, with Pastor Betsy Switzer and the Rev

The strong results we have reported so far this year, and even more pronounced this quarter, demonstrate that our strategy is working well as we have greatly expanded our cloud presence and increased our total addressable market fivefold, all while driving a material shift in market share.There are a number of elements driving our success in the cloud in which cloud revenues not only increased substantially year over year, but also increased 15% sequentially, over the second quarter. Contributing factors to our strength in the cloud included continued double digit growth in analytics, much of it being cloud based, double digit growth in managed analytics, and triple digit growth in Essentials, our cloud based Financial Crime and Compliance solution.Early in Q3, we launched CXone, the industry’s first fully integrated open customer experience cloud platform for companies of all sizes. Since the launch of CXone, we are now addressing cloud opportunities in all market segments and the pipeline is rapidly building.

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