NEW YORK, May 9, 2025 /PRNewswire/ -- Kyndryl (NYSE: KD), a leading provider of mission-critical enterprise technology services, announced today a leadership rotation in some Delivery, Practice and Country roles.Xerxes Cooper will become Global Leader of Kyndryl Delivery, responsible for leading Kyndryl's delivery organization that provides mission-critical enterprise technology services to thousands of customers in more than 60 countries. Previously, Cooper was President of Kyndryl Strategic Markets where ...

SoundHound AI (SOUN) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Company Participants Scott Smith - Head of Investor RelationsKeyvan Mohajer - Co-Founder & CEONitesh Sharan - Chief Financial OfficerGil Luria - Head of Technology Research Conference Call Participants Leo Carpio - Equity Research AnalystVijay Dewar - AnalystScott Buck - Managing Director & Senior Technology Analyst Operator and thank you for standing by. Welcome to the Soundhound First Quarter twenty twenty five Earnings Conference Call. A ...

Financial Data and Key Metrics Changes - Q1 2025 revenue reached $58.3 million, a year-over-year increase of 120% [6][36] - Adjusted EBITDA for the quarter was $12.7 million, or 22% of revenue, reflecting a 236% year-over-year increase [6][36] - Net income for Q1 was $7.8 million, up from $1 million in the same period last year [37] - Cash at the end of Q1 was $56.6 million, an increase of $9.7 million from the previous quarter [6] Business Line Data and Key Metrics Changes - The company is focusing on generative AI training data, expanding capabilities in diverse expert domains and languages [7][8] - Significant traction with both existing and potential new customers, including major tech companies and a global healthcare leader [9][10][11] - Expansion opportunities identified with existing customers, with potential bookings exceeding $25 million from one major tech customer [12][16] Market Data and Key Metrics Changes - The company is experiencing strong demand from large tech companies, with significant investments in AI infrastructure from competitors like Microsoft and Meta [30][31] - The competitive landscape is characterized by a focus on generative AI, with major players committing substantial resources to AI development [29][30] Company Strategy and Development Direction - The company aims to embrace growth from both a broadening customer base and its largest customer, focusing on long-term relationships and strategic investments [32][34] - Plans to reinvest a significant portion of operating cash flow into product innovation and market expansion while maintaining adjusted EBITDA above 2024 results [35] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the current momentum and growth potential, highlighting a robust pipeline and expanding customer relationships [70][72] - The company reaffirmed its full-year revenue growth guidance of 40% or greater, despite potential quarter-to-quarter volatility [31][34] Other Important Information - The company has not drawn on its $30 million credit facility, indicating strong cash management [38] - Investments are planned to support new initiatives and customer needs, with a focus on technology and strategic hiring [39] Q&A Session Summary Question: Can you elaborate on the statement of work with your largest customer? - The new statement of work will allow the company to support a different division of the customer's generative AI spend, with expectations of a significantly higher budget [42][43] Question: How should we interpret the sequential revenue changes from this customer? - The company indicated that while Q1 revenue was up, Q2 may see a 5% decrease, but the new statement of work represents additional revenue potential [44][45] Question: What is the win rate for new opportunities? - The company noted that while win rates are hard to track, they have a high success rate in converting pilot projects into larger engagements [46][47] Question: Why maintain a 40% growth guidance despite new opportunities? - The company aims to be conservative in its guidance, acknowledging the dynamic nature of customer demand and the time it may take to convert new relationships into revenue [65][66]

