VANCOUVER, BC, Aug. 28, 2025 (GLOBE NEWSWIRE) -- Fobi AI Inc. (TSXV: FOBI, OTCQB: FOBIF) (the “Company” or “Fobi”), a business experienced in leveraging AI and data intelligence to facilitate digital transformation, is pleased to provide a corporate update regarding the following developments. CEO’S STATEMENT ON CEASE TRADE ORDER AND TRADE RESUMPTION Rob Anson, CEO of Fobi AI commented, “We acknowledge that the audit process has taken longer than anticipated. To address this, we have strengthened our finan ...

Core Insights - CGI has completed the acquisition of Apside, enhancing its capabilities in digital and engineering services [1][2] - The acquisition strengthens CGI's presence in France and other European countries, particularly in manufacturing and financial services [2][4] - Over 2,500 professionals, including nearly 2,200 in France, have joined CGI through this acquisition [3] Company Overview - CGI is one of the largest independent IT and business consulting services firms globally, founded in 1976 [5] - The company has 93,000 consultants and professionals worldwide, offering a comprehensive portfolio of services [5] - CGI reported fiscal 2024 revenue of CA$14.68 billion, with shares listed on TSX and NYSE [5]

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Q2 2025 Financial Performance - Net sales increased by 7% year-over-year to $1208560 thousand[108] - Americas net sales increased by 8% year-over-year[66, 68] - EMEA net sales decreased by 1% year-over-year[66, 68] - APAC net sales increased by 12% year-over-year[66, 68] - Abercrombie brands net sales decreased by 5% year-over-year[71] - Hollister brands net sales increased by 19% year-over-year[71] - Operating income was $206658 thousand, representing 171% of net sales[108] - Net income per diluted share was $291[66] Fiscal Year 2025 Outlook - Net sales are expected to grow in the range of 5% to 7%[82] - Operating margin is projected to be in the range of 130% to 135%[82] Share Repurchases - The company has approximately $11 billion remaining under its current share repurchase authorization[95]

Core Insights - The Lovesac Company has appointed Alan Boehme to its Board of Directors, effective August 27, 2025, enhancing its leadership with expertise in digital transformation and technology-enabled growth [1][2]. Company Overview - The Lovesac Company, based in Stamford, Connecticut, is known for its innovative furniture products, particularly the Sactionals, which are marketed as "The World's Most Adaptable Couch" [1][4]. - The company focuses on a "Designed for Life" approach, creating high-quality, modular furniture that is built to last and evolve with customer needs [4]. - Lovesac's product range includes Sactionals, Sactionals Reclining seats, premium foam beanbag chairs (Sacs), the PillowSac™ Chair, StealthTech home theater systems, and EverCouch™ [4]. Leadership and Expertise - Alan Boehme brings over 30 years of experience in consumer goods, retail, and manufacturing, having held significant roles such as CIO and CTO at major brands like H&M Group, Procter & Gamble, and The Coca-Cola Company [2][3]. - His current role as Founder & President of Technology Transformation Group Inc. involves advising companies on technology strategy and operational efficiency, further enhancing his value to Lovesac [3]. - Boehme's expertise includes AI, cybersecurity, and retail technology, aligning with Lovesac's innovative model and long-term growth objectives [2][3]. Awards and Recognition - Lovesac has received accolades such as Repreve's 8th Annual Champions of Sustainability Award and Edison Awards' 38th Annual Best New Product Awards for Sustainable Consumer Products, highlighting its commitment to responsible production and innovation [4]. Sales and Marketing Strategy - The company primarily markets and sells its products online through its website, supported by physical retail locations including branded showrooms and partnerships with third-party retailers [4].

Financial Performance - The company achieved a record Total Transaction Value (TTV) of $24.5 billion, a 3% increase year-over-year[13] - Underlying Profit Before Tax (UPBT) reached $289.1 million, a 9.8% decrease compared to the previous year[18] - The company declared a final dividend of $0.29 per share, fully franked, bringing the total dividends for the year to $0.40 per share, consistent with FY24[14, 18] - The company executed approximately $450 million in capital management initiatives during FY25[20] Segment Performance - The Corporate segment experienced a 2% TTV growth, reaching $12.3 billion, but UPBT decreased to $190 million (FY24: $211 million)[35, 36] - The Leisure segment saw a 6.7% TTV growth to $11.8 billion, with UPBT at $174.7 million, a 5.3% decrease compared to FY24[38, 39] - The "Other" segment reported a TTV of $337.4 million and revenue of $233.8 million, with an Underlying PBT loss of $75.3 million[41] Strategic Initiatives and Outlook - The company is implementing targeted strategies to reduce costs, enhance productivity, and boost margins in response to a challenging global trading environment[15, 23] - Ongoing investments are being made in future growth drivers, including loyalty programs, AI, and digital transformation[16, 33] - The company anticipates benefits from the Global Business Services (GBS) area, expecting improved operational efficiency and reduced costs[26, 32] - The company expects 8.1% growth in global business travel spending during 2026, with 6.1% Compound Annual Growth Rate (CAGR) from 2026-2029[89]

Q2 FY26 Investor Presentation August 26, 2025 © Okta and/or its affiliates. All rights reserved. © Okta and/or its affiliates. All rights reserved. Confidential Information of Okta – For Recipient's Internal Use Only. Safe Harbor This presentation contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding our financial outlook, business strategy and plans, market trends a ...

