Bryan Bergin

to what extent does the broader GSI and tech consulting model need to pivot to an FTE model?

Can you comment on what you're doing differently here in net working capital or something tax related that's allowing for that

Can you just talk about the implications for song growth just looking ahead, just you consider recent advances in models like Sora

Can you talk about the assumed savings you expect to achieve from this optimization program

if you're seeing more clients seeking to then benefit to do that more themselves versus with third parties

Should we kind of be thinking about that 2-point headwind in 4Q as a run rate? Or any other color you can share?

are there implications on the financial model here? Just understanding this is being made for client delivery

Can you just give us a sense on 2Q bookings? How they landed relative to your plan?

can you comment on how you're managing that mix of subcontractors versus employees?

Can you comment on performance across strategic consulting, tech services and operations

Can you just comment on what you're seeing there as far as wage inflation dynamics, just given most services companies and GCCs have been leaning in

I am curious if that was broad-based or if there were select contributors of that performance across certain client sizes

Can you just give us a sense of how that is translating to potentially relative revenue and bookings growth of that international ES base relative to US ES

can we double-click on the confidence in reaccelerating off that 3%? I heard product maturity as part of it. Are there also some specific kind of go-to-market or pricing initiatives

can you comment on what you saw as you move through the third quarter kind of month-to-month through 3Q and through April

Any important considerations on implied 4Q 2025 exit rates across the business that maybe stickier versus those that maybe at more risk

Can you double click on how that's progressed across the client segment size

any indications on kind of comfort levels within that range as you move through the second half

can you help bridge the ACV growth performance in 2025 to your 2026 growth guide?

is there any way to frame how much the BBB may be incrementally weighing on growth in that segment versus what you thought 90 days ago?

How are you thinking about that dynamic from the standpoint of organic capabilities you have in Cognizant now versus inorganic targets

can you comment on potentially how some of these industries unfold relative to what you saw in 2024

Do you feel like you're reaching a rhythm now where you'll have more consistent quarterly bookings performance?

is this a handful of large engagements that are just moving slower or a broader portfolio dynamic, and what gives you the confidence on the second half implied sequential growth

Can you talk about how different that model is relative to your heritage delivery approach?

What does that translate to as a headwind to year-over-year growth for the first quarter? And also for the first quarter growth guide, are there any build date dynamics to consider?

can you give us an update on permitting and global delivery optimization, kind of the effort and the progress there and your expectations around billable engineering resource additions for '26?

as we think on your 4Q exit rate considerations. And I think beyond that, as we move forward to '26, how we should be thinking about growth potential

I noticed you slowed the net quarter-over-quarter billable increase in 2Q versus 1Q

what do you really think it's going to take for them to lean back in more notably in discretionary areas

Can you give more color on that second half confidence? What are you seeing in underlying macro, and how did you think about what you have contracted

Any detail you can just give us around bookings to help convey the magnitude of the positive directionality that's forming here

as demand ultimately normalizes, do you anticipate a return to profit levels where you've been before or is it too early to make that call

I was hoping you could dig in more on how the client spending behavior progressed through each month in 4Q

can you give us a sense what the largest sources of that projected expansion

can you just comment on how prospective banking client conversations are trending

Can you comment on what you've seen in the loan syndication area and then the latest in some of the nontraditional vertical demand

Just a little bit slower growth in the quarter, but you mentioned, I think, it was slower lending syndication and a recovery, I guess, in July

just a quick one on tax. Is there anything from the One Big Beautiful Bill implications on taxes going forward

can you just comment on how sales are progressing in both your traditional and non-traditional verticals

Could you just comment on further progress in the net working capital optimization initiatives you have

Can you just give us a sense on the nonrecurring revenue headwinds where relevant across the subsegments

Can you just dig in on the key drivers in the TPA spread uptick? And any important considerations on pricing changes

are you just seeing any evidence of trade down or differing consumer cohort behavior? And then just any early views on potential holiday spend

Wanted to ask on rebates and incentives. Just how to think about the level of renewal activity here in 2025

the 8% to 9% that you mentioned earlier, is that adjusted to remove out the December form filings?

just wanted to dig in on your comment there, Bob, on the greater comfort at the low end of the range now. And you noted penetration and price realization have been driving growth so far, but I gues...

Do you have an offset in the Management Solutions business that will offset that and help you maybe land favorably within the total range?

What makes the PEO accelerate from here as you go through the year and maybe just comment on how, from a PEO health enrollment standpoint, how the October 1 enrollment period is going

Can you comment on how bookings and retention, just how did those perform versus your plan?

VAS and really the underlying strength that you noted here in the network assets and the marketing services offerings

Can you talk more about the trends in commercial spend in 1Q and further improvement expected

what you're seeing in terms of any early impact on retention, cross-sell, GPV

I wanted to just follow up on the org changes and hoping you could talk more about how those changes today may flow through the financial outlook this year and potentially beyond