Benefits of consolidating call centers

India de-monetization continued to impact consumption in that market.In Saudi Arabia, one of our 15 largest markets, a prototypical household has endured a 20% income reduction, while utility prices have doubled and will more than double again by July as government subsidies are reduced. Retail inventory reductions had nearly a full point impact on third quarter organic sales growth.Economic crises in Egypt and Nigeria are dramatically impacting category size and markets in Russia, Argentina and Brazil are also contracting. In addition to these market dynamics, P&G organic sales growth continues to be impacted by our work to strengthen and streamline product forms and SKUs in our ongoing 10 product categories.This activity created about a half a point drag on organic sales in the quarter.With these challenges as background, we again grew organic sales 1% in the quarter, which was about what we expected when we give our update on the markets at CAGNY and communicated that it would be our weakest quarter of the fiscal year.

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Download our report to learn about the biggest challenges and how savvy IT executives are overcoming them. If you will refer to P&G's most recent 10-K, 10-Q and 8-K reports, you will see a discussion of factors that could cause the company's actual results to differ materially from these projections. P&G would like to remind you that today's discussion will include a number of forward looking statements.Moving to the bottom line, core earnings per share were

Download our report to learn about the biggest challenges and how savvy IT executives are overcoming them. If you will refer to P&G's most recent 10-K, 10-Q and 8-K reports, you will see a discussion of factors that could cause the company's actual results to differ materially from these projections. P&G would like to remind you that today's discussion will include a number of forward looking statements.Moving to the bottom line, core earnings per share were [[

Download our report to learn about the biggest challenges and how savvy IT executives are overcoming them.

If you will refer to P&G's most recent 10-K, 10-Q and 8-K reports, you will see a discussion of factors that could cause the company's actual results to differ materially from these projections.

P&G would like to remind you that today's discussion will include a number of forward looking statements.

Moving to the bottom line, core earnings per share were $0.96, up 12% versus the prior year.

Foreign exchange created a three point headwind on third quarter earnings growth, so on a constant currency basis, core earnings per share were up 15%.

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Download our report to learn about the biggest challenges and how savvy IT executives are overcoming them. If you will refer to P&G's most recent 10-K, 10-Q and 8-K reports, you will see a discussion of factors that could cause the company's actual results to differ materially from these projections. P&G would like to remind you that today's discussion will include a number of forward looking statements.Moving to the bottom line, core earnings per share were $0.96, up 12% versus the prior year.Foreign exchange created a three point headwind on third quarter earnings growth, so on a constant currency basis, core earnings per share were up 15%.

]].96, up 12% versus the prior year.Foreign exchange created a three point headwind on third quarter earnings growth, so on a constant currency basis, core earnings per share were up 15%.

.96, up 12% versus the prior year.Foreign exchange created a three point headwind on third quarter earnings growth, so on a constant currency basis, core earnings per share were up 15%.

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