Summary of SS&C Technologies FY Conference Call Company Overview - **Company**: SS&C Technologies (NasdaqGS:SSNC) - **Date of Conference**: November 18, 2025 Key Points Industry and Business Performance - SS&C Technologies reported strong Q3 results with over 9% revenue growth in both its Global Business and Global Investor and Distribution Solutions (GIG) segments, which together account for over 50% of total revenue [2][3] - The company experienced margin expansion due to cost efficiency and a significant push towards AI and automation, allowing revenue growth without a proportional increase in expenses [2] Growth Opportunities - **GlobalOps**: The largest alternative fund administrator globally, showing a growth rate of 9.6% in Q3, driven by strong performance from hedge fund clients and consistent double-digit growth in private markets [3][4] - **Retail Alternatives**: This segment is the fastest-growing, with growth exceeding 20%, indicating a strong demand for alternative investments among high-net-worth individuals [4] - **Wealth and Investment Technologies (WIT)**: The WIT business, housing financial services software, is expected to grow mid-single digits, with significant contributions from the Black Diamond Wealth platform, which has successfully migrated over 400 clients from Morningstar [11][12][13] AI and Automation Initiatives - SS&C is focusing on intelligent automation and analytics, with successful implementations in healthcare, such as an AI agent that saves 15,000 radiologist hours annually [29] - The company is leveraging its own AI capabilities to enhance client services and improve operational efficiencies, which is expected to drive further growth [36][32] International Expansion - SS&C has seen significant international growth, particularly in Australia, Europe, and the Middle East, with acquisitions like Kiro Fund Services enhancing its local presence [26][27] - The Calastone acquisition is expected to strengthen SS&C's global network and facilitate electronic processes in investment management, enhancing cross-sell opportunities [20][21] Capital Allocation and Acquisitions - The company maintains strong cash flow and is actively looking for acquisitions that align with its growth strategy, focusing on revenue growth and margin improvement [42][43] - SS&C has a share buyback program in place, indicating confidence in its stock valuation [42] Market Position and Competitive Advantage - SS&C's unique offering of both fund accounting and transfer agency services positions it favorably in the market, particularly as demand for alternative investments grows [4][5] - The company emphasizes the importance of integrating complex systems and ensuring data security, which are critical in maintaining client trust and competitive advantage [32][33] Conclusion - SS&C Technologies is well-positioned for continued growth through its diverse service offerings, strong performance in key segments, and strategic focus on AI and automation. The company is also expanding its international footprint and actively pursuing acquisition opportunities to enhance its market position.

Aptiv Strategic Overview - Aptiv 的汽车总潜在市场 (TAM) 呈现不同的增长机会，智能系统 (IS) 的复合年增长率为 7%，到 2030 年预计约为 1450 亿美元[12] - 工程组件 (EC) 的复合年增长率为 4%，到 2030 年预计约为 400 亿美元[12] - 电气分配系统 (EDS) 的复合年增长率为 3%，到 2030 年预计约为 750 亿美元[12] - 新 Aptiv 预计 2025 年收入为 124 亿美元，到 2028 年将达到 140 亿至 150 亿美元，调整后的 EBITDA 利润率为 19%，到 2028 年将达到约 21%，2026 年至 2028 年的累计自由现金流约为 40 亿美元[16] - 电气分配系统 (EDS) 预计 2025 年收入为 86 亿美元，到 2028 年将达到约 100 亿美元，EBITDA 利润率为 10%，到 2028 年将达到约 12%，2026 年至 2028 年的累计自由现金流约为 10 亿美元[17] Intelligent Systems - 智能系统 (IS) 2025 年预计收入为 58 亿美元，其中软件收入为 6 亿美元，目标 EBITDA 利润率到 2028 年约为 165%[99] - 智能系统 (IS) 的目标是 2025 年至 2028 年的收入增长率为 4-7%[170] Engineered Components - 工程组件 (EC) 2025 年预计收入为 67 亿美元，其中非汽车收入约为 17 亿美元，目标 EBITDA 利润率到 2028 年约为 24%[176] - 工程组件 (EC) 的目标是 2025 年至 2028 年的收入增长率为 4-7%[253] Aptiv Financials - Aptiv 预计 2025 年收入为 203 亿美元，调整后的 EBITDA 为 32 亿美元，调整后的每股收益为 770 美元[258] - 新 Aptiv 的目标是 2025 年至 2028 年的收入增长率为 4-7%，EBITDA 利润率累计扩张约 200 个基点，累计自由现金流约为 40 亿美元[309] Electrical Distribution Systems - 电气分配系统 (EDS) 2025 年预计收入为 86 亿美元，其中超过 75% 的收入来自受 EDS 影响的 E/E 架构，45% 的收入来自全球前 25 大汽车平台的 21 个[315] - 电气分配系统 (EDS) 的目标是 2025 年至 2028 年的收入增长率为 3-4%，EBITDA 利润率扩张 200 个基点[370]

