Financial Performance - Q4 FY25 - Total revenues reached $176 billion, a 45% increase in local currency and 7% in USD[4] - Adjusted earnings per share (EPS) increased by 9% to $303, excluding business optimization impacts[6] - Adjusted operating margin increased by 10 bps to 151%, excluding business optimization impacts[7] Financial Performance - Full Year FY25 - Total revenues reached $697 billion, a 7% increase in both local currency and USD[13] - Adjusted earnings per share (EPS) increased by 8% to $1293, excluding business optimization impacts[13] - Adjusted operating margin increased by 10 bps to 156%, excluding business optimization impacts[14] - Free cash flow was $109 billion[15] Strategic Priorities & Growth Areas - Cloud revenue reached approximately $39 billion with 12% growth[17] - Industry X revenue reached $9 billion with 10% growth[17] - Security revenue reached $10 billion with 16% growth[17] - GenAI bookings almost doubled to $59 billion, and revenues tripled to $27 billion[22, 31] Returning Value to Shareholders - Dividends paid totaled $37 billion, or $592 per share, a 15% increase over the fiscal year 2024 quarterly dividend rate[15] - Share repurchases amounted to $46 billion[21] - The company plans to return at least $93 billion of cash to shareholders in FY26, a 12% or $1 billion increase compared to FY25[25] FY26 Outlook - Revenue growth in local currency is projected to be between 2% and 5%[23] - Adjusted earnings per share are expected to be between $1352 and $1390, a 5% to 8% increase over FY25[23]

Key Takeaways September 21, 2025 09:00 PM GMT Media & Entertainment | North America Tech Diffusion - What's New in Gen AI's Impact on the Entertainment Business? The pace of Gen AI investment and adoption in Entertainment is accelerating. We continue to see OWs NFLX, SPOT, META, and GOOGL as well positioned to benefit. Legal and talent complexities remain, with more litigations launched and the specter of expiring Hollywood labor contracts looming in 2026. This report follows our July 9th deep-dive as we co ...

Core Insights - The Capgemini Research Institute's World Payments Report 2026 indicates that banks are under pressure to modernize their merchant services due to competition from agile PayTechs, with low satisfaction levels among small (15%) and mid-sized merchants (22%) [2][3] - Despite the challenges, 66% of merchants still prefer traditional providers for financial services, presenting a significant opportunity for banks [2] Merchant Services and Competition - Banks have deprioritized merchant services, leading to a gap that PayTechs are filling, with 70% of merchants valuing high payment success rates and reliable infrastructure, while only 19% of banks feel confident in delivering these services [3][4] - The onboarding process for banks can take up to seven days and cost up to $496, whereas PayTechs can onboard merchants in under 60 minutes for as little as $214, highlighting inefficiencies in banks' processes [4][5] Innovation and Technology Adoption - PayTechs are outpacing banks in innovation, with 70% of PayTechs deploying payment orchestration compared to 47% of banks, and 60% of PayTechs adopting Generative AI versus 41% of banks [6][8] - Gaps in fraud prevention and payment processing are evident, with only 26% of bank executives confident in offering advanced fraud prevention, leading to merchants reporting losses of about 2% of total revenue to payment fraud [7][8] Market Trends and Projections - Global non-cash transactions are projected to reach 3.5 trillion by 2029, with significant growth in the Asia-Pacific region, which recorded nearly 800 billion digital transactions in 2024 [9][11] - Instant payments and digital wallets are gaining influence, rising from 13% in 2020 to 25% in 2024, while the share of cards is expected to decline from 65% to 52% during the same period [10] Opportunities for Banks - The rise in transaction volumes in e-commerce presents an opportunity for banks to deepen ties with merchants, leveraging their strong brand reputation (78%) and perceived stability (49%) compared to PayTechs [12][13] - Merchants are willing to switch back to traditional providers if banks can offer embedded, industry-specific value-added services, with eight in ten merchants considering switching if banks can match PayTech offerings at the same cost [13]

