Seamus Grady: Yes, it’s difficult to say at this point, Tim. We’re really focused on getting the products introduced. Obviously, DZS is now introduced and is in our — it’s in our numbers, if you like, it’s in our forecast. It’s in our Q1 number, Nokia’s 30 days. But we think there’s a lot of opportunity there both in the access space, but in the onshoring generally — opportunities for onshoring generally. And also, if you call it, if you like friend-shoring. Thailand is a friendly location to manufacture for our customers. So, we’re very focused on that, but it’ll be very difficult to size it at this point, Tim.
Tim Savageaux: Okay. Thanks very much.
Seamus Grady: Thank you, Tim.
Csaba Sverha: Thank you, Tim.
Operator: Thank you. Please standby for our next question. Our next question comes from the line of Dave Kang with B. Riley. Your line is open.
Dave Kang: Yes. Thank you. Good afternoon. My first question is, what was the supply chain impact in fiscal fourth quarter? And what is your expectation for this upcoming quarter?
Seamus Grady: So, Dave, we had considered — if you look back at our last earnings call, we had forecasted or considered about $15 million of a revenue headwind from supply chain constraints in Q4. And that’s the way it panned out really. It was there and thereabouts, about that level. The good news is that the supply environment continues to improve and we’re now at very manageable levels for supply headwinds, just normal supply challenges that everyone faces. And we really don’t feel the need to call out that impact at this point. So, we’re actually not — we’re not calling out any specific number in our Q1 guidance, and we won’t unless something changes considerably in the future.
Dave Kang: Got it. And my follow-up is, so last quarter, you talked about three tailwinds: 400-gig intra-DC, 800-gig intra-DC and 400-gig ZR DCI. Have they changed since then? And which is the strongest of the three for you now? And do you expect them to remain tailwinds for you next calendar year or fiscal year?
Seamus Grady: Yeah, fiscal year. I think they all remain tailwinds. I think the 800-gig AI data center transceiver program, if I had to rank them in terms of the significance, that’s probably the biggest opportunity followed by 400 ZR in terms of growth and then 400-gig, I think they’d be the order in which I would put them. But I think we’re very excited. We’re ideally positioned. We really think we’re ideally positioned. The growth in datacom, again largely driven by these three product areas, if you like, is more than offsetting the declines in telecom. So in the future, as telecom comes back, we think the growth in datacom is sustainable and is long term. So, we should benefit we think nicely when telecom comes back after all the inventory has been digested.
Dave Kang: And just to be clear, you expect those rankings to be kind of remain as is in fiscal ’24, or could they change?
Seamus Grady: I think maybe the two and three could change. Let’s say 400-gig growth could outpace 400 ZR. But 400 ZR is growing nicely. We have a number of customers in that area, as you know. It’s growing nicely. So I would say 800-gig is the biggest growth opportunity and then followed by either 400 ZR or 400-gig inside the data center, both of those represent sizable opportunities as well.
Dave Kang: Got it. Thank you.
Seamus Grady: Thank you, Dave.
Operator: Thank you. At this time, I would like to turn the call back to Seamus for closing remarks.
Seamus Grady: Thank you for joining our call today. We executed well in a dynamic environment to produce fourth quarter results that exceeded our guidance ranges. We remain well positioned to continue our track record of strong execution, and we remain optimistic about the positive long-term trends in the markets we serve. We look forward to speaking with you again. Bye-bye.
Operator: Ladies and gentlemen, this concludes today’s conference call. Thank you for your participation. You may now disconnect.