Financial Performance & Targets - ABB's comparable revenue growth target is 5%-7% on average through the economic cycle[85] - The company aims for an Operational EBITA margin between 18%-22%[85] - ABB targets a ROCE (Return on Capital Employed) of greater than 20% annually[85] - The company aims for a Free Cash Flow (FCF) conversion to net income of over 95% annually[85] - ABB aims for at least high single-digit EPS (Earnings Per Share) growth through the economic cycle[85] Sustainability Goals - ABB aims to reduce its own scope 1 and 2 CO₂e emissions by 80% by 2030, from a 2019 baseline[16] - The company aims to reduce scope 3 CO₂e emissions by 25% by 2030, from a 2022 baseline[16] - ABB aims to cover at least 80% of its product portfolio with a Circularity Approach by 2030[17] - The company aims to send zero waste to landfill while reducing waste generation by 2030, from a 2019 baseline[17, 18] Market Dynamics - Global electricity demand is expected to outpace energy demand, with a CAGR of 30% from 2024-2035, compared to 13% for energy demand[60, 61]

Core Insights - VIQ Solutions Inc. is enhancing its NetScribe™ platform with the introduction of the NetScribe Advanced Formatter to improve court documentation workflows, addressing staffing and workload challenges in court systems nationwide [1][5]. Company Developments - The integration of NetScribe and the Advanced Formatter is enabling organizations to modernize documentation workflows, with a focus on supporting court systems adapting to evolving demands [2]. - VIQ Solutions has issued stock options and restricted share units (RSUs) covering a total of 2,350,000 common shares, including 1,400,000 RSUs granted to certain officers and directors, with vesting criteria based on share price and gross margin [2]. Industry Impact - Courts facing labor shortages and backlogs can utilize NetScribe's automation and AI-assisted transcription to improve turnaround times, achieving up to a 30% efficiency improvement in editing after six weeks [5]. - A major Midwest court system is experiencing faster transcript completion, saving over 60 minutes per document, allowing staff to focus on higher-value tasks [5]. - VIQ Solutions' recent upsized private placement highlights its commitment to innovation and transforming the technological landscape of the court industry [5].

So the money. Why do you need Eric. Oh, my gosh.Well, a couple of things. First, thank you so much for having me today and was a joy. We were incredibly excited to raise the sons for a couple of reasons.First, the business is growing even faster at scale ramps customer base. And the revenue we're doing has more than doubled over the past year. And we find the times we're living in right now the opportunity to invest in bringing A.I. to businesses around the world to automate expense reports, make it easier ...

Core Insights - Walmart Inc. announced the retirement of CEO Doug McMillon effective January 31, 2026, with John Furner set to take over as president and CEO in February, marking a significant leadership transition for the company [1][7] Leadership Transition - Doug McMillon has been with Walmart since 1984 and has served as CEO since 2014, overseeing substantial revenue growth and the expansion of e-commerce operations [2] - Under McMillon's leadership, Walmart embraced automation, artificial intelligence, and digital transformation, while also focusing on employee welfare through wage increases and educational programs [2] - John Furner, a long-time Walmart insider with experience in operations and merchandising, has been appointed to succeed McMillon, with the board expressing confidence in his ability to continue the company's growth trajectory [3] Transition Planning - The transition to Furner was described as long planned, with McMillon remaining on the board until the next shareholder meeting and advising the company through fiscal 2027 to ensure a smooth transition [4] Market Reaction - Following the announcement, Walmart shares initially fell in premarket trading due to uncertainty surrounding the leadership change, but losses moderated as investors recognized Furner's promotion as a logical and steady succession plan [5] Performance Comparison - As of November 14, Walmart's shares have gained 13.4% year to date, compared to a 28.2% increase in its Zacks Peer Group, with competitors Kroger Co. and Tesco PLC showing gains of 9.1% and 24.7%, respectively [6]

The Age of Automation is upon us.Financial markets are dominated by algorithms. Artificial intelligence is pushing profit margins higher. Humanoid robots are poised to infiltrate every corner of society.Any work that can be automated, will be automated. ...

