Revenue Breakdown - In Fiscal 2025, net revenues from apparel, footwear, and accessories represented 67%, 23%, and 8% of total revenues, respectively, with licensing arrangements contributing 2%[22]. - North America accounted for approximately 60% of net revenues, with U.S. sales reaching $2.8 billion in Fiscal 2025[39][40]. - Direct-to-consumer sales comprised 40% of net revenues, while wholesale sales accounted for 58% in Fiscal 2025[36]. - In Fiscal 2025, sales through the wholesale channel represented approximately 58% of the company's net revenues[96]. - Total net revenues for Fiscal 2025 decreased by 9.4% to $5,164.3 million compared to $5,701.9 million in Fiscal 2024[190]. - Total net revenues decreased by $537.6 million, or 9.4%, to $5.2 billion during Fiscal 2025 from $5.7 billion in Fiscal 2024[196]. - Net sales decreased by $509.9 million, or 9.1%, to $5.1 billion during Fiscal 2025, primarily due to lower unit sales in apparel and footwear[198]. - License revenues decreased by $16.7 million, or 15.0%, to $94.6 million during Fiscal 2025, mainly due to lower revenues from North American licensing partners[199]. Manufacturing and Sourcing - The top five suppliers provided approximately 38% of the fabric used in apparel and accessories, primarily sourced from Taiwan, China, Malaysia, and Vietnam[51]. - In Fiscal 2025, 67% of apparel and accessories were manufactured in Jordan, Vietnam, Cambodia, and Indonesia, with ten manufacturers producing 69% of these products[52]. - The company is exploring ways to diversify sourcing in response to global trade policy changes[52]. - The company evaluates all manufacturers for quality systems, social compliance, and financial strength before selection and on an ongoing basis[53]. - The company generated approximately 69% of its apparel and accessories products from ten manufacturers in Fiscal 2025, with nine manufacturers producing nearly all footwear products[109]. Digital Strategy and Consumer Engagement - The company aims to enhance consumer engagement through a digital strategy that includes multiple digital touchpoints[19]. - The company is investing significantly in enhancing digital shopping capabilities and consumer loyalty programs to adapt to evolving consumer preferences[101]. Marketing and Brand Strategy - The marketing strategy focuses on high-performing athletes and teams, leveraging sponsorships and grassroots events to drive brand awareness[31][30]. - The company owns major trademarks, including UA Logo® and UNDER ARMOUR®, and actively protects its intellectual property[56][57]. - The competitive landscape includes major brands like NIKE, adidas, and PUMA, with challenges from both global and regional competitors[59][60]. Financial Performance and Challenges - Net income for Fiscal 2025 was a loss of $201.27 million, compared to a net income of $232.04 million in Fiscal 2024[195]. - The company incurred restructuring charges of $57.97 million in Fiscal 2025, with total estimated charges expected to be between $140 million and $160 million[187][188]. - Selling, general and administrative expenses increased by 8.4% to $2,601.99 million[190]. - The company faces significant pricing pressure due to intense competition, which may negatively impact margins and profitability[91]. - Fluctuations in raw material costs and supply chain disruptions can adversely affect the company's profit margins and financial results[93]. - The company must successfully execute its long-term strategies, including expanding its direct-to-consumer business and enhancing digital offerings, to achieve growth objectives[99]. - A decline in sales to key customers could result in a material loss of net revenues, negatively impacting growth prospects[102]. Operational Efficiency and Management - Inventory management is crucial, with a focus on improving efficiency and reducing lead times to meet consumer demand[54]. - The company is executing a restructuring plan aimed at improving financial and operational efficiencies, but may not fully realize the expected benefits, potentially impacting profitability[127]. - The company has faced significant changes in its executive management team, which could disrupt operations and affect business goals[125]. - The company relies heavily on information technology, and any failure or interruption could harm its operational effectiveness[121]. - The company experienced operational disruptions due to cyberattacks, which could lead to delays in product fulfillment and reduced operational efficiency[122]. Sustainability and Compliance - The sustainability strategy aims to drive performance through sustainable innovations across product, home field, and team pillars[62]. - Climate change and increased regulatory focus on sustainability may adversely affect the company's brand, product sales, and operational results[117]. - Legal and regulatory compliance is critical, as failure to adhere to laws could lead to significant penalties and reputational damage[135]. Workforce and Culture - The workforce consists of approximately 14,400 teammates, with about 6,500 being full-time employees[64]. - The company emphasizes a culture of engagement and ethical practices, supported by various training and development programs[65][66]. - Total rewards strategy includes competitive pay and benefits, with a focus on pay equity and performance-based compensation[68][69]. - The company is committed to enhancing its leadership capabilities through mentoring and training programs[67]. Cash Flow and Financial Position - As of March 31, 2025, the company's cash and cash equivalents totaled $501 million, indicating a need for additional capital to manage and grow the business[130]. - The company anticipates no cash dividends will be declared or paid in the foreseeable future[175]. - The company is actively monitoring macroeconomic factors, including inflation and global trade policies, which may materially impact results in Fiscal 2026[192][193]. Risks and Vulnerabilities - The company relies heavily on consumer discretionary spending, which can decline during economic downturns, impacting sales and growth expectations[82]. - The company has limited brand recognition and operational experience in certain international markets, which may hinder its growth strategy and operational efficiency[105]. - The company relies on a limited number of distribution facilities, making it vulnerable to disruptions from natural disasters or operational difficulties[120]. - The company has experienced challenges with maintaining quality control standards, risking loss of net revenues and brand reputation[113]. - The company has historically provided supply chain finance support, but disruptions in financial markets could impact cash flow and liquidity for its partners[111].

