Ken Gianella: A little bit of both, right? I mean I think, number one, it’s important to — we want to send a signal to our investor base that as we look down the road, this is what we have a feel for. But also more importantly, we didn’t want to put such a large range out there that it would skew people’s thoughts because, again, great quarter we had in Q3. But the seasonality that we saw coming into this quarter, we really wanted to send a signal that we had visibility into the range, and we didn’t want people to get ahead of themselves of — on the numbers. So that’s the reason why we put a little bit of a tighter range this time. As we go into the New Year, we’re going to be looking at as we get more visibility, some other metrics and way to give you guys a little bit more of a near-term view, not just a quarter view of what we’re thinking and where we’re going.
And as I work with the team and Jamie, we’re going to see where we can expand some of that visibility for you all in the future.
Nehal Chokshi : Okay. Great. And then any early thoughts on fiscal year 2024? It looks like based on what you’re guiding to here, you’ve been excluding the train of backlog you’ve had probably about 5% year-over-year growth in demand here. Is that how we should be thinking about for fiscal year 2024 or is a different framework we should think about here?
Ken Gianella: Well, I appreciate the effort, but we’re not guiding 2024, but we did want to give people a view on a couple of key metrics that were slightly down this quarter that we don’t believe that, that is going to be a trend going forward, particularly on the margin side of it. So I think we’ll give you guys the 2024 guidance in a couple of months here.
Nehal Chokshi : Okay. And any thoughts on what the macro backdrop looks like for you guys?
Jamie Lerner: Yes. I mean, I know a lot of my peers are signaling slowdowns and conservativeness and I don’t want to second guess them. We’re guiding up 7% year-on-year, right? So we’re guiding the strongest revenue quarter in quite a few years in our Q4. So we’re not guiding to signaling we’re seeing a big slowdown. I mean, I don’t — and that may just be a reflection of the segments we play in. I mean, our biggest segment is secondary storage, which is protecting and backing up data. And I don’t think that correlates to global economies, meaning if the economy is doing poorly, people don’t say, well, I guess, we’re not going to back up our data. You’re still going to back up and protect your data. So the trend we’re dealing with is less of a macroeconomic trend.
It’s a trend that the world is creating more data, regardless of what the economy does, and the data needs to be protected and backed up. I do think the moviemaking industry is seeing a recovery, and they’re making just as many movies as they did in the past. I think ransomware, whether there’s a good economy or a poor economy, I think people are spending money to protect against ransomware. So the segments that we play in predominantly do not seem to be negatively affected the way laptops and other parts of — other segments are being impacted. So right now, our guide does not guide to seeing major negative macroeconomic trends.
Nehal Chokshi : Great. Thank you.
Operator: Our next questions comes from the line of Eric Martinuzzi with Lake Street Capital Markets. Please proceed with your question.
Eric Martinuzzi : Yes, I had a question regarding the guidance. If I go back the past couple of years, the sequential revenue Q3 to Q4 last year, we were flat. The year prior to that, we were down about $6 million sequentially. I understand there’s seasonality, but it seems like a pretty dramatic step down Q3 to Q4. Would you care to comment on that?
