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 ...

Exhibit 99.1 Workday Announces Fiscal 2026 First Quarter Financial Results Fiscal First Quarter Total Revenues of $2.240 Billion, Up 12.6% Year Over Year Subscription Revenues of $2.059 Billion, Up 13.4% Year Over Year PLEASANTON, Calif., May 22, 2025 – Workday, Inc. (NASDAQ: WDAY), the AI platform for managing people, money, and agents, today announced results for the fiscal 2026 first quarter ended April 30, 2025. Fiscal 2026 First Quarter Results Comments on the News "Workday delivered another solid quar ...

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 000-38312 8x8, Inc. (Exact name of Registrant as Specified in its Charter) Delaware 77-0142404 (State or Other Jurisdiction of Incorp ...

Intuit Reports Strong Third-Quarter Results and Raises Full-Year Guidance Consumer Group Revenue Grew 11 percent; Global Business Solutions Group Revenue Grew 19 percent MOUNTAIN VIEW, Calif. - May 22, 2025 - Intuit Inc. (Nasdaq: INTU), the global financial technology platform that makes Intuit TurboTax, Credit Karma, QuickBooks, and Mailchimp, announced financial results for the third quarter of fiscal 2025, which ended April 30. "We have exceptional momentum with outstanding performance across our platfor ...

Financial Performance - Earnings per share for Q1 2025 were $1.47, slightly up from $1.46 in Q1 2024, with net income at $479 million compared to $488 million last year[5] - Total sales for Q1 2025 reached $5.0 billion, with comparable store sales remaining flat year-over-year[5] - Operating margin for the first quarter was 12.2%, unchanged from the previous year[6] - Net earnings for the three months ended May 3, 2025, were $479,249, a decrease of 2% from $487,990 in the same period last year[16] Share Repurchase and Guidance - The company repurchased 2.0 million shares for $263 million under a $2.1 billion buyback program, aiming to buy back $1.05 billion in total during fiscal 2025[6] - For Q2 2025, comparable store sales are projected to be flat to up 3%, with earnings per share guidance set between $1.40 and $1.55, down from $1.59 in the prior year[8] Cost and Tariff Impact - The anticipated cost impact from tariffs is estimated to be approximately $0.11 to $0.16 per share for Q2 2025[8] Store and Asset Management - The company operates 2,205 stores at the end of Q1 2025, a decrease from 2,127 stores a year earlier[12] - Total assets as of May 3, 2025, were $14.30 billion, down from $14.49 billion a year prior[14] - Cash and cash equivalents decreased to $3.78 billion from $4.65 billion year-over-year[14] Cash Flow and Investment Activities - Net cash provided by operating activities increased to $409,715, up 11% from $368,921 year-over-year[16] - Cash used in investing activities rose to $207,378, compared to $136,249 in the prior year, reflecting increased capital expenditures[16] - Net cash used in financing activities significantly increased to $1,149,809, up from $450,033, primarily due to long-term debt payments of $700,000[16] - The total cash, cash equivalents, and restricted cash and cash equivalents at the end of the period was $3,848,990, down from $4,718,080 a year ago[16] Expense Management - Interest paid during the period was $35,939, a decrease from $40,158 in the previous year[16] - Income taxes paid (refunded), net, was $334, compared to a refund of $(375) in the same period last year[16] - Depreciation and amortization expenses increased to $115,938 from $109,186 year-over-year[16] - Stock-based compensation decreased slightly to $39,296 from $40,447 in the prior year[16] - Merchandise inventory change improved to $(225,336) from $(269,479), indicating better inventory management[16] Management Approach - The company emphasizes a conservative management approach amid heightened macroeconomic and geopolitical uncertainties[8]

