Question-and-Answer Session
Operator
(Operator Instructions). Our first question comes from the line of Kevin Liu with
B. Riley. Please go ahead.
Kevin Liu - B. Riley
Hi, good afternoon guys.
Peter Norman
Hi Kevin.
Kevin Liu - B. Riley
This first question I know you mentioned you are not taking NOI in terms of the financial services or customer is improving, but just a curious if you could give us a sense of what's your conversation with those customers like today? Do you anticipate that if things would have start to improve in '09 the deals were coming pretty quickly or does it look like you might kind of be stepping away from some investments for a little while?
Peter Norman
Yes, our sense is what we are hearing our number one our projects are definitely in the queue because of the cost reducing aspect of what we are doing and they are all looking at avenues by which you save money. And it's really kind of in a case of when their kind of budgetary dollars start to open up and some instances when the smoke clears and other instances than will be in pretty good shape to quickly close down. So, we are doing a lot of upfront work in the form of group of concepts and so forth.
On the international side we are giving some traction outside of the U.K, because as we mentioned previously the U.K. is still having some tough times. But in the emerging geographies we are doing pretty well in those projects are moving along we expect to continue to close more of those.
Kevin Liu - B. Riley
Alright. And then looking at your bookings guidance for the full year, I mean it implies kind of number north of $27 million in Q4. If you back out the Vodafone deal in the first quarter I mean you guys haven’t been at that level on in ending quarter this year. So, just curious if you can talk a little bit about either the momentum you are seeing towards the end of the quarter or in the beginning of this quarter or any other things you could point it out to support why you guys are so confident you can hit this number?
Peter Norman
Yeah, as we have mentioned the pipeline is at the highest point it’s ever been and we are starting to see activity again both domestically, if you look at the transactions that we talked about the large transactions we talked about closing this quarter. Citi continues to buy more licenses from us in addition to services and we had a transaction with Barclay’s [Aquafirst]. So, into the really kind of toughest economic environments out there we were able to continue to do business. So, that’s what gives us some solace in bringing that number out there.
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