Good day, ladies and gentlemen. Thank you for standing by, and welcome to Intapp Q2 fiscal year 2022 earnings conference call. At this time, all participants are on a listen-only mode. After the speaker's presentation, there'll be a question and answer session. To ask a question during the session, you will need to press the star then the one key on your touchtone telephone. If you require operator assistance, please press star then zero. I would now like to hand the conference over to your speaker host, David Trone, Senior Vice President of Investor Relations. Thank you. Welcome to Intapp's Q2 fiscal year 2022 earnings conference call. On the call with me today are John Hall, Chairman and CEO of Intapp, and Steph Robertson, Chief Financial Officer. During the course of this conference call, we may make forward-looking statements regarding trends, strategies, and the anticipated performance of our business. These forward-looking statements are based on management's current views and expectations, entail certain assumptions made as of today's date, and are subject to various risks and uncertainties described in our SEC filings and other publicly available documents. Intapp disclaims any obligation to update or revise any forward-looking statements. Further on today's call, we will also discuss certain non-GAAP metrics that we believe aid in the understanding of our financial results. A reconciliation to comparable GAAP metrics can be found in today's earnings release, which is available on our website and as an exhibit to the Form 8-K furnished with the SEC prior to this call. With that, I'll hand the conversation over to John. Thank you, and welcome to the team, David. Good afternoon, everyone. Thank you for joining us. We ended our fiscal Q2 and calendar year 2021 with continued dedication to our corporate mission to enable professional and financial services firms to better connect their people, processes, and data through our AI-powered software solutions. As a reminder for those of you who may be new to our story, our team has focused on this sector for more than 20 years. Our clients are the professionals who work in the large professional and financial services firms that were traditionally organized as partnerships. This is a large global industry that brings in $3 trillion in fees every year. It has been underserved and overlooked by the technology industry because its firms are organized differently than the traditional corporations that make up the rest of the technology market. Traditional corporate employees tend to be organized into functional departments like sales or finance or IT. Their workflows and data needs are specialized to those functions. In contrast, the professional clients whom we serve grow their careers by developing and leveraging individually specialized knowledge and expertise about their chosen domain. Our professionals drive their career success and their firm's success by leveraging that expertise to develop and build key investor and client relationships, to grow and retain business with those clients, and ultimately to deliver great results and returns for their clients on a wide range of projects. The unique working model that these professionals execute every day is different from the traditional sales or operations department workflows that traditional CRM and ERP systems were designed for. We've built our Cloud-based on 20 years of working directly with these firms. Intapp's purpose-built industry Cloud understands these professionals' focus to build and develop their own area of expertise, and then arms them with the modern power of AI to help them make better, more market data-driven, more insightful, and more competitive judgments and recommendations. Intapp has built the modern industry Cloud for the global professional and financial services industry. Today, professional and financial services firms are rapidly adopting Cloud for several reasons, including seeking greater agility to respond to market changes, improving access to data and market intelligence, and better connecting their global workforce and the broader ecosystem. We've established a trusted brand in these markets due to our deep knowledge of their unique workflows and our industry-leading technology architecture. With our reputation and our specialized product strategy, we are focused on leading the Cloud transformation for these firms. The market demand and acceptance of our Cloud solution is evident. In our Q2, our Cloud ARR grew 52% to $135.3 million. Cloud now represents 56% of our total ARR of $240 million, which is up 27% year-over-year. We earned SaaS and support revenue of $47 million, up 36% year-over-year, and total revenue of $64.7 million, up 30% year-over-year. We ended December serving over 2,000 firms in over 40 countries around the globe. During our November call, I outlined several of our unique technology capabilities and how they directly address the critical needs of our clients. Today, I'll share a bit about our go-to-market organization to better illustrate how we interact with clients and prospects to drive demand for our solutions and deliver client success. We have evolved a unique go-to-market model to serve this industry based on our two decades of focus on the professional investors and advisors who work in these firms. Leveraging our go-to-market organization, our entire business has moved to a SaaS model, and we are enabling our target industry to make its own digital transformation to the Cloud. This shift to the Cloud is both accelerating our growth and improving outcomes for our clients, which drives the virtuous cycle of continued adoption and net revenue retention. Our client-facing teams include industry experts themselves who have deep sector knowledge specific to the private capital, investment