Production and Operations - Talos achieved record production of approximately 101 MBoe/d in Q1 2025, with 68% being oil and 78% liquids[3][11] - Talos expects average daily production for Q2 2025 to be between 92.0 to 96.0 MBoe/d, with full-year guidance of 90.0 to 95.0 MBoe/d[21][23] - Talos completed well operations on the Sunspear discovery, with first production expected in late Q2 2025, projecting 8-10 MBoe/d gross[5][7] - The Katmai West 2 well is currently in completion operations, with first production also expected in late Q2 2025, and an estimated ultimate recovery of approximately 50 MMBoe gross[5][8] - Talos increased its interest in the Monument discovery to 29.76%, expecting first production of 20-30 MBoe/d gross by late 2026[9] Financial Performance - Adjusted EBITDA for Q1 2025 was $363.0 million, with a net loss of $9.9 million or $0.05 per diluted share[5][10] - The company reported total revenues of $513.1 million for Q1 2025, with average realized prices of $71.73 per barrel for oil and $4.32 per Mcf for natural gas[10][12] - Total revenues for Q1 2025 reached $513.1 million, a 19.4% increase from $429.9 million in Q1 2024[39] - Oil revenues increased to $440.7 million, up 12.1% from $393.2 million in the same period last year[39] - Net loss for Q1 2025 was $9.9 million, compared to a net loss of $112.4 million in Q1 2024, representing a significant improvement[39] - Operating income for Q1 2025 was $43.5 million, down from $67.8 million in Q1 2024, indicating a decrease of 35.8%[39] - Cash flows from operating activities for Q1 2025 were $268.2 million, compared to $96.4 million in Q1 2024, showing a substantial increase[41] - Adjusted Free Cash Flow before changes in working capital was $194,472 thousand for the three months ended March 31, 2025[56] Liquidity and Capital Expenditures - The company maintained a strong cash balance of $203.0 million and an undrawn credit facility, resulting in total liquidity of approximately $960.2 million[4][19] - Capital expenditures for Q1 2025 totaled $117.6 million, with plans to allocate up to 50% of annual free cash flow to share repurchases[5][15][6] - Cash, cash equivalents, and restricted cash at the end of Q1 2025 totaled $310.0 million, up from $124.4 million at the end of Q1 2024[41] - Total current assets increased to $708.8 million as of March 31, 2025, up from $659.4 million at the end of 2024[37] - Total liabilities decreased to $3.4 billion as of March 31, 2025, down from $3.4 billion at the end of 2024[37] - Total Debt as of March 31, 2025, was $1,250,000 thousand, with Net Debt calculated at $1,047,050 thousand[68] - LTM Adjusted EBITDA reached $1,393,160 thousand, resulting in a Net Debt to LTM Adjusted EBITDA ratio of 0.8x[68] Risk Factors and Strategic Focus - The company is subject to various risks including commodity price volatility and geopolitical events that may impact its operations[30] - Talos Energy focuses on maximizing long-term value through its Exploration & Production business in the U.S. Gulf of America and offshore Mexico[28] - The company emphasizes safe and efficient operations, environmental responsibility, and community impact in its business strategy[28] - Future production estimates are based on assumptions of capital expenditure levels and market demand for oil and gas[31] - Reserve estimates are subject to significant uncertainty and may differ from actual recoverable quantities[32] Conference and Investor Relations - The company plans to host a conference call on May 6, 2025, at 10:00 AM Eastern Time to discuss earnings and future outlook[27] - Talos Energy's investor relations contact is Clay Jeansonne, available via email for inquiries[29] Non-GAAP Measures and Adjustments - Talos Energy utilizes non-GAAP financial measures such as EBITDA and Adjusted EBITDA to provide additional insights into its financial performance[34] - The adjustments for derivative fair value loss amounted to $15,853 thousand, impacting the overall financial performance[61] - Non-cash equity-based compensation expense for the period was $4,141 thousand, contributing to the Adjusted Net Income of $10,466 thousand[61] - The company reported a transaction expense of $(4,579) thousand related to severance costs and acquisition expenses[61] - Adjusted General & Administrative Expenses for Q1 2025 were $30.3 million, down from $34.6 million in Q1 2024[44] - Adjusted EBITDA for the same period was $363,003 thousand, compared to $361,814 thousand in the previous quarter, reflecting a stable operational performance[49] - Production for the three months ended March 31, 2025, was 9,080 Boe, with an Adjusted EBITDA per Boe of $39.98[49] - The company did not pay any cash income taxes during the period, which had no impact on the reported Adjusted Free Cash Flow[55]

