Our visibility going forward remains very limited, as has been the case for the last 18 months,

Business continues to be extremely robust, which makes us bullish on the second quarter and the rest of the year, ... We think margins will continue to expand, and sales pipelines look good again this quarter.

Business continues to be extremely robust, which makes us bullish on the second quarter and the rest of the year. We think margins will continue to expand, and sales pipelines look good again this quarter.

We're slowing down our growth in spending in Asia, but we're not going into a retrenchment mode. That would be stupid. We think Asia will come back eventually,

Nine months ago, we set out to save one billion dollars annually by using our own Internet e-Business applications, ... That billion dollar savings translates to a 10 point improvement in our margin.

Nobody knows exactly how this year is going to play out, ... We do know there was a bubble of spending for applications a year or two ago. The bubble kind of burst and for a few quarters the ERP market [has been] kind of soft. It's a tough environment.