compared to fiscal 2014 , we continued to provide a greater proportion of systems integration consulting through use of lower-cost resources in our global delivery network . this trend has resulted in work volume growing faster than revenue in our systems integration business , and we expect this trend to continue . in our outsourcing business , net revenues for the fourth quarter of fiscal 2015 decreased 1 % in u.s. dollars and increased 9 % in local currency compared to the fourth quarter of fiscal 2014 . net outsourcing revenues for fiscal 2015 increased 4 % in u.s. dollars and 11 % in local currency compared to fiscal 2014 . we are experiencing growing demand to assist clients with cloud enablement and operation and maintenance of digital-related services . in addition , clients continue to be focused on transforming their operations to improve effectiveness and save costs . compared to fiscal 2014 , we continued to provide a greater proportion of application outsourcing through use of lower-cost resources in our global delivery network . as we are a global company , our revenues are denominated in multiple currencies and may be significantly affected by currency exchange rate fluctuations . if the u.s. dollar strengthens against other currencies , resulting in unfavorable currency translation , our revenues , revenue growth and results of operations in u.s. dollars may be lower . if the u.s. dollar weakens against other currencies , resulting in favorable currency translation , our revenues , revenue growth and results of operations in u.s. dollars may be higher . when compared to the same periods in fiscal 2014 , the u.s. dollar strengthened significantly against many currencies during the fourth quarter and fiscal year ended august 31 , 2015 , resulting in unfavorable currency translation and u.s. dollar revenue growth that was approximately 10 % and 7.5 % lower , respectively , than our revenue growth in local currency . 27 the primary categories of operating expenses include cost of services , sales and marketing and general and administrative costs . cost of services is primarily driven by the cost of client-service personnel , which consists mainly of compensation , subcontractor and other personnel costs , and non-payroll costs on outsourcing contracts . cost of services includes a variety of activities such as : contract delivery ; recruiting and training ; software development ; and integration of acquisitions . sales and marketing costs are driven primarily by : compensation costs for business development activities ; marketing- and advertising related activities ; and certain acquisition-related costs . general and administrative costs primarily include costs for non-client-facing personnel , information systems and office space . effective september 1 , 2014 , we updated the methodology we use to calculate utilization to include all billable employees ' time spent on chargeable work . utilization for the fourth quarter of fiscal 2015 was 90 % , flat with the third quarter of fiscal 2015 . this level of utilization reflects continued strong demand for resources in our global delivery network and in most countries . we continue to hire to meet current and projected future demand . we proactively plan and manage the size and composition of our workforce and take actions as needed to address changes in the anticipated demand for our services and solutions , given that compensation costs are the most significant portion of our operating expenses . based on current and projected future demand , we have increased our headcount , the majority of which serve our clients , to more than 358,000 as of august 31 , 2015 , compared to more than 336,000 as of may 31 , 2015 and more than 305,000 as of august 31 , 2014 . the year-over-year increase in our headcount reflects an overall increase in demand for our services and solutions , primarily those delivered through our global delivery network in lower-cost locations , as well as headcount added in connection with acquisitions . annualized attrition , excluding involuntary terminations , for the fourth quarter of fiscal 2015 was 14 % , down from 15 % in both the third quarter of fiscal 2015 and fourth quarter of fiscal 2014 . we evaluate voluntary attrition , adjust levels of new hiring and use involuntary terminations as means to keep our supply of skills and resources in balance with changes in client demand . in addition , we adjust compensation in certain skill sets and geographies in order to attract and retain appropriate numbers of qualified employees . we strive to adjust pricing and or the mix of resources to reduce the impact of compensation increases on our gross margin . our ability to grow our revenues and maintain or increase our margin could be adversely affected if we are unable to : keep our supply of skills and resources