Core Viewpoint - NetApp, Inc. is expected to report its fourth-quarter fiscal 2025 earnings on May 29, with anticipated non-GAAP earnings per share between $1.84 and $1.94, and net revenues between $1.65 billion and $1.8 billion, reflecting a year-over-year increase [1][2] Financial Performance - The Zacks Consensus Estimate for earnings per share is $1.89, indicating a 5% rise from the previous year, while net revenues are estimated at $1.73 billion, implying a 3.4% increase from the prior year [1] - NetApp has beaten estimates in two of the last four quarters, with an average earnings surprise of 2.8% [2] Product and Market Dynamics - Strong demand for NetApp's modern all-flash arrays, particularly the C-series and ASA block-optimized flash, is expected to positively impact revenue [2] - The launch of new entry-level and midrange ASA systems is anticipated to enhance market penetration in the all-flash segment [3] - Keystone's storage-as-a-service offering has seen nearly 60% year-over-year revenue growth in the last reported quarter [3] Segment Performance - Hybrid Cloud revenues are estimated at $1.5 billion, reflecting a 2.2% increase from the previous year [4] - Public Cloud revenues are projected at $175.6 million, up 15.6% year-over-year, driven by a 40% increase in first-party and marketplace cloud storage services [5] Challenges and Outlook - The fiscal fourth-quarter outlook has been revised due to the Spot divestiture, a strong U.S. dollar, and global public sector weakness [6] - Uncertain macroeconomic conditions and cautious IT spending are expected to pose challenges [6]

Group 1 - The core focus of the article is on the application of Gen AI solutions in the financial sector, highlighting the latest trends and real-world case studies from overseas financial institutions [1][6][7] - A seminar is scheduled to discuss the innovative use of Gen AI in business operations, emphasizing efficiency improvements and automation through FactSet's solutions [6][8] - The event will feature a cocktail session, providing networking opportunities for participants [5][9] Group 2 - The seminar will include presentations on how Gen AI can drive business innovation and enhance analytical accuracy, with discussions on the new value it brings to users [6][7] - Real-life examples of Gen AI applications from overseas clients will be shared, offering insights for domestic financial professionals on potential innovative strategies [7] - The challenges of rising costs in data management and processing for Gen AI strategies will be addressed, along with FactSet's DaaS solutions to streamline access to critical financial data [8]

FactSet持续在Gen AI解决方案中积极投入，基于我们广受赞誉的庞大数据库和灵活分析工具，提供一系列 Gen AI解决方案。本次研讨会将重点介绍Gen AI在金融领域的最新应用动向，以及海外专业金融机构客户 运用Gen AI的实际案例分享。敬请通过报名表报名参加。 Gen AI在金融业的前沿应用 - 从证券到资产管理 洞察海外案例 日期： 2025年6月19日（星期四） 开场： 14:30 会场 上海浦东香格里拉大酒店3楼苏州/无锡厅 长按二维码报名登记 议程 15:00-15:05 开幕 研讨会： 15:00-17:00 鸡尾酒会： 17:00-18:00 15:05-15:40 通过FactSet的Gen AI解决方案实现业务创新 FactSet的Gen AI方案建立于我们的数据和分析工具，旨在帮助用户提升工作效率。凭借Gen AI技术，实 现业务自动化，并加快操作进程，获取更准确的分析结果和更具创造性的业务方案。本环节中，我们将深 入探讨Gen AI为您带来的全新价值。（演讲将以英语进行，同时提供中文材料，问答环节将以中文进 行）。 15:50-16:25 AI创新加速：飞速变幻市场下的AI实际应 ...

