Dheeraj?Thank you, Tonya, and good afternoon everyone. They had been having performance and scalability problems with Oracle, which is their most critical workload. Subscription-based businesses derive considerable operating leverage from their renewal base and most mature subscription companies probably have a renewal base that comes close to 50% of their total billings.Today, all of our subscription renewals account for less than 10% of Nutanix's total billings or to put it another way, more than 90% of our business today is still composed of new and upsell business, business that is costly to transact. Take a short survey and you can win $50! The Board of Directors was extremely appreciative of this preparedness.Regarding capital allocation and other industries, our exposure to energy and hospitality verticals remains small even though we were ready for them as they rebooted their operations post-COVID. There's a lot of good things that we can actually go and avail there as well.And finally, this idea of hybrid where you want part of your infrastructure to run off-prem in a public cloud, but parts that would actually run on-prem, I think is very powerful for our customers, because they're going to make some decisions about public versus private based on data sovereignty and data gravity and economic reasons which is laws of physics and laws of the land and laws of economics.
HPE, very good partnership, it's been about two and a half quarters, I would say, since it began. The revenue growth rate is starting to reflect a more meaningful comparisons as the revenue impacting hardware elimination has been effectively complete for the last six months. While we're making great progress on the transformation, we have not yet reached a point where the predictable renewal business makes up a substantial portion of our quarterly results.We are getting there but for now, new business and upsell business, areas with greater inherent uncertainty, still account for a vast majority of our quarterly billings. Our Q4 capital expenditures should be substantially less than the Q3 total of $33 million.Now a few comments turning to the future. Just when we look forward, is there a more incremental upside with your VDI solution as in, has anyone who is -- are there still resurgence from customers like that they need to be -- they need assistance getting online and going through this work-from-home set up or is that opportunity pretty much closed at this point? To receive notifications via email, enter your email address and select at least one subscription below. And what's your thinking about potentially accessing the capital markets again?Yeah. Similar story with a large utility company on the U.S. West Coast who was one of our top-25 lifetime customers with total spend with us at $18 million, purchased nearly $4 million with us in Q3 as part of their ongoing digital transformation.