and Peter, will and In you, refer today, GAAP discussion my I good both everyone. results. non-GAAP Thank morning, to
our metrics our on Relations As available these in a posted are website. supplemental Investor earnings reminder, of reconciliations materials
from to emphasize to adjust has that the or and have want solutions provide visibility received ex performance we been Peter's introduced an stakeholders of and feedback effort into increased I First, L&S business. License in discussion Next-Gen Support to our
expansion. future strategic Going areas given growth forward, to discuss margin and believe solutions will focus are continue will and they revenue we drive sales our Peter Next-Gen of that
mostly these such as will indicators for ACV We pipeline Next-Gen solutions. leading TCV, . provide and
solutions, to My investors of support related license enterprise area. allow services applications continue compute making tend to lumpy and revenue and the focus in workplace business renewals, the progress we impact are primarily L&S of this our evaluate to digital be to and infrastructure segments reportable ex the isolate providing also will commentary are and on cloud solutions. outside We which of
our solutions. are segments business how aligned with deliver our operate the we organize Our and teams
As Peter year-end challenging each year, discussed, were while with XXXX was our we in of the performance a segments. pleased
efficiency go-to-market our initiatives Our and to are show labor beginning in results.
TCV of strong exiting also the year are by We quarter the and and energized ACV. a
billion, $X.XX and line performance platforms XXXX, last on the lower by quarter we We modern exited saw XXXX. a contracts X.X% year strong currency company guidance in decline totaled the basis. and X.X% license For constant in full offset a and and workplace basis, increase a digital revenue reported provided in on applications we a with renewals
L&S revenue growth as X.X% quarter increased XXXX a revenue Excluding in quarter, strong strength a X.X%. solutions license sectors. financial driven X% acquired revenue, well and currency for particularly on fourth renewal constant our currency travel the constant the as basis, within development year-over-year was In by application TCS, and in
L&S, the currency constant in quarter Excluding revenue growth X.X%. was
nonstrategic was I X%. Solutions, our some in I Now in revenue or X.X%. by DWS, year Full will accounts Digital speak quarter revenue detail. the segment constant several segments, as about be for revenue DWS The the exiting note segment Workplace Please that fourth declined impacted declined XXXX. in currency. discussing
behind Excluding year. Modern year, X.X% Throughout are see these now revenue TCV X.X% for to fourth in the for which we the by the demonstrated strong the our improvements Workplace increased and Solutions us, discussed. effects, Peter demand continue quarter
strong Applications for Cloud quarter includes solutions, the Solutions. SS&C our X.X% License Development grew Acquired Support Solutions driven full during XX.X% Enterprise by and demand fourth and which Our and Infrastructure the for computing quarter. and increased XX.X% for the year, Application segment
full was of grew quarter driven fourth revenue ECS X.X%. support strong segment For the The by growth levels renewals. license higher year, and the
renew such is can early have or difficult client mentioned, was year. to license This decisions during million reasons factors to contract to more renewal full for negotiations. consumption or Peter length L&S and anticipated revenue $XXX fourth quarterly the $XXX to or precise payment renewal to for our good revise terms the schedule, as As revenue due predict. we visibility budgeting normally in quarter million to levels be
in expected to certainty. or not anticipation for chose million several Early renew $XX for reasons, appetite XXXX, the varying to been Forward contributed in XXXX of budget either as funding, or that uncommon, of XXXX 'XX or had in long-term risk ClearPath XXXX renewals the geopolitical approximately we timing expected such of renewals less 'XX. During year, revenue but clients had in execute government are
decline discussed the year-over-year we This we driver timing a is in of quarter. dynamic XX% expect last XXXX as
As to revenue, year, first and quarter. with XX% mentioned, a expect of between Peter be approximately have L&S into of $XXX of million, year in in view the majority the and of to with we XX% full we half it L&S and multiyear the revenue XX% our XX% expected XXXX, first second the
single-digit last we low low said quarter, and growth XXXX double-digit As XXXX. cadence we in in a growth expect of
As a approximate. these renew choose on should estimates reminder, clients renewals viewed and are as to partially when be dependent
fourth in strong Moving to growth or XX% TCV, book-to-bill contract quarter value, our growth TCV total driven by year-over-year. was of
full our for our XXXX of year negative strong, to TCV grew fourth For ACV strength growing X% our The the the was year, year. the X%. XX% guidance support similarly opportunities across and full quarter XX% XX%. during in of negative pipeline TCV full the quality and revenue
we the year to to quarter. expect due revenue compared first the high single-digit growth quarter, prior Looking strong year-over-year at L&S
solutions of ex the provided, to revenue Excluding the of of L&S of in growth XXXX the estimated performance is we X%. a our expected decline range X% L&S
initiatives. points Fourth Turning labor improvements license margin profitability. quarter sequential year-over-year saw in the XXX XX.X%. and result from margin to the levels expanded fourth cost our strong higher by quarter, renewal We of our largely improvement gross basis a to
in were renewal XXXX by charges Our in CA&I. quarterly and levels in the lower best X first result as L&S quarters nonrecurring impacted
was margin Our full year gross XX.X%.
