So well set as we exit ’23 from an expectation for Hyve, but year-on-year still down, just given the strong compare or the tough compare we had from prior year.
George Wang: Okay, great. Just a quick follow-up in Hyve – you know, you guys put a lot of press release that they added some manufacturing capacity in the U.S., on the west coast. Just curious, any thoughts on the capacity ramp globally versus utilization trends?
Rich Hume: Yes, obviously that market segment is a market segment that has growth–reasonably strong growth attributes projected, so we’re positioning ourselves to take advantage of that market. It’s a big one and it’s going to continue to grow pretty quickly. Then secure supply chain is an important aspect for our customers, and allowing ourselves to–or actually having ourselves build that capability is a real value-add for them, so we see it as, if you will, an expansion of our assets with the anticipation that the market over time will continue to grow.
George Wang: Okay, great. Thank you. I’ll go back in the queue.
Rich Hume: Thank you George.
Operator: Your last question comes from the line of Ashish Sabadra of RBC Capital Markets. Your line is open.
Patrick Jackson: Hi, this is Patrick Jackson on from RBC. Thank you for taking the questions. For the last two quarters, the company grew overall market share in North America and Europe, despite some of the industry softness in Europe. Has that share dynamic still continued this quarter, and has anything changed in the competitive environment? Secondly, in the prepared remarks, you mentioned the launch of the partner health and fitness tool. I wanted to ask if you could share any details on the initial response to that rollout and how you’re thinking about the cross-sell opportunity from this. Thank you.
Rich Hume: Sure, thanks for the question. You know, right now our reports would say that we’ve maintained our share position in the Americas. In Europe, we lost a couple of tenths of points, so think about in that in the rounding. Then when we get a little bit deeper in Europe, it would be within the endpoint area that that had occurred, and it was a matter–I spoke earlier about a bit more aggressive pricing environment, so we’ve elected to balance our financials along with our market position, but nothing to be alarmed or concerned about. As I said, it was just a couple of tenths of one percent, so that’s the overall share point of view. As it relates to our new tools – thanks for that question, in essence we allow our partners to run custom algorithms to take a look at their portfolios versus the portfolios of folks who profile like them across the entirety of the channel.
It allows them to think about areas of expansion, and yes, we had some really great engagement with partners on the tool. In fact, we released it in North America and just days later, we were getting lots of questions from other markets throughout the world, wondering when that tool will be enabled in their markets, so there seems to be some pretty good appeal relative to our customers wanting to get those insights.
Rich Hume: Okay, well thank you very much for attending our call today. In closing, I want to thank our co-workers around the world for their persistence and can-do attitude in staying focused on our success, regardless of the market environment. We’re very pleased as to what we’ve accomplished and we really look forward to our future, and we appreciate your interest in TD Synnex. Thanks. Have a great day.
Operator: That concludes today’s conference call. You may now disconnect. Have a nice day.