Financial Performance - Net revenue for the three months ended April 27, 2025, was $7,100 million, a 6.8% increase from $6,646 million for the same period in 2024[12] - Gross profit for the three months ended April 27, 2025, was $3,485 million, up 10.5% from $3,153 million in the prior year[12] - Net income for the three months ended April 27, 2025, reached $2,137 million, representing a 24.2% increase compared to $1,722 million in the same quarter of 2024[15] - Earnings per share (EPS) for the three months ended April 27, 2025, was $2.64, an increase from $2.08 in the same quarter of the previous year[12] - Comprehensive income for the three months ended April 27, 2025, was $2,136 million, compared to $1,716 million for the same period in 2024[15] - Operating income for the three months ended April 27, 2025, was $2,169 million, an increase of 13% from $1,912 million in the same period of 2024[143] Assets and Liabilities - Total current assets decreased to $19,708 million as of April 27, 2025, from $21,220 million as of October 27, 2024[18] - Total liabilities decreased to $14,671 million as of April 27, 2025, compared to $15,408 million as of October 27, 2024[18] - Total cash, cash equivalents, and investments as of April 27, 2025, amounted to $10,385 million, up from $10,190 million[35] - The company’s cash and cash equivalents at the end of the period were $6,169 million, down from $7,175 million[27] - Total long-term debt was $5,462 million as of April 27, 2025, remaining stable compared to $5,460 million as of October 27, 2024[84] Cash Flow and Financing Activities - Cash provided by operating activities for the six months ended April 28, 2024, was $3,717 million, compared to $2,496 million for the same period in 2025, reflecting a 48.8% increase[27] - The company utilized $3.7 billion in cash for financing activities in the six months ended April 27, 2025, primarily for stock repurchases of $3.0 billion and cash dividends of $651 million[174] - The company has credit facilities for unsecured borrowings of up to $2.1 billion, with no amounts outstanding under the Revolving Credit Agreement as of April 27, 2025[177] Research and Development - Research, development, and engineering expenses increased to $893 million for the three months ended April 27, 2025, compared to $785 million in the same period of 2024[12] - The company continues to invest significantly in research, development, and engineering (RD&E) to ensure the availability of innovative technology for advanced customer designs[134] Stock Repurchase and Dividends - The company declared dividends of $0.46 per common share for the three months ended April 27, 2025[22] - The company authorized a stock repurchase program of $10.0 billion in March 2025, supplementing the previous $10.0 billion authorization from March 2023, with approximately $15.9 billion remaining available for future repurchases as of April 27, 2025[87] - For the three months ended April 27, 2025, the company repurchased 11 million shares at a cost of $1.685 billion, averaging $148.88 per share, compared to 4 million shares for $827 million at an average of $199.59 per share in the same period of 2024[90] Segment Performance - The Semiconductor Systems segment generated net revenue of $5,255 million with an operating income of $1,900 million for the three months ended April 27, 2025, compared to $4,901 million and $1,701 million respectively in the same period of 2024[123] - Applied Global Services (AGS) segment reported net revenue of $1,566 million and operating income of $446 million for the three months ended April 27, 2025, up from $1,530 million and $436 million in the same period of 2024[123] - Display segment net revenue increased to $259 million with an operating income of $68 million for the three months ended April 27, 2025, compared to $179 million and $5 million in the same period of 2024[123] Tax and Legal Matters - The effective tax rate for the second quarter of fiscal 2025 was 8.0%, down from 13.6% in the same quarter of 2024, primarily due to a reduction of unrecognized tax benefits related to foreign operations[104] - The company is subject to various legal proceedings and government inquiries, including subpoenas related to export controls compliance, but does not expect these to materially affect its financial condition[110][111] Market Conditions - Net revenue from China decreased by 37% to $1,774 million for the three months ended April 27, 2025, compared to $2,831 million in the same period of 2024[126] - The company reported a 25% decrease in net revenue from customers in China for the three months ended April 27, 2025, primarily due to lower investments in semiconductor equipment[148] - Net revenue from customers in Korea increased by 58% to $1,562 million for the three months ended April 27, 2025, compared to $988 million in the same period last year[148]

