4 unchanged sentences
in necessary interactions with the government as it relates to government contracts and personnel access to necessary government functions.
−Removed: We anticipate that the political and governmental environment will remain unsteady until new elections are held.
−Removed: devaluation of the Pakistan Rupee in comparison to the US Dollars has an impact on the value of our contracts paid in Rupees.
−Removed: with the higher-than-average inflation rate in Pakistan, may continue to negatively impact our largest subsidiary and accordingly the
+Added: We anticipate that the political and governmental environment will stabilize following the recent elections.
+Added: devaluation of the Pakistan Rupee in comparison to the US Dollar has stabilized, the higher-than-average inflation rate in Pakistan may continue to negatively impact our largest subsidiary and accordingly the
Company’s financials as a whole.
−Removed: tensions between the US and China have resulted in US companies exiting China and moving their supply chain requirements to other countries.
−Removed: Other multinational companies have indicated concerns about transactions with US owned Chinese companies because of this continued tension.
−Removed: Should these tensions result in disparate treatment of US owned subsidiaries, it could negatively impact our operations in China, our
−Removed: ability to gain new business and the ability to transfer funds out of China.
Economic Conditions
1 unchanged sentence
inflation, geopolitical tensions, including trade wars, tariffs and/or sanctions in geographic
−Removed: Global pandemics, including COVID-19;
and global conflicts or disasters that impact the global economy or one or more sectors
of the global economy have negative impacts on our ability to acquire new business to and deliver on new business when contracted.
−Removed: interest rate increases by the U.S.
−Removed: Federal Reserve Board in 2023 restrict buying power for consumers and companies which may negatively
−Removed: affect our customers profits and ability to acquire new or additional services.
+Added: Failure by the U.S.
+Added: Federal Reserve Board to further reduce
+Added: interest rates may restrict buying power for consumers and companies which may negatively affect
+Added: our customers profits and ability to acquire new or additional services.
and higher interest rates globally have greatly increased the cost of doing business, including salaries and benefits worldwide, affecting
1 unchanged sentence
If inflation does not stabilize, our profitability can be impacted.
−Removed: decline by over 20% in 2022 of the U.S.
−Removed: markets including the NASDAQ index and the Russell 2000 index, and any continued decline in our
−Removed: stock price may limit access to capital markets.
−Removed: from the office might not return to pre-pandemic levels which may affect employee collaboration potentially lessening efficiency.
−Removed: we fail to navigate this challenge, it could negatively affect productivity.
−Removed: 1B – UNRESOLVED STAFF COMMENTS
−Removed: 1C – Cybersecurity
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.