everyone. pleased transformation with to journey. make our and Mike, Thank solid on am the I you, greetings, also progress continue very we
initiative. well both second execution expansion. our EBIT margin top We and end the sheet strengthen exceeded revenue delivering executing quarter-on-quarter our adjusted to We guidance quarter revenue our our and customers. our Financially, alternatives on strategic for sequential stability We of and are of the margins. featured balance
commit continue committed to credit to profile. it be grade We investment an to
we are excluded cost of book-to-bill covering In $X.XX to a financial I second share. results. winning X.X. will non-GAAP as the or pretax are $XXX We now start second restructuring programs from had the results million evidenced our costs ratio quarter, quarter diluted previously. turn and primarily marketplace items by These that optimization by relate also in basis, our the our of we details on per discussed costs the to
a separation QX, in costs, of Looking a quarter, and costs to related spend review. and pretax expect result of the be share with for $XXX had cents in million on intangibles to $X.XX quarter. quarter, and Services to we per related external In Local of $X.XX we business. the or on had $XXX under that and US quarter, per integration separation between acquired we Health amortization assets tax as million share. these increase driven primarily the expect $X.XX costs per restructuring Also adjustment sale cents $XXX Human $XXX strategic the and the pretax with forward contributed we basis, transaction, transaction Also was by diluted diluted associated associated million the share. or QX, million a diluted basis, State our primarily a charges second of In the the
income special EPS and quarter cents. the the of impact for million $XXX from before the non-GAAP was items non-GAAP $X.XX operations taxes Excluding diluted continuing was
of rate tax EPS quarter Our this XX%. a by diluted lower expected impacted non-GAAP was than
tax results a in detail. for diluted been Assuming August EPS will more now go our non-GAAP of in our the with XX%, second rate I would line through quarter have guidance $X.XX. quarter our
all always, currency the Revenue incremental in basis, I US was discuss quarter major will currency. be dollar million constant sequentially, benefited year-over-year. tailwind of revenue comparisons in currencies. GAAP Currency sequentially of revenue billion. about revenue weakening from $XX and against X.X%. the $X.X will $XXX in On was the constant by As an declined the quarter million a
Our revenue last in customers, business, provided quarter the was and focus the our Adjusted execution. our continued reflecting guidance earnings was you better than $XXX quarter for on we and million. EBIT resiliency the our operational during people of the call,
our from benefits cost that cost target EBIT savings in a run to adjusted rate reflecting on Our achieve in X.X% million the optimization target track our of to program. are pleased of continued say of I savings cost was $XXX we execution million. am $XXX margin
in XX% spoke Non-GAAP I than of $X.XX quarter our the than quarter, rate higher bookings in the were about X.X. In a in of for the tax of diluted we EPS EPS from diluted non-GAAP expected the of billion previously. second guidance August. top benefited came $X.XX you end Our gave book-to-bill lower that
driven GBS business. GBS also now for basis margin reflecting BPS by second layers stack. quarter, engineering horizontal Turning includes for Health $X.XX sequentially, The now. profit first segment, X% a business. we enterprise, revenue a second down The segment of applications the GBS GBS million will bookings and action $X.XX XX.X% was Human over and billion a are and $XXX up the quarter, quarter. price I two the that and retaining State businesses. customer XXX our the settlements quarter. representing includes technology to and was our X.X%, the was segment in Services which X.X. includes and the the Luxoft our book-to-bill strength GBS US and for GBS points Software that were segment top in start billion with Healthcare the was profit revenue Analytics improvement asset GBS segment Local terminations was also quarter results, Provider the we of the with along which Year-over-year, the prior In downs, our
a the and points to segment million $X.XX enterprise our retaining. now of quarter. actioned the Turning margin ITO and mobility and consists GIS down was profit our over driven improvement GIS book-to-bill workplace billion was our we also stack. XX The year-over-year. in XX.X% terminations $X.XX X.X%, along segment second includes we for technology and of the in quarter, prior price was our revenue segment primarily settlements, previous It are cloud the bookings X.X. in billion sequentially, GIS X% customer for security $XX downs, GIS layers, with a segment, by quarter. which quarter and the basis business, a was second and declines GIS quarter profit
of on technology Now on security, and focusing let me cloud comment ITO, the applications the I to enterprise start stack. and and you engineering. layers like our performance analytics four by
the time of book-to- direction the across will with right the and journey executing layers four along in the moving the circles spent majority with the have quarter-on-quarter, our numbers transformation bill. you are healthy a We all notice our totals
movement revenue we quarter-on-quarter that about This demonstrates stability trend earlier. talked the
