good morning. Thank Colin, you, and
at constant our XXXX, third and of third quarter a on of third We excluding reimbursement Research Symphony actual the the acquisition $XXX.X X.X% a XX.X% in basis. for adoption quarter X.X% revenue the of of million million and million the foreign currency million impact Data quarter exchange currency of was $XXX third rates by to compared consolidated of grew of foreign the reported Revenue in segment quarter the revenues for of the actual $XXX and XXXX For XXXX. basis. Solutions the Revenue, XXXX. ASC XXX, constant and segment on XX% Health, $XX.X exchange rates Clinical for segment increased at revenue the
the compared Solutions third XX% costs currency we companies companies, Research which costs Regarding revenue. million the $X.X quarter increase increase direct metrics included concentration labor-related the large costs of in labor from expectations. of large hiring direct XXXX also companies, in costs increase $XX.X our pharmaceutical costs third from our $XXX.X segment, favorable in our direct Most quarter business. exclude in quarter our segment reimbursement handle small XX% in all $XXX.X the and incremental Unit pharmaceutical foreign generally million was companies. XXXX of XXXX. biotechnology other segment, Total increases adoption our of mid-sized included were to in reflect our XXX direct in revenue labor-related of with an of quarter from million to of derived in in million. and Data new to third concentration results. The the increase XXXX, Data a XX% for related were from line third biotechnology not The from our to our These and XX% Solutions of primarily effect costs Clinical were revenue
expense increase SG&A ASC the compared Excluding for service XXX costs expenses of to of reimbursement reimbursement the direct increase of revenue, the total and adoption revenue quarter an increase XXX stock-based ASC exchange related percentage year. revenue annual a is stock excluding the purchase of current in compensation XX.X% impact percentage XXXX of rate the SG&A for the of quarter of XXXX. during primarily is favorable related in quarter XX.X% employee expenses costs revenue, to in as in direct primarily the service adoption to and or of were as The the decrease of in third grant of fluctuations due our compared and XX.X% the a utilization of our million primarily impact were to increase plan. to stock-based the revenue of of of XX% an our program quarter revenue $XX.X third currency is and initiation in The slight compensation XXXX XXXX. the adoption of The third in third staff.
to the transaction-related of associated $XX.X costs with contingent During expense secondary These of vested stock-based August connection and estimated of XXXX, value offering. million expenses of million XXXX Symphony compensation $X.X incurred incurred of we with in the Health acquisition, transfer the release related options million. the restriction portion consideration related the consisted million third fair $X.X quarter our $XX.X increase to of of the of remaining expenses in our an on
XX.X% to we incurred increased the an the September and capital. for XXXX, per excludes XX.X% months XX, does XXXX, operating third Adjusted increase correspond diluted expenses third working to net million During $XXX.X whose for $X.XX Cash to transaction-related primarily XXXX. per optimization third September share the million quarter in our in million operational performance to of increase quarter operating in the The $XX.X of in changes compared necessarily ended in by to million. cash $XXX.X from period-to-period $XX.X of share results, flow the result the certain the income, X per was X of income our items share $X.XX quarter Adjusted XXXX. of which compared net XXXX our the was XXXX. in XX, months ended third of operations of fluctuation provided not grew quarter
third net XX XXXX quarter $XX.X days quarter the outstanding were XXXX. of days $XX.X Capital Our was sales at XX, expenditures third September million in compared million to the XXXX. of in
of continue to reflect support the and in Our our expansion our infrastructure capital our technology the information growth. expenditures to investment
less our compared debt cash cash million the XX, third foreign the was XXXX, outstanding, to Net as was cash total $X.X defined September $X.X debt quarter, by billion billion subsidiaries. at at $XXX.X of XXXX. equivalents, XX, Our was at million end of September $XX.X and which balance held
XXXX, principal quarter million. $XXX.X made third the we of voluntary During payments additional of
currency XX, excluding and expenses total reimbursement adoption denominated at the U.S. revenue, of Regarding ASC dollars. of our concentration of XXX the our September and XX% impact were revenues XX% of XXXX, in
be have are of in less in our GBP X% continues exposure Our X% expenses of hedged. GBP. than naturally euro to We denominated of denominated currently revenue
of ways reducing on exposure. work to continue GBP We our
updating As discussed guidance. release, in our our are XXXX we press
and of XX% constant growth We the growth billion, are to adopting reimbursement and constant impact to $X.XX and of to revenue. as-reported XX% XX%, maintaining $X.XX our between organic currency and excluding XX%, growth of reimbursement XX% excluding XXX of XXX adopting representing of estimated impact revenue the revenue billion currency of XX%,
net recognize $X.XX remind income XXX. create requires income updating Tax be net are $X.XX and annual inclusion XXXX, costs and to of per Act. that income entitled U.S. receive out-of-pocket expected $X.XX between to our I amount amount of between we XXX implemented reimbursable of share We We diluted share fees difference and per guidance $X.XX tax our expected per from will our the share. diluted the Cuts statements. to customers from of financial beginning we the in a rate our we calculation share XX%, are and adoption updating approximately adjusted the to Jobs ASC The anticipate and timing want may changes the in investigator the per our effective which ASC between and that of revenue everyone revenue the and in incorporates GAAP
from Act. there what related pretax geographic or additional the changes have and Our may Jobs differ if guidance changes Tax we if estimated of effective analysis to interpretation, if Cuts or tax from our in is are this rate U.S. the the earnings estimate issued distribution
Our other updated exchange British $X.XX. $X.XX of XX, of guidance foreign of All a rate XXXX. exchange assumes rates pound rate September exchange Euro and as are a
a moment Finally, color little business. take Solutions more like Data a I'd to the to provide on
to $XXX approximately plans our the mentioned, of amount XXXX. progress, our is and the remain to hand we and our revenue for in of for revenue we'd XX, Colin our hit at this That XXXX segment prepared continue your given about Included will potential integration are that we million now September And be remarks, As business. happy guidance in take optimistic Solutions confident the concludes Data questions. target.
