PITTSBURGH, May 7, 2025 /PRNewswire/ -- Mastech Digital, Inc. (NYSE American: MHH), a leading provider of Digital Transformation IT Services, has scheduled a conference call to discuss the results for the first quarter ended March 31, 2025. The conference call will occur on Friday, May 16th at 9:00 a.m. Eastern Time and will be hosted by Mr. Nirav Patel, CEO, and Mr. Kannan Sugantharaman, CFO. The conference call can be accessed through a listen-only dial-in number or through a live webcast. To listen to th ...

Press ReleaseCybernet and Nokia redefine Pakistan’s network landscape with 1.2T-per-lambda backbone Cybernet has selected Nokia’s innovative 1830 Global Express (GX) platform with integrated optical line system capabilities and ICE7 coherent optics.Cybernet’s new network will provide connectivity services to over 25 cities across Pakistan. The Nokia solution will help Cybernet meet growing customer bandwidth demands with high-capacity services at market-competitive cost and power per bit. 7 May 2025 Espoo ...

Core Insights - Cybernet, Pakistan's leading fiber broadband provider, has partnered with Nokia to deploy a new long-haul Optical Fiber Cable network capable of delivering 1.2 terabits per second (Tbps) per wavelength, significantly enhancing the country's digital infrastructure [1][3][10] - The new network will connect over 25 cities in its initial phase and provide more than 50 Tbps of long-haul capacity, supporting various connectivity solutions including data center interconnect and consumer broadband services [1][2][10] - This initiative aims to accelerate Pakistan's digital transformation and improve regional connectivity by offering scalable, high-capacity services at competitive rates [4][5] Company Overview - Cybernet has over 25 years of experience in the telecommunications sector, operating the largest FTTX network in Pakistan and serving enterprise, corporate, and residential customers [11] - The company also provides international connectivity services and is the parent company of StormFiber, a rapidly growing fiber broadband provider [11] - Cybernet's investment in Nokia's 1830 GX platform with ICE7 coherent optics is a strategic move to meet increasing bandwidth demands and enhance service offerings [3][10] Industry Impact - The deployment of Nokia's optical transport solution is expected to modernize Pakistan's connectivity landscape, enabling high-speed, low-latency services across the country [6][10] - The new backbone will facilitate cross-border transit services for carriers and internet service providers in Central Asia, fostering greater regional integration [4][6] - By leveraging advanced technology, the initiative positions Cybernet to better serve its customers and contribute to the global digital economy [5][6]

The Hackett Group (HCKT) Q1 2025 Earnings Call May 06, 2025 05:00 PM ET Company Participants Robert Ramirez - CFO & Executive VP of FinanceTed Fernandez - Chairman and CEOGeorge Sutton - Partner- Co-Director of ResearchVincent Colicchio - Managing Director Conference Call Participants Jeff Martin - Director of Research & Senior Research Analyst Operator all for standing by. Today's conference will begin in approximately one minute. Again, today's conference will begin in one minute. Thank you for standing ...

Core Viewpoint - ServiceNow and Oracle are positioned to benefit from the growing digital transformation market, which is projected to reach approximately $4 trillion by 2027, with a CAGR of 16.2% from 2022 to 2027 [1] Group 1: Company Performance - ServiceNow shares have decreased by 7.7% year to date, while Oracle shares have dropped by 10.4% due to a tech sell-off influenced by higher tariffs and a challenging macroeconomic environment [2] - ServiceNow's Yokohama release introduces new AI agents across various domains, enhancing productivity and workflow efficiency [5] - ServiceNow's customer base has expanded, with 508 customers having more than $5 million in annual contract value (ACV), representing a 20% year-over-year growth [7] - ServiceNow expects second-quarter subscription revenues to be between $3.03 billion and $3.035 billion, indicating a year-over-year increase of 19% to 19.5% [8] - Oracle anticipates total revenue growth of 9-11% year over year for the third quarter of fiscal 2025, with cloud revenues expected to grow by 24-28% at constant currency [11] Group 2: Strategic Partnerships and Innovations - ServiceNow has established partnerships with major companies like NVIDIA, Amazon, and Vodafone to enhance its AI capabilities and service management solutions [6][10] - Oracle's partnerships with companies such as OpenAI and NVIDIA are driving its cloud business momentum, particularly with the launch of AI Agent Studio [9][10] Group 3: Earnings Estimates and Valuation - The Zacks Consensus Estimate for ServiceNow's 2025 earnings is $16.48 per share, reflecting an 18.39% increase over fiscal 2024, while Oracle's estimate has declined to $6.03 per share, suggesting 8.45% growth [12] - ServiceNow has consistently beaten earnings estimates, with an average surprise of 6.61%, compared to Oracle's surprise of 0.83% [13] - In terms of valuation, Oracle shares are trading at a forward Price/Sales ratio of 6.47X, which is lower than ServiceNow's 14.62X, indicating that Oracle may be a cheaper option [14] Group 4: Market Position and Outlook - Both companies are benefiting from strong demand for digital transformation despite macroeconomic challenges and tariff concerns [17] - ServiceNow's strong portfolio and partner base are highlighted as advantages over Oracle, which faces stiff competition and security issues in the cloud computing market [17]

Solutions30, a European leader in rapid-response field services for the telecommunications, energy and digital sectors announces that its subsidiary Solutions30 Italia has renewed its contract with FiberCop, a key player in the development of Italy’s optic fiber infrastructure. The total value of the contract exceeds €125 million over three years. The agreement provides for the continuation of FTTH (Fiber To The Home) network deployment in the Piedmont and Aosta Valley regions. The project will cover appro ...

