Chuck Robbins

But I think that, look, the hyperscalers are some of the most.

advanced customers in the world.

They do the deepest analysis of the technology before they make decisions.

And I think that their decisions to continue spending more with us speaks volumes about the innovation and the technology that our teams are building right now.

So I'm really proud of them.

And I think it'll just extend into the enterprise over time.

Well, we're just talking about the major hyperscalers, primarily in the United States.

But we've also announced these sovereign deals in the Middle East with G42 in the Emirates, as well as Humane in Saudi.

There's a lot of work going on in the neocloud space.

We're seeing sovereign players start popping up now in parts of Europe, as well as Southeast Asia and India.

So it's a broad swath of customers.

But the $1.3 billion that we talked about is strictly the top hyperscalers that we're doing business with.

So you're talking about five companies.

Well, so we did talk about the fact that we have over $2 billion now in our pipeline through the end of the fiscal year.

So over the next three quarters in NeoCloud, Sovereign Cloud, and Enterprise.

And we see that continue to accelerate.

We took $200 million in orders in Q1.

And it's a natural way the technologies have been evolving over the last decade or more.

They start in the hyperscalers, they move through the telco space, in this case the neoclouds and the sovereign players, and then into the enterprise.

And it's happening exactly that way.