“But, Ben, our expectation is the majority of that $1 billion in orders will turn into revenue in our fiscal '25, just to be clear.”

In context

“n't say specifically that any customers have talked to me about it, to be honest. So I think we're - I think it's a little early for them to - for the customers to be expressing that concern. They may be asking them directly, but they're not talking to us. On the timing, yes, I think we said fiscal '25, which starts in August of this year. And I think you probably should assume most of that is probably in the second half, I would guess, but we'll see how things play out. I think customers are going to move as fast as they possibly can, but we're still in the early strategy and planning stages right now on most of it. The pipeline stuff are well-defined use cases that are already in place with certain customers, and we're actually just working through the opportunities. Scott Herren: Yeah. But, Ben, our expectation is the majority of that $1 billion in orders will turn into revenue in our fiscal '25, just to be clear. Sami Badri: Thank you, Ben. Michelle, next question. Operator: Thank you. Matt Niknam with Deutsche Bank. You may go ahead, sir. Matt Niknam: Hey, thanks so much. And I'll keep it to one and one follow-up. So main question, just around inventory digestion. Is that dynamic primarily affecting enterprise and commercial customers? And can you talk a little bit about the visibility you've got towards this actually resolving itself by fiscal year-end? And then a follow-up just on gross margins. You were fairly stable sequentially, and I think the guide implies more of the same. So I'm just wondering, are we now largely past a lot of the supply chain dynamics or headwinds? Or has anything changed on the supply chain front? Thanks. Chuck Robbins: Yes. So I'll take the first, and then Scott can t”