Question-and-Answer Session
Operator
(Operator Instructions) Our first question comes from Matt McCormack – Brigantine Advisors
Matt McCormack – Brigantine Advisors
First question just on the revised guidance in light of the ramps, could you just kind of walk through what we should expect in terms of seasonality with the 3Q revenue and 4Q revenue?
Mike Marrow
In terms of seasonality, I think the best way I could answer that is that we've looked at these ramps. We've looked at our base of business, a lot of positive momentum and that has caused us to increase both the revenue and the EPS guidance. So a portion of it will be from these ramps with the new business portion of it from growth with existing, and I think just steady Eddie progress with the company.
Matt McCormack – Brigantine Advisors
So in terms of the third quarter revenue, though, we should expect that to be sequentially up and then the balance in the fourth quarter?
Mike Marrow
Yes, I think that's fair.
Matt McCormack – Brigantine Advisors
Then in terms of the new logo wins and the expansion with the existing clients, could you just kind of talk about where that business is being sourced? Is that coming from the in-house operations or are they competitive takeaways? How are you able to I guess achieve these new wins?
Andrew Szafron
Matt, I'd say it's a mix of all of the above. I'm not quite sure I follow your question, are you asking where it's coming from or where we're going to service it?
Matt McCormack – Brigantine Advisors
I'm asking where does the source of the wins, did you take it from another outsource circuit? Is it work that was being done in-house that the client is now outsourcing? Where are the wins coming from?
Andrew Szafron
A combination of those. There's some that is, if I look at our healthcare clients, I would say the majority of that is coming from in-house, some of it is new things they're doing. And the financial services that we announced, that is coming from in-house. The wireless, some of that is coming from their growth and some of it is coming from a competitor or competitors. And obviously the Tucson as we had stated that new sight is a client moving from a competitor to us. So it's a combination.
Matt McCormack – Brigantine Advisors
And the media company is also from a competitor end growth.
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