Question-and-Answer Session
Operator
(Operator Instructions) Our first question comes from Shlomo Rosenbaum - Stifel Nicolaus.
Shlomo Rosenbaum - Stifel Nicolaus
I just have a few questions just in terms of the environment. Can you just go over the activity that you are seeing in your top clients, maybe the top three to top five, are they all in financial services verticals and if you could just talk about what is going on there?
Adam Gutstein
First, our top clients are not all in financial services. They are spread across financial services, healthcare, even enterprise and what we are seeing really does vary by industry. As I suggested in financial services, the market is certainly a challenging one. I think we all saw the results. They came out this morning and we know that folks are not yet seeing a bottom at it relates to housing and asset valuations and that sort of thing. So, it is clearly a cautious environment.
Having said that, we continue to work at those clients and we continue to work on important initiatives around risk management, compliance, technology and operations integration and so we feel good about the work that we are doing and I am convinced that are clients feel that what we are doing is pretty darn important to where they are. In healthcare, the work really has not changed much overtime. It is still about improving things like claims processing, improving things like the member experience, and improving the payers’ ability to integrate various operations and acquisitions that have been done overtime.
In pharma, it still continues to be around regulatory issues and insurance as I said earlier, the focus tends to be around cost base initiatives. But overall I would say that our top clients in fact as I mentioned earlier, our top client was stable. It has been last quarter into this quarter we anticipate the same going forward to next quarter.
Shlomo Rosenbaum - Stifel Nicolaus
Are they paying at the same rate? Is there any slowdown at all of that? I know you guys have really good DSO but is there anything that you are noticing on that front?
Adam Gutstein
We are not noticing that but then again, I would also say that you have to remember our clients tend to be top management and so we have a bit of an edge, I would say, as far as our ability to arrange the work properly and to collect it and frankly, as long as we are working on critical initiatives, that is not going to be an issue for us. We obviously do look carefully at the clients we serve and we want to be sure that they are, I hate to use this word but credit worthy. But our clients are industry leaders and generally speaking, they do not have that kind of an issue.
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