Thanks, Gregg, and good morning, everyone. Our fourth quarter and fiscal year 2020 results maybe illustrate the extent of our market leadership and resiliency amongst the challenging market conditions we detailed last quarter, which are largely unchanged, and that is namely the combination of a slowing of business velocity and increased risk aversion amongst many global service providers is adversely impacting the short-term deployments of new architectures and network builds.

Despite this dynamic, today’s results reflect the strength and durability of our business model, including continued strong profitability with adjusted operating margin of 15.8% in Q4 and 17.6% for the full fiscal year, which exceeded our forecast.

We also delivered strong free cash flow with our cash balance up $130 million from last quarter to approximately $1.3 billion. Simply put, we remain in the best financial position in the industry and we are extremely confident about our leadership position in the market.

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