banking, legal, accounting, and consulting markets. Our integrated sales and marketing programs at the industry level drive repeatable and predictable pipeline growth through both inbound lead generation and cross-selling programs. Our go-to-market team applies both account expertise and solution expertise resources to this pipeline to surround each opportunity. Our sales engineering experts focus on key solution use cases, such as coverage management, relationship management, deal management, marketing and business development, operations and finance, and risk and compliance. Our ability to deliver unique proposals, demonstrations, and business cases to our clients is a significant competitive advantage and leads to high win rates in all of our markets. For example, our team recently won a strategic opportunity at IQ-EQ, a leading investor services group with over 3,700 global employees and assets under administration of over $500 billion. Our solution will help enhance the relationship management capabilities of the firm. The ability of our services and technology teams to configure our platform to the unique use cases of IQ-EQ was critical to both winning the business and driving success for the client. The new platform will support information sharing, firm-wide knowledge capture, and expanded visibility into client relationships to help the IQ-EQ team to better support the expanding needs of clients. Our industry experts in pre-sales and services bring this to life for clients like IQ-EQ. This investment in our own deep bench of market expertise, building a unique team over many years who know and are known in this market, represents a sustainable competitive advantage for Intapp. Our go-to-market strategy has also developed ways to successfully engage with firms at different client sizes. We generally offer smaller firms our full platform and its suite of solutions, enabling the firm to build its operations around our industry Cloud, and we grow users with the firm and as we bring out new functionality. For example, Graphite Capital, a leading U.K. mid-market private equity firm, recently selected our Cloud platform to boost the efficiency of their deal, value creation, and investor relations teams. This is a good example of our integrated marketing, sales, and technical engagement with clients. After a series of discovery meetings supported by our marketing program, our sales and sales engineering teams showcased the potential of the technology for the firm's leaders. Working collaboratively with the client, we prioritize use cases that are most important to the firm's strategy, and we're now in the process of deploying those. We will continue to work with them over time to support their evolving needs as the firm grows. Larger firms often select a phased approach to adopting the Intapp Cloud platform. We recently onboarded an independent global business advisory firm with over 6,000 employees. During the sales discovery process, we identified a specific use case to support improved compliance around their business intake process with a focus on some complex regulatory requirements in Europe. Our pursuit required a deep understanding of E.U. regulations, sophisticated technical demonstrations, and a strong integration with their existing enterprise IT strategy. Working collaboratively with the firm's experts, we identified a strategy for our Cloud platform to both solve their immediate requirements and to set the firm up for additional adoption over time. We see significant growth opportunity within our clients as we expand, upselling with more adoption and cross-selling with new solutions. As we expressed in our S-1, we believe there is over $1 billion in expansion revenue opportunity in our top 100 clients alone. We invest in both client support and client relationship management to ensure that we continue to delight our clients. For example, a large global law firm and a long-standing Intapp client using multiple Intapp solutions recently sought to modernize their approach to handling conflicts, business intake, and overall risk management. They will soon deploy Intapp's Cloud solutions for risk and intake, which will allow them to move faster to support client needs while ensuring full adherence to complex regulatory requirements. As part of this project, we are also helping the firm accelerate Cloud migration for their on-prem Intapp solutions to our industry Cloud. Our go-to-market also includes a strong client marketing program. In Q2, we hosted Intapp Connect21, our annual user conference. Over a two-day period, more than 1,700 registered guests attended keynotes and sessions led by experts and peers in the professional and financial services industry. Leaders from multiple sectors discussed the changing landscape and how to find opportunities, build the right teams, and harvest knowledge to drive better outcomes. This event is just one way our continued go-to-market program engages our clients in strategic discussions around how they can modernize and adopt solutions that better connect their people, processes, and data. These examples illustrate our industry-specific go-to-market function and rely on a few key Intapp advantages. First, our low-code platform is designed for the industry and is configurable for each firm, allowing each client's unique needs to be served without requiring custom code. Next, our investment in experts with the experience in these industries who can help identify and showcase how our technology supports and meets the requirements of industry-specific use cases for each client. Next, our services and client success teams, along with our partner ecosystem, focus on not just successful deployment, but successful adoption of our solutions. Finally, in concert with our clients over the