Summary of Remitly Conference Call Company Overview - **Company**: Remitly - **Industry**: Digital Remittances and Financial Services Key Points and Arguments 1. **Company Vision and Growth**: - Remitly aims to transform lives with trusted financial services that transcend borders, focusing on remittances which total $2 trillion annually [5][11] - The company reported a **41% year-on-year volume growth** and **34% revenue growth**, achieving over **$1 billion in revenue** with **16% adjusted EBITDA margins** [11][15] 2. **Resilience in Business**: - Remitly's business model is resilient in various market conditions due to the non-discretionary nature of remittances, where customers consistently send money to loved ones regardless of economic cycles [14][56] - The company has maintained strong customer retention, with **93% of transactions delivered in less than an hour** and high app ratings (4.9 and 4.8 stars) [12][13] 3. **Foreign Exchange (FX) Management**: - Remitly has developed competitive advantages in FX treasury cash management, allowing for real-time cash balance analytics and better pricing adjustments in response to FX volatility [18][20] - The company sent over **$40 billion in volume** last year, leveraging its scale to optimize pricing and reduce FX risk [18][20] 4. **Stablecoin Potential**: - The CEO views stablecoins as a promising technology that could enhance treasury management and offer customers multi-currency accounts, although demand has not yet reached material levels [22][23] - Remitly is actively exploring partnerships and integrations related to stablecoins, but has not yet launched consumer-facing products in this area [24][25] 5. **Alternative Payment Methods**: - The introduction of alternative payment methods like Interact and Pay by Bank has enabled Remitly to reduce transaction costs and improve service speed [29][30] - The company is focusing on direct integrations with local payment rails, such as PIX in Brazil, to enhance transaction efficiency [32] 6. **High Dollar Sender Segment**: - Remitly is targeting high dollar senders by adjusting compliance policies to be more risk-based, allowing for a more seamless experience for larger transactions [37][39] - The company is also expanding into micro-SMB segments, enabling users like freelancers to send payments more easily [41][43] 7. **Market Expansion and Competitive Landscape**: - Remitly is focused on organic growth, with plans to expand its corridor offerings strategically over the long term [60][61] - The company is less than 3% of the $2 trillion remittance market, indicating significant growth potential [56] 8. **Customer Acquisition and Marketing**: - The cost to acquire customers has been trending favorably due to effective marketing strategies and strong word-of-mouth referrals [51][52] - The company is committed to investing in marketing to sustain growth in the coming quarters [53] 9. **Geopolitical Sensitivity**: - Remitly is monitoring geopolitical issues, particularly immigration policies, but believes its diversified customer base and established presence mitigate risks [54][56] - The company emphasizes the resilience of remittances during economic downturns, supported by historical data [58][59] 10. **Future Opportunities**: - The company is exploring embedded finance and additional value-added services to enhance its offerings for customers living abroad [84][85] - Remitly's technical platform has been re-architected to increase innovation speed across multiple areas [84] Other Important Content - The CEO expressed excitement about leveraging generative AI for product development and customer support, indicating a focus on enhancing operational efficiency [78][80] - Remitly's approach to acquisitions remains cautious, with a preference for organic growth unless a compelling opportunity arises [71][72]

Core Viewpoint - EPAM Systems reported strong first-quarter results for 2025, with non-GAAP earnings per share of $2.41, exceeding estimates and showing year-over-year revenue growth of 11.1% to $1.3 billion, driven by technological innovations and solid performance across various industry verticals [1][2][3]. Financial Performance - Non-GAAP earnings per share for Q1 2025 were $2.41, beating the Zacks Consensus Estimate by 6.2%, although down from $2.46 in the same quarter last year [1] - Revenues for Q1 2025 reached $1.3 billion, surpassing the consensus mark by 1.37% [1] - Non-GAAP gross profit increased by 5.7% year over year to $374.2 million, with a gross margin of 28.7%, down 170 basis points [5] - Non-GAAP operating income grew by 1.3% year over year to $175.8 million, with an operating margin of 13.5%, down 140 basis points [5] Revenue Breakdown - Financial Services contributed $314 million (24.1% of total revenues), up 29.3% year over year [3] - Consumer Goods, Travel, and Retail revenues were $255.5 million (19.6% of total revenues), down 1.4% year over year [3] - Software and Hi-Tech revenues were $190 million (14.6% of total revenues), up 10.5% year over year [4] - Life Sciences and Health revenues were $155 million (11.9% of total revenues), also up 10.5% year over year [4] - Emerging revenues reached $221 million (17.8% of total revenues), up 22.8% year over year [4] - Business Info and Media revenues were $167 million (12.5% of total revenues), down 2.2% year over year [4] Guidance - For Q2 2025, EPAM expects revenues between $1.325 billion and $1.34 billion, indicating a year-over-year growth of 16.2% at the midpoint [7] - The full-year 2025 revenue growth guidance has been revised to 11.5% to 14.5%, up from the previous 10% to 14% [9] - The Zacks Consensus Estimate for full-year 2025 revenues is $5.27 billion, reflecting an 11.4% year-over-year growth [9] - Non-GAAP earnings per share for FY 2025 are now expected to be between $10.70 and $10.95, an increase from the prior estimate of $10.45 to $10.75 [9]

