So you look at several of the solutions that we offer today, we have those types of technologies embedded in those solutions. I know when people talk AI today, it’s usually about ChatGPT and about the idea of using it to write software and all that kind of stuff and we’re certainly investigating those things. But we have been in this space for quite some time and leveraging these tools for some time. And I’ll ask Greg to kind of share with you some of the detail around some of those things that we already do and that we’re working on today.
Gregory Adelson: Yes, so just to add to that, Vasu, I think a couple of key things. So on the robotic process improvement, our automation side, we’re using that in our continuous improvement initiatives. So all the things that we’re doing around the company to improve processes, put things in place that where there could be automated, we’re using that type of technology to help there, couple of our key products that Dave has already mentioned on the call, but what we’re doing in our Financial Crimes Defender has significant artificial intelligence components to it, things that we’ve done in our pay center offering and what we do to fight fraud in that world as well as that. So, our CTO office in many of us across the organization are working together to evaluate some of the key players in the space.
We really think the FinTech world is going to grow significantly in this space over the coming years. And so we’re spending a lot of time looking at those companies for opportunities to partner and-or other things in the future.
Vasu Govil: Thank you very much. That was very helpful.
Operator: [Operator Instructions] Our next question will come from Jason Kupferberg with Bank of America. You may now go ahead.
Jason Kupferberg: Good morning. Thanks for taking the question. I wanted to circle back on free cash flow just thinking beyond this year, Mimi, I know you made some comments, just around the tax law changes. I think you said there is a five-year duration around that which I guess, started in year F ’23. So free cash flow conversion, I know, is 60% for F ’24, is that kind of a baseline zip code to think about for the next few years beyond fiscal ’24? I just want to make sure we have our expectations properly calibrated there. Thanks.
Mimi Carsley: Thank you, Jason. So yes, for FY ’24, we are giving guidance of 60% that does incorporate the sustained higher cash tax levels related to the Section 174 legislative change. It does reverse, so to speak, over the five-year period and kind of neutralizes itself as higher cash upfront less later on. We’re continuing to do analysis on the long-term, what is the target. As we shift our business model from severance, several years ago, when we are more of a license and maintenance model and targeted 100%, but now it’s more of a SaaS model. You have less dollars every year from an annual maintenance perspective and more of a continual – from a revenue recognition, long-term contracts basis. So between that and our capital spend and looking at all of the drivers of free cash flow, we’re thinking about what is the appropriate target to have and will share with you that.
I would say it’s likely to be over, you know, the FY ’24 guidance, but, we – it’s a little early to say. But, I think the long-term drivers are certainly better than the FY ’23 free cash flow story.
Jason Kupferberg: Okay, okay. Understood. And then just coming back on the quarterly cadence of non-GAAP revenue growth. I know you highlighted Q1 being the trough of being below the full-year outlook. It sounds like will Q2 be above the full-year range and then we move kind of back into the range in the back half of F ’24, and if you can just walk us through what’s actually driving some of that quarterly fluctuation? Thanks.
