We think there’s plenty of revenue growth on the way we’ve structured the business so that we can make sure we support the customer well and they get the full leverage of the capability. I think we’re well on the way to making that work with this existing installed base as well as being able to take on additional customer.
Auguste Richard: Got it. And then on the eight-figure deal that was an existing customer, it sounds like it was a new contract. Could you give me a sense if they were at a certain run rate? How much did it increase in this new contract? And then, do you have other ones like it teed up?
John Kibarian: Yes. Specific to how much it increased. It was in the tens of percent. The specific number, I don’t know off the top of my head. It is an expansion on all their test floors. It is a movement to the cloud for the infrastructure from a very distributed on-premise deployment. It also includes the ability for them to expand into advanced AI and analytics, connections to their ERP and other things that are upsells as well as expansions on number of testers and cloud capacity, et cetera. So while it is a big deal on it is, I think, the largest contract with the exception of Advantest that we’ve ever closed for Exensio, it has the ability to grow pretty substantially. Secondly, do we have others like this? Yes, almost all of our customers many of the customers, I should say, all many of our customers that are on Exensio cloud manufacturing analytics are starting to see the potential of connecting their cloud to the edge with our Dexnotes and edge capability, as ability for them to get higher operational efficiency on their manufacturing assets, better product quality and better product yields.
And in this case, we were able to demonstrate that to the customer, and we really spiked about the commitment they made to Exensio, and we are engaged with other customers on similar expansions. Some of them are partway through their contract. This is a customer that was at the end of their time-based licenses. So it all got done as one renewal. Other customers, you may see them just tack on contract value, but the annual recurring run rate will be similar in size, if not larger.
Auguste Richard: Okay. So this was a transition from TBL to perpetual?
John Kibarian: No, to cloud.
Auguste Richard: To cloud, rather.
John Kibarian: Yes, not perpetual.
Auguste Richard: Yes. My best. And then last one for me. On the deferred revenue line, it was up quite a bit sequentially. And I was just wondering what that was related to?
Adnan Raza: Yes. I mean part of it is going to be billings that happened within the quarter. We have some big customers, one of them that John mentioned related to Advantest, right? So when we the billing, then the deferred revenue will move up because of that, and then we’ll work our way through consuming that. Of course, some of the bookings number, if they’ve been built, we’ll also start to reflect on that. So overall, it’s the billings related impact that you will start to see in the deferred revenue, which we’re happy about.
Auguste Richard: Got it. All right. Thanks so much.
John Kibarian: Thanks, Gus sorry about the .
Auguste Richard: Yes. It happens.
Operator: Next we’ll hear from Christian Schwab of Hallum Capital Group.
Christian Schwab: Hey guys. So just a quick question, maybe it was in the prepared comments. I know we talked about greater than $100 million in bookings. I think last quarter, you said your backlog was at $184 million. Do you have an updated number for us?
Adnan Raza: Yes. We put it in the filing. It’s about $185 million, which, by the way, yes, it’s only up about $1 million or so, but the reality is the fact that we had a record revenue quarter and still were able to incrementally move up the backlog is something that makes us.
