Gerald's questions to SPRT leadership • Q1 2016
Question
Gerald, on behalf of Mike Latimore, asked for an outlook on the Office Depot business and the status of its contract renewal. He also sought clarification on whether cash balance targets include M&A and inquired about the growth potential of the Staples account.
Answer
President & CEO Elizabeth Cholawsky described the Office Depot relationship as strong and confirmed the contract renewal is in progress. CFO & COO Roop Lakkaraju noted that guidance accounts for seasonality in the retail business and clarified that cash balance targets are purely operational, excluding any potential acquisitions. Cholawsky added that while the Staples program is growing, it is currently small, and she could not speculate on it becoming a top-tier customer.