Backlog And Contract ValueUIS reported an increased backlog of $2.89B, showing growth compared to previous quarters, with total contract value up 17% year over year.
Growth InitiativesUIS continues to make solid progress on its growth initiatives, with new service offerings being competitive and in the leaders' quadrant in targeted markets.
Service Revenue CompositionNext-generation service revenue, including higher growth cloud-based and higher software content solutions, now comprises over 40% of the service revenue, indicating a positive mix shift that will drive growth over time.