Financial Performance - First quarter revenue increased by 15% year-over-year to $1.6 billion, with a 16% growth on a constant currency basis[1] - Billings for Q1 FY26 reached $1.434 billion, reflecting a 29% year-over-year increase[3] - GAAP EPS for Q1 FY26 was $0.70, down $0.46 compared to the previous year, while non-GAAP EPS was $2.29, up $0.42[3] - Total net revenue by product type showed Design revenue at $1.361 billion (14% increase), Make revenue at $179 million (23% increase), and Other revenue at $93 million (22% increase)[4] - Total net revenue for the three months ended April 30, 2025, was $1,633 million, a decrease from $1,633 million in the same period last year[39] - Subscription revenue reached $1,532 million, while maintenance revenue was $8 million, contributing to a total subscription and maintenance revenue of $1,540 million[39] - Net income for the period was $152 million, with diluted net income per share at $0.70[39] Revenue Guidance - Q2 FY26 revenue guidance is projected between $1.720 billion and $1.730 billion, with GAAP EPS guidance of $1.37 to $1.46[12] - Full-year FY26 revenue guidance is set between $6.925 billion and $6.995 billion, with billings expected between $7.160 billion and $7.310 billion[12] Cash Flow and Capital Allocation - The company plans to allocate more capital to share repurchases as free cash flow grows, which was $556 million in Q1 FY26, a 14% increase[3] - Cash and cash equivalents increased to $1,816 million from $1,599 million at the beginning of the period[41] - Operating cash flow for the three months ended April 30, 2025, was $564 million, compared to $494 million in the same period last year[41] - Net cash provided by operating activities amounted to $564 million, resulting in free cash flow of $556 million[45] - The company repurchased $354 million of common stock during the period[41] Operating Metrics - Remaining performance obligations (RPO) totaled $7.157 billion, a 21% increase year-over-year, with current RPO at $4.552 billion (16% increase)[8] - Total operating expenses amounted to $1,240 million, with research and development expenses at $394 million[39] - GAAP operating margin for the three months ended April 30, 2025, was 14%, while the non-GAAP operating margin was 37%[45] - The GAAP operating margin for FY26 is expected to be between 21% and 22%, with a non-GAAP operating margin forecasted at 36.5% to 37%[48] Stock and Intangible Assets - Autodesk's goodwill increased to $4,275 million from $4,242 million at the end of January 2025[40] - Deferred revenue stood at $3,620 million, a decrease from $3,787 million at the end of January 2025[40] - Total assets decreased to $10,585 million from $10,833 million at the end of January 2025[40] Future Projections - For Q2 FY26, GAAP EPS is projected to be between $1.37 and $1.46, with non-GAAP EPS expected to be between $2.44 and $2.48[48] - The FY26 GAAP EPS is forecasted to be between $4.63 and $5.14, while non-GAAP EPS is anticipated to be between $9.50 and $9.73[49] - Stock-based compensation expense for Q2 FY26 is estimated to be between $0.87 and $0.89[48] - Amortization of purchased intangibles and developed technologies for FY26 is projected at $0.65[49] - Restructuring and other exit costs for FY26 are expected to be between $0.53 and $0.60[49] - Income tax adjustments for FY26 are anticipated to range from $(0.24) to $(0.33)[49] Strategic Focus - The focus remains on strategic priorities in cloud, platform, and AI to drive long-term shareholder value amidst macroeconomic uncertainties[2]

