This level of margin also includes headwinds from cloud transition and a partial normalization of travel and entertainment expenses as we continue to hold more in-person conferences and visits as we engage with our customers.

Aug 3, 2022 / CEO / receipt, needs a key / Lee Schabel, CEO | earnings call 2022-08-03 | transcript 7fdc0f84-d88b-4bd2-b093-cf06a7f47bf7 | chars 3196-3421 | segment 3

This margin level includes roughly 220 basis points of benefit from lower travel expenses but also reflects a return to more normal pace of headcount growth and an increase in the pace of investment in our technological transformation, including our cloud transition costs.

Feb 24, 2021 / CFO / receipt, needs a key / Lee Schabel, CFO | earnings call 2021-02-24 | transcript 5fc1dab0-0fb9-4cbc-b0d1-79b59edde0a3 | chars 16970-17243 | segment 17

Net cash provided by operating activities was $249 million for the quarter, up 41% from the prior year period, primarily due to increased customer collections, a reduction in income tax payments owing to higher levels of stock option exercise, the deferral of certain employer payroll taxes resulting from the CARES Act, and a reduction in travel payments as a result of COVID-19.

Feb 24, 2021 / CFO / receipt, needs a key / Lee Schabel, CFO | earnings call 2021-02-24 | transcript 5fc1dab0-0fb9-4cbc-b0d1-79b59edde0a3 | chars 20927-21307 | segment 21