Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
So what: Revenues were up 13.1% to $321.6 million in the quarter, net income came in at $40.1 million, and adjusted earnings per share were $0.20. All results were higher than last year, even with client delays affecting revenue.
Now what: The company won 20 new clients in the quarter and reported a solid sales pipeline, but revenues fell short of expectations. I don't think this is a reason to panic, and it gives a long-term investor a good entry point to buy the stock. Growing sales and an earnings beat are always good in this Fool's eyes.
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Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
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