Claire Bramley: Sure. No problem. So yes obviously, a combination — if you’re looking at it on a year-over-year, we’ve got strength coming through our net income line, we’re also seeing a strong performance in working capital, as particularly also our deferred revenue benefit is higher and also our other assets and liabilities. So we’ve got a number of different items in our cash provided from operating activities, which has given us strength, not giving us strength. It is going to be a big Q4 to your point. But I think with the biggest impact coming through our receivables, if you look at our day sales outstanding, for example, of Q4 of last year, it was unseasonably high. So I think that’s something that we’re not anticipating to be as high in Q4 of this year and does give us a big benefit from a cash flow standpoint.
Operator: Thank you. The next question will be from the line of Tyler Radke with Citi. Your line is now open.
Tyler Radke: Thanks for taking the question. I wanted to ask you, Steve, just on the competitive landscape. So I mean your public cloud ARR growth is about double that of your closest public competitor you talked about some wins against the competition in the quarter. And clearly, your business has been executing well. So could you just talk about any color, you could share in terms of win rates or what you’re seeing out there? And when you did talk about those customer examples in the quarter, was that primarily from legacy on-prem customers — or sorry, legacy on-prem competitors or more modern competitors? Thank you.
Steve McMillan: Yes. Thanks, Tyler. I think we haven’t really seen much change in the competitive landscape. I’ve kind of categorized in the past with traditional kind of on-prem competitors like IBM in the Oracle of the world, the cloud native providers from the big cloud service providers and then kind of born in the cloud Snowflake data breaks; we tend to see a whole mix pop up in terms of competitive battles. And what we tend to find is that as customers do the due diligence, they go through all of the benchmark and they look at price performance, they look at the total cost of running the environment. They look actually at can those competitive solutions actually execute the workloads that we are executing from an on-prem perspective.
And we have such great differential advantage in terms of helping them move to the cloud in the at least risk way that gives us that capability. I think the other point I would make is, as our customers migrate to the Cloud, what is the increase their commitment to us in terms of expanding those environments as they move to the cloud. And so that’s given us some growth in terms of that migration activity from on-prem to the cloud. But it was great to see that expansion this past quarter were the highest driver of our growth. And I think that just demonstrates that as customers move to the cloud with this, they utilize the platform, they start to get incremental benefit from the platform to put new data into the platform and new use cases against the platform.
And that’s certainly our strategy as we move forward to continuously grow that.
Tyler Radke: Thanks. And a follow-up for Claire. So you’ve delivered a couple strong quarters here to start off the year. Yet you’ve reiterated the full year guidance two times in a row here, despite what seems like an uptick in terms of cloud net expansion rate and just some of the timing of the deals in the first half. Could you maybe just talk about what are potentially some of the offsets? I mean, there’s obviously a lot of momentum in the business, but are there sectors or verticals that you’re mindful of that maybe could be taking away from some of that momentum? Or just how should we frame the outperformance in the first half relative to kind of the unchanged full year targets? Thanks.
