Overcoming Adversity & Reinvention - The speaker, Rafa Jaime, shares his personal journey of losing his sight at 18 due to cancer and how he reinvented himself through sports and storytelling [2] - The narrative emphasizes the importance of adaptability and resilience in the face of life's challenges, highlighting the need to rewrite one's story when circumstances change [2][11] - The speaker underscores that limitations are often perceived, and individuals should strive to be accessible to life, adapting to different situations [2] Sports as a Tool for Empowerment - Sports, particularly mountain climbing, became a fundamental tool for mental and emotional strength, enabling the speaker to challenge perceived limitations [2][5][6] - The speaker summited the Pico de Orizaba, Mexico's highest mountain at over 5630 meters, demonstrating the power of adaptation and strength [4] - The speaker highlights the significance of mountains as a metaphor for life's challenges, where each experience unlocks physical, mental, and emotional fortitude [6][7] Achievement & Inspiration - The speaker achieved the feat of being the third blind person in the world to climb Mount Everest, reaching a height of 8848 meters [9] - The speaker encourages the audience to leave a mark on the world that can be felt and heard, even without being seen, emphasizing the power of a compelling story [12] - The speaker inspires the audience to rewrite their life's script with the tools available to them, creating a powerful narrative that resonates with others [11]

[संगीत] [संगीत] [प्रशंसा] आई डोंट नो आई एम आई डोंट नो आई वास कॉल्ड टू स्पीक इन नॉट टू सिंग अह बट हियर आई एम माय नेम इज़ निकिता गांधी आई एम नॉट सो फेमसली नोन एज़ डॉक्टर निकिता गांधी एंड आई वांट टेल यू लिटिल बिट अबाउट दैट एंड आई एम हियर टू गिव अ टेड टॉक अपेरेंटली जी। आय ऍम नॉट गोइंग टू एक्सप्लेन द आउटफिट। यू गाइस जस्ट हैव टू चेक आउट माय शोज़ एट सम पॉइंट। आय ऍम ब्रिंग अ शो। आई डोंट थिंक आय कैन टॉक अबाउट माय शोज़ हियर। सो गन्ना डुट्यात। व्हेनएवर आय डु परफॉर्म इन बॉम्बे अह यू नो प्लीज़ डु कम हिम दिस विल मेक सेंस। ऑलर ...

Financial Performance - Revenue remained relatively stable at $1.58 billion, reflecting a (0.1)% change at actual currency (AC) and a (1.1)% change at constant currency (CC) [6] - Adjusted operating margin increased from 3.7% to 5.4% [7] - Free cash flow was $(30) million, compared to $115 million in the previous year [8] - Adjusted earnings per share (EPS) improved to $0.29 from $(0.64) [10] Strategic Initiatives and Acquisitions - The company acquired Lexmark in July 2025, expecting to drive operating efficiencies and increase competitiveness in the A4 print segment [13] - The acquisition of ITsavvy doubled IT Solutions (ITS) revenue and enhanced the ITS offering [13] - The company expects to realize more than $250 million of total synergies within two years of the Lexmark transaction close [23] Segment Results - Print & Other segment revenue decreased by (8.6)% AC and (9.7)% CC to $1.366 billion [37] - IT Solutions segment revenue increased significantly by 153.6% AC and 152.4% CC to $213 million, driven by the acquisition of ITsavvy [40] Guidance and Outlook - The company expects Lexmark to contribute around $1 billion of revenue and $100 to $110 million of adjusted operating income in 2025 [34] - Free cash flow guidance for 2025 was revised to approximately $250 million, reflecting tariff expenses and accelerated Lexmark synergy implementation costs [34]

Career & Personal Development - College is more than academics; it's about self-awareness and enhancing the relationship with oneself [5] - It's crucial to stop, rethink, reassess, and recalibrate based on strategic thinking, taking advantage of broad opportunities [7] - Taking a break for reflection can reveal true skills and strengths, potentially leading to a career pivot [9][10] - Discarding a prestigious but unfulfilling identity can be challenging but necessary for personal fulfillment [11][12] - Reminding oneself of one's "why" and prioritizing long-term fulfillment over short-term validation is essential [14][15] - Overcoming the sunk cost fallacy is important to avoid continuing on a path that isn't the right fit [17][18] - Cultivating a childlike curiosity and a beginner's mindset can help in embracing new challenges [20][21] - Taking calculated risks and having anchors for stability are important when dealing with uncertainty [22][23] Decision Making & Strategy - Redefine your goals until they align with something you can be the best in the world at [25] - Avoid premature decisions; give new endeavors sufficient time before judging their suitability [27][28] - Make decisions with a neutral frame of mind, avoiding biases from temporary emotions [29][30] - Be open to unexpected opportunities and avoid tunnel vision, maintaining mental fluidity [31][32]

