Puneet Jain

Is evolution of AI also contributing to those delays in any way as your clients take like build versus buy decisions?

as AI generates productivity in software development as well as in managed services expenses, are any of those dynamics driving any pricing pressure for you?

So the Super Validator status that stems from the digital asset repo platform, it seems like

can you talk about puts and takes like the acquisition contribution?

did I hear it correct that you said like the underlying margins will be up 50 basis points implying that the distribution and interest rates will have like a 50 basis points year-on-year headwind?

like is there any change in duration because of higher sale of digital solutions or higher mix of digital solutions in there?

what the new administration policies and priorities such as deregulation, potentially few disclosure requirements could mean for Broadridge?

if things remain weak in bookings for more than a quarter, like the waterfall impact on revenue?

how are you thinking about like M&A versus investments? And for the investments, how should we think about ROI

have you seen any change in your client behavior from potential deregulations, specifically in your GTO segment?

what confidence you have that stock record growth improves from here to mid-single-digits?

Are you also seeing any changes in backlog conversion into revenue or the flow of deals from pipeline into backlog?

Are there any differences in AI adoption and across different verticals like financial services

could there be like a change in delivery models perhaps to a model that encourages your sales team

Can you remind us like what does this guidance assume from first half to second half and the visibility you have on second half ramp