past 20 years, we have developed a unique go-to-market approach that meets the needs of these special partner-led firms. We have developed a well-earned reputation as a trusted provider within our client community, and today, we often generate new business through network effects within this community. Our long-standing client relationships act as a significant driver of new opportunities for us as professionals move between firms. We believe our unique go-to-market model, designed to serve the specific needs of this industry, is a sustainable long-term competitive advantage. Our teams are working across the firm with the technology and departmental leaders that support the firm and the professionals themselves. As our industry accelerates its move to the Cloud, our teams will guide all these constituents on how to best take advantage of the transformation. As we mentioned on our last call, over the past year, we have invested in building out a larger integrated go-to-market function to pursue our large and growing TAM. We will continue to invest as long as we see opportunity for growth, particularly to ensure that we remain the leader as our clients make the move to the Cloud. We hired aggressively in Q2, and we are bullish that these new hires will help us to continue to capitalize on the market opportunity in front of us. As our Cloud continues to grow, we are able to drive further growth through adoption and expansion of this sticky long-term subscription revenue. I'll now turn the call over to Steph to discuss our financial results. Thanks, John, and thanks everyone for joining us today. Before I go through the numbers, I'd like to quickly review a few fundamentals of our financial model. As John discussed, the professional and financial firms that we serve are rapidly adopting purpose-built Cloud solutions. Today, nearly all of our new customer wins are for Cloud solutions, and recurring revenue makes up approximately 85% to 90% of our total revenue. We believe Cloud ARR and total ARR metrics are good indicators of the consistent growth of our annual recurring software business. For the Q2 of fiscal 2022, our Cloud ARR grew 52% year-over-year, and our total ARR grew 27% year-over-year. In terms of revenue recognition, Cloud ARR is recognized as SaaS revenue ratably following a new sale or renewal. On-premises ARR is recognized in two parts: 50% as subscription license revenue, recognized upfront at the time of the sale or renewal, and 50% as support revenue, recognized ratably and included in our SaaS and support revenue line. Because it is recognized ratably, SaaS and support revenue will generally be more predictable quarter-to-quarter. In contrast, subscription license revenue can vary quarter-to-quarter because it is recognized as revenue episodically when the subscription licenses are initially delivered or renewed. Okay, moving to our numbers. Q2 was another strong quarter for Intapp as follows. Total revenue was $64.7 million, up 30% year-over-year, driven primarily by continued strong sales of our Cloud solutions, as well as by solid growth in professional services revenue. SaaS and support revenue was $47.0 million, up 36% year-over-year, reflecting both new sales to new clients and upsells and cross-sells to existing clients of Intapp's purpose-built Cloud solutions. Subscription license revenue was $9.3 million compared to $9.8 million in the prior year period, primarily reflecting renewals of on-premises subscription licenses. As noted previously, this revenue line item is somewhat variable on a quarterly basis. Professional services revenue was $8.4 million as compared to $5.2 million in the prior year period, reflecting implementations of new software in a more normalized market as compared to the COVID-influenced prior year period. Overall, we continue to execute our land and expand model, ending the quarter with more than 2,000 clients, 467 of which had ARR of more than $100,000, up from $380,000 in the prior year period. In addition, we upsold and cross-sold our existing clients such that our trailing 12-month net revenue retention rate was above our expected range of 108% to 112% for the Q2 in a row. Before discussing gross margins, expenses, and profitability, please note that I will be discussing non-GAAP results going forward. As a reminder, our GAAP financial results, along with a reconciliation between GAAP and non-GAAP results, can be found in our earnings press release and its supplemental financial tables. Gross margin was 68.5% as compared to 68.9% in the prior year period, reflecting a slight mix shift in the current period. For our recurring revenue solutions, gross margin was up modestly year-over-year to 82.5%. Operating expenses were $44.5 million, a $12.3 million increase year-over-year as we continued to invest in sales, marketing, and product development to support our growth. As compared to the prior year's quarter, this spend reflects expenses of being a publicly traded company, as well as a more normalized spending pattern than during the Q2 of fiscal 2021, when we were still prudently managing the uncertainty of the COVID pandemic. Sales and marketing expense was $18.7 million, a $5.5 million increase year-over-year as a function of increased headcount and sales commission investments to capture new business in our growing markets. R&D expense was $13.1 million, a $2.0 million increase year-over-year as we increased headcount and made investments in our product roadmap. SG&A expense was $12.6 million, a $4.8 million increase year-over-year in line with expected expense increases associated with being a publicly traded company. Non-GAAP operating loss was $0.2 million as compared to our Q2 fiscal 2021 operating profit of $2.0 million, primarily reflecting the year-over-year increase in