“It is, obviously, over the last four quarters, it's grown 50%. From a revenue perspective, it's very supply chain dependent. So I wouldn't get too wrapped up about the revenue versus the orders right now. I think we'll work our way through that over the next four to five quarters.”

In context

“ve over $2 billion, and it's actually a higher number exiting Q4 than it was in Q3 of software in backlog, as you said, connected to hardware. So those are two contributing factors, which is why we really should be thinking about the ARR situation because that's reflective of the ACV that we basically had exiting the quarter. And it's -- so that's an indicator of future software revenue. So we're comfortable with it. And I think once we get through some of the supply chain stuff that we'll start to see that be a little more reflective of what we've been planning on. On the cloud vertical, we continue to win new insertions. That business is approaching 3 billion annually now after just two or three short years ago, it was pretty close to nothing. And so the teams have done a fantastic job. It is, obviously, over the last four quarters, it's grown 50%. From a revenue perspective, it's very supply chain dependent. So I wouldn't get too wrapped up about the revenue versus the orders right now. I think we'll work our way through that over the next four to five quarters. But overall, really pleased with where we are. Tim Long: Okay. Thank you. Marilyn Mora: Thanks Tim. Next question, please. Operator: Rod Hall with Goldman Sachs. You may go ahead, sir. Rod Hall: Yeah. Hey guys, thanks for the question. I guess, I wanted to dig into this order growth a little bit. Obviously, very strong numbers there, but somewhat inconsistent with the way that we would have expected them to come out? And I just wanted -- and the thing that's inconsistent is you guys are saying up over 15% in the quarter, but then down 6% on a year-over-year basis, we would have calculated closer to flat, like minus 1. So we're just curious whether there was any restatement of the July quarter last year. You guys had called out 31% order growth there or anything else going on with the dyna”