in balance with changes in the types or amounts of services and solutions clients are demanding ; recover increases in compensation ; deploy our employees globally on a timely basis ; manage attrition ; and or effectively assimilate and utilize new employees . gross margin ( net revenues less cost of services before reimbursable expenses as a percentage of net revenues ) for the fourth quarter of fiscal 2015 was 31.7 % , flat with the fourth quarter of fiscal 2014 . gross margin for fiscal 2015 was 31.6 % , compared with 32.3 % for fiscal 2014 . the reduction in gross margin for fiscal 2015 was principally due to higher labor costs , increased usage of subcontractors and higher non-payroll costs including recruiting and training costs from the addition of a larger number of employees compared to fiscal 2014 . sales and marketing and general and administrative costs as a percentage of net revenues were 17.9 % for the fourth quarter of fiscal 2015 , flat with the fourth quarter of fiscal 2014 . story_separator_special_tag ” as a matter of course , we are regularly audited by various taxing authorities , and sometimes these audits result in proposed assessments where the ultimate resolution may result in us owing additional taxes . we establish tax liabilities or reduce tax assets for uncertain tax positions when , despite our belief that our tax return positions are appropriate and supportable under local tax law , we believe we may not succeed in realizing the tax benefit of certain positions if challenged . in evaluating a tax position , we determine whether it is more likely than not that the position will be sustained upon examination , including resolution of any related appeals or litigation processes , based on the technical merits of the position . our estimate of the ultimate tax liability contains assumptions based on past experiences , judgments about potential actions by taxing jurisdictions as well as judgments about the likely outcome of issues that have been raised by taxing jurisdictions . the tax position is measured at the largest amount of benefit that is greater than 50 percent likely of being realized upon settlement . we evaluate these uncertain tax positions each quarter and adjust the related tax liabilities or assets in light of changing facts and circumstances , such as the progress of a tax 31 audit or the expiration of a statute of limitations . we believe the estimates and assumptions used to support our evaluation of uncertain tax positions are reasonable . however , final determinations of prior-year tax liabilities , either by settlement with tax authorities or expiration of statutes of limitations , could be materially different from estimates reflected in assets and liabilities and historical income tax provisions . the outcome of these final determinations could have a material effect on our income tax provision , net income , or cash flows in the period in which that determination is made . we believe our tax positions comply with applicable tax law and that we have adequately accounted for uncertain tax positions . revenues by segment/operating group our five reportable operating segments are our operating groups , which are communications , media & technology ; financial services ; health & public service ; products ; and resources . operating groups are managed on the basis of net revenues because our management believes net revenues are a better indicator of operating group performance than revenues . in addition to reporting net revenues by operating group , we also report net revenues by two types of work : consulting and outsourcing , which represent the services sold by our operating groups . consulting net revenues , which include management and technology consulting and systems integration , reflect a finite , distinct project or set of projects with a defined outcome and typically a defined set of specific deliverables . outsourcing net revenues typically reflect ongoing , repeatable services or capabilities provided to transition , run and or manage operations of client systems or business functions . from time to time , our operating groups work together to sell and implement certain contracts . the resulting revenues and costs from these contracts may be apportioned among the participating operating groups . generally , operating expenses for each operating group have similar characteristics and are subject to the same factors , pressures and challenges . however , the economic environment and its effects on the industries served by our operating groups affect revenues and operating expenses within our operating groups to differing degrees . the mix between consulting and outsourcing is not uniform among our operating groups . local currency fluctuations also tend to affect our operating groups differently , depending on the geographic