operating expenses just discussed. Non-GAAP net loss per share was fractionally negative in the Q2 of fiscal 2022 as compared to a loss of $0.12 in the Q2 of fiscal 2021, primarily reflecting a year-over-year reduction in interest expense and an increase in the weighted average share count. Turning to the balance sheet, we ended the Q2 with $56.0 million in cash and cash equivalents, an increase of $18.4 million from the end of fiscal 2021, and zero debt outstanding. Accounts receivable decreased $8.1 million since the end of fiscal 2021, in line with the expected seasonality of our billings and collections. In our last quarter, we told you that we would forward invest in growth, and we did so through strong go-to-market hiring during Q2. However, a number of our Q2 hires pushed their start dates to January, and Omicron-related factors temporarily reduced our T&E and marketing program expenses for Q2, a trend we expect will abate in Q3. Because of these factors, and because we continue to see opportunities to forward invest in sales, marketing, and R&D to drive further growth, we are raising our profitability guidance somewhat moderately at this time. We expect to manage the business for positive free cash flow while running modest operating losses in line with our previous guidance for the next few quarters. Now turning to guidance. For the Q3 of fiscal 2022, we expect SaaS and support revenue of between $47 million and $48 million and total revenue in the range of $65 to 66 million. We expect a non-GAAP operating loss in the range of $5 to 6 million and a non-GAAP net loss per share in the range of $0.09 to $0.11 using a basic share count of approximately $61 million common shares outstanding. For the full year fiscal 2022, we expect SaaS and support revenue of between $185 million and $189 million and total revenue in the range of $258 to 262 million. We also expect a non-GAAP operating loss in the range of $11 to 15 million and a non-GAAP net loss per share in the range of $0.24 to $0.28 using a basic share count weighted for fiscal year 2022 of approximately $61 million common shares outstanding. With that, John and I look forward to taking your questions. Ladies and gentlemen, to ask a question, you will need to press the star then the one key on your touchtone telephone. To withdraw your question, press the pound key. Now, first question coming from the lineup, Jackson Ader. Your line is open. Great. Thanks for taking our questions, guys. The first one is on the net new logo growth. If we look at the 50 or so that you added in the quarter, could you maybe give us a sense for what are some of the top end markets that contribute to that, to that 50 new logos? Well, Jackson, let me take that. Thanks, and good to hear you today. Most of our new logos, generally in a quarter, are driven in the financial services business, where we have both private capital markets and investment banking and other financial clients. There are numerous of them, and we have some real momentum there and w e tend to have fewer new logos in our professional services segments where we've been in business longer and where much of our sales opportunity tends to be more of an upsell or cross-sell nature than new logos per se. Okay, perfect. That actually leads into the second question, which was about the net revenue retention? kind of being above that, your 108% to 112% range. What really is driving this? Is this existing law firms or existing professional services that might be adding other lines of business or geographies? Are they adding new products at a faster rate than you had previously expected? What's really driving the upside to the 112%? Well, what we're seeing really is some pretty balanced good sales motions across the board. In financial services, that typically leans toward upsell of additional users where people have achieved success in the implementation, and it's working well and more people want to sign up for it. In professional services, in legal and elsewhere, it's typically cross-sell of additional product functionality, and there's lots of opportunity there. It's a fairly balanced contribution from both and y es, it's been better than our range here two quarters in a row so w e're continuing to look at that and are pleased with it. Yep. Okay, great. Thanks for taking my questions. Yep. Our next question coming from the line of Koji Ikeda. Your line is open. Hey, John and Steph. Thanks for taking my questions. Really great quarter. Kind of wanted to build on that last question from Jackson o kay, you know, NRR was above that 100%- to 112% range, you know, second straight quarter there, great news. I guess when would you feel comfortable maybe raising that range? You know, I guess digging in a little bit more, you know, on this quarter for the NRR, was it higher than last quarter? Any sort of color there would be helpful. Sure. Well, I think it's fair to say that if we see this kind of sustained success by next quarter, there's a chance we would consider changing this, revising somewhat next quarter, Koji. We were right around where we were last quarter, to be honest. We were just as good, if not slightly better than last quarter. We're optimistic about that. We just wanna be careful with the trends we see and, you know, it works out quarter- to- quarter, but really good business kind of firing on all cylinders here right now across the board. Got it. Thank you a nd the n the ARR, specifically on the Cloud ARR side, you know, thanks for the color t here are new logos coming from financial services. From ARR and thinking about this, you know, the +50% growth for the second straight quarter, I mean, is that growth coming from, you know, sounds like more DealCloud than OnePlace and, you know, I guess maybe more financial services versus