“Because the indirect impact really started in the last few weeks and mostly in discretionary spend, we do think that there will be more impact in Q4, which is why we're saying that more of the range is in play.”

In context

“Julie Sweet: Thanks, Bryan. Because the indirect impact really started in the last few weeks and mostly in discretionary spend, we do think that there will be more impact in Q4, which is why we're saying that more of the range is in play. In these areas, it's not clear how fast things will change, particularly because some of the industries are dealing with longer-term issues. Think about automotive, where we have a large presence. They were already challenged, and now with the higher gas prices, that's added to it. It's difficult, of course, to predict and even exactly how it's all going to play out. Because we started seeing it really in the last few weeks on the indirect impact, we do think that more of the range is in play. The impact in the Middle East, again, it just depends on how quickly people start to focus on growing. That's how we're seeing Q4.”