RT Bloomberg New Economy (@BBGNewEconomy)NOW: The @BBGNewEconomyForum continues with @RishiSunak, @Nasdaq @adenatfriedman, @nubank's David Vélez, @FedEx's Raj Subramaniam, @PwC's Mohamed Kande, @PIMCO's John Studzinski, and more.https://t.co/cbEQ6TbXcO ...

PwC’s Global AI Jobs Barometer is not the first to declare huge salary premiums from AI skills. Last year, AWS released a survey of 1,340 U.S. employers which showed that employers would be willing to pay up to 47% for Gen AI skilled workers.Read more: https://t.co/IwzzLeLXel https://t.co/VYDswQoMhw ...

RT Bloomberg New Economy (@BBGNewEconomy)Uncertainty defines 2025. #BloombergNewEconomy is built to meet it — convening leaders to tackle the toughest challenges to global prosperity and turn dialogue into solutions.Presenting Partner @PwC. https://t.co/2T7Qg43jlf https://t.co/fSyWPAsOlp ...

Core Insights - Keily Blair, the CEO of OnlyFans, emphasizes the elimination of middle management to maintain a lean organizational structure [1][3] - The company operates with only 42 employees, allowing for a more streamlined approach to hiring and project management [2] - OnlyFans generates $7 billion in gross revenue and $1.41 billion in net revenue annually, resulting in approximately $37 million in revenue per employee [4] Hiring Strategy - The company prioritizes hiring very senior or very junior talent, focusing on attitude and aptitude rather than experience [5][6] - Each hire is considered crucial, as it significantly impacts the company's operating expense leverage [4][5] - Candidates must demonstrate a strong belief in the company's mission and articulate it effectively during the hiring process [7]

Core Insights - Approximately 150 employees in areas such as marketing, human resources, and operations were impacted due to a reorganization effort [1] Group 1 - The reorganization affected employees across multiple departments, indicating a strategic shift within the company [1]

Core Insights - Advocate Health, the third-largest not-for-profit health care organization in the U.S., has successfully implemented Workday's AI-powered platform for Human Capital Management, Financial Management, and Supply Chain Management, marking a significant step in its digital transformation [1][2][3] Group 1: Digital Transformation and Operational Efficiency - The merger of Advocate Aurora Health and Atrium Health in 2022 led to the formation of Advocate Health, which aims to streamline operations for its 160,000 employees across over 60 hospitals and 1,000 care sites in six states [2] - Workday, in partnership with PwC, was chosen to provide a unified platform that connects HR, finance, and procurement data, enhancing operational efficiency [2][3] - The implementation of Workday's platform allows Advocate Health to centralize its HR, finance, and supply chain data, improving decision-making and care delivery [3][5] Group 2: Employee Experience and Patient Care - Workday HCM simplifies daily tasks for employees, enabling them to manage time-off requests, approve schedules, and check pay via mobile devices, thus allowing more focus on patient care [4] - Workday Financial Management offers a real-time view of financial data, facilitating faster book closing and smarter decision-making [5] - The integration of AI-powered automation in Workday SCM enhances inventory tracking and expense processing, ensuring that resources are efficiently allocated to caregivers and patients [5][6] Group 3: Strategic Partnerships and Future Outlook - Advocate Health views Workday as a trusted partner in navigating the changing healthcare landscape and enhancing operational capabilities [3][6] - The collaboration with PwC and Workday demonstrates how digital transformation can yield immediate value in healthcare, improving both employee experience and patient care quality [6]

Core Insights - Oracle has been recognized as a Leader in both the 2025 Gartner Magic Quadrant for Cloud ERP for Service-Centric and Product-Centric Enterprises, maintaining its position since the inception of these reports, highlighting its "Ability to Execute" and "Completeness of Vision" for Oracle Fusion Cloud ERP [1][2] Group 1: AI-Driven Finance - Oracle Cloud ERP is positioned as a pioneer in agentic finance, integrating intelligent agents that enhance performance beyond mere process automation, enabling organizations to make smarter decisions and operate with greater precision [2][4] - The platform features embedded AI agents that facilitate touchless operations and real-time predictive insights, allowing finance teams to become strategic drivers of business value [2][4] Group 2: Unified Platform and Client Success - Oracle Cloud ERP is built on Oracle Cloud Infrastructure (OCI), unifying finance, HR, supply chain, and analytics processes into a single intelligent platform, which eliminates data silos and streamlines workflows [4] - Notable clients such as Hearst, Black & Veatch, and PwC have reported significant improvements in efficiency and decision-making by standardizing their operations on Oracle Cloud ERP [3][4] Group 3: Comprehensive Capabilities - Over 11,000 organizations utilize Oracle Cloud ERP applications, benefiting from a wide range of enterprise finance and operations capabilities, including dedicated AI agents and generative AI functionalities [5]

RT Bloomberg New Economy (@BBGNewEconomy)The #BloombergNewEconomy Forum welcomes Global Chairman of @PwC Mohamed Kande to the 2025 program in Singapore.Learn more here: https://t.co/2T7Qg43RaN https://t.co/Ibf0OEoLJY ...