to effectively the Peter improvements company managing incremental margin. costs drive across are on discussed, labor As we the
successfully targeted quality year. of many back the wage and geographies half easing specific in conversion an during the yielding markets sets challenged areas campaigns, And inflation skill rates. of or marketing saw also through address in We higher candidates
anticipate gross third-party these with behind substantially charges basis points, taken development CA&I primarily in our achieved gross of contracts public XX%, we gross sale work, addresses. a of and in surplus Now C&I points performed. margin XXXX. application quarter margin charges for gross due margin XXX IP XX.X%, margin to on delivery margin productivity. year-over-year were by productivity work X first so driven efforts the by sector from labor accounts drive small year Full Due being at of in to by looking and XX% the segment. from us. the for cost charges We driven XX to have was fourth by largely quarter number driven benefit DWS full on fourth quarters. DWS acquired solutions, less nonrecurring improved a type contracted the by development reliance basis application contractors year, to expanded we are improvements to continue efficiency savings this third-party These
for XX.X% In period. levels driven ECS, gross the renewal for quarter margin the was each license XX.X% by in and year,
margin versus total period quarter company, was margin and XXX adjusted For basis the XX.X%. XX.X%, the non-GAAP year an was fourth expansion operating point fourth EBITDA prior quarter
full the adjusted margin our the income full new an in year of $X.X share. brand, quarter certain the XX.X%. EBITDA representing was in and margin contract year, to The $X.XX increase GAAP was driven fourth charges. of reported per and earnings diluted non-GAAP We compression exit related X%, was contracts margin operating For net Unisys million by CA&I marketing
fourth non-GAAP totaled was quarter versus other expenses, $X.XX diluted million $X.XX and quarter, earnings $XX.X taxes, per representing of which $XX.X 'XX. net fourth reduction in net cost Excluding of in income share the million
year, revenue, basis per a totaled delivery and non-GAAP loss reported Next-Gen year-over-year expect of growth margins while we driven in or XXXX, margin million X% operating combined In GAAP reflecting DWS $X.XX income full to net compression $X.XX gross diluted by a in CA&I share. loss X% approximately offset of and a margin solutions share, XXX or points, the diluted we non-GAAP of adjusted For of EBITDA per $XXX efficiency lower XX.X%, due initiatives. million L&S improvement and of margin by to partially X.X% to $XX.X
Given a L&S the quarter and the first license note of we quarter renewals, shift of uncertain are expect contract range. can timing the above top end of expected Please strongest operating guidance the margin are signings quarter-to-quarter. non-GAAP
Regarding charges liabilities. as annuity of reducing benefit U.S. will we liabilities and overall noncash planned reduce our the qualified which by both assets, defined transfer during anticipate expect of funded of closing within strategy we our the assets retirees continue first plans plan we quarter, opportunistically a
the in We expect in quarter. noncash first $XXX the resulting charge an this million transaction approximate to complete in quarter,
were to prior of CapEx-light contract year to saw as the our million versus due delays expenditures the capital million $XX.X year. and in $XXX.X XXXX half of strategy we CapEx continue execute decreased demand first
capital the collections Cash year, approximately which expect of cash XXXX. in approximately primarily in Adjusted similar due changes. cost $XX to out other for for was million million. Free be a amount payments that of L&S the free was XXXX. negative paid year working flow for expenditures and million postretirement $XX $XX funding expected slipped and full and flow, also excludes cash and year $XX technology reduction cash in to taxes We capital were are the million
and cash revenue. We benefit from payments to XXXX expenditures, This L&S free shifted in into offset from a interest, pension flow that technology impact the expect be expected negative capital will lower benefit tax payments roughly XXXX from line with and XXXX.
