Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from the line of Rod Bourgeois - Sanford C. Bernstein & Co.
Rod Bourgeois - Sanford C. Bernstein & Co.
So you’re growing 36% and I guess there is definitely some currency benefit in that. You mentioned that you’ve seen acceleration in your pipeline recently and it would seem that these data points would imply that your revenue growth guidance of 20% to 25% might be on the conservative side, when you look at those numbers in the accelerating pipeline. So am I missing something in trying to reconcile the pipeline comment your current growth rate with your guidance for next year?
Alan Herrick
Yes, I think, as we look at the year in balance, we’ve given you solid guidance for the year. We do see strong opportunities in our pipeline, and we have and my comments about acceleration as we started with a softer January than usual we have seen acceleration and pick up in our four-quarter pipe since January 1 as we look out.
But when you look at growth rate overall, the way we think about is, we are really trying to build a great business. We want quality, we want consistency and we’re building off a bigger base than we obviously had going into ?07 given the great growth that we had in ?06, given the great growth we had in ?07.
So we think that 20% to 25% is a prudent choice. We want to keep quality high. We’ve got to execute in our sales cycle and make things happen, but we think that’s a good spot for us to be given what we are trying to be in the market.
Rod Bourgeois - Sanford C. Bernstein & Co.
Is there a quality or sort of internally imposed constraint on your growth at 25% where you’re saying? I don’t want to grow faster than 25% because I want to keep quality high and hire talent very carefully and so on and so on. Is 25% a constraint that you’re setting on yourself?
Alan Herrick
Yes, well the way we think about it it’s really based on, we think about the quality on the interactive side, the consulting side, we think about our geographic distribution that’s kind of come up with what we think makes sense for us and what we think we need to do in order to continue to move our brand and sit ourselves with the kinds of services that we need to provide for our clients.
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