We project outsized profitability expansion on 4.5% year over year revenue growth. The company had a large renewal that it had expected to come through in 3Q:25 that was pushed to early 4Q:25, which we believe helped drive 15% year over year growth in the Enterprise Computing Solutions (ECS) segment. ECS includes the legacy licensing business, which is very sticky and has higher margins. UIS has seen license renewals at larger scopes and longer durations in this business. Growth in the Digital Workplace Solutions (DWS) and Cloud, Applications and Infrastructure (CA&I) segments has been muted over the last couple of years. We expect this to continue in 2026, with a return to growth in 2027. However, we expect margins to continue to improve. We expect management to remain focused on expenses and cash flow. UIS should be well positioned to expand profitability as it returns to revenue growth. We expect the company to continue to use cash to fund pension obligations, and think it will undertake further annuity purchases. We expect UIS to continue to benefit from the digital transformation and secular tailwinds from artificial intelligence (AI) that is embedded in its solutions, making the company more competitive.