Core Insights - A recent PwC survey indicates that debit cards are the most preferred payment method for holiday spending at 55%, followed closely by credit cards at 52% and cash at 48% [1] Payment Methods - **Debit Cards**: Most favored payment method among consumers, with 55% preference [1] - **Credit Cards**: Preferred by 52% of respondents; experts advise using them only if the balance can be paid off in full to avoid overspending [5][6] - **Cash**: Chosen by 48% of shoppers; while traditional, it may not offer the same consumer protections as cards [1] - **Gift Cards/Prepaid Cards**: Preferred by 27%; they can help curb spending but may lose value over time due to fees [4] - **PayPal**: Also preferred by 27%; offers convenience for online transactions [1] - **Loyalty Points/Rewards**: Least preferred at 17%; can provide additional value but are not a primary payment method [1] Expert Recommendations - **Gift Cards**: Offer security and consumer protection but can expire or incur fees; tracking balances is recommended [4] - **Credit Card Usage**: Consumers should track spending to avoid exceeding budgets; credit cards provide expanded liability coverage and rewards [5][6]

Financial Data and Key Metrics Changes - Microsoft reported revenue of $77.7 billion, an increase of 18% year over year, and 17% in constant currency [21] - Gross margin dollars increased by 18%, while operating income rose by 24% [21][22] - Earnings per share reached $4.13, up 23% year over year [22] - Operating expenses increased by 5%, driven by investments in cloud and AI engineering [22][23] - Cash flow from operations was $45.1 billion, up 32% [24] Business Line Data and Key Metrics Changes - Microsoft Cloud revenue was $49.1 billion, growing 26% year over year [25] - Productivity and Business Processes revenue was $33 billion, growing 17% [26] - Dynamics 365 revenue increased by 18% [27] - Intelligent Cloud segment revenue was $30.9 billion, growing 28% [28] - More Personal Computing revenue was $13.8 billion, growing 4% [29] Market Data and Key Metrics Changes - Commercial bookings increased by 112%, significantly ahead of expectations [24] - Commercial remaining performance obligation (RPO) increased to $392 billion, up 51% year over year [25] - Microsoft Cloud gross margin percentage was slightly better than expected at 68% [25] Company Strategy and Development Direction - The company is focusing on building a planet-scale cloud and AI factory, maximizing efficiency and capacity [5][7] - Investments in AI and cloud infrastructure are prioritized to meet growing demand [19][21] - The partnership with OpenAI is seen as a significant milestone, enhancing Microsoft's AI capabilities [6][21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ongoing demand for AI and cloud services, indicating that demand signals are accelerating [36] - The company expects revenue growth of 14% to 16% for Q2, with a focus on maintaining operational efficiency [30][31] - Management highlighted the importance of creating real-world value through AI solutions [46][48] Other Important Information - The company is increasing its capital expenditures to support growing demand for cloud and AI offerings, with total CapEx at $34.9 billion [23] - The company has a comprehensive digital sovereignty platform, with Azure customers in 33 countries [8] Q&A Session Summary Question: Concerns about stock performance despite strong results - Management acknowledged the strong commercial bookings growth but noted that market perception may not fully reflect the company's performance [38][40] Question: Concentration risk in large contracts - Management reassured that the RPO covers numerous products and customers of all sizes, indicating a broad base of demand [45][46] Question: Confidence in monetizing investments in AI - Management expressed high confidence in the ability to monetize AI investments, citing strong demand signals and a growing book of business [52][55] Question: Clarification on OpenAI investment losses - Management clarified that the increased loss in other income was due to OpenAI's losses under the debt equity method, with no impact from the new agreement [64] Question: Evaluating large contractual commitments from AI natives - Management emphasized the importance of building a fungible asset base and maintaining a balanced customer portfolio to mitigate concentration risk [67][69]