Financial Performance - Consolidated net sales for Q4 FY 2025 decreased 10.2% to $498.1 million from $554.5 million, while service revenues increased 33.0% to $104.9 million[5]. - Consolidated gross profit increased 11.8% to $145.8 million, with a gross margin of 29.3%, up from 23.5% in the prior year[5]. - Net earnings for Q4 FY 2025 increased 14.6% to $25.2 million, with diluted earnings per share rising 15.9% to $0.95[5]. - For FY 2025, consolidated net sales decreased 7.0% to $2,068.8 million, while service revenues increased 37.1% to $400.4 million[5]. - Total net sales for the three months ended March 31, 2025, were $498,114, a decrease of 10.4% compared to $554,461 for the same period in 2024[40]. - Product net sales decreased by 17.8% to $382,371 for the three months ended March 31, 2025, compared to $465,228 in the prior year[41]. - Professional services net sales increased by 48.4% to $60,354 for the three months ended March 31, 2025, compared to $40,679 in the prior year[43]. - Operating income for the three months ended March 31, 2025, was $34,715, compared to $29,015 for the same period in 2024, reflecting an increase of 19.0%[40]. - Net earnings for the three months ended March 31, 2025, were $25,196, an increase of 14.0% from $21,983 in the same period of 2024[40]. - Adjusted EBITDA for the consolidated entity was $43,819 for the three months ended March 31, 2025, compared to $36,805 in 2024, reflecting a growth of 19.0%[51]. - Non-GAAP net earnings for the year ended March 31, 2025, were $124,475, a decrease of 5.2% from $131,327 in 2024[52]. - The diluted non-GAAP net earnings per common share for the year ended March 31, 2025, was $4.67, compared to $4.92 in 2024, reflecting a decrease of 5.1%[52]. Revenue Breakdown - Professional service revenues increased 48.4% to $60.4 million, primarily due to the acquisition of Bailiwick Services, LLC[8]. - Managed service revenues increased 24.6% to $171.3 million, driven by growth in Enhanced Maintenance Support and Cloud services[20]. - The Telecom, Media, & Entertainment segment saw a significant decline in sales, dropping 28.9% to $101,268 for the three months ended March 31, 2025, compared to $142,333 in 2024[44]. - The Healthcare segment experienced a 14.8% increase in sales, reaching $74,289 for the three months ended March 31, 2025, compared to $64,711 in 2024[44]. - The Financial Services segment's sales decreased by 36.3% to $44,097 for the three months ended March 31, 2025, down from $69,239 in 2024[44]. - The Financing Business Segment reported a 4.9% increase in net sales to $10,869 for the three months ended March 31, 2025, up from $10,361 in 2024[45]. - The company achieved a gross profit of $9,505 for the Financing Business Segment for the three months ended March 31, 2025, an increase of 8.2% from $8,783 in 2024[45]. Assets and Equity - Cash and cash equivalents as of March 31, 2025, were $389.4 million, up from $253.0 million a year ago[28]. - Total stockholders' equity increased to $977.6 million as of March 31, 2025, compared to $901.8 million a year earlier[28]. - Total assets increased to $1,884,805 as of March 31, 2025, from $1,653,469 as of March 31, 2024, representing a growth of 13.9%[39]. - Total liabilities rose to $907,182 as of March 31, 2025, compared to $751,690 as of March 31, 2024, an increase of 20.7%[39]. - Cash and cash equivalents increased to $389,375 as of March 31, 2025, from $253,021 as of March 31, 2024, a growth of 53.8%[39]. Future Outlook - ePlus is initiating FY 2026 guidance for net sales growth of low single digits and gross profit and adjusted EBITDA in the mid-single digits[29]. - The company remains focused on AI, cloud, security, and networking as key growth areas for the future[30].