Core Insights - Kaltura reported record total and subscription revenue for Q1 2025, with significant improvements in net loss on both GAAP and non-GAAP bases, alongside record Adjusted net income and Adjusted EBITDA [2][5][40] - The company anticipates a return to growth in new bookings for the full year 2025, driven by customer consolidation, product maturity, and the adoption of new Gen AI capabilities [2][5] Financial Highlights - Total revenue for Q1 2025 was $47.0 million, a 5% increase from $44.8 million in Q1 2024 [5] - Subscription revenue reached $44.9 million, up 9% from $41.2 million in Q1 2024 [5] - Annualized Recurring Revenue (ARR) was $174.8 million, a 7% increase from $162.7 million in Q1 2024 [5] - GAAP gross profit was $32.7 million, with a gross margin of 70%, compared to $28.6 million and 64% in Q1 2024 [5] - Non-GAAP gross profit was $33.0 million, maintaining a non-GAAP gross margin of 70% [5] - GAAP operating loss improved to $1.6 million from $7.3 million in Q1 2024 [5] - Non-GAAP operating income was $3.1 million, compared to a non-GAAP operating loss of $0.6 million in Q1 2024 [5] - GAAP net loss was $1.1 million, or $0.01 per diluted share, significantly improved from a net loss of $11.1 million, or $0.08 per diluted share, in Q1 2024 [5] - Non-GAAP net income was $3.5 million, or $0.02 per diluted share, compared to a non-GAAP net loss of $4.4 million, or $0.03 per diluted share, in Q1 2024 [5] - Adjusted EBITDA for Q1 2025 was $4.1 million, up from $0.6 million in Q1 2024 [5] Business Highlights - Kaltura achieved a net dollar retention rate of 107%, the highest since Q1 2022, indicating strong customer retention and growth [5] - The company closed one new seven-digit deal and fifteen six-digit deals, consistent with typical seasonality [5] - There is growing interest in Gen AI products, with over 150 customers showing interest, representing approximately 20% of the customer base, indicating a significant upsell opportunity [5] Financial Outlook - For Q2 2025, Kaltura expects subscription revenue to be between $40.8 million and $41.6 million, total revenue between $43.4 million and $44.2 million, and Adjusted EBITDA between $1.5 million and $2.5 million [11] - For the full year 2025, the company forecasts subscription revenue between $170.4 million and $173.4 million, total revenue between $179.9 million and $182.9 million, and Adjusted EBITDA in the range of $13.5 million to $15.5 million [11]

