This is due to bookings typically being highest in the fiscal fourth quarter when related variable selling costs, such as commissions and travel expense, are higher.

Apr 6, 2022 / CFO / receipt, needs a key / Gary (CFO), CFO | earnings call 2022-04-06 | transcript 7da90c08-634e-4cf1-9bcb-51d1f7c1012b | chars 17933-18098 | segment 17