[jhwang5]

I think growth of cloud business - net / net - will decrease in 2020.

1) The basket of customers who may do a big Cloud migration may shy away from big CAPEX projects (unless it's a very low hanging fruit that saves money).

2) It's not completely obvious whether cloud saves money, it really depends on the customer case by case.

3) The big sales pitch for cloud migration was so it can add features faster. Adding new features isn't on top of people's minds right now

4) Existing cloud customer will find ways to optimize their cloud spend.