18% travel is still low is 12%. As I mentioned earlier, we wish that when we'll grow, grow faster and, and then the size of the pie getting bigger.

Aug 15, 2022 / receipt, needs a key / Tyler Japan, other | earnings call 2022-08-15 | transcript 9a4842fb-d7ee-4d48-a49a-25bcade10a1d | chars 45571-45718 | segment 47

Now, one of the things that we know is that travel has been very low in both 2020 and 2021. So, if we think about the guidance that I've given for 2022 and the margin profile, we do anticipate an increase in travel expense compared to the very low 2021. We would see this come through gross margin, so non-client travel and maybe just a little bit of client travel, as well as SG&A.

Mar 1, 2022 / receipt, needs a key / Aaron, CFO, CFO | earnings call 2022-03-01 | transcript 90af647b-6c1d-4475-9ebb-9430fbbb4cf4 | chars 42862-43244 | segment 43

But what happened is that some countries tightened up on COVID-related restrictions, so travel costs were definitely low in the third quarter.

Nov 15, 2021 / receipt, needs a key / Tenzin, other | earnings call 2021-11-15 | transcript 8a7ebc57-8885-4edd-917e-650c66cf8fa5 | chars 32823-32965 | segment 33

You know, it looks like you're going to exit the year at about, you know, for the full year, 20% plus adjusted even to margins. Can you just help us think through some of the factors affecting the margin dynamics in fiscal 22 and longer term? you know, maybe some of the full-year IPO costs are coming in. You mentioned lower travel expenses than expected, so maybe some of that comes back in as well. You know, just how should we kind of think about it broadly for now?

Nov 15, 2021 / receipt, needs a key / Cassie Alfred, other | earnings call 2021-11-15 | transcript 8a7ebc57-8885-4edd-917e-650c66cf8fa5 | chars 48942-49412 | segment 50

So, as you mentioned, we have delivered strong margin performance this year, and we expect that to continue. Our value proposition and our premium services are definitely resonating in the market. And we've talked already about how we are investing in our talent, as well as expanding our offerings and our capabilities. We also focus a lot on the fundamentals of our operations, and we can see that certainly in the year-to-date gross margin of 45%. But you mentioned travel costs, and definitely travel costs have been very low in 2021. And we do anticipate increases in travel in the coming year.

Nov 15, 2021 / receipt, needs a key / Cassie Alfred, other | earnings call 2021-11-15 | transcript 8a7ebc57-8885-4edd-917e-650c66cf8fa5 | chars 49457-50056 | segment 50