Armon Dadgar: Yes, sure. I think I’d add two things, which is one is, I think to Dave’s point, it implies cloud, but I think more than that, it actually implies multi-cloud. Because what we’ve seen from a lot of enterprise customers that maybe are predominantly on one CSP or had a hybrid strategy. Now people are looking at how do they leverage best-of-breed technology across a multi-cloud estate. And I think that raises the salience of our portfolio in terms of enabling multi-cloud access control with things like Vault, enabling user access across these different services with Boundary and obviously provisioning across it with Terraform. So, I do think that priority shift has been interesting and helpful for us. And then to the folks that are heavily invested in private data center, we’re also seeing interest there in tools like Nomad.
And I think that was a major customer that we discussed this quarter that there was an on-premise expansion around Nomad to drive GPU workloads. So, we are continuing to see sort of AI driving a bunch of interesting workload shifts, both in cloud and on-premise for us. I think to your last question, which was on the BSL change and should we expect any impact from that. No, I think the key motivation for us is really understanding how do we get to the right long-term model that allows us to continue and invest in open innovation in the product. And that’s really what it’s about, and that’s what the license change enables us to do. And so, no expectation in terms of revenue.
Operator: And I show our next question comes from the line of Nick Altmann from Scotiabank. Please go ahead.
Nick Altmann: Awesome. Thanks, guys. I just had a quick question on the acquisition of BluBracket. I guess maybe a two-part question here. The first one just being is, is there any revenue contribution that we should be aware of on a go-forward basis from BluBracket? And then, secondly, can you guys just maybe unpack your strategy around M&A and whether or not we should expect more of these types of acquisitions, or is there any appetite to maybe do larger acquisitions?
Armon Dadgar: Sure. Yes, let me take the first one, we can talk about kind of the philosophy of how we’re thinking about M&A. So, on BluBracket, the company came with a small amount of incremental revenue. We’re in the process of integrating the teams, integrating the products, and that’s going well and is sort of ahead of where we thought schedule-wise from both team integration and product integration. So, our hope is to have that on market in relatively short order. So, small impact to revenue today, and we expect more of a contribution next year as it’s fully integrated. As we think about kind of the philosophy of M&A for us, we’re very much focused on where there are products that are adjacent to our core offerings, where there’s sort of a natural synergy.
So with BluBracket, I think the obvious synergy for us was for customers that are starting with Vault, their first and obvious question is how do I help onboard secrets that I have in my estate interval? And BluBracket helps solve that gap. So, it’s an obvious adjacency, has clear synergy to same buyer and really helps accelerate Vault adoption. I think that’s really where our interest lies. As we look across core products, where are there opportunities to accelerate our road map. And obviously, we look for alignment to our core products and core buyers.
Operator: Our next question comes from the line of Gray Powell from BTIG. Please go ahead.
Gray Powell: Great. Thanks for taking the questions. And congratulations on a good set of numbers here. So, I just wanted to maybe drill into current RPO and just how we should translate that to the guidance. If I look at Q2, current RPO had a good sequential improvement just on an absolute dollar basis versus Q1. And then, the year-over-year growth actually ticked slightly higher in the quarter. So, I’m just curious, is there anything just other than conservatism that would explain why revenue was roughly flat in Q3 from Q2. Just any moving parts there to think about?
