“But we will capture it because the contracts have been concluded and because we are sitting on the most important missions in the world, and those missions are going to end up being fully funded, and you see that in our contractual relationships.”

In context

“-- that CAGR is included years, I think, 3 years that were flat. So we tend to have kind of lumpy growth and flatness, which no one likes. You don't like it. We don't like it. We're positing that the future will look more like the traditional baseline of 35% than the baseline of this year of upper 20s. What is the proof of that? Okay, I could tell you how our products are being used on the front line. You can read the news, you can probably surmise that things like Nexus peering, foundry, GAIA are powering events that you may be reading about. And then there's our massive TCV. It's like, yes, TCV in the USG is just under $1 billion. This is massive. There's a legitimate question, when do you capture that in the form of GAAP revenue? That's a legitimate question to which we have no answer. But we will capture it because the contracts have been concluded and because we are sitting on the most important missions in the world, and those missions are going to end up being fully funded, and you see that in our contractual relationships. Unidentified Company Representative: Thanks, Alex. Our next question is from Mariana with Bank of America. Mariana Perez Mora: So with increased expectations for global recession next year, I understand it's probably too early to discuss specifics about 2023 outlook. But would you mind discussing how you're thinking about the positive and negative catalyst from a global recession or a potential global recession? Because I think -- the way I think about it is it's a positive catalyst for disruption and increased needs for operational efficiencies and for Palantir demand, but also probably lower corporate profits are challenged. So how are you thinking about that? Alexander Karp: We disambiguate the world into America, Canada, U.K. and then what has historically been a very large market for”