Revenue Performance - VF Corporation reported a 4% decrease in revenues for Fiscal 2025, totaling $9.5 billion compared to $9.9 billion in Fiscal 2024[248]. - The Outdoor segment saw a 1% revenue increase to $5.6 billion, while the Active segment experienced a 12% decline to $3.1 billion[251]. - Total segment revenues decreased to $9,504.7 million in Fiscal 2025 from $9,915.7 million in Fiscal 2024, reflecting a decline of approximately 4.1%[263]. - The Outdoor segment reported revenues of $5,576.3 million in Fiscal 2025, a slight increase of 1.4% from $5,501.4 million in Fiscal 2024, with a segment profit margin rising to 13.0%[267]. - The Active segment experienced a 12.1% revenue decline to $3,095.3 million in Fiscal 2025, with segment profit decreasing by 35.7% to $152.8 million[270]. - The Work segment's revenues decreased by 6.6% to $833.1 million in Fiscal 2025, but segment profit surged by 201.2% to $53.1 million[275]. - Global direct-to-consumer revenues for Outdoor increased by 6% in Fiscal 2025, primarily driven by The North Face brand[269]. - The North Face brand's global revenues increased by 1% in Fiscal 2025, with a notable 18% increase in the Asia-Pacific region[268]. - Vans brand global revenues decreased by 16% in Fiscal 2025, significantly impacted by a 16% decline in the Americas region[271]. - International revenues decreased by 2% in Fiscal 2025, with a 1% unfavorable impact from foreign currency; revenues in the Europe region decreased by 3% and in the Americas (non-U.S.) region by 7%[285]. - Direct-to-consumer revenues decreased by 6% in Fiscal 2025, with e-commerce revenues also down by 6% and retail store revenues down by 8%[287]. Financial Performance - Gross margin improved by 190 basis points to 53.5% in Fiscal 2025, driven by lower product costs and improved inventory quality[250][252]. - Earnings per share increased to $0.18 in Fiscal 2025, compared to a loss of $2.62 in Fiscal 2024, aided by lower impairment charges and improved profitability in the Outdoor and Work segments[251]. - Operating margin improved to 3.2% in Fiscal 2025 from a negative 1.5% in Fiscal 2024[256]. - Cash provided by operating activities decreased to $438.5 million in Fiscal 2025 from $884.7 million in Fiscal 2024[297]. - Cash provided by investing activities increased significantly to $1,432.5 million in Fiscal 2025, primarily due to proceeds from the sale of Supreme amounting to $1.506 billion[299]. - Cash used by financing activities increased to $2,146.0 million in Fiscal 2025, driven by a $1.0 billion prepayment of the DDTL and a $750.0 million early redemption of long-term debt[300]. - Cash dividends totaled $0.36 per share in Fiscal 2025, down from $0.78 in Fiscal 2024, with a dividend payout ratio of (74.5%) of diluted earnings per share[313]. - As of March 2025, VF had $2.5 billion remaining for future share repurchases under its authorization[302]. - VF's long-term debt ratings were 'BB' by S&P and 'Ba1' by Moody's, with a stable outlook[311]. - VF's total contractual obligations at the end of Fiscal 2025 amount to $8,234 million, with $2,899 million due in 2026[314]. - Long-term debt recorded is $3,996 million, with significant payments of $1,865 million due thereafter[314]. - Working capital increased to $1,088.2 million in March 2025 from $733.6 million in March 2024, and the current ratio improved to 1.4 from 1.2[289]. - VF had $429.4 million in cash and cash equivalents at the end of Fiscal 2025, indicating sufficient liquidity to meet obligations[319]. Impairment and Taxation - The company recorded goodwill and intangible asset impairment charges of $89.2 million in Fiscal 2025, primarily related to the Dickies and Icebreaker brands[254]. - The effective income tax rate was 52.2% in Fiscal 2025, a significant increase from (257.5%) in Fiscal 2024, with a net discrete tax expense of $19.4 million impacting the rate by 13.4%[258]. - Income from continuing operations in Fiscal 2025 was $69.3 million ($0.18 per diluted share), a recovery from a loss of ($1.0) billion (($2.62) per diluted share) in Fiscal 2024[259]. - VF recorded an impairment charge of $51.0 million for the Dickies indefinite-lived trademark intangible asset due to a downturn in financial results[357]. - VF recorded a goodwill impairment charge of $38.2 million related to the Icebreaker reporting unit for the year ended March 2025[358]. - VF has $531.0 million in valuation allowances against deferred tax assets, indicating potential uncertainty in realizing these assets[368]. - The realization of deferred tax assets is contingent on future taxable income, which is uncertain and may be affected by changes in tax laws[368]. - Future adjustments to income tax expense may occur if the realizable amount of deferred tax assets differs from the recorded amount[368]. Corporate Strategy and Initiatives - VF completed the sale of the Supreme brand for $1.506 billion on October 1, 2024, resulting in an after-tax loss of $126.6 million[240]. - The company initiated the Reinvent transformation program in October 2023, aiming for $500 million to $600 million in net operating income expansion by Fiscal 2028[244]. - Corporate and other expenses increased by $77.1 million in Fiscal 2025 compared to Fiscal 2024, primarily due to higher restructuring charges and project-related costs[284]. Risk Management - VF has exposure to foreign currency exchange rate risks, with approximately 55% of revenues generated internationally[326]. - A hypothetical 1% increase in interest rates would increase reported net income by approximately $3.2 million[325]. - VF's pension costs have fluctuated significantly, ranging from $12.1 million in March 2024 to $101.9 million in March 2023[323]. - VF evaluates potential impairment whenever events indicate that the carrying value of an asset may not be recoverable[343]. - Recent accounting standards have been adopted, details can be found in Note 1 of the consolidated financial statements[369]. - VF's market risks are discussed in the "Risk Management" section of the Annual Report[370].

The financial information in this document is reportedin Canadian dollars and is based onthe Bank's unaudited Interim ConsolidatedFinancial Statements prepared in accordance with International FinancialReporting Standards (IFRS) as issued by theInternational Accounting Standards Board(IASB), unless otherwise noted. Certain comparative amountshave been revised to conform with the presentationadopted in the current period. Reported results conform with generally acceptedaccounting principles (GAAP), in accord ...