free improved flow. give free expect to formal from we cash line While guidance, be or XXXX slightly flow cash XXXX in free cash don't the we flow
of strong sheet, cash continue We maintain year balance $XXX equivalents the and ending cash million. a to with
and end sufficient the liquidity XXXX to ample to have with cash business. global expect We support balances
leverage net of including was pension our all planned deficit X.Xx as net year-end. Additionally, benefit defined ratio,
ending higher value the a benefit pension in by the deposit related discount liabilities. returns improvement our is to $XXX This and our the full $XXX challenging due to update an rates, present the $XXX asset during benefit million. to million. deficit which U.S. XXXX pension of improved The Despite provide in by plan. defined over position now will deficit million year part $XXX year, improved the our reduced large plans to of year defined during cash global qualified I million
qualified During defined pension each contributions to XX-year its cash including benefit year, the pension Unisys plans. U.S. estimated plans, reports global
the the on the by XXXX. in in year-end XXXX cash deficit, in the approximately discount and factors: This defined over This to $X the cash to U.S. no qualified causing contributions rules. to plans GAAP average, pension determined, funding about the than to XX% are is qualified benefit changes positive interim during returns for the of plans U.S. of our end plans in of the which addition for improvement $XXX XXXX benefit with rules market complex fourth updating expected the rules discussion, that for updated contributions million to Despite interest funding years to qualified deficit. asset earnings down be decline have year, plans primarily quarter. our XX-year contribution assumptions the contributions by our In since contributions expected next XXXX. these rates of at driven resulted requirements are use million a and and each sensitive assumptions X with requirements the defined these is all based at First, projected actuarial increase pension less due year-end are very Currently, are contribution our from specific to IRS rates pension end actuarial QX benefit $XXX subject U.S. projection XX provided primarily compared funding cash
to of second XXXX. returns use accelerated The is asset balances prefunding negative during the factor due
When established utilized balances sale lieu and our XXXX, fund in future business. contribution plans to of we defined Pre-funding balances to contributions. expected our benefit were of through contributed $XXX the requirements million established pension of into the federal cash after U.S. end approximately when were be XXXX minimum these in
to fully changes change the based with that However, rates. other discount contribution negative in are be and among note conditions will all requirements. XXXX, have balances on, market fund reduced to Please funding future the been minimum returns requirements asset items, future adequate not in these and likely
significantly lower similar volatility rates. for are the continue, will going to our expected discount market-based funding rate volatility now discount used to forward, average some forecasted Although purposes in contribution be XX-year is
for to purposes we rates contributions if move based XX-year rate the use a declining rate to rates discount relief funding in line in based continuing Alternatively, from continue to on a market liabilities and benefit funding move averages. to rise, liabilities. methodology by may GAAP could will forward, Going environment,
to since use to a rates X our the However, revert balance accelerated to towards were if them apply not ago, the from no even future levels longer to of outlook contributions decline extended prefunding required for makes year minimum contributions. will available
again, $XX based between those of to snapshot Once it global to that reflect million important remain on typically these time plan returns remember and other Contributions volatile to of in all the than expected plans are is asset rates, expectations a are U.S. as and less resulting other year-end. rules $XX million assumptions expected from annually. the and qualified
conclusion, forward, transformation the us Next-Gen are underway propelling the the brand solutions reflecting Unisys our and expanding new across In is company.
from Although will that year it be an are of challenged perspective, optimistic will L&S we XXXX a progress. be
with some remarks. turn I'll for it back And closing Peter to that,
