(1)SaaS Subscription Revenue of $36.6 million, exceeding guidance Achieved record new business bookings Continued strength across Gen AI and Commerce offerings, from new and existing customers Coveo reports in U.S. dollars and in accordance with International Financial Reporting Standards ("IFRS") MONTREAL and SAN FRANCISCO, Jan. 29, 2026 /PRNewswire/ - Coveo (TSX: CVO), the leader in AI- Relevance, delivering best-in-class search and generative experiences, today announced financial results for its third q ...

Apple has acquired Q.ai, an Israeli startup focused on artificial intelligence technology for audio, the Financial Times reported on Thursday (Jan. 29), as the company prepares to report fiscal fourth-quarter results later Thursday amid growing scrutiny of its AI strategy.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to ...

Core Viewpoint - Apple stock (NASDAQ:AAPL) has a strong history of rapid growth, with significant increases observed in multiple years, suggesting potential for future gains driven by upcoming catalysts [1][3]. Group 1: Historical Performance - Apple stock has experienced above 30% increases in under two months during years such as 2010, 2019, and 2024, with gains surpassing 50% in 2012 and 2020 [1]. - Historical trends indicate that forthcoming catalysts may elevate Apple shares to new significant peaks, benefiting investors who recognize these momentum opportunities [1]. Group 2: Identified Catalysts - Catalyst 1: Generative AI-Driven iPhone Refresh Cycle, expected to drive unit sales growth and higher Average Selling Prices (ASPs) for Pro models, with a potential timeline extending to late 2026 [4][9]. - Catalyst 2: Services Margin Accretion and Profit Engine, with services gross margin consistently around 75% and sustained double-digit growth in high-margin services revenue, anticipated to be discussed in the next earnings call [5][9]. - Catalyst 3: Vision Pro 2 Launch, which is expected to ignite the spatial computing ecosystem, with credible reports of a Spring 2026 release featuring next-gen M-series chip [5][9]. Group 3: Financial Metrics - Revenue growth for Apple is reported at 6.0% for the last twelve months (LTM) and 1.8% for the last three-year average [10]. - The company has a free cash flow margin of nearly 23.5% and an operating margin of 31.9% for LTM [10]. - Apple stock currently trades at a P/E ratio of 38.5, indicating its valuation in the market [10].

Core Insights - Walmart Inc. and Target Corporation are major players in U.S. big-box retail, each utilizing extensive store networks and omnichannel strategies to attract diverse consumer spending [1] - Walmart, with a market cap of approximately $929.4 billion, relies on its everyday low-price model and diversified revenue streams, while Target, valued at around $46.2 billion, focuses on design-led products and private-label offerings [2] Group 1: Walmart's Positioning - Walmart's business model emphasizes consistent execution and investment, appealing to value-conscious consumers amid selective discretionary spending [4] - E-commerce is a significant growth driver for Walmart, with enhancements in delivery options and the integration of AI tools to improve customer engagement and operational efficiency [5][6] - The company is focusing on higher-margin businesses, such as Walmart Connect and membership programs, to stabilize revenues and offset challenges like rising labor costs [6][7] Group 2: Target's Transformation - Target is undergoing a multi-year transformation aimed at enhancing its product offerings and shopping experience, with a focus on digital engagement and convenience services [8][10] - The retailer is investing in technology and analytics to improve demand forecasting and inventory management, although it faces challenges in recovering demand due to macroeconomic pressures [11][12] - Despite operational improvements, Target anticipates low-single-digit declines in sales and comparable sales for the upcoming fiscal quarter, indicating a cautious outlook [12] Group 3: Financial Performance and Estimates - The Zacks Consensus Estimate for Walmart indicates year-over-year growth of 4.5% in sales and 4.8% in EPS for the current fiscal year, with positive revisions for the next fiscal year [13] - In contrast, Target's estimates suggest declines of 1.6% in sales and 17.6% in EPS for the current fiscal year, but a potential recovery with increases of 2.3% and 5.9% in the next fiscal year [16] - Over the past year, Walmart's stock has increased by 17.9%, while Target's has decreased by 27.6%, highlighting a significant divergence in performance [18] Group 4: Valuation and Investment Outlook - Walmart's forward P/E ratio of 39.46 reflects a premium valuation due to its scale and defensive profile, while Target's forward P/E of 13.17 suggests modest expectations amid ongoing concerns [20] - Currently, Walmart is viewed as a more favorable investment due to its resilient positioning and diversified growth strategies, while Target is still navigating a recovery phase [21]

Caterpillar (NYSE:CAT) Q4 2025 Earnings call January 29, 2026 08:30 AM ET Speaker2Welcome to the fourth quarter 2025 Caterpillar Earnings Conference Call. Please be advised that today's conference is being recorded. I would now like to hand the conference over to our speaker today, Alex Kapper. Thank you. Please go ahead.Speaker0Thank you, Audra. Good morning, everyone, and welcome to Caterpillar's fourth quarter 2025 earnings call. I'm Alex Kapper, Vice President of Investor Relations. Joining me today are ...

