David Togut: Understood. And then just as a quick follow-up, your guide to return to revenue growth or to achieve revenue growth in 4Q of FY ’25 seems a little early relative to the initial kind of spin presentation you gave. Is that a correct conclusion? And if so, what gives you the incremental confidence that you can get to revenue growth in 4Q FY ’25?
David Wyshner: Yes. So thanks, David. So we’ve – for 2.5 years since we’ve laid out the investment thesis 2.5 years ago, we said calendar ’25 is the year in which we would get back to revenue growth. And really, what we’re saying now is that – and obviously, calendar ’25 starts in our fourth fiscal quarter. So really, what we’re saying is that because of the progress we’ve made in the 2 growth sectors, which we’ve always been counting on to drive us back to growth, Kyndryl Consult and the alliances as an example, and the fact that we’ve done the hard work, the deepest part of the work last year around focus accounts and cleaning out the backlog. And we’ve eliminated or neutralized, if you will, the other areas that we’ve been trying to take out of our business like low margin, no margin OEM that we are confident now in that calendar ’25, which we’re still confident in calendar ’25, actually can translate to fourth quarter of this year, which is the beginning.
So for those who interpreted calendar ’25 as maybe second half versus first half, so we’re probably a bit more accelerated than what they would have thought. But look, we’ve got all the momentum. We’ve gotten a lot of – we’ve chopped a lot of wood last year around what the inhibitors to growth were, and we got great momentum in the growth drivers. So we feel good about it.
David Togut: Understood. Thank you very much.
Lori Chaitman: Thanks, David. Operator, I believe that was our last question in the queue.
Operator: Yes. So that will conclude our question-and-answer session for today. And I will now turn the conference back over to Mr. Martin Schroeter for closing remarks.
Martin Schroeter: Thank you, operator. Thanks, and thanks for everybody for joining us. Look, you – I hope you can hear how proud we are and how energized we are by the progress we’ve made in the last fiscal year and how our very unique run and transform approach is resonating with and adding a lot of value to our customers because it allows them to continuously innovate while maintaining their operational excellence, which in the spaces where we operate mission-critical is absolutely vital. So we’re in a fantastic position as we start this fiscal year. We’ve got many, many opportunities to win, and we’re going to capitalize on those opportunities in order to drive profitable growth. As we look ahead to our third year as an independent company, I remain as excited as ever about the growth potential in front of us.
And our foundational progress to date allows us to continue serving our customers’ mission-critical needs with more capabilities and more innovation than ever before. So thanks again for joining us.
Operator: Ladies and gentlemen, this concludes today’s call. We thank you for your participation. You may now disconnect.+
