Matt Sheerin: Okay, great. And if I could just sneak in a couple of quick ones. One, it sounded like you said that Hyve was up double digits year-over-year. If you could clarify that and what you’re seeing there? And then also on the interest expense line, Marshall, should we be modeling that closer to 80 million or so through the year, or do you expect to work that down with your free cash flow and bringing down our short-term borrowings or anything like that?
Rich Hume: Hyve for quarter one performed great, above expectation around 15% in terms of revenue performance and margin profile, as you know, for that business has been strong. With that said, part of the reason why there was a decline quarter one to quarter two is we were guiding somewhat lower expectations for Hyve in quarter two, still growth, still good margins, but saw some good performance in quarter one. It breaks down into three categories. And there’s more that Hyve provides, but you think about the design, part of the high business that continue to perform at or better than expectation, you look at the — think about the assembly type of work that’s performed well as we saw the quarter play out. And then finally, the distribution-like services, whether that strategic buys, if it’s loose parts and spares, those programs continue to perform well.
They’re very resilient. In hyperscale, community, data center and power continued to be of shortage or constrained. So there still is some demand out there for us to fulfill. And then just getting to the interest expense, yes, it’s been elevated. You can see that it almost doubled in Q1 year-on-year. It’s quite meaningful. It gets a little bit better in quarter two, but still up 30 million-ish at 76. Matt, I think I would assume the cash flow generation expectation and the paying down of the revolver that we tap throughout the quarter probably brings down that interest expense somewhat in the second half of the year, but I wouldn’t take much off of that.
Matt Sheerin: Okay, fair enough. Thanks so much.
Marshall Witt: Yes. I just want to add, we had a particular around Hyve there, but high growth technologies grew mid double digit and continue to be greater than 20% of our overall portfolio. And as that becomes more meaningful, this is why we’re beginning to refer to gross billings overall because obviously when we think about gross billings, we think about the productivity in the entire organization.
Matt Sheerin: Okay. Thank you.
Operator: We will take our next question from Shannon Cross with Credit Suisse. Your line is open.
Shannon Cross: Thank you very much. I had a couple as well. First, can you talk a bit about end verticals and what you’re seeing? I’m just wondering, obviously, where I’m at, there’s challenges in the financial sector, there’s challenges in the tech sector with the layoffs. I’m just wondering within your conversations with your customers, what they’re hearing from some of their customers in terms of demand, and if you’re seeing any or hearing of any pockets of growth as well? And then I have a follow up. Thank you.
Rich Hume: Yes. So Shannon, we don’t have a maniacal focus on end verticals in particular within our planning system. Anecdotally, what I would say is that there’s a fairly common theme around constraint and making sure that people are very careful with their purchase. Perhaps the outlier around that and it’s not really an end vertical would be the hyperscale infrastructure. And then all of the high growth technologies or each of the customer sets are in more demand than what I would call the foundation or the foundational technologies of the rest of the set. So dynamics around digital transformation type offerings was more of a horizontal statement. It seems to be uniform around all of the end markets.
