“Finally, we continue to expect to return at least $8.3 billion through dividends and share repurchases as we remain committed to returning a substantial portion of cash for shareholders.”

In context

“s fiscal year. For operating margin, we now expect fiscal year '25 to be 15.6%, a 10 basis point expansion over adjusted fiscal '24 results. We now expect our annual effective tax rate to be in the range of 23% to 24%. This compares to an adjusted effective tax rate of 23.6% in fiscal '24. We now expect our full year diluted earnings per share for fiscal '25 to be in the range of $12.77 to $12.89 or 7% to 8% growth over adjusted fiscal '24 results. For the full fiscal '25, we now expect operating cash flow to be in the range of $9.6 billion to $10.3 billion property and equipment additions to be approximately $600 million and free cash flow to be in the range of $9 billion to $9.7 billion. Our free cash flow guidance continues to reflect a free cash flow to net income ratio of 1.1 to 1.2. Finally, we continue to expect to return at least $8.3 billion through dividends and share repurchases as we remain committed to returning a substantial portion of cash for shareholders. With that, let's open it up so that we can take your questions. Alexia? Unknown Executive: Thanks Angie, I would ask to you ask 1 question and a followup to allow as many participants as possible to ask a question. Operator would you provide instructions for those on the call? Operator: [Operator Instructions] Today's first question comes from Finjan Hong with JPMorgan. Unknown Analyst: I want to ask about the leadership changes in account retention, if that's okay, voluntary and involuntary is what I'm thinking about, given some of the head count numbers this quarter, we get some questions on that and some departures from the leaders with today's reorg. I'm just curious, really observing any change in talent retention or shift in talent delivery overall? Julie T. Sweet: No. So maybe to”