you and for and Lisa, joining our everyone you, Thank call. afternoon thank good
we consecutive with with the revenue very or the first exceeded commitments various sectors, third pleased to deck XX% with up growth. customers. seeing growth we X% perspective, we quarter performance quarter Defense performance our the grew quarter. and that. revenue our third and was If It’s broad That pleased the Aerospace this From that that year-on-year, off by very consecutive we really slide it fifth I you are growth summary, market met are is quarter million in that’s our am of primarily our turn a based of fuelled existing from of generated year-over-year $XXX sector revenue four in
segment year-over-year. Medical first XX% quarter XXXX. year-on-year second the of significance Our of of since grew any is This quarter growth the
pleased driven by that’s growth our are We programs. with primarily diabetic and cardio in that, care
XX% year-over-year. Test Our grew & segment Instrumentation
we engagement cap providers. of are a security manufacturers We strength especially broad our to good by margin, driven given growth. X.X computing And we of of finally, the points improvement basis point a XX that posted have year-on-year. are sector equipment of margin gross and semi standpoint, gross XX% we portfolio storage enjoying and that’s fortunate our a year-over-year up From saw
EPS X.X%, Our non-GAAP $X.XX. was operating were margins our
cash cycle of day a was period days, year an quarter ago, year. days second seven over that’s previous a from Our the XX the deterioration X-day was this improvement
The results million. X XX, were quite XX. flat that quarter-on-quarter cycle was operations to Now has of clearly for days cash about is XX days at our but be cash conversion cash frankly flow that been increased minus of we hoping our and from below range
XX the are on from million for flow positive We operations cash year.
intact. year stays an XXX basis ago improvement XXX period. we that’s X.X% to XXX posted a a standpoint, ROIC of guidance Our And point from ROIC from
solid So quarter. quarter a this all-in-all, I consider
And third financial which that growth our quarter. in $XXX we extremely on the stated, I turn next focuses of to achieve of pleased focus drives bookings, we revenue post able essential therefore equal we’ve had booking to or on our growth page be objectives. than is you mark million for to and bookings bookings are am our that in the the to and us had set previously our revenue half If goal the second to better year. XXX as
came Industrial, markets, Medical. our at little mix, of XX% and high from bit good bookings value between A&D distribution you XX% our a and from As in look bookings a traditional pretty markets
So Telco, in as much are a winning customer telecom. color bookings. you generation do we in Space that And am very on Free optics this little said a these we I pleased let’s extremely next business on before business. new focussed quarter have the
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growth encouraged win which existing customers. is finally on new by this a then And very defense Medical, continue in that we space. are platforms to win We in see with
to this achieved for look to the in continue the posted the progress So, we you with [ph] first objective or result fourth quarter about our forward talking quarter and is that ahead. clearly we’ve
achieve out And number the and we next turning year order our at than improve right we a felt three financial revenue greater to earlier mix to looking XX. our we Now as just goal drive revenue And said, to have the growth. at the our to always that probably said ultimate operating to financial of that focus key this was slide, to growth And on initiatives. margins profitability of key goals of is -- allow laid in it level of to us performance we ROIC that, right X% do to continue areas. important in
on of the around customer experience the more the globe both our consistent importantly getting is of operational and levels drive optimization improved First global to focus with network, execution.
