1、Fiscal 2023Driving reinvention,delivering 360 valueAnnual ReportWe achieved another strong year of financial performance in fiscal 2023,with record new bookings,continued adjusted operating margin expansion and adjusted EPS growth,and very strong cash flow,driving shareholder value creation.These re

2、sults continue to enable us to deliver 360 value for all our stakeholders.For 12 months ended August 31,2023Revenues$64.1BAn increase of 8%in local currency and 4%in U.S.dollarsNew bookings$72.2BA 5%increase in local currency and 1%in U.S.dollars,with a book-to-bill of 1.1Diluted earnings per share(

3、Adjusted)$11.67A 9%increase,after adjusting fiscal 2023 GAAP EPS of$10.77 to exclude the impact of business optimization costs of$1.28 per share and an investment gain of$0.38 per share.On a GAAP basis,full-year FY23 EPS increased 1%Operating margin(Adjusted)15.4%An expansion of 20 basis points,afte

4、r adjusting fiscal 2023 GAAP operating margin of 13.7%to exclude business optimization costs of 170 basis points.On a GAAP basis,full-year FY23 operating margin decreased 150 bpsFree cash flow$9.0BDefined as operating cash flow of$9.5 billion net of property and equipment additions of$528 millionCas

5、h returned to shareholders$7.2BDefined as cash dividends of$2.8 billion plus share repurchases of$4.3 billion1I am writing to share the 360 value we created in fiscal year 2023,our view on the reinvention landscape ahead and the power of AI in reinvention.While the pace of spending has changed,the f

6、undamentals have not.All strategies continue to lead to technology,and companies will need to reinvent every part of their enterprise using tech,data and AI to optimize operations and accelerate growth.Despite the cautious macroeconomic environment,we are well-positioned for the future.From our Chai