Financial Data and Key Metrics Changes - Total revenue for Q1 2025 was $44.8 million, an increase of $3.8 million or 9.2% year over year [5] - Adjusted EBITDA was negative $3.8 million, indicating a loss [5] - New unit sales volume increased by 23% year over year, significantly outpacing the industry's growth of 6.8% in new vehicle retail sales for the quarter [5] Business Line Data and Key Metrics Changes - The transition of certain OEM incentives from American Express to AAA auto buying side progressed rapidly, with AAA program revenue in March approaching previous levels seen with American Express [5] - Performance marketing campaigns have achieved the lowest cost per sale since 2022, effectively driving unit sales growth for dealer partners [5] Market Data and Key Metrics Changes - Approximately 50% of new vehicles retailed in the U.S. are imported, and tariffs are estimated to add about $4,500 in additional costs for new vehicles sold, equating to roughly 10% of the average pre-tariff new vehicle MSRP [8] - Despite the tariffs, strong and stable demand is expected to continue in the near term as dealers sell through pre-tariff inventory [9] Company Strategy and Development Direction - The company is focused on scaling the TC Plus product, which aims to change the car buying experience for consumers and dealers [6] - A pilot program with a singular dealer group is being used to co-create tools and solutions for broader rollout [6] - The company is also onboarding additional pilot dealer groups to expand the TC Plus offering [7] Management's Comments on Operating Environment and Future Outlook - Management expressed uncertainty regarding the impact of tariffs on the automotive sector, noting that the operational response from OEMs will dictate changes in new vehicle supply and pricing [8] - The company is taking steps to mitigate potential slowdowns in growth and aims to manage cash flow effectively in various scenarios [10] - Due to high uncertainty, the company refrained from providing financial guidance for Q2 and beyond [10] Other Important Information - The company is leveraging AI for personalized consumer experiences in marketing campaigns, which has shown attractive results [14][15] - The revenue mix is crucial for margins, with OEM revenue typically having the highest margin [23] Q&A Session Summary Question: Can you clarify the product enhancements mentioned in your letter? - Management highlighted the use of Gen AI for personalized email campaigns as an example of product enhancement [14] Question: How should we think about changes to OEM incentive ad spending? - Management indicated that OEMs may need to support vehicle sales more, which could benefit the company [16] Question: How should we think about margins across the business? - Management discussed three main cost buckets: headcount, marketing expense, and overhead, emphasizing the importance of efficiency [20][24] Question: Is the loss of the American Express business fully compensated by AAA? - Management confirmed that the transition is progressing and nearing previous levels [25] Question: What is the exposure to different OEMs regarding tariffs? - Management noted that not all OEMs are impacted equally and emphasized adaptability to help OEMs with their specific issues [31][32] Question: Are there considerations for stock buybacks? - Management stated that share buybacks are always considered as part of capital allocation strategies [34] Question: Can you provide insights on TC Plus and its economic benefits? - Management confirmed that TC Plus is driving both online purchases and increased volumes for dealers [38] Question: What is the timeline for CDK and Tech Yield integrations? - Management expressed confidence in the timeline for integrations but noted complexities with CDK [66] Question: What is the current behavior in dealership conversations? - Management reported that dealer morale is good, and sales are holding up despite uncertainty [70]

Financial Data and Key Metrics Changes - Total revenue for Q1 2025 was $44.8 million, an increase of $3.8 million or 9.2% year over year [5] - Adjusted EBITDA was negative $3.8 million, indicating ongoing challenges in profitability [5] - New unit sales volume increased by 23% year over year, significantly outpacing the industry's growth of 6.8% in new vehicle retail sales for the quarter [5] Business Line Data and Key Metrics Changes - The transition of OEM incentives from American Express to AAA auto buying side progressed rapidly, with AAA program revenue in March approaching previous levels seen with American Express [5] - Performance marketing campaigns have achieved the lowest cost per sale since 2022, effectively driving unit sales growth for dealer partners [5] Market Data and Key Metrics Changes - Approximately 50% of new vehicles retailed in the U.S. are imported, and tariffs are estimated to add about $4,500 in additional costs for new vehicles sold, equating to roughly 10% of the average pre-tariff new vehicle MSRP [9] - Despite the tariffs, there is no expected material impact on strong demand in the near term as dealers sell through pre-tariff inventory [10] Company Strategy and Development Direction - The company is focused on scaling the TC Plus product, which aims to enhance the car buying experience for consumers and dealers [6] - A pilot program with a singular dealer group is being utilized to co-create tools and solutions for broader rollout [6] - The company is also onboarding additional pilot dealer groups to expand consumer access to TC Plus [8] Management's Comments on Operating Environment and Future Outlook - Management expressed uncertainty regarding the impact of tariffs on vehicle supply and pricing, indicating that the operational response from OEMs will dictate changes in retail sales volumes [9][10] - The company refrained from providing financial guidance for Q2 and beyond due to high levels of uncertainty in market dynamics [11] Other Important Information - The company is taking steps to mitigate potential slowdowns in growth and aims to manage cash flow effectively in various scenarios [11] - The integration with dealer management systems (DMS) providers is critical for automating deal documentation and desking activities [7] Q&A Session Summary Question: Can you clarify the product enhancements mentioned in the letter? - Management highlighted the use of Gen AI for personalized email campaigns as an example of product enhancement aimed at improving consumer experience [15][16] Question: How should we think about changes to OEM incentive ad spending? - Management indicated that OEMs may need to support vehicle sales more, which could benefit the company, but the uncertainty makes it hard to predict [17] Question: How should we think about margins across the business? - Management noted that margins will be influenced by revenue mix and flexibility in the cost structure, with OEM revenue typically having the highest margin [20][24] Question: What is the status of the transition from American Express to AAA? - Management confirmed that the transition is progressing and nearing previous levels, though not yet fully complete [26] Question: What is the exposure to different OEMs regarding tariffs? - Management stated that not all OEMs will be impacted equally, and the company is focused on helping OEMs navigate their specific challenges [30][32] Question: Is there consideration for stock buybacks? - Management confirmed that stock buybacks are always considered as part of their capital allocation strategy [35] Question: Can you provide insight into dealer behavior amid uncertainty? - Management reported that dealer morale remains strong, and there are no significant red flags in the field despite the uncertainty [69][70]

