AI Applications & Copilots

AI agents are moving from experimental pilots into procurement, accounting, and finance, where they are redesigning work through role consolidation, hiring freezes, and the quiet absorption of junior positions. Workday has launched a suite of AI agents for finance, including an Accounting Agent that continuously reconciles accounts, tests controls, and catches variances, and a Procurement Agent that reviews every transaction against contract terms and SLAs. SAP has introduced Joule agents for procurement through Ariba and Fieldglass, plus an Expense Automation Agent the company says cuts report completion time by up to 30% and a Project Billing Price Verification Agent that reduces time spent resolving price discrepancies by 75%. On Oct. 7, Automation Anywhere announced the acquisition of Boost.ai, extending its Autonomous Enterprise vision, the idea that business functions can run up to 80% autonomously, into conversational and voice AI for back-office workflows. BCG's Henderson Institute reported in January 2026 that 50% to 55% of US jobs will be reshaped in the next two to three years, with 10% to 15% eliminated within five, and data from JobZone Risk in October 2026 shows that of 21 million US workers in finance and accounting, only 3% sit in what the firm calls a structurally safe zone. Ninety percent of Chief Procurement Officers are already exploring or using AI agents, according to Icertis and ProcureCon research, and 64% expect AI to transform their roles within five years, per the Hackett Group.

BlackLine expanded its industry-specific financial operations modernization program, rolling out preconfigured transformation blueprints and templates for banking, insurance, energy, and life sciences, while also achieving PCI DSS compliance to strengthen security for high-volume payment card reconciliation in retail and financial services. The company said embedding industry expertise, AI-enabled workflows, and direct access to senior finance leaders into its platform is aimed at shortening deployment times and helping complex, highly regulated customers modernize core finance processes more quickly and with greater control. The product news comes alongside BlackLine's decision to expand its equity buyback authorization to US$600 million, a move that would deploy essentially all free cash flow into repurchases and could cushion per share metrics if revenue timing remains lumpy. BlackLine's narrative projects $1.0 billion in revenue and $168.4 million in earnings by 2029, requiring 11.9% yearly revenue growth and about a $133.6 million earnings increase from $34.8 million today, while some of the most optimistic analysts already assumed roughly US$1.0 billion in revenue and about US$216.6 million in earnings. The company's forecasts yield a $38.10 fair value, a 28% upside to its current price.

Goldman Sachs and other Wall Street firms upgraded their views on Palantir Technologies in early October 2026, citing accelerating demand for sovereign AI, bespoke applications, and its verticalized AI platforms across government and commercial customers. At the same time, Palantir and Armada announced a partnership to deliver sovereign AI on modular data centers manufactured in the U.S. and allied nations, reinforcing Palantir's pitch that customers can keep models, data, and infrastructure entirely within their own security perimeter. Palantir's narrative projects $23.0 billion revenue and $10.2 billion earnings by 2029, requiring 55.2% yearly revenue growth and about a $7.2 billion earnings increase from $3.0 billion today, and yields a $195.57 fair value, a 6% downside to its current price. By contrast, the most bearish analysts assumed revenue of about US$17.9 billion and earnings of roughly US$6.4 billion by 2029, with slower margin expansion and higher competitive pressure potentially muting the impact of deals like the Armada sovereign AI stack.

Engine by Gen announced that its Savvy insurance marketplace has launched what it calls the first insurance shopping website built specifically for AI agents, restructuring the quote process onto a single page and limiting how customer contact data can be used. The model aims to welcome AI agents into the insurance-buying process while giving consumers tighter control over their data and reducing spam for both shoppers and carriers. The launch comes alongside Gen Digital's reported approach to acquire GoDaddy, a deal that would layer a sizeable transaction onto roughly US$8.0 billion of net debt. Gen Digital's narrative projects $6.0 billion revenue and $1.3 billion earnings by 2029, requiring 5.8% yearly revenue growth and about a $0.2 billion earnings increase from $1.1 billion today, with a $32.56 fair value implying 40% upside. The upcoming fiscal 2027 second quarter earnings release and call should give investors more context on capital allocation priorities and balance sheet tolerance.

