ITO revenue was up 2.4% sequentially but down 16.1% year-over-year. We'll take our next question from James Faucette with Morgan Stanley.Stock Advisor launched in February of 2002. How did you fix these things so quickly so that we can understand what the ongoing impact is?Thank you. Thank you very much. And can you also comment on how those metrics are making you think the worst should be over on the revenue run-off as of the first half of fiscal '21?Paul, would you have anything else to add on Ashwin's comments about numbers or what have you?You know what, it's hard to give you, again, guidance at this point in time.

Since I started in September, we have been focused on improving customer delivery and building stronger customer relationships, and we have done both this quarter.

As you all know, we announced the sale of our US state and local health and human services business to Veritas Capital for $5 billion in cash. These reconciliations can be found in the tables included in today's earnings release.Okay. Book-to-bill for this layer of the stack was 0.8 times in the quarter as customers pulled back on project work and new application deployment due to COVID-19 as well as the slippage of one of the large deal I just referenced.

You kind of said it wasn't the secular impact of cloud.

It's the customer delivery and the relationship, all right?

Our adjusted EBIT margin was 10.5%, and our non-GAAP EPS was $5.58. We're going to keep the capital balanced, right, in terms of our capital allocation. For the full year, capex was $1.38 billion or 7% of revenue.As of April 30, we had over $5.5 billion of cash on our balance sheet. And it's not work to be had that was just put on hold. We plan to be in the market in the coming weeks and are still confident that we will be able to realize $5 billion of net proceeds from this effort as previously stated.Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.Okay, Rod, I'll take that. Book-to-bill was 1.1x.Free cash flow in the fourth quarter will reflect two large cash outflows, one to cover our annual 401(k) match; and the second, for a contract settlement payment that we expect to recover in fiscal '21 from insurance coverage. Thanks for letting me [Speech Overlap].Thank you, Mike, and greetings, everyone.Thank you, Shailesh, and I appreciate everyone joining us today.We have pulled together a slide with a sampling of quotes that captures some of the stories concerning how we've delivered for our customers.

As a problem, this is behind you. So I won't be and Paul won't be commenting any further on that other than the outlook that we gave on 2020.So the reason I highlighted what I call DXC alumni rejoining is that's a new movement, all right, meaning people want to come back and join the place. How much of that was because of delayed bookings from prior quarters? So Todd, with that -- hey, thanks, Rod.Turning now to our segment results. One thing that I can tell you that a lot of people worry about the fact that maybe customers will defer payment in this environment of COVID, for example. This is the first time in four quarters that our application business, excluding our enterprise cloud applications, grew sequentially. Book-to-bill for this layer of the stack was 1.1 times. On the other hand, it's hard to see the benefits from that progress in looking at the near-term financials and the outlook for the June quarter, which, of course, we understand is affected by COVID and the contract run-offs that seemingly were started into motion in earlier periods.

So that would be my comment there.Turning now to the three businesses under strategic review. This call is being webcast at dxc.com/investorrelations, and the webcast includes slides that will accompany the discussion today.

Is there ongoing impact on cash flow or terms, easier comps that you had to give? Data analytics, engineering services business, revenue there was up 3.5% sequentially and up year-over-year by two-folds. So the three metrics, Rod, that I would lay out is, first of all, the customer delivery and the relationships because that is going to stem the revenue runoff.

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dxc earnings call transcript