Eran Gilad: Not necessarily. On top of the income from investing activities, with its higher yield, the financial income presented in our P&L is largely dependent or impacted by exchange rate differences. In other words, indeed, the yields right now are better than the yields a year ago, no question about it. However, exchange rate is a big factor in the financial income number. Therefore it is hard to predict right now.
Alex Henderson: Assuming the exchange rates stay flat, that would be I think the assumption most people work off of. Would that then be fair to say that the interest line ought to be higher over the course of the ’23 timeframe?
Eran Gilad: That’s correct. That’s correct.
Alex Henderson: Okay. Right. And one last question. And then I’ll cede the floor. The pipeline, these projects are longer term in nature, most companies even in a macro environment are still going to be looking at the projects that they need coming out of a recession in 18 months or whatever the timeline is, how does your pipeline look in terms of larger contracts? And what is the kind of the timing of the next contract wins? Do you expect to see meaningful wins in the first half of the year against this environment? Or does that slow those down to the point where we shouldn’t be anticipating them?
Liron Eizenman: From a pipeline perspective, we have a very good pipeline. I think I said it a few minutes ago in our opening words. Yes, we see a very good pipeline, very fast pipeline, especially for our edge products. We — all the time, we see more and more need. I don’t know exactly how those will ramp up eventually, that will definitely depends on the global economy. But I think from companies pushing more and more network equipment towards the edge, or still needing our equipment in data centers or in enterprises, we still see that and we still see a very set pipeline and our sales team is very, very busy in addressing all those opportunities.
Alex Henderson: addressing new wins as opposed to existing pipeline of business, that’s — how to say it, already in hand. Obviously, the timing of ramping specific projects that have already been won can have a different curve to it. But what about news flow of large new wins?
Liron Eizenman: Definitely working on that. I mean, the — we don’t see a slowdown necessarily in closing the deals, we will see it. Each project has its own nature of how the company is working, and how quickly or slowly they’re moving. But from the point of getting wins, I don’t necessarily see that we’ll see a slowdown. The actual ramp up and deployment of those projects, that will be a big question. But getting the wins, I’m sure, we will get more wins and we’ll see them. Deployment, that’s a big question.
Alex Henderson: One last question. If I look at the geographic display of your customers, is there any difference in the behavior of customers that are located? Obviously, it doesn’t translate into where the products going, but located in different geographies, or are they all behaving pretty similarly at this time?
Liron Eizenman: I think it’s mainly a function of culture, not more than that. I mean — but we don’t see specific markets behaving economically, I would say, differently than other markets right now. Obviously, each geographic with its own culture and the way they are used to doing business, but nothing special beyond that.