ZoomInfo announced a native integration with ClickUp through GTM.AI, sending its shares up 2.5% in the afternoon session. According to the BusinessWire announcement, the integration lets mutual clients bring verified company and contact data directly into ClickUp through a connector based on the Model Context Protocol, which enables software applications to exchange data and context seamlessly. The move came as technology equities broadly rebounded from a sharp sell-off sparked by concerns over artificial intelligence revenue expansion, with CNBC reporting that major equity averages moved higher at the open on Friday as market sentiment stabilized across the SaaS sector. Reuters reported that a day earlier, shares across the artificial intelligence and broader technology space had faced heightened selling pressure following an OpenAI revenue report that rattled investor confidence regarding near-term monetization, but CNBC noted the pullback proved short-lived as dip-buyers re-entered the market. After the initial pop, ZoomInfo shares cooled to $3.91, up 0.9% from the previous close.

Descartes Systems Group unveiled the Descartes Agent Control Plane at its Innovation Forum in Chicago in early October 2026, an AI-driven orchestration layer built on its Global Logistics Network to coordinate multi-step workflows across applications and trading partners under defined policies and human oversight. By embedding AI agents directly into logistics processes while enforcing customer-defined guardrails and full traceability, Descartes aims to make automation more trustworthy for supply chain operators who need faster responses without giving up control. Among the Innovation Forum announcements, the MacroPoint OpsForce offering looks most relevant because it shows how Descartes is already applying AI to real time tracking and exception handling, the same problem set the Agent Control Plane targets at a broader workflow level. Descartes Systems Group's narrative projects $1.0 billion revenue and $275.4 million earnings by 2029, requiring 11.3% yearly revenue growth and about a $111.6 million earnings increase from $163.8 million today. Three Simply Wall St Community valuations cluster between C$128.28 and C$161.30 per share, with a CA$128.28 fair value implying a 9% upside to the current price.

Brokerages are shifting from developing their own large models to collectively joining third-party AI platforms. In early September, Tencent's WorkBuddy open platform went live, and GF Securities became the first brokerage to enter the ecosystem zone, launching 12 self-developed skills and 9 expert capabilities in the first batch, describing its Buddy application zone as a digital flagship store within Tencent's AI ecosystem. In late September, six AI skills from China Securities' self-developed Dragonfly Skill went live on the WorkBuddy skills marketplace. On September 7, Alibaba's Qwen open platform launched more than ten financial intelligent agents, with four brokerage bots among the first to join: Guotai Haitong's Lingxi, Industrial Securities' intelligent investment assistant, Soochow Securities' Xiucai, and CICC Wealth Management. Moonshot AI's Kimi released a financial industry solution, with China Securities and CICC among those deploying or co-building it in their operations. Jiemian News found that brokerages joining third-party AI platforms have formed two clear paths: one is listing professional tools as skills on AI office workbenches such as Tencent WorkBuddy, and the other is joining general AI assistants such as Alibaba's Qwen as standalone bots for conversational services. Yang Ling, a securities industry analyst at Analysys Qianfan, pointed out that the primary purpose of brokerages' intensive integration is to expand new user touchpoints, and the real value lies in first building user awareness and then gradually guiding users to their own apps, investment advisory, and wealth management services. According to Analysys data, in June 2026, the combined visits of 17 mainstream desktop AI-native office agent platforms in China exceeded 60 million. Tencent Marketing disclosed on September 15 that in 2026 it has completed the full chain of account opening and customer acquisition with brokerages, with more than 40 traditional brokerage headquarters investing in customer acquisition during the year, and leading brokerages' budgets reaching the tens of millions of yuan level. In terms of self-developed investment, the 2025 annual reports show that Guotai Haitong Securities ranked first with information technology investment of 3.235 billion yuan, Huatai Securities at 2.679 billion yuan, and China Merchants Securities, China Securities, CICC, GF Securities, China Galaxy Securities, Guosen Securities, and Shenwan Hongyuan also above 1 billion yuan.

Microsoft CEO Satya Nadella on Friday unveiled Microsoft-Decision-1, a new fast decision-making artificial intelligence model. Nadella said in a post on X that the model delivers top performance on structured decision tasks, outperforming both LLMs and other decision models in latency and quality, and that Microsoft is already testing it across the company for everything from incident response and quality control to scientific discovery. Microsoft said in a blog post that the model is designed for routing, classification, prioritization, verification, and workflow control, making it easier to incorporate decision intelligence into existing applications, agents, and workflows in a secure, trusted environment. Microsoft added that Microsoft-Decision-1 is 4.5 times quicker than Quyet-1.0-Large and 35 times quicker than OpenAI's GPT-6 Sol. Pricing for the new model is $0.42 per 1M tokens for input tokens, while output tokens are free, and it is available in Microsoft Foundry and will soon be available in OpenRouter.