Advantest Corporation IR Fireside Chat Summary Company Overview - **Company**: Advantest Corporation - **Industry**: Semiconductor testing and measurement solutions Key Themes and Insights 1. **Vision Statement**: Advantest aims to be the most trusted and value-tested solution company in the semiconductor value chain, a vision defined last year [1][2] 2. **Midterm Management Plans**: The company has been executing three-year management plans since 2017, with the current plan (MKP3) halfway through and showing strong execution and growth [7][10] 3. **Market Dynamics**: The semiconductor industry is experiencing rapid device generation cycles, necessitating shorter development times and increased production scale [8][10] 4. **Testing Complexity**: The AI market is driving performance and power demands, leading to complex testing challenges that Advantest is focusing on resolving [12][14] 5. **Value of Testing**: Testing is evolving from a cost center to a value-added service, with a focus on optimizing device performance and yield due to high costs associated with advanced packaging technologies [13][14] Strategic Initiatives 1. **Investment in R&D**: Advantest plans to increase R&D expenditures to address the complexities of new technologies and testing flows [26] 2. **Automation and Efficiency**: The company is investing in automation tools and AI to enhance productivity and streamline testing processes [41][42] 3. **Cyclonic Initiative**: A new product aimed at bridging the gap between EDA (Electronic Design Automation) and ATE (Automated Test Equipment), enhancing collaboration and efficiency in testing [66] Capacity Expansion Plans 1. **Production Capacity Goals**: Advantest aims to increase its system capacity to at least 5,000 systems by the end of fiscal 2026, with plans to expand to 7,500 and eventually 10,000 systems [71][72] 2. **Flexible Supply Chain**: The company views its flexible supply chain as a competitive advantage, allowing it to scale operations effectively [25] Risks and Market Outlook 1. **Market Volatility**: The company acknowledges potential risks related to market downturns but believes in the long-term growth trajectory driven by AI and high-performance computing [22][23] 2. **Adaptability**: Advantest's diverse portfolio allows it to adapt to various market segments, ensuring resilience against fluctuations in demand [24] Cultural and Organizational Insights 1. **Teamwork and Collaboration**: Advantest emphasizes a culture of teamwork and collaboration across its global operations, which is critical for addressing complex industry challenges [34][36] 2. **Integrity and Reputation**: The company prioritizes integrity as a core value, which is essential for maintaining its reputation as a trusted supplier [36][37] Conclusion - Advantest is positioned for growth in the semiconductor testing market, focusing on innovation, capacity expansion, and enhancing the value of testing through automation and collaboration. The company is optimistic about its future, driven by the increasing complexity of semiconductor devices and the demand for high-quality testing solutions [46]

As filed with the U.S. Securities and Exchange Commission on November 14, 2025. Registration No. 333-_______ –––––––––––––––––––––––––– FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 –––––––––––––––––––––––––– Praetorian Acquisition Corp. (Exact name of registrant as specified in its charter) –––––––––––––––––––––––––– Cayman Islands 6770 N/A (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) (I.R.S. Employer UNITED STATE ...

Core Insights - The U.S. robotics industry has seen transformative growth through late 2025, with significant advancements in AI-powered automation, quantum navigation, and human-robot collaboration creating investment opportunities [2] - North American manufacturing robotics orders increased by 6.2% year over year, with revenues growing by 9.3%, driven by sectors like automotive and semiconductors [3] - Healthcare robotics reached critical milestones, with Intuitive Surgical and Johnson & Johnson making significant advancements in surgical systems, indicating a growing market projected to reach $10.2 billion by 2033 [4] - The elder care assistive robotics market is projected to grow from $2.93 billion in 2024 to $9.85 billion by 2033, with notable deployments by companies like Toyota and Diligent Robotics [5] - Defense robotics saw $2.3 billion in contracts awarded by the U.S. Department of Defense, highlighting the sector's growth and strategic importance [6] - The collaborative robot market is expected to grow from $1.42 billion in 2025 to $3.38 billion by 2030, with significant developments from companies like Dynamics and Tesla [7] - The convergence of AI technologies, 5G, and advanced manufacturing is positioning leading robotics companies for sustained growth through 2026 [8] Company Highlights - Trimble's robotics-driven construction automation achieved 11% revenue growth to $901 million, with a strong focus on AI integration and recurring revenue [10] - NVIDIA solidified its position as a key infrastructure provider for the physical AI revolution, unveiling advanced humanoid robot models and strategic partnerships across various sectors [11] - Teradyne's robotics division reported $75 million in third-quarter revenues, with a focus on AI and strategic partnerships to enhance its competitive positioning in industrial automation [12]