Question-and-Answer Session
Operator
(Operator Instructions) The first question comes from the line of John DiFucci - JP Morgan.
John DiFucci - JP Morgan
You both talked about the difficult environment out there and we have been hearing it from other companies and we see it out there. It is obvious. You have managed to put up some decent top line numbers and even better on the bottom line. Can you talk to us a little bit more about what you are seeing, you said you are going to re-accelerate or accelerate your restructuring, you obviously see it is getting tough out there. Just talk a little bit about what you expect going forward and perhaps maybe you can talk a little bit about your bookings too because even though as you point out it is a real tough environment it looks like flat year-over-year looks pretty good but it is harder for us to look?everybody looks at it year-over-year but perhaps that is not the best way to look at it given these are typically about 3-year contracts.
Nancy Cooper
Let me take your first question on the restructuring. We talked a lot about it and we have been on this road kind of for three years. I think anyone who was looking outside would have said the situation we are all in required us to go back and our senior management team as a team decided that we needed to accelerate the actions we were taking to remove costs out of the business. I am actually quite pleased with our team in terms of not waiting and deciding to move ahead and what you are seeing in the results is that speeding up of activity.
John DiFucci - JP Morgan
So that speeding up of activity had more to do with what you are seeing out there in the environment versus the progression of the internal operations?
Nancy Cooper
Well, I think what you had a company that has been working on streamlining its cost structure for years so we had a plan in place. What you had was a management team that decided to accelerate that.
John Swainson
It is very hard for companies other than cutting obvious things like marketing; it is very hard to start cutting costs out in ways that are really intelligent. What Nancy is alluding to is the fact we have a long-term plan. We have been executing that plan. You have seen our margin improve quarter-over-quarter for several years and we were able to go on the right items to continue to improve margin without having to start new things from scratch or do things in sort of a knee jerk way.
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