Question-and-Answer Session
Operator
Thank you. (Operator Instructions). Our first question is coming from Chad Bowen, please state your affiliation and then pose your question.
Chad Bowen - Raymond James
Good morning, gentlemen this is Chad Bowen from Raymond James calling in for Budd.
Jim Hackett
Hi, Chad.
Chad Bowen - Raymond James
The sound on the call broke up there for a minute, at least for me. Could you repeat the three year top-line assumption?
Dave Sylvester
Sure, we said that our top-line assumptions include moderate to single-digit, or single-digit growth rates, plus growth from specific initiatives and continued improvement in price yields.
Chad Bowen - Raymond James
Okay, that's great, thank you.
Jim Hackett
Was that’s the only part that’s broken Chad?
Chad Bowen - Raymond James
It was kind of intermittent for me throughout the whole thing, but that was only the specific numbers that I missed?
Jim Hackett
Okay. If anybody as the rest are listening, want any more clarity, please let us know we are sorry about that.
Chad Bowen - Raymond James
And you guys mentioned, a strong project business in North America, could you give us any additional quantification of that or perhaps a sense of the mix between project business or versus the annuity type business?
Terry Lenhardt
Chad, it's Terry Lenhardt. Typically, there is a pretty good balance between continuing in project business. What we noted in the first half of the quarter was that project were a little bit higher of that mix than we typically see at this time of year; it should be more to larger customers that drives that increase.
Chad Bowen - Raymond James
Okay.
Dave Sylvester
Remember, Chad, we talked in the second quarter about how that backlog that grew double-digit included quarters related to these larger projects, as well.
Chad Bowen - Raymond James
Yes. Okay, and I know you guys have been somewhat reluctant to do this in the past, but with the strength in North America, could you parse it all for us: growth rates, Steelcase, Turnstone, Nurture?
Jim Hackett
Well, you are right. We have been a little hesitant, and we are going to continue to be a little hesitant, but I will reiterate that it was relatively broad based quarter, and that those businesses continued to focus on their growth strategies.
Chad Bowen - Raymond James
Okay. And another quick question. You guys mentioned kind of turmoil in financial services, especially. Have you seen anything notable there? I know you mentioned no notable cancellations in deferrals overall, but what are you hearing from your customers that are specific to that industry?
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