The Dow Jones Industrial Average (^DJI) was up 12.19 points (0.0249%) today, reaching 49015.60, as the broader market reacted to a combination of a steady Federal Reserve policy and a mixed bag of corporate earnings reports. The Federal Reserve maintained interest rates as anticipated, following three 25-basis-point increases in the latter half of 2025, with Chair Jerome Powell noting an "improved" economic outlook and a stabilized labor market. This monetary policy stability provided a backdrop for individ ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

Core Insights - IBM exceeded earnings expectations with Q4 revenue of $19.69 billion, a 12.1% increase year-over-year, and EPS of $4.52, up 5.4% from expectations [2] - The company's AI strategy is proving effective, with its generative AI business reaching $12.5 billion, more than doubling from the previous year [2][8] - IBM's Software division grew by 14% to $9 billion in Q4, driven by Red Hat and the WatsonX AI platform, while Infrastructure revenue surged 21% to $5.1 billion [2] Financial Performance - IBM's pre-tax margin (Non-GAAP) was 24.1%, slightly down from 24.3% last year, indicating robust profitability [5] - Free cash flow reached $14.7 billion in 2025, with an expected increase to approximately $15.7 billion in 2026 [5] - Revenue growth for 2026 is projected to be "more than 5%", slightly above analyst consensus of 4.6% [6] Strategic Moves - IBM acquired Confluent for $11 billion in December 2025 to enhance its capabilities in integrating real-time streaming data into AI models [7] - The acquisition positions IBM for a transition from "chatbot AI" to "agentic AI," focusing on self-operating AI agents [7] Market Positioning - IBM's model of charging businesses for AI implementation leads to lower risks and higher margins compared to competitors like Meta and Microsoft, which are heavily investing in infrastructure [4] - The market rewarded IBM for demonstrating valid evidence of AI monetization through consulting income rather than deferred commitments [8] Valuation Considerations - IBM's P/E ratio stands at approximately 27.5x, which is considered high given its growth profile and free cash flow generation [9] - Current stock price of $315 reflects significant optimism about future cash flow growth, although it may be seen as expensive compared to competitors [9] Competitive Landscape - IBM is positioned as a leader in enterprise production AI, focusing on secure and regulatory-compliant AI solutions for banks, manufacturers, and governments [11] - Competition exists from Microsoft Copilot, Amazon Bedrock, and Google Gemini in the enterprise AI sector [13]

Core Insights - Lloyds Banking Group reported a strong financial performance for 2025, with net income of GBP 18.3 billion, a 7% increase from 2024, and statutory profit after tax of GBP 4.8 billion, resulting in a return on tangible equity (RoTE) of 12.9% [3][7][18] - The company announced a 15% increase in its ordinary dividend and a share buyback of up to GBP 1.75 billion, bringing total shareholder distributions for the year to up to GBP 3.9 billion, approximately 6% of its market capitalization [1][4][7] - Lloyds upgraded its 2026 targets, expecting to achieve a RoTE greater than 16% and net interest income (NII) of around GBP 14.9 billion, supported by balance sheet growth and margin expansion [6][18] Financial Performance - The group reported a tangible net asset value per share of 57 pence, an increase of 4.6 pence in 2025 [2] - Operating costs for 2025 were GBP 9.76 billion, reflecting a 3% year-on-year increase, with a cost-income ratio of 58.6% [5][15] - NII for 2025 was GBP 13.6 billion, up 6%, with a net interest margin of 3.06%, an increase of 11 basis points [10][18] Strategic Initiatives - Lloyds generated GBP 1.4 billion of additional revenues from strategic initiatives and upgraded its 2026 target for other operating income (OOI) to around GBP 2 billion [13] - The company integrated the acquisition of Schroders Personal Wealth, expected to contribute around GBP 175 million of incremental income in 2026 [14] - The digital and AI program is expected to deliver over GBP 100 million of P&L benefit in 2026, with 50 generative AI use cases scaled into production in 2025 [17] Balance Sheet and Growth - Lending balances grew to GBP 481 billion, a 5% increase, while total deposits rose to GBP 496.5 billion, up 3% [6][9] - The structural hedge notional stood at GBP 244 billion at year-end, with hedge income expected to rise from GBP 5.5 billion in 2025 to around GBP 7 billion in 2026 [11][12] - The company expects an asset quality ratio around 25 basis points in 2026, with a 2025 impairment charge of GBP 795 million [18] Capital Management - Capital generation in 2025 was 147 basis points, with a year-end CET1 ratio of 13.2% [19] - Lloyds reiterated its target of around 13% CET1 by the end of 2026 and plans to consider excess capital distributions every half year [19]

Smart glasses are moving out of niche territory. An increasing application set, owing to generative AI, and a broader range of product and price-points are driving outsized demand. Our base case sees the market reaching annual volumes of 78m units by 2030E and an installed base of 227m. That represents an estimated 3.8% penetration of the global smartphone user base by 2030, and we see material upside based on comparable products such as smart watches (c.11% Apple Watch penetration of iPhones 6 years post l ...