Sanmeet Deo

CapEx spend, obviously, they have a big CapEx spend going on.

But also, they have gaming and hardware.

They have the Xbox.

They have the content and services with the Xbox.

So that's something that we'll be looking at to see how that kind of cushions any sort of shortfalls elsewhere.

When we come back, Samir and I bring it all home.

I think they could be a beat, but no raise.

That CapEx spending is just going to continue to tamp down on that.

sounds like a very strong quarter in terms of, you know, their current revenue growth and their business fundamentals, you know, cybersecurity, you know, there's a few major players that I think, you know, are, are, are really ramping up and, and it's a very important industry that's very much needed.

And I don't think it's going to ever be a winner takes all kind of areas.

So, so would like to, would like to see, I can't anticipate them,

Generating profits soon because it's just an area where they have to invest in their business and continue to grow, continue to scale, continue to provide value to their customers.

So profits may come much later down the road.

Yeah, this is a classic case of fantastic business, tough stock.

Because the business fundamentals just continue to improve quarter after quarter.

They're continuing to announce strategic partnerships.

Their pipeline is growing with RPO.

It's surged 37%.

So, their business fundamentally... And they also signed a deal with Anthropic to create a software layer to their data, warehousing, storage, all that.

So fundamentally, this business just continues to perform and execute.