Matt Sheerin : Okay. Thank you. And then another question on macro and what you’re seeing. You talked about — Rich, about the enterprise being the weakest end market segment and SMB holding up relatively well. Is that your expectation or SMB may be lagging this cycle and they may get more cautious in terms of spending as you get into next year? Any insight or any visibility there?
Rich Hume: Yes. So clearly, I think for the first half of the year, we’ve finished trends. We talk about the — I’ll say, the larger customer set being where we see the biggest challenges and then SMB and MSPs offering a better outcome as it relates to productivity. I think, Matt it’s a difficult question to ask — or answer, and I’ll tell you why, the part of this is because I believe there’s a disproportionate consumption of new technologies, predominantly cloud and as-a-service based solutions that you follow technology cycles, they hit first in enterprise and then kind of make their way down. So, I think that — my speculation is the growth rates of sort of cloud-oriented things are higher in SMB now than they are in enterprise because there’s a bit more of a saturation.
So I think there’s a benefit relative to the portfolio consumption in SMB kind of following the evolution, if you will, some of these newer technologies being consumed there. And then you get into what happens with the macro and we find ourselves in a situation where when SMBs might be thinking of slowing that we have sort of an improvement in the macro. So it’s sort of those things that might allow for a better transition within SMB and MSP as opposed to what we’ve seen in the, I’ll call it, the larger end customers.
Matt Sheerin : Okay. Great. And if I could squeeze in a third question just regarding your comments on Hyve and the fact that, that’s going to be weaker in the second half. Could you just talk about — I mean I know that there’s lumpiness in that business, but how you’re positioned sort of as you get past this digestion period or the slow period, how you’re looking going into next year?
Marshall Witt: Matt. So yes, we — it’s a tough compare. The second half of 2022 was exceptionally strong for Hyve and it was contributed for three equal reasons, the racks themselves continue to show strong demand. And then our distribution network enabled us to perform those types of services for hyperscale customers and then spare parts, et cetera. It was just extremely healthy in the second half. So it just makes it a really tough compare. Sequentially, if you think about the behavior of Hyve from Q1 to Q2, good quarters, strong, good margin profile. Those expect to come down a little bit in the second half. I think a lot of it is just connected to the overall thoughts of high-growth technology still having above average compared to core growth rate.
That will continue, but it should abate. I think to your question about when does the digestion period end, we think we exit 2023 and find ourselves in 2024 kind of back in a normal growth rate pattern. It’s hard to determine if that’s a 5% growth, 10% growth, but we do think it’s positive. And I will just reiterate the second half of this year, we expect Hyve to be down year-over-year, primarily just due to the tough compares.
Rich Hume: Yes. So — and I would summarize Marshall’s comment very simply by saying that my point of view is, the Hyve ebb and flow here is strictly related to the macro. We’re executing quite well in that business. We are participating in a lot of new design opportunities for the future. The business is executing solidly. And I think that this is sort of more of a macro as opposed to anything else, and the execution engine is quite strong.
