Debt Reduction and Share Repurchase
Through divestitures, the company repaid $639 million of term loans and repurchased 52 million shares, significantly reducing debt and strengthening the balance sheet.
Transportation Segment Growth
The transportation segment's adjusted revenues grew 5% year over year, driven by a 15-point revenue growth from the Australia transit project.
Improved Client Retention
Client retention improved, contributing positively to the net ARR activity metric, which was $92 million for the year.
Expansion in Offshore Capacity
The company added around 2,500 additional seats of capacity in offshore geographies, expected to become available in the first half of 2025.