Item 7.01. Regulation FD Disclosure.
Exhibit 99.1 of this Form 8-K contains the prepared remarks for
Reconciliations of non-GAAP financial measures discussed in the earnings
presentation to the most directly comparable financial measures calculated and
presented in accordance with GAAP are included as Exhibit 99.2 of this Form 8-K.
The slides used in
The information in this Item 7.01, including the corresponding Exhibits 99.1 and 99.2, is being furnished with the Commission and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act"), with the exception of the following information from the question and answer period of the earnings presentation, which has been edited to provide additional context and clarity, and shall be deemed "filed" under the Exchange Act:
The company stated that external estimates of approximately 3% revenue growth
for full-year 2020 are reasonable. This includes about a 1 point impact from
? businesses divested in 2019, and current expectations for currency translation.
This also includes an assumption of an improving trend in Global Technology
Services, predominantly in the second half of 2020.
The company expects an improvement in revenue growth at constant currency of
approximately 0.5 points from the fourth quarter of 2019 to the first quarter
? of 2020, and a sequential impact from currency translation between 0.4 and 0.9
points. As a result,
2020 is expected to be similar to fourth-quarter 2019.
For the first quarter of 2020, the company expects GAAP earnings per share from
continuing operations to be between 12% and 13% of the full-year expectation of
? at least
and 15% of the full-year expectation of at least
seasonality of
purchase accounting adjustment.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
The following exhibits are being furnished as part of this report:
Exhibit No. Description of Exhibit 99.1 Prepared Remarks of Earnings Presentation onJanuary 21, 2020 99.2 Non-GAAP Supplemental Materials
The following exhibit is being filed as part of this report:
Exhibit No. Description of Exhibit 104 Cover Page Interactive Data File - the cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document
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