Industry Focus - Entertainment industry discusses the unwritten rules of reinvention [1] Source - Natasha Bedingfield shares insights on reinvention in entertainment [1]

Company Strategy - The company faces its toughest job yet—remaking itself [1] - The company is a self-styled reinvention powerhouse [1]

Career & Entrepreneurship - Shivansh Jindal, CEO of Merchant Records, shares his journey of redefining success and reinventing himself [1] - From Bain consultant to launching a music label and building a tech app and fashion brand, Jindal highlights the struggles behind success [1] - The talk emphasizes the courage to reset, humility to return home, and ambition to create a life of freedom, purpose, and human connection [1] Music Industry & Business - Merchant Records is a boutique music label focusing on indie and classical-infused pop [1] - Jindal blends classical elements with modern songwriting to make Indian music accessible to wider audiences, having trained in Hindustani classical music for nearly 15 years [1]

Financial Data and Key Metrics Changes - Revenue for Q3 FY2025 was $17.7 billion, reflecting a 7% growth in local currency and exceeding the guided range [5][10][13] - Operating margin expanded by 40 basis points to 16.8% compared to adjusted results from the previous year [6][11][18] - Earnings per share (EPS) grew by 12% to $3.49 compared to adjusted EPS from Q3 FY2024 [6][11][18] - Free cash flow for the quarter was $3.5 billion, with a cash balance of $9.6 billion at the end of May [19] Business Line Data and Key Metrics Changes - Consulting revenues were $9 billion, up 7% in U.S. dollars and 6% in local currency [14] - Managed services revenues reached $8.7 billion, reflecting a 9% increase in both U.S. dollars and local currency, driven by double-digit growth in technology managed services [15] - New bookings totaled $19.7 billion, with consulting bookings at $9.1 billion and managed services bookings at $10.6 billion [12][13] Market Data and Key Metrics Changes - Revenue growth in The Americas was 9% in local currency, led by banking and capital markets, industrial, and health sectors [15] - EMEA region saw a 6% growth in local currency, driven by life sciences, banking, and insurance [16] - Asia Pacific revenue grew 4% in local currency, with growth in public service and banking, partially offset by declines in chemicals and natural resources [16] Company Strategy and Development Direction - The company aims to be the reinvention partner of choice for clients, focusing on large-scale reinventions and leading in GenAI [5][22] - A new integrated business unit called Reinvention Services will be established to enhance service delivery and embed data and AI into solutions [34] - Significant investments in training and acquisitions are being made to drive growth in strategic areas, including a focus on AI and data capabilities [7][8][37] Management's Comments on Operating Environment and Future Outlook - The management noted elevated uncertainty in the global economic and geopolitical environment, impacting client interactions and spending [21][22] - Clients are increasingly focused on reinvention and leveraging GenAI to navigate challenges and drive growth [22][23] - The company raised its full-year revenue outlook, expecting 6% to 7% growth in local currency for FY2025 [35][37] Other Important Information - The company invested over $297 million in four strategic acquisitions during the quarter [7] - The brand value increased by 27% to $103.8 billion, reflecting strong market recognition [8] - The company is committed to returning at least $8.3 billion to shareholders through dividends and share repurchases [38] Q&A Session Summary Question: Talent retention and leadership changes - Management noted a slight increase in attrition but emphasized that it remains within normal ranges and that they have a strong bench of leaders [40][41] Question: Impact of heightened uncertainty on revenue guidance - Management highlighted the resilience of their model and the ability to pivot to meet client needs, maintaining strong revenue generation despite market challenges [46][47] Question: GenAI demand and acquisition pace - Demand for GenAI remains strong, though growth has slightly slowed. The acquisition strategy is consistent, focusing on economic viability and strategic fit [51][53][56] Question: Federal contracting impact on bookings - Federal business had an immaterial impact on overall growth, with Q4 headwinds expected from both slower procurements and cancellations [90] Question: Blockchain technology interest - Management acknowledged renewed interest in blockchain, particularly in financial services, but emphasized that AI remains the primary growth driver [92][93]

