We achieved our total revenue target for the year, reflecting early but encouraging signs of stabilization at AT&T in the second half of the year, healthy customer activity in broader North America and solid growth in Asia-Pacific and Europe. We returned a majority of free cash flow to shareholders. Confident of future success, our Board has authorized an additional share repurchase plan of $800 million with no expiration date, which we will execute at the company’s discretion going forward, and also approved the seventh consecutive annual increase in our quarterly cash dividend, subject to shareholder approval.

Shuky Sheffer
Shuky Sheffer
president and
chief executive officer
Robert Minicucci
Robert A. Minicucci
chairman of the board
2019 Annual Report 3
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