Core Insights - Vonage has been recognized as the 'Best CPaaS Provider' at the 2025 UC Awards, highlighting its leadership in the communications industry [1][3] - The company’s Communications Platform as a Service (CPaaS) leverages AI-enabled APIs to enhance customer experience solutions for developers and enterprises [2][5] - The UC Awards, now in its seventh year, showcases innovation and leadership in unified communications and collaboration technology, with a record number of entries this year [3] Company Overview - Vonage, a subsidiary of Ericsson, focuses on empowering enterprises and developers through AI-powered platforms that facilitate digital transformation [5][6] - The technology portfolio of Vonage includes Network APIs, CPaaS, CCaaS, and UCaaS solutions, aimed at reimagining digital interactions across various industries [6] - The company is committed to providing tools that enable businesses to deliver personalized and secure customer experiences, thereby deepening customer engagement [2][5]

Core Insights - The call center industry has seen significant investment activity from 2014 to 2023, with a total of 20 financing events amounting to over 1.3 billion yuan, with notable peaks in 2021 and 2023 [1][14] - The focus of investments has shifted towards call center outsourcing and AI-driven solutions, indicating a trend towards automation and efficiency in customer service [4][12] Investment Trends - The years 2021 and 2023 recorded the highest investment amounts of 310 million yuan and 410 million yuan respectively, driven by significant investments in value-added services and AI technologies [1][2] - In 2024, only two investment events were recorded, indicating a potential slowdown in investment activity [1] Investment Amounts - Single investment amounts in the call center sector were generally in the millions from 2014 to 2020, with notable increases to 160 million yuan in 2021 and 140 million yuan in 2023, largely due to major investments in companies like StarNet Communication and Voice Technology [2][7] - The average single investment amount is expected to drop back to the million level in 2024, reflecting a cautious market sentiment [2] Geographic Focus - Investment is primarily concentrated in Beijing (45%) and Shanghai (22%), highlighting the urban concentration of call center operations and technology [9] - Other active provinces include Jiangsu, Hubei, Zhejiang, Guangdong, and Henan, benefiting from strong industrial foundations and supportive policies [9] Fund Activity - Several funds are actively investing in the call center industry, including the Double Hundred Fund, Shenzhen Investment Control Park Fund, and SoftBank Vision Fund, each with distinct investment strategies [12][13] - The Double Hundred Fund focuses on digital transformation projects for state-owned enterprises, while the SoftBank Vision Fund targets AI customer service solutions [12] Mergers and Acquisitions - The call center industry has seen limited M&A activity, with notable events including the acquisition of Huijie Technology by JD Technology Group in 2021, aimed at enhancing digital service capabilities [14] - A planned acquisition by Bangyan Technology of StarNet Communication was announced to be terminated in 2025 due to competitive pressures [14]

Core Insights - Adobe (ADBE) and Pegasystems (PEGA) are key players in the enterprise software sector, focusing on digital transformation through cloud-supported solutions [1] - The digital transformation market is projected to reach approximately $4 trillion by 2027, with a CAGR of 16.2% from 2022 to 2027, indicating significant growth potential for both companies [2] Adobe's Position - Adobe has enhanced its AI offerings with Adobe GenStudio and Firefly Services, facilitating collaboration on marketing campaigns [3] - Tools like Acrobat AI Assistant and Adobe Express are gaining traction among business professionals, with over 700 million monthly active users reported by the end of Q2 fiscal 2025 [5] - Adobe's Digital Media Annual Recurring Revenue (ARR) reached $18.09 billion, reflecting a 12% year-over-year increase, and its AI-first products are on track to exceed the $250 million ARR target by the end of fiscal 2025 [6] Pegasystems' Position - Pegasystems is experiencing strong demand for its AI-powered, cloud-based solutions, with the market expected to exceed $150 billion by 2029 [7] - The company's shift to a subscription-based model has driven a 14% year-over-year growth in Annual Contract Value (ACV) in Q2 2025, supported by the adoption of Pega GenAI Blueprint [8] - PEGA's capabilities include using agentic AI to modernize legacy systems, enhancing application development speed [9] Earnings Estimates - The Zacks Consensus Estimate for Adobe's fiscal 2025 earnings is $20.63 per share, indicating a 12% increase from 2024 [11] - The consensus for PEGA's 2025 earnings has risen by 5.3% to $1.98 per share, suggesting a 31.1% growth from fiscal 2024 [12] Stock Performance and Valuation - Year-to-date, Adobe shares have declined by 18.6%, while Pegasystems has seen a larger decline of 21.8% [13] - Both companies are considered overvalued, with Adobe trading at a forward Price/Sales ratio of 6.11X compared to PEGA's 5.13X [16] Investment Outlook - Adobe's focus on monetizing its AI tools positions it favorably for investors, while PEGA's valuation concerns present risks [19] - Currently, Adobe holds a Zacks Rank 2 (Buy), while Pegasystems has a Zacks Rank 3 (Hold), indicating a stronger investment case for Adobe [19]