growth second finally sectors our capabilities therefore The drives growth, implement to that and engineering revenue bookings expand organization solutions. and our to and was market sales
done as initiatives. like update last give have several with these the stand to Now some now quarters, of where an on you we over I’d we
our together, decision that pleased and to was staff complete, bring substantially and better the communication, our For move I a the in with no that release was in corporate past facilitated that to we’ve more from am making. network major is was Houston done and [ph] talked entire Phoenix that action headquarters, better drive of corporation speed ability optimization, the thoughtful the announce the we relocate business. about that took to to disruptions
Secondly, join last the head us that of Mike month announced we operations. Buseman global would as
months. pleased actively Mike He board. our touring Mike’s been our to are agenda he’s operational on in excellence we accelerating know for and on sites have You and two extremely customer on is board focus
history our at organization. new to comes Medical having Medical [Indiscernible] is industry. efforts who joined and Braun. Boeing, head our our now has our on Martensen long at Rockwell business Todd us experienced As development vast our a Boruk & Lind heads organization, leaders full this experience our are to of in having it worked relates a with our sector Johnson, strength to Honeywell we’ve added go-to-market Danaher with [ph] sales space to worked recently teams in Lind to is previous Todd device And made space, Aerospace transitioning market Medical Defense and the Johnson In previously in our lead Qualcomm us lead [ph] has drive Medical. Collins. and announcement. two more importantly & partnership
excess in Now quarter per objective bookings and our $XXX our in clearly, is drive growth XXXX. laid out of ultimate that our we’ve to goal as million
challenge development, will our I We propositions traction organizations am for better and our by I by we and am us. are by do create value operations excited engineering lies that to that of pleased business ahead making the aligning our the customers.
look either As to the design and RF that more it expansion solutions our establishment the yield last value the of at range set me, customer profit speed Telco. these to our of are relocation the of driving a at two our of in centers. you two is value new which are engineering surveillance capability, in in And of Medical engineering keys year tied belief IoT, past a or will been high Or know that Defense stickier. to and or higher extend the have solutions fundamental Phoenix projects. importantly or over To more next-gen that and to and are end capabilities, broad sustainable in design robust we that our engagements investing we growth high
commercialize announcement with this device Now used selected in biometric and a ago, that as their the Benchmark serve part to been FDA. single manufactured Qualcomm that new record few sensor reference design and designs announced has and that Life they indicated weeks of a product smart
area. be extremely excited are We this parting Qualcomm to with in
significant believe off, data HIPAA-compliant Qualcomm exciting makes we healthcare in will access sensors to professionals and to network an know forward. these combination advancement You that this outcome Medical some going And of of only that based provide realtime also monitoring, facilitate think in patient first medicine. but unique will not devices healthcare near new and is the class I
arena more manufacturing to market. long device and that are to forward we and working to this So you we And moreover in record our IoT and track Qualcomm And commercial extremely FDA based to for is the with importantly then selection be through were we that to enhance on exciting as certification by to market first Qualcomm the new selected well market are expand we future demand But availability, this ground our honoured bring at designs of as design drive further was that Benchmark. importantly, the floor Medical capability. know Life. hopeful the look device
know by you is growth engineering this and exciting validation feel solutions So, work Qualcomm. are drive in of new engineering markets. is and we And the of to indication led opportunity can our how a strategy with humbled I this and an
series second the to of stated turn is just an on our target need next to set interim the operating XX%. model for in shall to second a order level year update some ROIC to to than I milestone, and of you we This greater of which reflect we track And on progress our is milestones. as our X.X the give to laid half than milestones billion of margins do a our business half that this X.X X.X greater those revenue billion achieve or our As waypoints slide to in we earlier out deck, milestones interim XXXX. be at of progress to
hope articulate And I pleased am just progress. to the so bookings, hope further said it second million to XXX in in to say the XX% revenue line are so $XXX a would market in be On value mix let year, be, of we by we our our above we be and higher quarter, our that segments. did the of me we standpoint from from revenue half coming third
at currently above have are last XX the quarters. been for XX three We and currently
margins at $XX do with above gross a second basis to or XX And our versus points X.X% half at where per work on $XX. on square have SG&A to we Our be the square away basis we year. the of for profit foot above we want target at from points and foot X.X% XX are
quarters Now right emphasis and is why will on puts in so over next be growth bookings the driving more revenue several over on profit validation for than mix essential. the two and last is the course and the we where dependent revenue the the therefore
the think I Still make balance we against these endeavour to majority will So we that to are and work of tracking well do happen. on targets.
that give it quarter and the to color over with you some take Don, then will Q&A. Don going we’ll some on turn So to I’m and