First Quarter 2025 Financial Results Conference Call Presentation May 6, 2025 Together, Building the Future Safe Harbor Statement Forward-Looking Statements Certain statements in this communication may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended from time to time. Those forward-looking statements include all statements that are not historical statements of fact, including, without limitation, statements regarding the anticipate ...

Financial Data and Key Metrics Changes - Revenue for Q4 2025 increased by 14% year-over-year and 9% sequentially to $5,900,000 driven by strong demand for SRAM chips [4] - Annual revenue for fiscal year 2025 declined by 6% compared to the prior year, with a net loss reduced by 47% from $20,100,000 in 2024 to $10,600,000 [5][25] - Gross margin for Q4 2025 was 56.1%, up from 51.6% in Q4 2024, primarily due to higher revenue and product mix [20] - Total operating expenses in Q4 2025 were $5,600,000, down from $7,200,000 in Q4 2024 [21] - Cash and cash equivalents as of March 31, 2025, were $13,400,000 compared to $14,400,000 a year earlier [25] Business Line Data and Key Metrics Changes - Sales to KYEC were $1,700,000 or 29.5% of net revenues in Q4 2025, compared to $544,000 or 10.6% in the same period a year ago [18] - Military defense sales accounted for 30.7% of Q4 shipments, down from 35.5% in the comparable period a year ago [18] - SigmaQuad sales were 39.3% of Q4 shipments, compared to 42.4% in Q4 2024 [19] Market Data and Key Metrics Changes - Demand for high-density SRAM is driven by critical systems in chip manufacturing, particularly from a leading GPU provider [11] - The company anticipates continued demand from this customer in fiscal year 2026 at similar levels to 2025 [11] Company Strategy and Development Direction - The company plans to build on the progress of APU development and drive continued growth in sales while maintaining operational efficiency [9] - There is a focus on securing funding to support the next phase of development, particularly for AI strategy [10] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the initial order for radiation-hardened SRAM, which carries a higher gross margin than traditional SRAM [12] - The company is actively working to secure heritage status for its radiation-hardened SRAM to enhance market acceptance [12] - Management highlighted the strategic interest in the PLATO chip due to its new capabilities for AI applications [8] Other Important Information - The company reported a gain on the sale of assets of $5,800,000 from the sale of its headquarters building [23] - The ongoing SBIR programs have generally received payments totaling $1,600,000, with an additional $1,000,000 anticipated upon program completion [7] Q&A Session Summary Question: Market size and scaling for PLATO and GEMINI II chips - Management has not released TAM numbers yet but indicated that GEMINI II is an extension for edge applications, while PLATO targets the LLM market at the edge [27][28][30] Question: Interest in GEMINI II from commercial companies - Most early interest has come from military defense applications, with some companies looking for chip-only solutions for drones or satellites [36][38] Question: Details on Needham's contributions - Management stated that nothing is off the table regarding potential contributions from Needham, including asset sales or funding opportunities [40] Question: Cash flow from operations and CapEx - Cash used in operating activities for the year was about $12,900,000, with minimal CapEx of approximately $45,000 [49][50]