Financial Performance - Total net revenue for Q3 Fiscal 2025 reached $7,754 million, a 15.1% increase from $6,737 million in Q3 Fiscal 2024[12] - Service revenue contributed $6,971 million, up 15.3% from $6,048 million year-over-year[12] - Net income for the quarter was $2,820 million, representing a 17.9% increase compared to $2,389 million in the same quarter last year[12] - Basic net income per share increased to $10.09, up from $8.53 in Q3 Fiscal 2024, reflecting a 18.3% growth[12] - Total net revenue for the nine months ended April 30, 2025, reached $15,000 million, up 14.5% from $13,101 million in the prior year[152] - Operating income for the three months ended April 30, 2025, was $3,720 million, reflecting a 19.8% increase from $3,105 million in the same quarter of 2024[152] - Net income for the nine months ended April 30, 2025, was $3,488 million, compared to $2,983 million for the same period in 2024, representing a 16.9% increase[21] - Operating income for the nine months ended April 30, 2025, was $4,584 million, compared to $3,781 million for the same period in 2024, marking a 21.2% increase[12] Assets and Equity - Total assets as of April 30, 2025, were $36,593 million, an increase from $32,132 million as of July 31, 2024[16] - Intuit's total stockholders' equity increased to $20,125 million from $18,436 million, reflecting a strong financial position[16] - Total stockholders' equity as of April 30, 2025, was $20,125 million, an increase from $18,757 million as of April 30, 2024, indicating a year-over-year growth of 7.3%[19] - Total current assets as of April 30, 2025, were $13,965 million, an increase from $9,678 million as of July 31, 2024[16] Cash Flow and Investments - Cash and cash equivalents rose to $5,443 million, compared to $3,609 million at the end of the previous fiscal year[16] - The net cash provided by operating activities for the nine months ended April 30, 2025, was $5,826 million, up from $4,467 million in the same period of 2024, representing a growth of 30.4%[21] - Cash, cash equivalents, restricted cash, and restricted cash equivalents at the end of the period on April 30, 2025, totaled $10,184 million, up from $6,481 million a year earlier, reflecting a significant increase of 57.5%[22] - The company reported a net cash used in financing activities of $1,652 million for the nine months ended April 30, 2025, compared to $851 million in 2024[22] Expenses and Costs - Total costs and expenses for the quarter were $4,034 million, a 11.1% increase from $3,632 million in Q3 Fiscal 2024[12] - Research and development expenses for the three months ended April 30, 2025, were $707 million, an increase from $671 million in the same period of 2024[12] - Share-based compensation expense for the nine months ended April 30, 2025, was $1,478 million, slightly higher than $1,421 million for the same period in 2024[21] Stock and Dividends - The company repurchased $754 million worth of stock under its stock repurchase programs during the three months ended April 30, 2025[17] - Dividends declared per share increased to $1.04 for the three months ended April 30, 2025, compared to $0.90 for the same period in 2024[19] - Cash dividends declared during the nine months ended April 30, 2025 totaled $3.12 per share, amounting to $891 million[125] Segment Performance - Global Business Solutions segment reported net revenue of $2,849 million for the three months ended April 30, 2025, a 19.4% increase from $2,387 million in the prior year[152] - Consumer segment net revenue increased to $4,048 million for the three months ended April 30, 2025, compared to $3,653 million in the same period of 2024, marking an 11.5% growth[152] - Credit Karma segment net revenue for the three months ended April 30, 2025, was $579 million, up 30.8% from $443 million in the same quarter of 2024[152] Future Outlook and Investments - The company expects to continue investing significantly in product development and marketing, particularly in artificial intelligence[10] - The company anticipates long-term growth in total service revenue as a percentage of total revenue[10] Legal