Software stocks have rallied sharply back after the so-called AI SaaSpocalypse narrative hammered the sector, with the broader software group and the IGV index up 21% since the end of June relative to a 4% gain in the broader S&P 500, according to JPMorgan strategist Samik Chatterjee. Top performers include Paycom, DocuSign, Workday, Salesforce, Cloudflare, Twilio, and Microsoft. Chatterjee attributed part of the rally to a valuation multiple rerating across infrastructure and application software companies, and said renewed belief in the group could be sustained into year-end as investors digest third quarter earnings. Heading into third quarter earnings, he expects broader share price momentum to continue with infrastructure software companies leading on AI-led tailwinds driving robust beats on both top-line and earnings, though potentially only in line on gross margins. He added that application software companies should also participate on raises to full-year guides, aided by building momentum in AI monetization as incremental revenue on top of core businesses.

SailPoint reported fiscal second-quarter 2027 adjusted earnings of 9 cents per share, up 28.6% year over year and 12.5% above the Zacks Consensus Estimate of 8 cents, and raised its full-year ARR outlook. Revenues rose 16.8% year over year to $309 million but missed the consensus mark by 0.51%, while annual recurring revenue increased 25% to $1.231 billion and SaaS ARR climbed 36% to $847 million. AI-driven ARR exceeded $70 million, and the AI-driven pipeline more than doubled since the June 2026 Investor Day to more than $200 million. For fiscal 2027, the company raised its ARR outlook to $1.375-$1.385 billion from $1.364-$1.374 billion, with revenues still forecast at $1.265-$1.275 billion and adjusted earnings at 30-34 cents per share. For the fiscal third quarter, SailPoint expects ARR of $1.288-$1.292 billion, revenues of $326 million to $330 million, and adjusted earnings of 7-8 cents per share.

Presentations.AI, an AI-native presentation platform backed by Accel and Together Fund, has launched an unlimited-seat Team plan priced at $720 per year, positioning itself as a Beautiful.ai alternative for businesses that want team-wide access without per-seat pricing. The plan includes unlimited team seats with a shared allowance of 30,000 AI credits, compared with Beautiful.ai's Team plan for two to 20 users at $40 per user per month billed annually, or $480 per user per year; at published rates, a 10-person team would pay $720 with Presentations.AI versus $4,800 with Beautiful.ai, a difference the company puts at 85 percent less before additional usage, taxes or negotiated discounts. The platform, used by more than 12 million people, adds Brand Sync technology that detects a company's logo, colors and fonts from its website URL and applies that identity automatically, plus document-to-presentation conversion from PDF, Word, Excel, Notion, Markdown and website URLs, with native editable PowerPoint export. Presentation Refresh, its patented update technology, connects changing sections of a master presentation to sources including Salesforce, HubSpot, Snowflake, BigQuery and Google Sheets for scheduled or on-demand regeneration. "Businesses need presentation software that works with the information and tools they already use," said Sumanth Raghavendra, CEO and co-founder of Presentations.AI, adding that it also means giving every employee access without multiplying subscription costs for each occasional creator. Presentations.AI was founded in 2018.

Google Cloud CEO Thomas Kurian announced a new Gemini agent that lets enterprises delegate outcomes through a single prompt box, backed by 8 million paid Gemini Enterprise seats active across 4,200 companies. The platform introduces coworker agents with their own email addresses, calendar access, and directory presence, operating across Google Workspace, Microsoft 365, and Slack. The orchestration layer is built on Gemini but natively routes tasks across Anthropic Claude and over 200 other models in Model Garden, including open models like Gemma 4, a multi-model approach already used by PayPal, which routes 10 million multi-model requests every week. Google Cloud reported $20 billion in revenue for Q1 2026, a 63% year-over-year increase, with an 800% surge in generative AI product revenue, while the TPU 8i chip delivers 80% better price-performance than previous generations. Security controls include the Agent Gateway, an AI network firewall that understands the Model Context Protocol and Agent-to-Agent protocols, alongside the Agent Sandbox, with BNP Paribas deploying the tools to over 65,000 employees and Bradesco cutting document review times from an hour to five minutes.

