“I would expect the billing duration to be similar to what we had in fiscal '23, so there will be no change.”

In context

“Remo Canessa (CFO): Yes, Saket, that's an excellent question. I would expect the billing duration to be similar to what we had in fiscal '23, so there will be no change. We anticipate that CapEx will represent a higher percentage. Over the last two years, our CapEx has been around 6% of our revenue. We expect that number to be in the high single-digit range. We are experiencing business expansion, and we will be making investments in the cloud. That’s the primary reason for this expectation.”