and Compliance - The company is currently involved in various legal proceedings, including a settlement agreement with state attorneys general for $141 million related to marketing practices[135] - The company is evaluating the impact of new accounting standards on its consolidated financial statements, effective for fiscal years beginning after December 15, 2023[44] Miscellaneous - No customer accounted for 10% or more of total net revenue in the three or nine months ended April 30, 2025[43] - The company reorganized technology and customer success functions across segments to enhance overall platform management[28]

Revenue and Income - For the three months ended April 30, 2025, revenue was $1.2 billion, representing an increase of $84.5 million, or 7.5% year-over-year[4] - Net income attributable to Copart, Inc. for the quarter was $406.6 million, reflecting a year-over-year increase of $24.3 million, or 6.4%[4] - For the nine months ended April 30, 2025, revenue totaled $3.5 billion, up $354.0 million, or 11.2% from the same period last year[5] - Net income for the nine months ended April 30, 2025, was $1,153,055, an increase of 10.9% compared to $1,040,169 in 2024[17] Profitability Metrics - Gross profit for the same period was $552.3 million, an increase of $26.8 million, or 5.1% compared to the previous year[4] - The company reported a fully diluted earnings per share of $0.42 for the quarter, an increase of 7.7% from $0.39 in the prior year[4] - Operating income for the three months ended April 30, 2025, was $451.5 million, a 3.3% increase from the previous year[13] Assets and Cash Flow - Total current assets as of April 30, 2025, were $5.36 billion, compared to $4.42 billion as of July 31, 2024[15] - Total assets increased to $9.67 billion from $8.43 billion over the same period[15] - Cash and cash equivalents increased to $2.37 billion from $1.51 billion year-over-year[15] - Cash, cash equivalents, and restricted cash at the end of the period reached $2,366,499, compared to $1,089,995 at the end of the previous year[17] - Net cash provided by operating activities increased to $1,361,274, up 31.7% from $1,033,343 in the previous year[17] Investment and Expenses - Net cash used in investing activities decreased to $559,049, a reduction of 39.1% from $916,494 in 2024[17] - Purchases of property and equipment totaled $481,349, an increase from $373,104 in the previous year[17] - Income taxes paid, net of refunds, rose to $318,989, compared to $266,400 in 2024, reflecting a 19.7% increase[17] Operational Highlights - The company sold more than 4 million units in the last year, with operations in over 250 locations across 11 countries[7] - The effect of foreign currency translation contributed $5,990 to cash flows, compared to $4,862 in 2024[17] - The company reported a gain on the sale of property and equipment of $4,533, compared to $3,453 in the previous year[17] - The allowance for credit loss was significantly reduced to $153 from $2,513 in the previous year[17] Stock and Equity - Proceeds from the exercise of stock options increased to $40,171, up 97.5% from $20,377 in the previous year[17]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 __________________________________ Form 10-K __________________________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _____________ Commission file number: 000-19599 WORLD ACCEPTANCE CORPORATION (Exact nam ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 001-39010 Dynatrace, Inc. (Exact name of Registrant as specified in its charter) Delaware 47-2386428 (State or other jurisdiction of incorpo ...

Exhibit 99.1 DECKERS BRANDS REPORTS FOURTH QUARTER AND FULL FISCAL YEAR 2025 FINANCIAL RESULTS Goleta, California (May 22, 2025) -- Deckers Brands (NYSE: DECK), a global leader in designing, marketing, and distributing innovative footwear, apparel, and accessories, today announced financial results for the fourth fiscal quarter and full fiscal year ended March 31, 2025. The Company also provided its financial outlook for the first fiscal quarter ending June 30, 2025. "Deckers delivered another exceptional y ...

