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What changed 10-K
Item 7A. Quantitative and Qualitative Disclosures About Market Risk
2025-05-15 compared with 2024-05-17 · 2 added, 1 removed, 32 unchanged (9% of the section changed)
16 unchanged sentences
However, due to our increased use of offshore labor centers, we have become more exposed to fluctuations in foreign currency exchange rates.
−Removed: We experienced significant foreign currency fluctuations during both fiscal years 2024 and 2023 due primarily to the volatility of the Euro, British Pound, and Australian Dollar in relation to the U.S.
+Added: We experienced significant foreign currency fluctuations during fiscal year 2024 due primarily to the volatility of the Euro, British Pound, and Australian Dollar in relation to the U.S.
+Added: Significant foreign currency fluctuations continued to impact the U.S dollar during fiscal 2025 due primarily to the volatility of the British Pound and other foreign currencies in the Americas.
We have policies and procedures to manage exposure to fluctuations in foreign currency by using short-term foreign currency forward contracts to economically hedge certain foreign currency denominated assets and liabilities, including intercompany accounts and loans.
14 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.