Sopris Capital has completed its acquisition of Blackford Analysis from Bayer, the Miami-based multi-strategy investment firm announced. Blackford, founded in 2010, launched the industry's first AI orchestration platform in 2016 and today offers a portfolio of more than 130 AI applications from over 45 partner vendors. Sopris is in the process of combining Blackford under one of its top performing portfolio companies, Azra AI, a step expected to be completed in the coming days or weeks. Blackford will continue to operate as a separate legal entity with operations in Scotland and the United States, serving its existing OEM partners and health system customers without disruption. Abinav Sankar, Managing Partner at Sopris Capital, said the deal gives the firm a critical foothold at the moment an image is captured and analyzed, while Blackford Managing Director James Holroyd said Sopris's support will let the company broaden and deepen its work with customers, channel partners and AI vendors.

International Business Machines Corporation has launched IBM Ready for SAP SE Solutions, a program aimed at helping midsize and fast-growing businesses modernize their enterprise resource planning systems. Under the program, IBM will combine its industry expertise, fit-to-standard implementation approach and IBM Consulting Advantage, its artificial intelligence-powered consulting delivery platform, to accelerate the adoption of SAP Cloud ERP. IBM helped Volumetric Building Companies reduce operational cycle times by 50% across purchasing, manufacturing and inventory processes after a three-month SAP Cloud ERP transformation, and also supported Second Nature Brands in integrating its acquired Voortman Bakery business into a common enterprise platform. According to research from the IBM Institute for Business Value, 68% of enterprises consider accelerating ERP modernization important for improving operational efficiency and maintaining competitiveness. IBM faces competition from Microsoft Corporation and Amazon.com, Inc., with Microsoft expanding its Dynamics 365 ERP software with AI tools and Amazon Web Services helping businesses integrate AI tools with SAP ERP systems.

BigBear.ai Holdings is positioning itself for stronger revenue growth in 2027, citing expanding defense-related AI demand, contract wins and strategic acquisitions. In the second quarter of 2026, revenues increased 13% year over year to $36.7 million, while gross margin expanded 781 basis points to 32.8%, and the company reaffirmed its 2026 revenue guidance of $135-$165 million, targeting 17% growth. BigBear.ai secured more than 20 contracts during the quarter, with individual values reaching $5 million, and backlog increased 9% from 2025-end to $269.6 million. Growth opportunities are expanding through Ask Sage's generative AI platform, CargoSeer's customs inspection capabilities and ConductorOS drone orchestration technology, with recent wins including a five-year CargoSeer deployment in El Salvador and an Ask Sage engagement with the U.S. Naval Air Systems Command. Despite the top-line improvement, the second-quarter adjusted EBITDA loss widened year over year to $11.6 million from $8.5 million, reflecting higher sales, marketing and research investments, while the company's $409.8-million cash and investment position provides flexibility to pursue acquisitions heading into 2027.

RS Group PLC increased Paid Search revenue by 6% while cutting ad spend by 5% after adopting Corvidae AI's patented session reconstruction technology to feed accurate customer journey data into its automated bidding. The four-month controlled pilot, run across RS Group PLC's Italian operation, improved return on ad spend by 12%, and the process is now being rolled out to all other regions. Across all RS Group PLC properties worldwide over the same four-month test period, Corvidae tracked £193m more revenue than Adobe Analytics and covered over 95% of the active customer base, rebuilding customer journeys without cookies after the company moved to a strict reject-all first-party cookie consent model. The reconstructed data showed journeys 46% longer in the UK and 68% longer across the EU, and exposed channel overlap invisible to platform reporting, with 58% of all sales touching a Paid Search ad and 72% of those also involving an Organic Search interaction. Corvidae fed the reconstructed journeys directly into RS Group PLC's bidding algorithms and into Power BI via API, and CEO and Founder Chris Liversidge said the underlying problem is not specific to RS Group PLC because every advertiser buying Google and Meta is bidding on incomplete data.

