SMART Global Holdings, Inc. (NASDAQ:SGH) Q1 2024 Earnings Call Transcript

Mark Adams: Yeah. This is Mark. We remain in good partnership with Google Cloud. I think the interesting dynamic for us and it’s early, but the interesting dynamic for us is that, it’s becoming more of a two-way street and the dynamic is, yeah, there’s some companies that have their own on-premise environment and they’re looking for surge capacity out of Google Cloud or the likes. There are other companies who are just figuring this out and want to test some application environment in the Cloud and eventually want to bring things back in-house and have a bit of a hybrid on-prem deployment. And in that situation, I think, Google’s pretty confident with our ability and our relationship that we can be the conduit between the Cloud and delivering on-prem capabilities, as well as bringing some of our customer base into that environment.

As I said, it’s early stages of the model, but very happy with the relationship and I think there’s good opportunities to leverage that for future growth.

Nick Doyle: Thank you.

Operator: Thank you for your question. There are no additional questions waiting at this time. I would now like to pass the conference back to Mark Adams for closing remarks.

Mark Adams: Well, thanks everyone for attending today’s call. I know there’s a number of events in January. We look forward to seeing you on the road. In the meantime, stay safe. Thank you.

Operator: That concludes today’s call. Thank you for your participation and have a good day.