Key Insights on China's Bond Market and Economic Landscape - China's bond market has reached 192 trillion yuan by August 2025, making it the second largest globally, with efforts to enhance its global appeal and attract foreign investment [3][9] - The People's Bank of China (PBoC) is increasing the daily trading limit for Swap Connect market makers to 45 billion yuan and is planning to launch Yuan government bond futures in Hong Kong [3] - Currently, foreign investors hold only 2% of Chinese Yuan bonds, indicating significant room for growth in foreign participation [3] U.S. Political and Economic Developments - The White House budget office has instructed federal agencies to prepare for potential mass firings due to concerns over a government shutdown, which could impact the federal workforce [5][9] - Air Canada anticipates a financial hit of $270 million in operating income due to ongoing labor disruptions, highlighting challenges in the airline sector [10][9] Geopolitical Tensions - Increased military activity has been observed near Taiwan, with Chinese aircraft and naval vessels spotted, indicating ongoing geopolitical tensions in the region [6][9] - U.S. Vice President Vance noted President Trump's impatience with Russia regarding the Ukraine conflict, reflecting the complex geopolitical landscape [7] Economic Data and Market Trends - Australia's job vacancies fell by 2.7% quarter-over-quarter in August, reversing previous growth trends [11] - The U.S. housing market is experiencing a significant imbalance, with 35% more sellers than buyers in August, indicating a cooling market [12] Regulatory Changes Impacting Retail Trading - FINRA is set to drop the $25,000 minimum balance rule for frequent day trading, potentially lowering the threshold to $2,000, which will ease market access for smaller investors [13]

Wind Credit Service Co., Ltd., hereinafter referred to as Wind Credit, recently announced that its flagship product, Wind Enterprise Library, has successfully completed registration under the Shanghai Generative AI Service Registration Bulletin (September 11), published by the official WeChat account "Shanghai Cyberspace Administration". This recognition makes Wind Enterprise Library one of the first platforms in China's business information search sector to receive official generative AI service registrati ...

Core Insights - Intuit Inc. has made significant advancements with its Generative AI Operating System (GenOS) in the last 90 days, aiming to enhance agentic AI experiences across its platform and products, which could create financial opportunities for consumers, businesses, and accountants [1] Group 1: GenOS Capabilities - GenOS enables Intuit technologists to create practical agentic AI experiences that connect customers with AI agents and human experts, automating tasks and managing workflows [2] - New features and tools have been added to GenOS to streamline agent development, including custom-trained Financial Intuit LLMs that provide personalized experiences [3] - Initial results from Financial Intuit LLMs show a 5% improvement in accuracy and a 50% reduction in latency for certain accounting workflows compared to general-purpose LLMs, indicating potential cost reduction benefits [4] Group 2: Expert Integration and Developer Tools - GenOS now includes "expert-in-the-loop" capabilities that connect human experts to AI agents for comprehensive support [5] - Enhancements to the Agent Starter Kit with the GenOS Evaluation Service provide frameworks for monitoring agent performance, allowing developers to continuously improve AI agent experiences [6] Group 3: Future Plans and Market Performance - Intuit plans to introduce more AI agents and agentic AI experiences in the coming months, with some agents already in beta for payroll and project management [7] - In the past month, Intuit's shares have increased by 6.4%, outperforming the industry growth of 4.5% [8]

INDIA - 2023/12/08: In this photo illustration, the logo of OpenAI is seen displayed on a mobile phone screen with the Nvidia logo in the background. (Photo Illustration by Idrees Abbas/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesNvidia shares are up 29% this year and 1,124% since the beginning of 2023. The company’s $100 billion investment in OpenAI raised questions about whether that rally would continue, according to the New York Times.The most fundamental question i ...

About this content About Ian Lyall Ian Lyall, a seasoned journalist and editor, brings over three decades of experience to his role as Managing Editor at Proactive. Overseeing Proactive's editorial and broadcast operations across six offices on three continents, Ian is responsible for quality control, editorial policy, and content production. He directs the creation of 50,000 pieces of real-time news, feature articles, and filmed interviews annually. Prior to Proactive, Ian helped lead the business outpu ...

Some analysts say the company's investment in AI isn't panning out. ...

Key Takeaways IBM Software revenue growth is driven by hybrid cloud adoption and product innovation.Acquisitions like HashiCorp, StreamSets and webMethods strengthen IBM's cloud and AI platforms.IBM shares are up 23% in a year, with rising 2025 earnings estimates supporting momentum.Over the years, International Business Machines Corporation’s (IBM) Software segment has recorded healthy revenue growth backed by a strong focus on product innovation and a growing adoption of its hybrid cloud services. The Sof ...