Terrell Tillman: Well, I’m hogging up this call. I should just stop. But it was related to that and the impact from the cash taxes, like does it take another step up? Or are we starting to kind of €“ we’re going to get past the worst of that?
Dennis Story: We’re past the worst of that. So essentially, we’re in a mode of about the same amount of taxes on an annual basis now.
Terrell Tillman: Okay. Thank you.
Eddie Capel: Thank you, Terry.
Operator: Our next question is from Joe Vruwink with Baird. Please proceed with your question.
Joseph Vruwink: Great. Hi, everyone.
Eddie Capel: Hi, Joe.
Joseph Vruwink: I wanted to go back to NRF this year. And one thing that really stood at to me was just all the attention on the floor and speaking to folks about order management and also store-related solutions. I would imagine WMS is still going to be the primary driver of bookings for you this year. But do you anticipate a bit of an uptick in interest as it relates to the omni and inventory suites?
Eddie Capel: Well, we certainly hope so, Joe. I don’t know that there’s going to be a massive step up, frankly. As you know, order management is sort of number 2 on the pecking order of solutions for us. There certainly is a lot of interest. We’ve clearly continued to make significant investments in that solution, and particularly the integration with the bricks-and-mortar store solutions. So there’s no question. There is significant interest there. And we’re hoping for continued growth in that and momentum in that particular area.
Joseph Vruwink: Okay. Great. Eddie I think at one point in time, as you were looking at and kind of thinking about migrating the installed base, I know there’s not any sort of timetable customers can move as they’re ready. But I want to say maybe six, seven years was contemplated. Do you have any views on €“ if it’s less than 10% of the base today, maybe how long until most of your installed base has a cloud solution from Manhattan?
Eddie Capel: Yes. Still feel the same way. Well, okay, there’s two suddenly different questions there, Joe. I definitely €“ when I look at my crystal ball, I think most of our existing customers will migrate from on-premise to the cloud over the next six to seven years. There’s always a few laggards and so forth, but the bulk of our customers will transition from on-premise to the cloud over the next six or seven years. The slight €“ the second part of the question is when will our customer base own something in the cloud from us? Remember, we are now a cloud-first company. So as we cross-sell and upsell into our customer base, it is quite likely that an on-prem €“ just hypothetically, an on-premise customer for WMS might well buy a cloud TMS solution, a cloud point-of-sale solution or a cloud OMS solution. So that would mean that, that time horizon would be shorter than six or seven years.
Joseph Vruwink: Okay. That makes sense. And then I have one quick one if I can squeeze it in. Just any thoughts on just RPO quarter-by-quarter, if you’d expect seasonality or, I guess, if the macros have been tougher, customers might view budgets more on a quarterly basis? Just any way to think about kind of the cadence of RPO bookings throughout 2023?
Eddie Capel: Look, we suspect €“ we’ve always said RPO bookings likely will suffer from a little bit of lumpiness just like license revenue did back in the day. We haven’t seen a ton of seasonality when it comes to RPO bookings. I said it before, but frankly, these are big strategic purchases and so forth. And frankly, our customers need to €“ they want to get going whenever they want to get going. And so there isn’t generally a particular slowdown in any particular quarter, again, very strategic decisions.
