Stefan Schulz: Yes. That’s in the zip code of what we should be thinking about somewhere in that neighborhood. Now keep in mind, we do have seasonality. So while it will average out that way, it may be a little €“ it will be a little higher than that in Q1, then it will dip down as we go into later quarters. But yes, that’s a pretty good estimate of what OpEx would look like. Yes.
Nehal Chokshi: Perfect. Great. Thanks.
Andres Reiner: Thank you.
Operator: Our next question comes from the line of Devin Au with KeyBanc. Please proceed with your question.
Devin Au: Great. Thanks for taking our questions. Yes, nice to hear the win with GE or expansion from GE Health to Power in just one quarter. I €“ just curious to hear what GE Power and PROS particularly useful initially? And maybe a bit more detail you could share on just around the expansion process to GE Power just within one quarter?
Andres Reiner: Yes. No, great question. Real focus area is on or price optimization and management solutions and how we’re driving price guidance to drive more profitability for their business. And I think there’s been a very focused area on how we prove leveraging our next-generation AI to drive better win rates as well as better margin uplift for their business. We’ve experienced in many of these like industry, IT, many customers that seen a pretty significant both revenue and margin uplift, and we were able to prove in a very short amount of time, significant impact and we were working across our focus in many of these global accounts is to work across the business units to prove out the value. I would say big kudos to our team and to our product organization.
I think our platform launch and our ability to get started small, prove out the value helps to drive this time and expand motion. So I think a lot of what we saw last year in our success is really about our platform launch at the end of 2021, and this is just one of the examples of that.
Devin Au: Got it. Got it. No, that’s great to hear. Maybe just one more question, if I may. Nice to see that APAC is on its way to a more meaningful recovery. But I want to kind of dive into maybe Europe a little bit. It seems like performance there kind of slowed a little bit in the quarter. Any meaningful changes around like sales cycle or close rates in that region during the quarter?
Andres Reiner: Yes. I would say no meaningful change. We actually had €“ we talked about in travel, Iberia with the migration in the region. We saw good business momentum, I would say, look, in general across, it is a harder selling environment. I’ve talked about it the last quarter, but in this type of market, where we’re trying to be very intentional with is making sure we can land with small investment, rapid time to value and very measurable results. And I think that’s the strategy across. But I would say Europe, not a big difference to any other market. Actually, we had across good business in Europe. No big difference from any other market.
Devin Au: Okay. Yes, appreciate the color, Andres. Thank you.
Andres Reiner: Thank you.
Operator: There are no further questions in the call. I’d like to hand the call back over to Belinda Overdeput for closing remarks.