Financial Data and Key Metrics Changes - Revenue for Q3 FY2025 was $17.7 billion, reflecting a 7% growth in local currency and exceeding the guided range [5][10][12] - Operating margin expanded by 40 basis points to 16.8% compared to adjusted results from the previous year [10][18] - Diluted earnings per share (EPS) grew by 12% to $3.49 compared to adjusted EPS of $3.13 in Q3 FY2024 [10][18] - Free cash flow for the quarter was $3.5 billion, with a cash balance of $9.6 billion at the end of the quarter [19] Business Line Data and Key Metrics Changes - Consulting revenues were $9 billion, up 7% in U.S. dollars and 6% in local currency [13] - Managed services revenues reached $8.7 billion, reflecting a 9% increase in both U.S. dollars and local currency, driven by double-digit growth in technology managed services [14] - New bookings totaled $19.7 billion for the quarter, with consulting bookings at $9.1 billion and managed services bookings at $10.6 billion [11][12] Market Data and Key Metrics Changes - Revenue growth in The Americas was 9% in local currency, led by banking and capital markets, industrial, and health sectors [14][15] - EMEA region saw a 6% growth in local currency, driven by life sciences, banking, and insurance [15] - Asia Pacific revenue grew by 4% in local currency, with growth in public service and banking, partially offset by declines in chemicals and natural resources [15] Company Strategy and Development Direction - The company aims to be the preferred partner for client reinvention, focusing on GenAI as a key driver for transformation [5][22] - A new integrated business unit called Reinvention Services will be established to enhance service delivery and embed data and AI into solutions [36][75] - The company is committed to investing in talent and capabilities, with significant training hours and strategic acquisitions to support growth [6][7] Management's Comments on Operating Environment and Future Outlook - Management noted heightened uncertainty in the global economic and geopolitical environment, impacting client interactions and spending [21][22] - The focus remains on helping clients navigate challenges and drive reinvention, with GenAI being a critical tool for achieving better results [22][23] - The outlook for Q4 FY2025 anticipates revenues between $17 billion and $17.6 billion, with a growth expectation of 1% to 5% in local currency [37][39] Other Important Information - The company has invested over $297 million in four strategic acquisitions and increased its workforce in data and AI to approximately 75,000 [6][7] - The brand value increased by 27% to $103.8 billion, reflecting strong market recognition [7] - The company plans to return at least $8.3 billion to shareholders through dividends and share repurchases [41] Q&A Session Summary Question: Talent retention and leadership changes - Management noted a slight increase in attrition but emphasized that it remains within normal ranges and that leadership changes are common as leaders pursue new opportunities [43][44] Question: Impact of heightened uncertainty on revenue generation - Management highlighted the resilience of their model, noting that clients are focusing on significant projects despite economic challenges [45][48] Question: GenAI demand and acquisition pace - Demand for GenAI remains strong, though growth has slightly slowed. The acquisition strategy is consistent, targeting about 2% inorganic contribution annually [53][55][62] Question: Changes in acquisition strategy and focus - The acquisition strategy remains aligned with business needs, focusing on building capabilities internally when necessary [61][62] Question: Federal contracting impact on bookings - Federal contracting had an immaterial impact on bookings, with Q4 headwinds arising from both slower procurements and cancellations [89][90]

WWDC 2025 Key Takeaways - Apple's WWDC 2025 was primarily a refinement event, focusing on improving existing products rather than introducing groundbreaking reinventions [1] - The event showcased enhancements to the operating system, including a liquid glass design motif with translucent and 3D elements [1] - Apple refined existing features like phone calls with "hold assist" and text messages with spam filtering and live translations [1] AI and Future Strategy - Apple's vision of a contextually aware AI assistant, previewed last year, was notably absent, highlighting a potential gap between Apple and other AI leaders [1][2] - The company's current valuation is around $3 trillion, having lost its lead to Nvidia and Microsoft, which are each about $500 billion more valuable [2] - The industry is shifting towards AI-driven experiences, and Apple needs to reinvent itself to avoid being left behind [4] Device and Screen Primacy - Apple believes in the continued importance of screens, focusing on refining the operating system for devices with screens [2][3] - Despite discussions about the potential fading of screens, Apple's updates suggest a focus on screen-based interactions for work, photos, videos, and FaceTime calls [2]