Jennifer Tejada: Sure. I can start, and Howard, if there’s anything you want to add or if I choke to death that you can jump in. We continue to see a lot of the same macro trends in €“ particular in Europe where we had seen sales cycles elongate, we had seen more approvals and more diligence on deals. But what’s been pleasing is the ongoing engagement from customers and record number of transactions in the quarter. Even though those transactions maybe smaller than they have been in the past, it just shows that customers are still looking to partner with us long-term. And I think it sets us up in a really strong position when the market does recover at some point in time, we’re in a very good position with a competitive platform that is well seated into those customers.
So continued to see high engagement, had some really interesting wins, including the one we talked about in the food delivery space, a team that is executing very well given the conditions. And it’s early days for Japan. I’m excited about that market. I think that will be an important market for PagerDuty and an important market more broadly for the cloud and for software. But all I guess to summarize the economic environment has been pretty consistent in some cases, it’s gotten a little tougher and yet all of our go-to-market teams are executing very well given the environment, and I think they’ve really turned the corner on being able to pivot towards productivity, reducing infrastructure costs, helping customers become more efficient. And our customers have been signaling to us that incident response is more important that PagerDuty is essential infrastructure and they’d like to consolidate more and more of their spend away from point solutions onto our platform.
Matthew Stotler: Very helpful. Thank you.
Operator: Okay. Next, we’ll hear from Kingsley Crane. Kingsley, go ahead, with Canaccord.
Kingsley Crane: Hey, good afternoon. Thanks for taking the questions. So look, I think you’re solidly profitable, you’re guiding almost double-digit operating margins. Has your approach to the long-term model evolved at all? Is 20 still the best long-term margin? You have such strong gross margin, 85 it seems like maybe that could become higher.
Jennifer Tejada: Kingsley, I like the way you said we’re solidly profitable, like we’ve been doing that for years. I really agree because that was not easy, but Howard, I’ll go ahead and let you answer.
Howard Wilson: Yes. So Kingsley, we haven’t provided an update to our long-term model. So you’ll see even in our most recent investor deck, we’ve kept that which has operating margin at scale at 20%. Right now, that model I think is still valid. Right now, given the current macro, we are focusing particularly on what we see happening ahead of us within this next year. And have high level of confidence in our ability to execute on the guide that we’ve given for this year. So keeping revenue growth above 20% and operating margin in that 89% for the full-year.
Kingsley Crane: Okay. Fair enough. And then, so for Status Pages, newly released product, is that priced traditionally on users of the customer? Or is that somehow based on the end user of the customers the two layers of removal, and any sense of adoption expectations or impact on topline?
Howard Wilson: Yes. Sure. So the pricing model in that is different from other models and that it’s effectively based on the number of subscribers that a particular customer would contract for. And so the expectation is that those subscribers could be internal or external to the company. So it creates €“ effectively targets the end user of the Status Page notifications. This, of course, is a relatively new offering for us, but to date, the experience we’ve had, it’s something that customers were asking us to do before and hence I intend to move from what was primarily initially just an internal offering to a fully external offering. But what’s even more important is the way in which we are using automation with our Status Pages in that it’s not relying on some person, like a lot of traditional Status Pages going into a separate environment to capture a message and publish that message.