Financial Data and Key Metrics Changes - Revenue for Q1 2025 was $29.1 million, representing a 151% increase year over year [5][28][33] - GAAP gross margin was 37%, down year over year, primarily due to the impact of recent acquisitions [34] - Non-GAAP gross margin was 51%, adjusted for noncash amortization and employee stock compensation [34] - Non-GAAP net loss was $22.3 million, with a loss per share of 6 cents [39] Business Line Data and Key Metrics Changes - The number of active restaurants using Voice AI ordering solutions reached nearly 13,000 locations, handling approximately 10 million interactions per quarter [30][31] - The company activated over 1,000 new live restaurant locations in a single quarter, a tenfold increase compared to the previous year [29] - The automotive sector saw a relative softness this quarter due to macroeconomic uncertainties, but the company remains optimistic about future contributions from this vertical [46][48] Market Data and Key Metrics Changes - The company is experiencing balanced contributions across various industries, including automotive, restaurants, financial services, healthcare, and hospitality [45] - The automotive business, which previously comprised 80% of the company's revenue mix, is now a low double-digit percentage, indicating diversification [48] - The company is seeing strong momentum in the restaurant sector, with significant penetration in pizza and drive-thru operations [49] Company Strategy and Development Direction - The company is focused on leveraging its AI technology to drive innovation and efficiency across various sectors, including voice commerce and agentic AI [10][12][23] - The recent acquisitions are expected to enhance the company's capabilities and market position, particularly in the restaurant and automotive sectors [6][35] - The company aims to achieve adjusted EBITDA profitability by the end of 2025, with a commitment to disciplined cost management [41] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of AI momentum and business traction despite macroeconomic volatility [40][41] - The company is optimistic about the growth potential in voice commerce and the expansion of its serviceable markets [33][40] - Management noted that the trends in AI and voice technology are creating favorable conditions for business growth [26][41] Other Important Information - The company has a strong pipeline of new OEMs and is optimistic about the voice commerce solution's potential [34][39] - The company is actively working on improving retention rates and customer success following the acquisition of Amelia [72] Q&A Session Summary Question: How should the company think about the levels of business from different verticals? - The company has seen balanced contributions across industries, with optimism about growth in both automotive and restaurant sectors [45][46] Question: How mature are the AgenTic solutions being deployed? - The company has been developing agentic behavior for over ten years, and the solutions are now live and in production [55][56] Question: Could economic uncertainty impact the restaurant business? - The company believes that both good and challenging economic conditions drive interest in their technology for efficiency gains [61][62] Question: Have there been changes in the competitive landscape? - The company has seen more players enter the market but maintains a mature state in technology and customer integration [64][65] Question: How should investors model gross margin for the rest of the year? - The company expects gross margin improvements as it digests acquisitions and shifts its business mix [67][68] Question: What are the retention rates within Amelia? - The company is working to improve retention rates and has seen a pathway to strengthen gross retention and net retention [71][72]

Financial Data and Key Metrics Changes - Revenue for Q1 2025 reached $58.3 million, representing a year-over-year increase of 120% [5][36] - Adjusted EBITDA for the quarter was $12.7 million, or 22% of revenue, a 236% year-over-year increase [5][36] - Net income was $7.8 million in Q1 2025, up from $1 million in the same period last year [37] - Adjusted gross margin was 43% for the quarter, up from 41% in Q1 of last year [36] Business Line Data and Key Metrics Changes - The company is focused on generative AI training data, expanding capabilities in expert domains and languages [6][7] - Significant progress in onboarding new customers and expanding existing accounts, particularly in the tech sector [11][16] - Major expansion opportunities identified with existing customers, including potential bookings exceeding $25 million from one customer [12][16] Market Data and Key Metrics Changes - The company is gaining traction with large tech customers, with several budgeting hundreds of millions for generative AI data and model evaluation [16][30] - The competitive landscape includes significant investments from major tech companies, indicating a robust market for AI solutions [30][31] Company Strategy and Development Direction - The company aims to embrace growth from both broadening customer relationships and its largest customer [32][34] - Investments are being made in product innovation, market expansion, and talent acquisition to capture long-term value [35][39] - The focus is on building agentic AI solutions and enhancing trust and safety evaluations for generative AI applications [18][22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's growth trajectory, citing strong customer engagement and expanding opportunities [31][72] - The company reaffirmed its full-year revenue growth guidance of 40% or greater, despite potential quarter-to-quarter volatility [31][34] - Management emphasized the importance of building trust with customers to facilitate long-term relationships and revenue growth [46][58] Other Important Information - The company has not drawn on its $30 million credit facility, indicating strong cash management [36][38] - A new statement of work with the largest customer is expected to significantly increase revenue potential [42][43] Q&A Session Summary Question: Can you walk through the statement of work with your largest customer? - The new statement of work will enable the company to support a different area of the customer's generative AI spend, which is expected to have a significantly higher budget [42][43] Question: What is the expected impact of the largest customer being down 5%? - The anticipated decrease is separate from the new statement of work, which represents additional revenue potential [44][45] Question: What is the win rate for new customer opportunities? - The company focuses on building trust and executing well, leading to a high win rate for projects that move forward [46][48] Question: How does the company view its growth guidance? - The company maintains a conservative growth estimate to avoid overpromising, especially with new customer relationships [63][66]