Revenue and Market Dependence - Approximately 62.3% of the IT Services segment revenue is derived from the Americas, including the United States, and 27.1% from Europe[30]. - The company’s revenues and expenses are difficult to predict due to fluctuations in the markets, increasing the likelihood of results falling below projections[24]. - The company’s reliance on technology spending by clients means that any decline in technology usage or spending could adversely impact revenues and profitability[29]. - The company generates approximately 99.7% of its revenue from IT Services, with 38% of this revenue derived from non-U.S. Dollar currencies, exposing it to exchange rate fluctuations[82]. - The Indian IT services sector is projected to grow by 4.3% year-over-year, reaching U.S.$137.1 billion in fiscal year 2025, driven by AI advancements and intensified cybersecurity needs[197]. - The global IT services spending grew at 4.7% year-over-year in calendar year 2024, with expectations for improved technology spending due to stabilizing inflation and interest rate cuts[195]. Economic and Geopolitical Risks - The company faces significant risks due to economic slowdowns in the Americas and Europe, which could adversely affect technology spending by clients[30]. - The company is exposed to risks from geopolitical conflicts, such as the situation between Russia and Ukraine, which could negatively impact client spending on IT services[30]. - The company is exposed to risks from geopolitical conditions and trade policies, which may hamper growth and have adverse macroeconomic effects[46]. Operational and Financial Risks - The company is making substantial investments in new facilities and physical infrastructures, which could impact profitability if business growth does not keep pace[26]. - The company’s business is highly dependent on clients' ability to pay dues and receivables, with potential adverse effects on operations and cash flows if clients face financial difficulties[34]. - The company faces risks related to government contracts, including potential termination without cause and the right of government entities to audit contract costs, which could negatively impact revenue and profitability[50][51]. - The company may incur additional debt for acquisitions, increasing interest expenses and limiting cash for other uses like stock repurchases[68]. - The company faces risks related to underpricing contracts and inaccurate cost estimations, particularly in outsourcing projects[75]. Compliance and Regulatory Challenges - The company is subject to stringent laws and regulations related to privacy, data protection, and cybersecurity, which could impact business operations if not complied with[93]. - The EU's GDPR imposes fines of up to €20 million or 4% of annual global revenue for noncompliance, whichever is greater[94]. - The California Consumer Privacy Act (CCPA) and the California Privacy Rights Act (CPRA) create new consumer rights and impose civil penalties for violations, with the CPRA effective from January 1, 2023[99]. - The company is subject to various legal and regulatory requirements globally, which could result in fines or penalties for non-compliance[133]. Talent and Workforce Management - The company relies on a skilled workforce, and failure to attract and retain talent could impair business growth and revenue[86]. - Wage increases in India may diminish the company's competitive advantage and negatively affect profit margins, especially if it cannot hire in low-cost locations[80]. - The company is focused on building a diverse and global talent pool across various specializations, including consulting and technology[217]. Strategic Investments and Innovations - The company is making substantial investments in AI technologies, which may present business, financial, legal, and reputational risks if not successfully developed and deployed[56][58]. - Wipro is transitioning to an AI-first organization, utilizing its Lab45 GenAI platform and the Wipro Enterprise GenAI acceleration studio to unlock business value from AI[177]. - Wipro's services include a wide range of technologies, from GenAI and cloud computing to data and blockchain, addressing complex client needs[176]. Acquisitions and Mergers - The company may engage in future acquisitions that could face regulatory hurdles and may not meet expectations, potentially leading to financial losses[65][66]. - Wipro has completed several mergers and acquisitions in the last three fiscal years, enhancing its capabilities in various sectors[191]. - Integration of acquired entities could be time-consuming and expensive, impacting operational efficiency and personnel retention[69]. Financial Position and Capital Management - The company’s liquidity is influenced by its ability to generate cash flows and access capital markets, with potential adverse effects from increased borrowing costs[129]. - The company faces risks associated with indebtedness, including the ability to manage operations and generate sufficient cash flows to service debt[131]. - The company issued U.S.$ 750 million in senior unsecured notes due in 2026, bearing interest at a rate of 1.50% per annum[132]. Brand and Market Position - The company relies on a strong brand, and failure to maintain it could lead to a decline in share price and hinder business expansion[115]. - The company's insurance coverage may not be adequate to protect against all potential losses, which could materially harm financial condition and operating results[112]. Cybersecurity and Data Protection - The company is exposed to risks from cyberattacks, which could disrupt operations and lead to unauthorized access to sensitive data[106]. - Cybersecurity incidents could lead to significant reputational damage and financial obligations, impacting customer relationships and market position[104]. - The company may incur substantial costs related to compliance with evolving privacy and data protection laws, which could affect financial results[103]. Market and Economic Conditions - Political, social, and economic developments in India may impact the prices of the company's equity shares and ADSs[150]. - Adverse revisions to India's credit ratings could negatively impact the company's ability to raise financing and affect its financial condition[128]. - Changes in Indian tax laws, including the removal of Special Economic Zones (SEZs) benefits, could increase the company's effective tax rate[142].

Management will host a webcast and conference call today, Thursday, May 22, 2025 at 5:00 pm ET to discuss the Company's results for the fourth quarter and fiscal year ended March 31, 2025. The webcast will be made available on the Shareholders section of the Company's website at https://shareholders.stepstonegroup.com. To listen to a live broadcast, go to the site at least 15 minutes prior to the scheduled start time to register. A replay will also be available on the Shareholders section of the Company's w ...