One, the $175bn-market-cap, conservative T&L integrator, was significantly more cautious ahead of its “2021 Investor & Analyst Day”, both in the wording of its release and the remarks of CEO Carol Tomé, as well as others executives (all here).

It confirmed the “Better, Not Bigger Strategic Framework” and 2023 financial targets that were rather soft where they could have been more aggressive (revenues, adjusted operating margin, return on capital, free cash flow and stock buybacks) and perhaps more aggressive ...

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