previously. price each revenue down was X.X% settlements Now the specifically; X.X customer let XXX% growth down me was quarter downs of and year-over-year. year-over-year we in reflecting and discussed layers on Book-to-bill the driven comment by bookings in the the terminations, XX% sequentially ITO
X.X% bookings We in up trends was our strength sequentially the layer and QX ITO are are growth in by Cloud of revenue the encouraged progress quarter. X.X we was security decline, the QX down book-to-bill X.X% pipeline. qualified by sequential evidenced making over and as revenue in the year-over-year, and
the incremental stack stack X.X% downs primarily driven discussed price is last the layer that for were and by layer was terminations applications up the point quarter the down in analytics year-over-year, quarter. Moving X%; X.X% the was sequentially this year-over-year. down X.X. the X.X to stack, layer performance decline sequential up the was of the Luxoft sequentially was The book-to-bill X.X% the quarter, book-to-bill revenue and driven business; of In revenue by was and engineering of in
new Despite was X.X% they initiative. with and and rest now outcome put of related now portfolio. businesses our awards will customers demand, sequential the mobility not of that uncertainty as workplace retain strategic Book-to-bill alternatives on strong associated the BPS the The was comment certain to me ratio by project quarter. these were X.X and the I business. are start retaining. primarily Let going clarity on the hold horizontal with driven we work decline of or for offerings we waited on business whether in their
we are the pipeline the marketplace. Our and remains strong, in excited opportunities about
Services review. the business business strategic year-over-year; under and X.X up businesses the X.X% and Human sequentially was Healthcare XX% Provider this was quarter. year-over-year; for State business the DXC's US by to Health now the Local In X.X% ownership, sequentially, was ratio book-to-bill in and The book-to-bill and X.X. grew Software quarter X.X% last Turning under up
Turning to highlights; the million. cash free came other adjusted flow at in quarter our financial for $XXX
large Our sale one In in and flow two to we of by lower adjusted both US capital QX. Human conjunction businesses. adjusted time free QX, expect management Local be Health with benefited impacted flow CapEx from cash free outflows the cash Services and working versus our
one a second with repurchase conveyed is time business. The the license $XXX software divested purchase is million the receivables, first of securitize and of of a a that
Cash the second of the were the in on our quarter for quarter billion payments the capitalization XX.X%. of ratio debt capital total million X.X% the $XXX of was to billion. the end capitalized of revenue. debt capital $X.X a including leases or was end expenditures, net including At at leases Our $X.X total quarter,
$X the and commercial billion During This loans pay consisting repayment term the included and draw, another of $XXX of paper. down we second $X.X billion debt. of million of revolver quarter,
our now and close State Health Services our following sale Veritas the update business US to of and of me Local capital give the Let you on Capital. an structure Human
and were proceeds of these closed October we transaction gross debt. billion $X X, used the As billion; of proceeds pay to receive on down $X.X
advisory this and In fees the to used separation third $X.X related mentioned of software part to have we billion remaining the million and for about as repurchase to receivable and also I securitization addition purchase taxes activities. earmarked a close, that $XXX earlier. The facility been party license proceeds
credit revolving has full. Our facility paid in been now back
We $X to have line access entire credit at the be discretion. drawn billion of our to
of billion separation respectively. for $XXX to for taxes like balances cash cash of receivables sequentially and $X.X and $X.X of QX and billion excluding and like and In debt expect estimated of debt million expenses, the revenues and repurchase we on adjusted earmarked repayment closing, transaction are billion Following securitized basis. $X.X our stabilize a
for discussed Human US like As means previously, State and Health Local business. excluding Services like the and
targeting billion. should $X.XX third to as basis. on margins with $X.X roughly quarter reported we Adjusted basis second quarter broadly for basis, of the points. to QX expect are the expand line quarter EBIT We like third billion a an On revenues in margins in XXX like be
adjusted are reflecting third cost X.X% quarter-on-quarter margins, and X% stabilization of contributions the We additional revenues to optimization in from quarter, targeting our initiatives. EBIT
EPS diluted We XX%. expect to about upon the an effective $X.XX be of rate our based to third in non GAAP quarter tax $X.XX
guide managing a to quarterly of basis on continue are we a number We variables. as
applying are businesses now our and we transformation are two journey we We retaining. executing that on now that are journey to
impact potential will best the numbers call now wave guiding few or for Provider on COVID. currently. the turn and of from Also, have we are still we a the visibility that I business. you Mike to Software With a the Healthcare closing about the are Hence, sale months are of his unclear to closing We we away next remarks.