Core Insights - DoorDash is set to acquire SevenRooms, a hospitality tech company based in New York City, which is seen as a significant expansion of DoorDash's Commerce Platform capabilities [1][7] - The acquisition aims to enhance the DoorDash Commerce Platform, allowing merchants to better serve customers across various channels and improve profitability through smarter marketing [2][5] Group 1: Acquisition Details - The deal is expected to close in the second half of the year, pending regulatory approvals and closing conditions [7] - This announcement coincides with DoorDash's agreement to acquire the U.K.-based food delivery platform Deliveroo for $3.9 billion [7] Group 2: Commerce Platform Enhancement - DoorDash's Commerce Platform, introduced in September, provides tools for merchants to create direct channels for customer engagement, whether online, via phone, or in-store [2][3] - The platform includes features for delivery through merchants' own apps or websites, online ordering, and AI-powered phone ordering systems [3] Group 3: SevenRooms Overview - SevenRooms, launched in 2011, offers integrated tools for marketing, operations, and guest experience, aimed at helping hospitality businesses strengthen guest relationships and drive revenue growth [4] - The combination of DoorDash's scale and digital innovation with SevenRooms's in-store capabilities is expected to enhance merchants' growth across both first-party and third-party channels [5] Group 4: Market Context - The acquisition comes at a time when U.S. consumers are dining out less frequently due to financial pressures, as noted by Wendy's CEO and a report from Fiserv [6]

Core Insights - Intesa Sanpaolo achieved a record quarterly net income of over €2.6 billion in 1Q25, with an annualized Return on Equity of 20%, supporting guidance for 2025 net income well above €9 billion [2][7] Financial Performance - The bank reported a 7% increase in commissions compared to 1Q24, with Wealth Management & Protection activities growing by 11% [3] - Insurance income reached its highest quarter ever, increasing by 9% compared to 4Q24 [3] - Customer financial assets grew by €45.5 billion year-over-year, totaling approximately €1.4 trillion, supported by €900 billion in direct deposits and Assets under Management (AuM) [3] Cost Efficiency - Intesa Sanpaolo maintained a strong focus on cost discipline, achieving a record low Cost/Income ratio of 38%, one of the best in Europe [4] Technology and Digital Transformation - The bank invested €4.4 billion in digital transformation, hiring around 2,350 IT specialists and migrating 62% of applications to the cloud [5] - Isybank, the bank's digital platform, reached one million clients, indicating the success of the digital strategy [5] Social Impact Commitment - Intesa Sanpaolo has deployed over €0.7 billion from 2023 to 1Q25 for social impact initiatives, including approximately €65 million in the first quarter to combat poverty and reduce inequality [6] 2025 Outlook - The bank confirmed its outlook for 2025, projecting net income well above €9 billion and plans to return over €8.2 billion to shareholders this year [7] Leadership Remarks - CEO Carlo Messina emphasized the bank's strong market position, capital generation capabilities, and commitment to technological innovation and environmental transition [9]

Core Viewpoint - Costco Wholesale Corporation is currently trading at a high forward P/E multiple of 52.96X, indicating it may be overvalued compared to the industry average of 32.41X and the S&P 500's 20.97 [1][7] Valuation and Performance - The stock has risen 11.9% over the past month, outperforming its peers, but this steep increase may limit near-term upside potential [2][3] - Costco's valuation is above its median P/E level of 50 observed over the past year, suggesting caution for new investors [1][7] Membership and Growth - Costco ended Q2 of fiscal 2025 with 78.4 million paid household members, a 6.8% year-over-year increase, with executive memberships growing by 9.1% [9] - Membership fee income increased by 7.4%, aided by a recent fee hike contributing approximately 3% growth in the quarter [9] E-commerce and Digital Transformation - E-commerce comparable sales grew by 20.9% in Q2, reflecting the success of Costco's digital transformation strategy [10] - The company is enhancing its online product assortment and fulfillment efficiencies to drive traffic and sales [10] Expansion Plans - Costco plans to open 28 new locations by the end of fiscal 2025, including 25 new warehouses and three relocations [11] Competitive Landscape - Costco is outperforming competitors like Ross Stores, Dollar General, and Target, which are also investing in enhancing customer experience [12] - The competitive environment is intensifying, necessitating continued focus on maintaining margins and managing operational costs [13] Financial Estimates - The Zacks Consensus Estimate for the current fiscal year has risen to $17.96, while the estimate for the next fiscal year has decreased to $19.73, indicating expected growth rates of 11.5% and 9.9% respectively [14]

Align Technology (ALGN) 2025 Investor Day May 06, 2025 10:00 AM ET Speaker0 Good morning. Thank you everyone for joining us. Just a quick reminder, we would like to get started promptly at 10AM. So grab a cup of coffee or a snack and come in and join us in the room. A quick, just reminder if you haven't already provided a business card to the little glass bowl inside the product cafe. We are going to raffle off two Invisalign ultrasonic cleaners for those of you in treatment or about to begin treatment or f ...