Excerpt from the earnings transcript:
CFO mentioned - "Bookings continued to reflect strength and demand for future transformational services particularly in outsourcing and bookings were lighter overall than we expected in consulting. Our commitment to managing our business with rigor and discipline was reflected in our strong operating profitability, earnings per share and cash flow this quarter.
Now let's go through the numbers. Unless I state otherwise, all figures are U.S. GAAP except the items that are not part of the financial statements or that are calculations.
New bookings for the quarter were $8.3 billion above our expectations overall and they included a foreign exchange headwind of negative 3% compared with new bookings in the third quarter last year. Consulting bookings were 3.9 billion with a book to bill level of 1.0 which was lower than the 1.1 we were targeting."
Full Transcript here
CFO mentioned - "Bookings continued to reflect strength and demand for future transformational services particularly in outsourcing and bookings were lighter overall than we expected in consulting. Our commitment to managing our business with rigor and discipline was reflected in our strong operating profitability, earnings per share and cash flow this quarter.
Now let's go through the numbers. Unless I state otherwise, all figures are U.S. GAAP except the items that are not part of the financial statements or that are calculations.
New bookings for the quarter were $8.3 billion above our expectations overall and they included a foreign exchange headwind of negative 3% compared with new bookings in the third quarter last year. Consulting bookings were 3.9 billion with a book to bill level of 1.0 which was lower than the 1.1 we were targeting."
Full Transcript here
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