Box, Inc. announced that Japan's The Ogaki Kyoritsu Bank has rolled out Box Enterprise Advanced as an AI-ready, secure content lake to centralize unstructured data and support AI-driven workflows across the bank. The deal highlights how regulated financial institutions are turning to Box's security, governance and AI tools to make sensitive internal content safely usable by AI. Box's narrative projects $1.6 billion revenue and $98.4 million earnings by 2029, requiring 8.8% yearly revenue growth and a $2.1 million earnings decrease from $100.5 million today. Before this banking deal, the most optimistic analysts were already assuming roughly 9.5 percent annual revenue growth to about US$1.6 billion by 2029 and a rich PE. The forecasts yield a $38.71 fair value, a 7% upside to Box's current price.

Rezolve Ai has unveiled RezolvePay, a system that lets consumer AI agents interact with merchant-side agents and complete purchases, targeting a global retail industry of approximately $30 trillion in annual sales. The company cited McKinsey estimates that AI agents could mediate $3 trillion to $5 trillion of global consumer commerce by 2030, and said its strategy is to supply the commerce and payment infrastructure through which retailers, brands and enterprise partners participate in that shift. Rezolve Ai published a video showing Meta's Muse interacting with a coffee shop's RezolvePay agent to complete an online order for in-store collection, with a receipt identifying Muse as the agent that placed the order. Naga Samineni, CEO of RezolvePay, said consumers will choose different assistants to shop for them and retailers need the ability to serve those customers whichever agent they use, adding that Rezolve Ai sits on the merchant's side of the interaction and that its proprietary payment rails give it a role in the infrastructure and economics beneath the purchase. RezolvePay combines payment orchestration with Rezolve Ai's proprietary payment infrastructure, including digital-asset and stablecoin rails, and the company said its commercial opportunity includes deploying solutions to merchants and licensing its underlying technology to platforms, financial institutions and payment networks.

BMO Capital Markets reiterated an Outperform rating and Top Pick status on Alphabet after the company launched Gemini Agent, a unified enterprise AI agent that runs in the cloud and can be accessed across devices. The launch builds on the recent release of Gemini 4 Argo and puts Alphabet in competition with Meta's Muse and OpenAI's Dots. BMO analysts said Alphabet is well-positioned to scale AI agents across the enterprise, citing initial connections to critical workflows including Microsoft Office, Salesforce and ServiceNow, plus direct integrations into its own product suite. About 80% of Google Cloud customers use Google's AI products, and about 500 enterprise customers each processed over 1 trillion tokens in the past year, while Ulta Beauty's AI shopping assistant built with Gemini Enterprise drove a threefold increase in sales conversion. Management also highlighted a 98% drop in cost per token since 2024, and BMO said its recent expert call suggested token prices may bottom around 2030, after which closed-source model providers may seek to raise prices.

The Ministry of Digital Economy and Society announced a partnership with Google to open up 500,000 Gemini Enterprise licences to learners on the AiPASS platform who accumulate 1,000 study points, under Phase 2 of the TH-AI Passport project, or AiPASS 2.0. Mr. Puchong Anantasilp, Permanent Secretary of the Ministry of Digital Economy and Society, reported on progress on 9 October 2026 together with Mr. Wetang Phuangsup, Secretary-General of the National Digital Economy and Society Commission, who said Gemini Enterprise is an AI Agent platform capable of running multi-step tasks in sequence, including summarising documents, managing email, processing data, and connecting to users' email, calendars, and work files. As of 8 October 2026, TH-AI Passport had more than 1.57 million registrations, with the first 1 million coming within two days, and roughly one in seven being freelancers and business owners. Actual users number about 745,000, with more than 17.3 million commands sent to AI for assistance, across 14 leading AI providers and more than 30 models, while learners completed 3.13 million lessons in total, a completion rate of 73%, and 250,353 certificates have been issued. Of the courses completed, 22% came from learners aged 55 and over. Those interested must have a minimum of 1,000 points and apply by 2 November 2026, with access starting on 9 November 2026 for a maximum of 10 months at no cost. The third level, AiPASS x Developer Route, will begin in January 2027, opening an API for developers and holding regional bootcamps.

