F5, Inc. (NASDAQ:FFIV) Q4 2023 Earnings Call Transcript

So we do expect at some point we’re in the that we will pick up in bookings from that Q4 level and then return back to a higher-level. I can’t say normalized level, because it’s tough to know when exactly that will, will take place. But our outlook and our expectation is not that we are going to do $180 million less with systems bookings, our SaaS systems revenue. Our bookings will improve, but the revenue will be down from last year because of that $180 million of headwind.

Francois Locoh-Donou: And to the second part of your question, in terms of Silverline no, it’s not going to be all in one quarter. You know, it’s going to bleed off over the next couple of years, kind of, every quarter. And it’s going to be time with, you know, when customers are at a point where they have to renew or migrate their subscription that there will be a decision point. And so you’re going to see it I think over the next six to eight quarters.

Simon Leopold: Thank you.

Operator: Ladies and gentlemen, this does conclude today’s teleconference. Thank you for your participation. You may disconnect your lines at this time and have a wonderful day.