Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Sterling Auty - JP Morgan.
Sterling Auty - JP Morgan
You’ve shown us the momentum here in the business with the acceleration of the top line. How do you feel the environment looks as you head into the end of the fiscal year and into next year? Is there ample opportunity to keep the business momentum going?
Dov Baharav
Sterling, we feel that we have experienced more momentum in our business in this quarter and with the acceleration of our license revenue and maintenance. However, there are some uncertainties in the market which were incorporated in our guidance for Q4 which presents an additional increase in year-over-year. It’s going to be quite significant. And regarding the future, we feel that given all the growth engines that the company has in the managed services, in the OSS, in the cable and satellite, in the emerging market, we feel that we will experience growth in 2009.
Sterling Auty - JP Morgan
And the final question is on the margin front. Can you quantify for us, or give us an idea, how much of an impact the first full quarter of the MSSP on the new AT&T business had? And how does the leverage then, you mentioned impermanence in operating margins in the fourth quarter, where does the leverage come from? Is it on that part of the business or is it made up in other parts of the business?
Tamar Rapaport-Dagim
Without going into specific [details] of these deals, we see both strong discipline in terms of the different operating expense lines and our ability to plan that going forward, as well as continuation of different initiatives we have in the way we deliver the project that enable us to do it in a more efficient, taking into the leverage of the bottom line, both the efficient way of doing the project as well as where we actually allocate the sources of doing it, utilizing local centers we have around the world, we have built enough capability to have flexible location of work force. All of that is considered into the bottom line. It’s not necessarily any one unique reason that is generating that.
Operator
Your next question comes from Liz Grausam - Goldman Sachs.
Elizabeth Grausam - Goldman Sachs
You made some more comments on the macro environment than we’ve heard in past quarters. I just wanted to get a sense of the origin of those comments. Are you having conversations with customers now that feel a little bit more tentative, are you sensing that the executives at your customers are getting a little bit more tense about the outlook that caused you to make those comments? Or is it just a general risk clause, given where we are in the U.S. economy?
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