Question-and-Answer Session
Operator
(Operator Instructions). Our first question is from Eli Lustgarten with Longbow. Your line is open.
Eli Lustgarten - Longbow
Good afternoon.
Pat Byrne
Good afternoon, Eli.
Eli Lustgarten - Longbow
Yeah, okay. Just listening to the talk, I mean you preannounced this quarter, so it's not a great surprise, we're looking at a little better third quarter from a volume level and a profitability level, looks like it's a little bit better, can you talk about the trends in the business? I mean seasonally we've had a big fourth quarter last year and I think the expectation was a relatively big fourth quarter this year. And the kind of environment that we are seeing, is that something that we should still be expecting or should we still be looking at, because of the economic environment both here and also abroad, suggesting that it's either unpredictable or we'll be getting more of the same that we got in fourth quarter and into 2009?
Pat Byrne
I'll take a run at that first, and then I'm sure Mike will follow-up. This is Pat. I think what we've got is we've got a combination of factors. One of them is that enterprise spending is something that is taking longer on some projects to get approval cycles. At the same time, we're getting a broad channel based business that, if you look at Q2, we grew the business compared to Q2 of last year in spite of some of these enterprise deals moving out in time into the second half. But I think the underlying picture is that the demand still looks robust.
Mike, do you want to add to that?
Mike Wills
Yes, I could. Eli, this is Mike. First of all, your perspective and your comment about fourth quarter historically being our largest, we don't anticipate to break that trend this year in 2008. But I think combined with your observations that we're all seeing at a macro level of the overall caution within our targeted vertical markets, I do believe that it will certainly have some degree of throttling affect associated with it that Pat just mentioned. But I don't anticipate that we're going to break that cycle.
Clearly, Q4 is anticipated to be a large quarter for us. But as Pat had mentioned, we are spending a lot of time now both with our partners and with our strategic account teams, focused on the timelines in the decision cycles that our customers are going through on these larger projects.
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