concentrations and locations of their businesses . while we provide discussion about our results of operations below , we can not measure how much of our revenue growth in a particular period is attributable to changes in price or volume . management does not track standard measures of unit or rate volume . instead , our measures of volume and price are extremely complex , as each of our services contracts is unique , reflecting a customized mix of specific services that does not fit into standard comparability measurements . revenue for our services is a function of the nature of each service to be provided , the skills required and the outcome sought , as well as estimated cost , risk , contract terms and other factors . 32 results of operations for fiscal 2015 compared to fiscal 2014 net revenues ( by operating group , geographic region and type of work ) and reimbursements were as follows : replace_table_token_6_th _ n/m = not meaningful amounts in table may not total due to rounding . ( 1 ) effective september 1 , 2014 , we revised the reporting of our geographic regions as follows : north america ( the united states and canada ) ; europe ; and growth markets ( asia pacific , latin america , africa , the middle east , russia and turkey ) . prior period amounts have been reclassified to conform to the current period presentation . our business in the united states represented 43 % , 40 % and 39 % of our consolidated net revenues during fiscal 2015 , 2014 and 2013 , respectively . no other country individually comprised 10 % or more of our consolidated net revenues during these periods . net revenues the following net revenues commentary discusses local currency net revenue changes for fiscal 2015 compared to fiscal 2014 : operating groups communications , media & technology net revenues increased 16 % in local currency . outsourcing revenues reflected significant growth , driven by growth across all industry groups and geographic regions , led by communications in all geographic regions as well as media & entertainment in north america . consulting revenues reflected significant growth , driven by growth across all industry groups and geographic regions , led

liquidity and capital resources our primary sources of liquidity are cash flows from operations , available cash reserves and debt capacity available under various credit facilities . in addition , we could raise additional funds through public or private debt or equity financings . we may use our available or additional funds to , among other things : facilitate purchases , redemptions and exchanges of shares and pay dividends ; acquire complementary businesses or technologies ; take advantage of opportunities , including more rapid expansion ; or develop new services and solutions . as of august 31 , 2015 , cash and cash equivalents were $ 4.4 billion , compared with $ 4.9 billion as of august 31 , 2014 . cash flows from operating , investing and financing activities , as reflected in our consolidated cash flows statements , are summarized in the following table : replace_table_token_12_th _ amounts in table may not total due to rounding . operating activities : the year-over-year increase in operating cash flow was due to higher net income and changes in operating assets and liabilities , including lower spending on certain compensation payments and higher collections on net client balances ( receivables from clients , current and non-current unbilled services and deferred revenues ) .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```liquidity and capital resources our primary sources of liquidity are cash flows from operations , available cash reserves and debt capacity available under various credit facilities . in addition , we could raise additional funds through public or private debt or equity financings . we may use our available or additional funds to , among other things : facilitate purchases , redemptions and exchanges of shares and pay dividends ; acquire complementary businesses or technologies ; take advantage of opportunities , including more rapid expansion ; or develop new services and solutions . as of august 31 , 2015 , cash and cash equivalents were $ 4.4 billion , compared with $ 4.9 billion as of august 31 , 2014 . cash flows from operating , investing and financing activities , as reflected in our consolidated cash flows statements , are summarized in the following table : replace_table_token_12_th _ amounts in table may not total due to rounding . operating activities : the year-over-year increase in operating cash flow was due to higher net income and changes in operating assets and liabilities , including lower spending on certain compensation payments and higher collections on net client balances ( receivables from clients , current and non-current unbilled services and deferred revenues ) .
