Management is aggressively transitioning from labor-based delivery to labor-led services supported by a suite of proprietary GenAI platforms (AI XPLR, XT, AIX, and Ask Hackett). Performance in Global S&BT and Oracle segments was impacted by market confusion over emerging GenAI technologies and the company's own disruptive pivot toward AI-integrated offerings. The SAP Solutions segment saw 32% growth driven by strong software sales and successful S/4HANA cloud migrations, which management expects to su ...

公众号记得加星标⭐️，第一时间看推送不会错过。 如果你想涉足DRAM和闪存市场，最好做好承受过山车般波动的准备。因为这些行业的繁荣与萧条周 期，真可谓惊心动魄。 正当GenAI市场在2022年11月迎来ChatGPT主流化的关键时刻时，此前近三年受新冠疫情推动的个 人和数据中心基础设施建设热潮不仅没有消退，而且随着整个IT行业需求的萎缩，DRAM和闪存的价 格也下跌了一半甚至更多。内存和闪存厂商遭受重创，库存积压严重。 如今推动 GenAI 繁荣发展的超大规模数据中心运营商、云构建商和模型构建商可能都希望自己有时 光机，因为现在对 DRAM 和闪存的需求远远超过了供应，价格再次飙升至天价。 在DRAM方面，全球超过一半的服务器需要配备数百GB的HBM堆叠式内存，以满足数百万台服务器 的需求。为了制造八个高HBM3内存堆叠，每个最终能正常工作的堆叠都需要消耗三个DRAM芯片， 因为堆叠过程中经常会出现问题，而且无法将废弃堆叠中的内存拆解并重新利用。堆叠越高，获得正 常工作的堆叠就越困难，良率也越低，而且随着每一代新的HBM的出现，其固有的良率也在不断降 低。因此，尽管HBM需求旺盛，但它会消耗大量的芯片，而这些 ...

CNH Industrial (NYSE:CNH) Q4 2025 Earnings call February 17, 2026 09:00 AM ET Company ParticipantsAngel Castillo - Executive Director and Head of U.S. Machinery and Construction Equity ResearchDavid Raso - Senior Managing Director and PartnerGerrit Marx - CEOJason Omerza - VP of Investor RelationsJim Nickolas - CFOKristen Owen - Managing DirectorPeter Kalemkerian - Equity Research AssociateTami Zakaria - Executive DirectorConference Call ParticipantsDaniela Costa - Managing Director and Equity Research Anal ...

CNH Industrial (NYSE:CNH) Q4 2025 Earnings call February 17, 2026 09:00 AM ET Speaker7I will now turn the call over to Jason Omerza, Vice President of Investor Relations. Sir, please go ahead.Speaker4Thank you, Kristen, and good morning, everyone. We would like to welcome you to CNH's fourth quarter earnings presentation for the period ending December 31st, 2025. This live webcast is copyrighted by CNH, and any recording, transmission, or other use of any portion of it without the written consent of CNH is ...

Core Viewpoint - The human software sector is currently trading at 10-year lows in terms of multiples, indicating a significant market selloff that has broadly affected many companies, suggesting an exaggerated reduction in expected growth rates [1][5][12] Valuation Metrics - The sector is trading at an average of slightly above 10 times EBITDA, a stark contrast to the historical average of about 25 times, indicating strong support levels for depressed valuations [5] - The one-year forward PE ratio for the sector is currently at 17 times, projected to decrease to 14 times in 2027, aligning more closely with the broader equity market despite the sector's faster growth [5] Growth Expectations - Companies in Europe are expected to achieve around 10% revenue growth, but the market is pricing in a much lower growth rate for the future [6][12] - The anticipated growth for many companies in Europe remains healthy, with no downgrades expected through 2026, although acceleration in revenue growth is not evident [12] Company-Specific Insights - Companies with strong customer bases and data modes, such as SAP, are viewed as more insulated from market risks, despite not holding shares in these companies [3][9] - The integration level of software solutions, particularly ERP systems, makes it challenging for companies to switch providers, providing a competitive advantage to established players [7][9] Market Dynamics - The current market environment shows a lack of differentiation among software companies, creating potential investment opportunities in firms with low churn and high data modes [2][8] - The divergence in performance between hardware and software sectors is notable, with hardware companies like ASML reporting record earnings while software firms like SAP face investor disappointment due to slower growth in their cloud businesses [10][11]

DoubleVerify Holdings, Inc. (NYSE:DV) is one of the 10 undervalued growth stocks for the next 5 years. As of February 10, analyst opinions on DoubleVerify Holdings Inc. (NYSE:DV) are divided: around 52% of analysts covering the stock assign a Buy rating, 43% a Hold rating, and 5% a Sell rating. Despite these mixed views, the consensus 1-year median price target of $14.0 still implies a nearly 46% upside. Visa Inc. (V): "This Is Your Chance" To Buy, Says Jim Cramer Among the latest updates, Matthew Cost, ...

Intercorp Financial Services (NYSE:IFS) Q4 2025 Earnings call February 12, 2026 09:00 AM ET Company ParticipantsAlonso Aramburu - Associate PartnerCarlos Gomes - Managing DirectorCarlos Tori - CEODaniel Mora - Equity Research AssociateDaniela Miranda - Legal ManagerErnesto Gabilondo - DirectorGonzalo Basadre - CEOIvan Peill - Managing DirectorLuis Felipe Castellanos - CEOMichela Casassa - CFOConference Call ParticipantsYuri Fernandes - Equity Research AnalystOperatorThank you for standing by, and welcome to ...

Intercorp Financial Services (NYSE:IFS) Q4 2025 Earnings call February 12, 2026 09:00 AM ET Speaker10Thank you for standing by, and welcome to the IFS fourth quarter of 2025 conference call. The conference will begin in a few minutes. Pardon me. Good morning, and welcome to the Intercorp Financial Services fourth quarter of 2025 conference call. All lines have been placed on mute to prevent any background noise. Please be advised that today's conference call is being recorded. After the presentation, we wil ...

Achieved record net income of 1,900,000,000.0 in 2025, driven by a 49% year-over-year increase and a recovering core banking business. Performance was bolstered by a favorable Peruvian macro environment, including 3.3% GDP growth, a 10% appreciation of the sol, and stable inflation. Interbank's record results were supported by a disciplined decrease in cost of risk and an optimized funding structure, despite liquidity headwinds from pension fund withdrawals. The insurance segment, Interseguro, lever ...

Investors have just recovered from the shock of the software sell-off from earlier this month and are now weighing their options in a world where Artificial Intelligence is quite clearly going to disrupt many industries. On February 10, UBS also issued a warning about the Information Technology sector, advising investors to diversify away from it.The importance of this diversification was also stressed by Edison Byzyka, Chief Investment Officer at Credent Wealth Management. While talking to Schwab Network, ...