Integration with NVIDIA AI Enterprise adds new capabilities to accelerate the adoption of production agentic workloads in the enterpriseWASHINGTON, May 07, 2025 (GLOBE NEWSWIRE) -- .NEXT Conference -- Nutanix (NASDAQ: NTNX), a leader in hybrid multicloud computing, today announced the general availability of the latest version of the Nutanix Enterprise AI (NAI) solution, adding deeper integration with NVIDIA AI Enterprise, including NVIDIA NIM microservices and the NVIDIA NeMo framework, to speed the deploy ...

2025.05. 07 本文字数：681，阅读时长大约2分钟 ServiceNow预计，2026年该公司将获得10亿美元的企业级AI业务订单，是目前业务规模的4倍。 对此，黄仁勋表示："这将是首个10亿美元，背后是一个万亿美元的市场，企业构建人工智能的方式 将会因为智能体AI（Agentic AI）的出现产生颠覆性的变化。" 黄仁勋还回应了近期英伟达宣布的55亿美元的巨额减记。他表示："中国是人工智能非常大的市场， 未来两三年的市场规模可能会达到500亿美元。作为一家美国公司，如果不能为中国市场提供服务， 那将是一个巨大的损失。"他还称，无论政策如何，企业都应该保持灵活。 微信编辑 | 小羊 推荐阅读 作者 | 第一财经 钱童心 当地时间5月6日，英伟达CEO黄仁勋在美国拉斯维加斯参加ServiceNow公司的全球科技峰会 Knowledge大会。当天，英伟达与ServiceNow联合推出了面向企业级AI智能体（AI agent）的新服 务。 黄仁勋谈及人工智能的潜力和英伟达最新发布的推理大模型，并再次强调了中国是人工智能的重要市 场。 "人工智能的市场潜力是巨大的，现在企业级AI市场才刚刚开始，这是一个全新 ...

System1 (SST) Q1 2025 Earnings Call May 06, 2025 05:00 PM ET Company Participants Kyle Ostgaard - Vice President of FinanceMichael Blend - Co-Founder and CEOTridivesh Kidambi - CFODaniel Kurnos - Managing Director, Internet & Media Equity Research Conference Call Participants Tom Forte - Managing Director & Senior Consumer Internet Analyst Kyle Ostgaard Thank you for standing by, and welcome to the first quarter twenty twenty five earnings conference call for SystemOne. Joining me today to discuss SystemOne ...

Forrester Research (FORR) Q1 2025 Earnings Call May 06, 2025 04:30 PM ET Company Participants Edward Morris - VP - Corporate Development & Investor RelationsGeorge Colony - Founder, Chairman & CEOChris Finn - CFONate Swan - Chief Sales OfficerCarrie Johnson - Chief Product OfficerVincent Colicchio - Managing Director Conference Call Participants Andrew Nicholas - Equity Research AnalystAnja Soderstrom - Senior Equity Research Analyst Operator Good afternoon and thank you for standing by. Welcome to Forrest ...

System1 (SST) Q1 2025 Earnings Call May 06, 2025 05:00 PM ET Speaker0 Thank you for standing by, and welcome to the first quarter twenty twenty five earnings conference call for SystemOne. Joining me today to discuss SystemOne's business and financial results are Co Founder and Chief Executive Officer, Michael Blend and Chief Financial Officer, Trudhavish Kadambi. A recording of this conference call will be available on our Investor Relations website shortly after this call has ended. I'd like to take this ...