professional services or, you know, how should we be thinking about, you know, where that strength is coming from in the Cloud ARR growth? Well, no, really it is pretty balanced on an absolute dollar basis between the two, if you will i think that, as we've said before, just based on where the two parts of the business started and their history and size and so forth, there's a little bit quicker growth in financial services than in professional services on a sort of a percentage growth rate basis. We're getting pretty good and pretty balanced contribution from both as part of the Cloud growth a s you know, it's all the new sales are Cloud, so they're coming from those two twin engines, if you will. Got it. Thanks, guys. Thanks for taking my questions. Appreciate it. Yep. Our next question coming from the line of Kevin McVeigh. Your line is open. Thanks so much, and let me add my congratulations as well. Just to follow up on the client success, it seems like you're capturing a larger percentage of clients with ARR over $100,000. Can you help us understand? Pardon me, what the average client size is today in terms of employees and how that's been trending over the last couple of quarters? Well, I'm not sure I have employees in an average size for you in terms of ARR o bviously, if you just kind of divide our ARR by the 2,000-plus clients, you'll see that the average for the business is over $100,000, but there's a spread there. In terms of employee size, I don't wanna hazard a number for you. John, you may have some color you would add there. Well, the range of firms that we sell to today, that we count in our client base, go from a handful of people at a just started private capital firm, maybe 5 to 20 people at the small end. The largest firms are the global investment or advisory firms, including the Big Four, which could have 180,000 to 200,000 employees. The platform does scale w e've built it in a way that supports the largest firms in the world, and then we get the Cloud benefit of being able to provide that level of capability and AI power down to the smallest just-started firms. Our go-to-market is organized by industry but also by firm size, and we engage a little bit differently depending on the scale of the firm. Overall, we're able to address a big chunk of the professional financial services market globally so w e're excited about the progress that we're making in winning clients of these different sizes because it shows the growth potential of the business into the market. No, that's great. That's great. Then, you know, it seems like given the acceleration in the revenue there. Help us maybe dimensionalize it, not really any kind of COVID-related pull forward, just given the continued acceleration i s that fair? I mean, you know, from a implementation or just overall client spend perspective. Well, I don't y eah, there's no pull forward certainly from, you know, really from the next quarter, if that's what you're asking. You know, or COVID t here are, you know, some COVID-related comparisons if you go back a full year, quarter-over-quarter that you're looking at here b ut, we're in a pretty normalized and pretty good business environment right now t hat's what we're mostly, you know, executing on. That's great. Congrats again. Thanks. Our next question coming from the line of Brian Peterson of Raymond James. Your line is open. Thanks, gentlemen, and I'll echo my congrats on the strong results so f irst one, John, I'm curious, post the user conference, you know, anything that you can share in terms of customer comments, conversations or pipeline or any kind of developments from pipeline in terms of how they may play out over the next few years? Thanks, Brian. The Intapp Connect21 event was a fantastic event w e had 1,700 folks attend from across all the subverticals that we call on. One of the interesting things that came out of it was how common and shared the challenges were for these firms that have a little bit of a different specialty each one, but the professionals are grappling with the same issues, and the business services teams that support the firms- -are grappling with the same issues so t here was a lot of enthusiasm across the subverticals to work together on discussing common opportunities for technology transformation t hat was a big theme that came out of it. There also was a real discussion of the impact of COVID on opening the eyes of these firms to digital transformation, to Cloud, to better enabling dispersed or hybrid workforces and so a lot of the conversations were reinforcing what we've been experiencing, which is these firms, through COVID, have shifted some of their- -focus towards better technology enablement and digital transformation for their people to compete in a changed environment so t here's a lot of discussion about that. To your question about pipeline, it was a very successful event for us a lot of new attendees that we had not met before, as well as a lot of our installed base coming and people referring to each other to get into the Intapp community. We're encouraged by the enthusiasm for what we're doing out there, and I think you're seeing some of it flow through to some of the results. That's great to hear m aybe a follow-up for Steph. I know you mentioned some of the hiring efforts, and we'll see those, kind of those investments start to kick on in the Q3 here. You know, how do we think about? that investment intensity and the go-to-market effort, you know, especially as we're thinking about a couple of years out? Should we expect that to continue going forward? Or we should start to see some benefits of those maybe in coming years? Thanks, guys. Yeah, no, we are continuing to forward invest when we can in sales and marketing, a s you said last quarter, we've had some success here so