: Great. No other questions. Thank you.
Ed Meyercord: Thank you.
Operator: Thank you. And our next question coming from the line of Dave Kang with B. Riley. Your line is open.
Dave Kang: Thank you. Good morning. My first question is regarding bookings. You reported that Asia and Europe were up double-digits year-over-year, just wondering, if you can provide any color on North America bookings?
Ed Meyercord: I mean the color is, I’d say that’s, that’s the area where we’ve been challenged Dave. In terms of the bookings, we were close to a book-to-bill ratio of 1 in the quarter so that was a positive news, but North America was down year-over-year.
Dave Kang: Got it. And then, so sounds like the fiscal third quarter, most of the inventory — excess inventories will be flushed out. So can we expect fiscal fourth quarter to be sort of like a clean channel inventory.
Ed Meyercord: Yes. That’s exactly our intent is to get it cleaned and to have, get normalized in the fourth quarter and beyond.
Dave Kang: So sounds like…
Kevin Rhodes: Yeah. I would just add. We look at obviously normalized backlog has happened quickly and more quickly than originally anticipated and as we look at entering Q4 we look at normalized backlog and normalized channel inventory. So somewhat of a clean slate is, we head into Q4 and turn the quarter into to fiscal ’25.
Dave Kang: And based on your fiscal fourth quarter guide — revenue guide you’re implying that orders will be up significantly sequentially from third to fourth quarter, correct?
Ed Meyercord: Yeah. We’ve got the E-Rate season there. We mentioned that earlier. So we are expecting sequential growth. A, our two strongest quarters in a year are the fourth quarter and the — second and fourth quarter of our fiscal year. So as we think about the June quarter, you got the E-Rate season there. They’ve got a stronger pipeline than we have in the third quarter here, and we’ve got strong E-Rate season coming at us. So we are expecting sequential growth in bookings.
Dave Kang: My last question is, Ed, you mentioned that fiscal ‘25, you’re expecting meaningful growth. Just wondering, if you can kind of provide additional color. Should we expect like double-digits? Would that be meaningful?
Ed Meyercord: That’s correct and that’s how we’re thinking about it, David. So we looked at that, there’s going to be a tough comp in the first quarter, given that we landed it 353 last year, or this, for Q1 of this year. Then, I think you get to the second half as we turn the corner into calendar ‘25. Obviously, we’ll have a very much easier comp in Q3. But we expect that our marketing initiatives, our go-to-market initiatives in terms of the core business and then the realization of these new commercial models that are growing, that they haven’t really had an impact on our financials yet, that by the time we get to that calendar ‘25 timeframe. You’ll start to see a much more meaningful impact of those initiatives coming into play and adding to growth over just what we would consider to be kind of core market growth.
Dave Kang: Got it. Thank you.
Operator: Thank you. And our next question coming from Alex Henderson with Needham. Your line is open.
