Core Insights - The company has successfully executed a pension removal strategy and streamlined corporate costs, resulting in a reduction of SG&A as a percentage of revenue by nearly 300 basis points over three years [1] - License and Support (L&S) revenue has seen substantial growth for the third consecutive year, exceeding expectations by nearly $40,000,000 due to increased client consumption and longer contract terms [1] - Improved market perception is attributed to heightened recognition from industry analysts, including a first-time 'Leader' ranking in Gartner's Magic Quadrant for Outsourced Digital Workplace Services [1] Financial Performance - Strategic renewals amounted to $1,700,000,000 in Total Contract Value (TCV), with many contracts including new scope expansions as clients prioritize delivery quality over competitive pricing [1] - The company has shifted its operational focus towards high-value infrastructure field services, such as liquid cooling for AI builds and enterprise storage, which provide higher margins compared to traditional PC maintenance [1] - The global pension deficit has been successfully reduced by $300,000,000 to $450,000,000 through discretionary contributions and annuity purchases, with a goal of full U.S. plan removal by 2029 [1]