Revenue during the quarter grew 16.65 percent to $1,846.46 million from $1,582.95 million in the previous year period. Gross margin for the quarter contracted 296 basis points over the previous year period to 21.57 percent. Total expenses were 97.09 percent of quarterly revenues, up from 94.97 percent for the same period last year. That has resulted in a contraction of 213 basis points in operating margin to 2.91 percent.