far this year, and that continues. You know, we are adding to our sales and marketing resources, you know, north of sort of 25% annualized kinda growth rate at the moment and i think that since we see so much opportunity right now, we're gonna continue to look to do that. You know, there's hiring and ramp-up time and so on that's part of the mix. Productivity improves after someone starts, and it gets better but w e're optimistic, and we'll continue to do that going forward as we see this market opportunity in front of us. Thank you. Our next question coming from the line of Parker Lane. Your line is open. Hi, guys, this is Matthew Kikkert for Parker. Really impressive numbers, specifically from Cloud ARR, keeping that north of 50%. You gave some great details, well, you know, breaking down financial services y ou're seeing more interest there over professional services and a bit of a mix from- Cloud migration, net new logos i wanna get a little bit into maybe the timing of the onboarding process for each of those segments. From first point of contact with the client all the way to when they're being added into the platform, what does that length of time look like? Is it different based on each of those segments that I mentioned? Okay. Thanks, Matthew. The question is, how long does it take us to onboard new clients when we win them? Yeah, exactly. If it's different versus professional services or financial services or, you know, Cloud migration versus a net new logo. Yeah. For the smaller firms, it's faster, and for the larger firms, it takes longer, obviously, because they're more complex environments that we're integrating into. On average, if you look across the whole client base in all scenarios, it's about a six to nine month process, which is weighted towards the larger ones so f or the smaller firms that we're getting up and running, we can do it in 30 to 60 days. There's a very rapid experience for the smaller organizations o n average, you're looking at something like six to nine months across the whole client base. Okay. That's great info. Does that affect how you're investing in your sales capacity? How does the you know, you touched a little bit on the go-to-market, but does it differ, you know, based on whether it's, you know, any of those four segments that were mentioned? In terms of how we're investing in the go-to-market team? Yeah. By segment or firm size? Yeah, exactly. How does that breakdown affect how you're investing in those different teams? Yeah w e're growing the teams pretty consistently because we see strong balanced growth across the different firm sizes and segments. Obviously, as we bring on a lot of new clients that we didn't have before, we're also adding people for support and client success to support the new client relationship. You'll see a little bit of weighting in investment there to make sure that we are in a position not just to win the client, but to take care of them and to grow the accounts from there. It's pretty balanced with some emphasis where we're winning new clients. Okay. Great. Thank you. Our next question coming from the line of Terry Tillman, your line is now open. Yeah. Thanks, and, congratulations from me as well h i, John, Steph, and David. I had two questions. I guess the first question, and I think I've asked you, John, a little bit about this in the past. It's always interesting with companies that go public, what kind of benefits they see. You all definitely have some footholds within some really large financial services and professional services firms. What I'm curious about is three months further into being a public company, how are you doing on larger transformational deals? like $1 million deal activity with some of these bigger firms now that you're public, you've got financials out there, you don't have debt, et cetera. Then I had a follow-up. Yeah. Thanks, Terry w e are pleased with the visibility that the IPO has given us. It continues to help us in winning larger clients w e gave a couple examples of client wins, including some that were quite large this quarter, and I think that the public visibility really helps in that regard. We also are seeing some growth in our existing clients that we had won as a private company before our IPO, but we have visibility to higher levels of the organization now, and that's helping us. For the larger transformational type deals, we are increasingly working on these Cloud transformations for the larger firms o bviously, it takes them longer to lay out that roadmap. We're making pretty consistent progress in bringing our clients to the Cloud for the first time in a bunch of areas, and we're excited about what that means for them and for our future. Got it t hat sounds good i guess the follow-up is, this is just an education question from me. What kind of correlation do you see when we're looking at financial services or even professional service, maybe on the law firm or the legal side? You know, who knows how the rest of the year goes, but whether it's capital markets or investment banking fees, if with the volatility that wanes and some of the goodness that has been going on in those industries starts to wane, and there's just not as much activity, you know, does that actually create an opportunity where they're not quite as stretched and slammed with just going out and doing business and they have more time to look at software? Or am I putting words in your mouth? Was that wishful thinking? You know, do things tend to slow down if the fees start kind of drying up? I'm just trying to understand a little bit more about what kind of correlation there might be with your business and just the end market. Thank you. Yeah. Thank you. One of the interesting examples that we can look back to was the 2008, 2009 recession. Those firms