Jim Kavanaugh

You bring all that together in the way I kind of summarize it to investors, our investment thesis, higher revenue growth, higher operating margin company, strong free cash flow yield.

high return on equity and a very attractive return to shareholder program with our dividend policy.

That's kind of how I would sum up the beginning of this discussion, Tom.

Okay.

Well, you'll have to help me because I'm actually, as a CFO, I'm not very good at multiple part questions, as you know from our earnings calls.

But I'll revert back to you and you can refresh my memory.

But let's take your first one, right?

And then we'll go from there.

What is in the history of the information technology industry?

What has technology always been?

It is a way to drive productivity and a source of competitive advantage.

I would argue for worlds, economies, industries, society at large.

This next evolution of agentic AI is going to be, and I believe the most powerful

form of competitive advantage and productivity that we will ever see or let me personalize i'll ever see in my professional lifetime overall but if you go back tom and you look at the client server technology shifts the advent of the services industry the middleware era the

to the internet, to the globalization era, to most recently, you know, 10 years ago plus, the cloud explosion.

Technology has always brought competitive advantage.

It's always brought more productivity.

Read that, GDP.

It's why it's the second most highest contributor to GDP behind healthcare.

And I think this is going to be the same thing.