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 Suspicious Activity Report : compared to fiscal 2014 , we continued to provide a greater proportion of systems integration consulting through use of lower-cost resources in our global delivery network . this trend has resulted in work volume growing faster than revenue in our systems integration business , and we expect this trend to continue . in our outsourcing business , net revenues for the fourth quarter of fiscal 2015 decreased 1 % in u.s. dollars and increased 9 % in local currency compared to the fourth quarter of fiscal 2014 . net outsourcing revenues for fiscal 2015 increased 4 % in u.s. dollars and 11 % in local currency compared to fiscal 2014 . we are experiencing growing demand to assist clients with cloud enablement and operation and maintenance of digital-related services . in addition , clients continue to be focused on transforming their operations to improve effectiveness and save costs . compared to fiscal 2014 , we continued to provide a greater proportion of application outsourcing through use of lower-cost resources in our global delivery network . as we are a global company , our revenues are denominated in multiple currencies and may be significantly affected by currency exchange rate fluctuations . if the u.s. dollar strengthens against other currencies , resulting in unfavorable currency translation , our revenues , revenue growth and results of operations in u.s. dollars may be lower . if the u.s. dollar weakens against other currencies , resulting in favorable currency translation , our revenues , revenue growth and results of operations in u.s. dollars may be higher . when compared to the same periods in fiscal 2014 , the u.s. dollar strengthened significantly against many currencies during the fourth quarter and fiscal year ended august 31 , 2015 , resulting in unfavorable currency translation and u.s. dollar revenue growth that was approximately 10 % and 7.5 % lower , respectively , than our revenue growth in local currency . 27 the primary categories of operating expenses include cost of services , sales and marketing and general and administrative costs . cost of services is primarily driven by the cost of client-service personnel , which consists mainly of compensation , subcontractor and other personnel costs , and non-payroll costs on outsourcing contracts . cost of services includes a variety of activities such as : contract delivery ; recruiting and training ; software development ; and integration of acquisitions . sales and marketing costs are driven primarily by : compensation costs for business development activities ; marketing- and advertising related activities ; and certain acquisition-related costs . general and administrative costs primarily include costs for non-client-facing personnel , information systems and office space . effective september 1 , 2014 , we updated the methodology we use to calculate utilization to include all billable employees ' time spent on chargeable work . utilization for the fourth quarter of fiscal 2015 was 90 % , flat with the third quarter of fiscal 2015 . this level of utilization reflects continued strong demand for resources in our global delivery network and in most countries . we continue to hire to meet current and projected future demand . we proactively plan and manage the size and composition of our workforce and take actions as needed to address changes in the anticipated demand for our services and solutions , given that compensation costs are the most significant portion of our operating expenses . based on current and projected future demand , we have increased our headcount , the majority of which serve our clients , to more than 358,000 as of august 31 , 2015 , compared to more than 336,000 as of may 31 , 2015 and more than 305,000 as of august 31 , 2014 . the year-over-year increase in our headcount reflects an overall increase in demand for our services and solutions , primarily those delivered through our global delivery network in lower-cost locations , as well as headcount added in connection with acquisitions . annualized attrition , excluding involuntary terminations , for the fourth quarter of fiscal 2015 was 14 % , down from 15 % in both the third quarter of fiscal 2015 and fourth quarter of fiscal 2014 . we evaluate voluntary attrition , adjust levels of new hiring and use involuntary terminations as means to keep our supply of skills and resources in balance with changes in client demand . in addition , we adjust compensation in certain skill sets and geographies in order to attract and retain appropriate numbers of qualified employees . we strive to adjust pricing and or the mix of resources to reduce the impact of compensation increases on our gross margin . our ability to grow our revenues and maintain or increase our margin could be adversely affected if we are unable to : keep our supply of skills and resources in balance with changes in the types or amounts of services and solutions clients are demanding ; recover increases in compensation ; deploy our employees globally on a timely basis ; manage attrition ; and or effectively assimilate and utilize new employees . gross margin ( net revenues less cost of services before reimbursable expenses as a percentage of net revenues ) for the fourth quarter of fiscal 2015 was 31.7 % , flat with the fourth quarter of fiscal 2014 . gross margin for fiscal 2015 was 31.6 % , compared with 32.3 % for fiscal 2014 . the reduction in gross margin for fiscal 2015 was principally due to higher labor costs , increased usage of subcontractors and higher non-payroll costs including recruiting and training costs from the addition of a larger number of employees compared to fiscal 2014 . sales and marketing and general and administrative costs as a percentage of net revenues were 17.9 % for the fourth quarter of fiscal 2015 , flat with the fourth quarter of fiscal 2014 . story_separator_special_tag ” as a matter of