“From an ACV perspective, yes, we continue to reiterate the 10% plus for the full year.”

In context

“rd, and it all nets out. We feel very comfortable holding the 28% for the year. Julian Mitchell: That is helpful. Thank you. And then as we are looking at the balance of the year, I think you have in Q3 and Q4 a mid-single-digit sequential revenue increase dialed in and kind of high-30s operating leverage. Is that a fair placeholder for both quarters? Anything we should bear in mind in one versus the other? And on the ACV front, I think you are embedding an acceleration in the back half. Anything to call out there? Michael J. Baughman: I think from a leverage perspective, the numbers are affected by that software contract renewal dynamic and the effects there. But if you take that out, we will be over 40% leverage on the full year, which certainly means some acceleration in the back half. From an ACV perspective, yes, we continue to reiterate the 10% plus for the full year. We had a good quarter, and we continue to think that the ACV growth of 10% plus is the right number for us. And I think you said sequential growth mid-single digits. That is correct. And also year-over-year growth is mid-single digits. So I think that is an important addition to your statement. Sequential growth mid-single digit is consistent with year-over-year mid-single digit, and if you do the math, the leverage will be a tad better than the 30s you stated for the second half. Yeah. Operator: Our next question is from Jeffrey Todd Sprague with Vertical Research. Jeffrey Todd Sprague: Hey, thank you. Good morning, everyone. Just wanted to get a broader sense of the total global ramifications of this. The nature of my question, right, is the comment of the war stays contained in the Mid”