Financial Performance - Adjusted Revenue was $751 million, a decrease of 8.5% year-over-year (or 8.1% in constant currency) [5, 27] - Adjusted EBITDA was $37 million with a margin of 4.9%, a 2.8% year-over-year increase [5, 29] - Adjusted Free Cash Flow was negative $74 million [40] Sales Metrics - New business signings ACV reached $109 million [5, 13] - New Business TCV was $53 million [13] - Net ARR Activity Impact (TTM) was $116 million [5, 15] Portfolio Rationalization - $778 million of net proceeds were generated from three divestitures executed in 2024 [9] - 85% of the $1 billion capital target has been deployed [8, 9] - Up to $350 million of net proceeds are expected from additional portfolio rationalization opportunities [9] Segment Performance - Government segment revenue was $216 million, a decrease of 16.3% year-over-year [36] - Commercial segment revenue was $402 million, a decrease of 4.1% year-over-year [36] - Transportation segment revenue was $133 million, a decrease of 7.6% year-over-year [36] Outlook - FY 2025 Adjusted Revenue is projected to be between $3.1 billion and $3.25 billion [47] - FY 2025 Adjusted EBITDA Margin is expected to be between 4.5% and 5.5% [47] - FY 2025 Adjusted Free Cash Flow is projected to be between $0 million and $40 million [48]