course , we are regularly audited by various taxing authorities , and sometimes these audits result in proposed assessments where the ultimate resolution may result in us owing additional taxes . we establish tax liabilities or reduce tax assets for uncertain tax positions when , despite our belief that our tax return positions are appropriate and supportable under local tax law , we believe we may not succeed in realizing the tax benefit of certain positions if challenged . in evaluating a tax position , we determine whether it is more likely than not that the position will be sustained upon examination , including resolution of any related appeals or litigation processes , based on the technical merits of the position . our estimate of the ultimate tax liability contains assumptions based on past experiences , judgments about potential actions by taxing jurisdictions as well as judgments about the likely outcome of issues that have been raised by taxing jurisdictions . the tax position is measured at the largest amount of benefit that is greater than 50 percent likely of being realized upon settlement . we evaluate these uncertain tax positions each quarter and adjust the related tax liabilities or assets in light of changing facts and circumstances , such as the progress of a tax 31 audit or the expiration of a statute of limitations . we believe the estimates and assumptions used to support our evaluation of uncertain tax positions are reasonable . however , final determinations of prior-year tax liabilities , either by settlement with tax authorities or expiration of statutes of limitations , could be materially different from estimates reflected in assets and liabilities and historical income tax provisions . the outcome of these final determinations could have a material effect on our income tax provision , net income , or cash flows in the period in which that determination is made . we believe our tax positions comply with applicable tax law and that we have adequately accounted for uncertain tax positions . revenues by segment/operating group our five reportable operating segments are our operating groups , which are communications , media & technology ; financial services ; health & public service ; products ; and resources . operating groups are managed on the basis of net revenues because our management believes net revenues are a better indicator of operating group performance than revenues . in addition to reporting net revenues by operating group , we also report net revenues by two types of work : consulting and outsourcing , which represent the services sold by our operating groups . consulting net revenues , which include management and technology consulting and systems integration , reflect a finite , distinct project or set of projects with a defined outcome and typically a defined set of specific deliverables . outsourcing net revenues typically reflect ongoing , repeatable services or capabilities provided to transition , run and or manage operations of client systems or business functions . from time to time , our operating groups work together to sell and implement certain contracts . the resulting revenues and costs from these contracts may be apportioned among the participating operating groups . generally , operating expenses for each operating group have similar characteristics and are subject to the same factors , pressures and challenges . however , the economic environment and its effects on the industries served by our operating groups affect revenues and operating expenses within our operating groups to differing degrees . the mix between consulting and outsourcing is not uniform among our operating groups . local currency fluctuations also tend to affect our operating groups differently , depending on the geographic concentrations and locations of their businesses . while we provide discussion about our results of operations below , we can not measure how much of our revenue growth in a particular period is attributable to changes in price or volume . management does not track standard measures of unit or rate volume . instead , our measures of volume and price are extremely complex , as each of our services contracts is unique , reflecting a customized mix of specific services that does not fit into standard comparability measurements . revenue for our services is a function of the nature of each service to be provided , the skills required and the outcome sought , as well as estimated cost , risk , contract terms and other factors . 32 results of operations for fiscal 2015 compared to fiscal 2014 net revenues ( by operating group , geographic region and type of work ) and reimbursements were as follows : replace_table_token_6_th _ n/m = not meaningful amounts in table may not total due to rounding . ( 1 ) effective september 1 , 2014 , we revised the reporting of our geographic regions as follows : north america ( the united states and canada ) ; europe ; and growth markets ( asia pacific , latin america , africa , the middle east , russia and turkey ) . prior period amounts have been reclassified to conform to the current period presentation . our business in the united states represented 43 % , 40 % and 39 % of our consolidated net revenues during fiscal 2015 , 2014 and 2013 , respectively . no other country individually comprised 10 % or more of our consolidated net revenues during these periods . net revenues the following net revenues commentary discusses local currency net revenue changes for fiscal 2015 compared to fiscal 2014 : operating groups communications , media & technology net revenues increased 16 % in local currency . outsourcing revenues reflected significant growth , driven by growth across all industry groups and geographic regions , led by communications in all geographic regions as well as media & entertainment in north america . consulting revenues reflected significant growth , driven by growth across all industry groups and geographic regions , led