did choose that time to make pretty meaningful investments in their infrastructure w e're benefiting today, obviously, from the strong markets that are going on. One of the reasons that we like this end market is that these firms have multiple strategies and practices that they pursue, and they tend to shift their business internally as the business cycle occurs. You mentioned law firms l aw firms will switch from doing, deals and financing to doing litigation and restructuring and that sort of thing and w e found that we grew right through the last recession. We're not predicting anything on the macroeconomy, but I think we're well-positioned to handle it with this end market as things go, maybe better than a lot of other companies that might take a harder hit. Got it. Thank you. Now next question coming from the line of Brian Schwartz. Your line is open. Yeah. Hi, Steph and John. Thanks for taking my question this afternoon. I have a macro question for John. When you're thinking about all the puts and takes of everything that you've been talking about on the call here this afternoon, if you look out to this year, so 2022, would you say in aggregate that you're expecting the demand environment to be stronger? weaker? or the same than what you had in 2021? Well, compared to calendar 2021, it's definitely a stronger environment i mean, we're seeing that just in these numbers that we're showing. Our professional services line most obviously came back from a period when the firms were really paused, not knowing what's going on with COVID. I think just quantitatively, we're seeing a stronger environment. That being said, we also see the firms have made a pretty significant switch here to investing in technology and going through the Cloud transformation looking forward past 2022 into 2023. Folks are really thinking about this strategically in a way that, you know, people always talked about the importance of technology in these firms, the importance to the professionals, importance to their clients, but I think it sunk in here. We're excited about what's happening t he business is really, as Steph said, firing on all four cylinders. I think looking ahead, there's good demand for us. We're encouraged by what we're seeing. Good. The one follow-up I had for Steph, just wondering if you unpacked a little bit, but can you unpack even further, where these growth investments are going to? You know, it sounds like sales and marketing line. You know, is it going towards advertising? Is it all increasing the capacity? Is it marketing, new markets? Could you provide just a little bit more color on, you know, where you're increasing these growth investments? Thanks a lot. Yes. Sure and i think it is weighted to, you know, sales folks and sales capacity and support kind of on the ground because we're seeing, as John said, pretty good opportunities here w e really wanna take advantage of those w e certainly, across the board, are also investing in marketing and related areas y ou know, we had our big conference in the fall. I mean, the Omicron thing took a little bit of steam out of what we might have spent, actually. That was probably why we weren't spending quite so much in Q2, but we see opportunities across the board there. It's balanced, but I would say it's weighted a bit towards, you know, sales capacity and support for sales efforts in the field. Thank you very much. Yep. We have a follow-up question from Jackson Ader. Your line is open. Great. Thanks j ust a quick follow-up on one of the upsell answers that you gave to someone's question earlier. Even within maybe one of these larger investment banks or private equity funds, I mean, does the land? sometimes like how small will the land go? You know, will it be within, I don't know, like just a particular team within equity capital markets, and then you can go to debt capital markets or and beyond? Or does it go fund by fund sometimes within private equity? Like, how small are we talking about potentially within the land of some of these larger customers? Thanks. Yeah, I'll take a shot at that, and maybe John can elaborate i mean, Jackson, I think we can land, you know, as John said, at 20 people, and that could be a division or a small section of a firm, or it could be, you know, a part of one unit there. Then we can expand from there so i t can be relatively, if you consider that relatively small. We can also land quite a bit bigger than that, obviously. We would like to, generally speaking but i think we are efficient and effective enough, and we've seen enough success that that is often a good way for us to go. I don't know, John, if you wanna elaborate on that. Yeah. In the bigger institutions, particularly as partnership firms or the ones that have a history as partnerships, there's a lot of independent decision-making, and that actually plays strongly to our advantage because we can win footprints in some of these firms and start to show success and prove success with some very influential small groups that can make their own call on what they bring in. We're pragmatic about that, and we're finding that it's very successful o nce the rest of the organization starts to see what we're doing and how different it is from the existing environment, we start to grow, and that's a key part of our overall strategy. Yeah. Okay, great. That makes a ton of sense. Thank you. I am showing no further questions at this time i would now like to turn the call back over to Mr. Hall for any closing remarks. Okay. Thank you all for joining us. We appreciate your time as always. We're excited about the opportunity in front of us, and we're looking forward to talking to you again in Q3. Ladies and gentlemen, that does conclude our conference call today. Thank you for your participation. You may now disconnect.