Goldman Sachs head of asset allocation research Christian Mueller-Glissmann says investors are shifting their focus from ever-more-advanced AI models to the application layer where the technology can actually be monetized. Speaking on Bloomberg Television, he said markets have been nervous about AI since the summer, with skepticism over whether ongoing capital expenditure will translate into monetizable products, and that anything linked to AI CAPEX spend no longer seems to lift the market, citing TSMC's strong results that failed to support its stock. He expects the Q3 earnings season to give good insight into AI monetization, with companies focused on applications and potential first signs of adoption. Mueller-Glissmann added that many potential AI revenue opportunities do not require the best AI, since existing models, including open source ones, are already good enough for some forms of monetization.

UiPath was named a Leader in The Forrester Wave for Adaptive Process Orchestration in a recent 2026 report. The automation provider also expanded its collaboration with BDO USA to build AI-driven internal audit solutions for corporate clients, and deepened its integration with Snowflake to target advanced governance and automation capabilities for large enterprise customers. Both partnerships push UiPath deeper into high-value, data-heavy workflows such as internal audit, compliance, and governed analytics, which can increase stickiness and make it harder for large enterprises to switch away. The Forrester recognition and these alliances align with the narrative that UiPath wants to act as an AI control plane, with agentic orchestration and partnerships driving deeper customer use, though they do not yet answer questions about AI pricing pushback or how quickly new agents translate into annualized recurring revenue. The clearest test will be upcoming disclosures on annualized recurring revenue mix and large deal activity, especially references to Snowflake, BDO, and Test Cloud on Oracle Marketplace in customer win examples.

Ant Digital Technologies and HSBC have successfully completed a technical verification test showing how AI agents could act on behalf of a user to manage service interactions and the associated payment as one connected, automated process. The test combined HSBC's Tokenised Deposit Service, Ant Digital Technologies' Anvita Flow network and its Jovay Testnet blockchain environment, with HSBC providing TDS and related settlement capabilities including real-time risk checks through its MCP interface. In the demonstration, an AI agent discovered and used a digital service, made a micropayment, often defined as less than $2.00, and completed the transaction with real-time settlement, with Jovay Testnet serving as the underlying Layer 2 test environment for the blockchain transactions. The companies said the test was carried out solely as an exploration of the technology and does not represent a commercial launch or live customer proposition. Zhuoqun Bian, President of Blockchain Business at Ant Digital Technologies, said the verification demonstrates the potential use of on-chain AI agents, while Lewis Sun, Global Head of Digital Currencies at HSBC, said the bank is exploring how continued innovation, new use cases and collaboration could enhance the customer experience and reduce friction for clients.

Auditoria.AI, a partner of Workday, announced broader autonomous Cash Cycle solutions for Workday finance users, adding intelligent automation tools and finance-led governance features designed to tighten controls and oversight inside Workday-based finance workflows. The company also reported new client wins and entry into additional international markets for its Workday-focused automation platform. The expansion plugs Auditoria.AI deeper into Workday Financial Management, turning accounts payable and receivable into more automated, agent-driven workflows that keep governance in finance's hands and keep more complex cash cycle activity inside Workday rather than in side systems. Workday's narrative already leans on strong AI adoption, with roughly US$600m in AI ARR and over 25% of new and expansion ACV coming from AI-driven products, plus non-GAAP operating margins above 31%. The key question remaining is how quickly customers move to Flex Credits for AI agents and Workday Data Cloud, which is central to how these workloads turn into reported subscription revenue and cash flow.

Microsoft expanded its collaboration with Nvidia and unveiled a new generation of AI-powered Windows PCs, including the Surface Laptop Ultra powered by Nvidia's RTX Spark chip, which starts at $2,599 and becomes available on October 16 alongside Nvidia-powered AI PCs from Dell, HP, Lenovo and other manufacturers. Microsoft also announced the Nvidia-powered Surface RTX Spark Dev Box for developers and AI engineers, expected to ship in November at a starting price of $5,999. In its most recent fiscal fourth quarter, Microsoft reported revenue of $90 billion, up 18% year over year, while adjusted earnings climbed 23% to $4.74 per share, and the Zacks Consensus Estimate calls for current fiscal 2027 revenue to climb 17% to $390.2 billion with earnings up 9% to $19.65 per share. The FY27 EPS consensus is slightly up over the past 60 days from $19.63 to $19.65, while FY28 estimates have dipped from $23.30 to $23.24, and Microsoft stock trades at 27X forward earnings, above its Zacks Computer-Software industry average of 16X. Microsoft stock currently lands a Zacks Rank #3 (Hold), with shares up 9% year to date.