Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from the line of Bill Loomis – Stifel Nicolaus
Bill Loomis – Stifel Nicolaus
Looking at the targets, couple of things I noticed wasn’t in your presentation, one a specific margin goal. I think in the past I think you’ve said at least 8%. Can you talk a little about that and then I didn’t see any return on equity targets that you rolled out on your Analyst Meeting. What are your thoughts along those two?
Paul Cofoni
Our Analyst Meeting I think you’re referring to back in February in Boston, we highlighted three long-term metrics. The first was double-digit growth of net income and EPS. The second was organic growth in the high single-digit area. These were two to three type objectives. And the third was to consistently pursue opportunities to expand our margin toward a goal of getting to approximately 8% operating income margin over the two to three year period.
Those still are the goals. I did them in the priority that we have them. We continue to believe that EPS and net income growth rate is the number one priority for us and the company. We continuously look for, and organic growth is vital as we’ve talked about. With all the hiring we’re doing, over 800 people last year, this year we expect to hire over 700, 750 people net increase. And of course we continuously look for ways to improve our margin and are still committed to doing that.
Operator
Your next question comes from the line of Edward Caso – Wachovia Securities
Edward Caso – Wachovia Securities
There was a terrific DSO in the quarter, curious how much of that is seasonality or comp plan related and maybe what’s the normal DSO level we should expect.
Tom Mutryn
We had a very strong cash collection month in June; extraordinary. So that helped our DSO, the way we calculate our DSO and it also helped our cash flow year end cash balance. Last June we guided to DSO in the high 60 day range for fiscal year 2009. We believe the high 60 day range is a long-term and steady sustainable level. We’re pleased with the 60 day that we had in this quarter but we think that’s going to drift north of that.
Edward Caso – Wachovia Securities
Can you talk about anything you’ve seen so far on the new rules on task orders being protested, task orders of $10 million or more?
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