Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from line of Thomas Ernst - Deutsche Bank.
Thomas Ernst - Deutsche Bank Securities
I think you did a decent job highlighting the demographic drivers as they have been shifting first in the employment and etc rise and not rise as fast. What about the lag in your business? Do you think that you have begun to see a stabilization of transaction volumes as contracts come up for renewal or do you think there is still a little bit of a lag of that? I guess if you could compare that to what you have highlighted with the seasonable strength, is that mildly offsetting?there is a lag effect there. Is that mildly offsetting some of the seasonable strength that is embedded in your guidance?
Steve Singh
Yes, Tom I think that this does not really relate to the renewal element part of the business. But I think that you are absolutely seeing unemployment is easing clearly. The consensus estimate now seems to be about low 10, so 10.2, 10.3 something in that range and that actually back up for 2010. In addition to that, travel transaction certainly did see a flattening out in the June quarter as compared to October to March where you saw a pretty solid decline. I think it is fair and reasonable and in fact it is very pragmatic, it is assumed that there is a bit of a lag effect as this core metrics stabilize. It is going to have a lingering role into our business. So, that is the right way of looking at it.
Thomas Ernst - Deutsche Bank Securities
Okay, separate question. You mentioned the seasonally strong Q4 so I think you have some in Q4 looking back in terms of new customer acquisition. What about your current capacity, best strength for deploying, supporting customer go lives? Do you feel like you have the capacity here given your tight constraints and cost to have a strong typical seasonal Q4 as you normally do?
Steve Singh
Yes, and just to make sure we are clear what we are talking about in seasonally strong Q4 relative to print to bookings, as you all know, Tom we see the strongest bookings in our business in Q3 and Q4 and the answer to your question on deployment capacity, frankly we feel very good about the deployment capacity. It is part of the larger investments that we made at the early part of this fiscal year.
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