“With our tax rate in the mid to high teens.”

In context

“As I mentioned earlier, we have been accelerating our productivity initiatives to plan for various scenarios. And to protect our profitability and free cash flow. As we look forward to the rest of the year, we will remain disciplined about managing our costs. The strength of our balance sheet and strong liquidity position allow us to make investments in our business for the longer term. As Arvind mentioned, while still early through the first three weeks of the second quarter, we have not seen any material change in client buying behaviors. We expect revenue growth of at least 4% at constant currency. And given the increased currency volatility, a revenue range of $16.4 billion to $16.75 billion. And second-quarter operating pretax margin expansion should be consistent with the full year. With our tax rate in the mid to high teens. Let me conclude by saying that we have a durable and differentiated business model that positions us well to navigate a range of economic environments. While there is uncertainty, we remain laser-focused on taking actions to control what we can. And executing our strategy to accelerate revenue growth, and free cash flow. We believe our focused portfolio, disciplined investments in innovation, diverse set of businesses and clients, relentless focus on productivity, and strong liquidity drive the durability of our performance. Arvind and I are now happy to take your questions. Olympia, let's get started. Olympia McNerney: Thank you, Jim. Before we begin the Q&A, I'd like to mention a couple of items. First, supplemental information is provided at the end of the presentation. And then second”