Regarding operating expenses for 2025, we will continue our disciplined expense management. We expect a slight uptick in expenses driven by the higher revenue levels that we are currently generating.

Jan 28, 2025 / CFO / receipt, needs a key / Allison Dukes, CFO | earnings call 2025-01-28 | transcript 7072775c-5bbf-4b50-8c71-754633f67fe0 | chars 18743-18942 | segment 18

We maintain an extremely disciplined approach to expense management and are focusing hiring and investment in the key capability areas that are driving our growth. As Marty and I have discussed previously, optimizing resource allocation to efficiently drive growth has and will continue to be a top priority for the organization.

Apr 25, 2023 / CFO / receipt, needs a key / Allison Dukes, CFO | earnings call 2023-04-25 | transcript 2fcdd0db-423d-4342-b59e-aa32cf468037 | chars 19365-19694 | segment 19

As COVID restrictions eased across North America and Europe, we saw a meaningful return of client activity and business travel, which contributed to increases in marketing and G&A expenses that I will cover on the next slide. Interacting in person again with our clients and our colleagues around the globe is integral to our success as we transition to our new normal ways of working.

Jul 26, 2022 / CFO / receipt, needs a key / Allison Dukes, CFO | earnings call 2022-07-26 | transcript b0d03fec-2542-4be5-b4f7-2a8c7f49a825 | chars 12940-13325 | segment 13

We spent approximately $14 million on travel and entertainment this quarter. We look back to the second half of 2019, travel and entertainment expenses averaged around $25 million per quarter in that pre-COVID environment. Given our new normal ways of working and various measures we've put in place, we do not expect to see travel revert to pre-pandemic norms. We believe that our experience in the second quarter is approaching a new normal range for quarterly spending, and we expect to recognize at least $5 million in savings per quarter or $20 million annualized as compared to prior levels of activity.

Jul 26, 2022 / CFO / receipt, needs a key / Allison Dukes, CFO | earnings call 2022-07-26 | transcript b0d03fec-2542-4be5-b4f7-2a8c7f49a825 | chars 14186-14795 | segment 14

One area that's still more difficult to forecast at this point is when COVID-impacted travel and entertainment expense levels will in more domestic travel and in-person engagement, and we do expect to see continued modest resumption of these activities across the third quarter.

Jul 27, 2021 / CFO / receipt, needs a key / Allison Dukes, CFO | earnings call 2021-07-27 | transcript aa26eb6a-bf75-4a90-a98b-84e6a821cedf | chars 14762-15040 | segment 15