IBM (IBM) FY Conference May 29, 2025 09:00 AM ET Speaker0 Okay. Good morning. I think we're gonna get started right around 9AM. I'm, Mark Neuen, Bernstein's new US IT Hardware Analyst, and, my predecessor, Tony Secondhagen, sitting in the front here. Nice to be back at Bernstein after a few years away. And as as one of the most enduring companies in technology, IBM doesn't need much introduction. However, it is nonetheless our pleasure to welcome Arvind Krishna, IBM's chairman and CEO. Thank you for coming ...

Financial Data and Key Metrics Changes - Nordson's Q2 fiscal 2025 sales were $683 million, a 5% increase from $651 million in Q2 fiscal 2024, driven by an 8% increase from the Atrion acquisition, offset by a 2% organic sales decrease and less than 1% unfavorable currency translation [12][13] - Gross profit was $374 million, maintaining a consistent 55% of sales, with EBITDA adjusted for restructuring and integration costs at $217 million, or 32% of sales, reflecting a 7% increase year-over-year [12][13] - Net income totaled $112 million, or $1.97 per share on a GAAP basis, with adjusted earnings per share at $2.42, a 3% increase from the prior year [14] Business Line Data and Key Metrics Changes - Industrial Precision Solutions (IPS) sales decreased 8% to $319 million, with an EBITDA of $114 million, or 36% of sales, down 12% year-over-year due to lower sales volume [14][16] - Medical and Fluid Solutions sales increased 20% to $203 million, driven by the Atrion acquisition, with EBITDA of $77 million, or 38% of sales, a 22% increase from the prior year [17][18] - Advanced Technology Solutions (ATS) sales rose 18% to $161 million, with EBITDA of $40 million, or 25% of sales, a 43% increase year-over-year [19] Market Data and Key Metrics Changes - The company experienced solid order entry and backlog growth of 5% since the last quarter, particularly in electronics, precision agriculture, and select medical product lines [24] - The industrial systems segment showed sequential improvement compared to the first quarter, although automotive demand remains a headwind [38] Company Strategy and Development Direction - Nordson is focusing on divesting select product lines within its medical contract manufacturing business to concentrate on higher-value growth opportunities within the medical and fluid solutions segment [10] - The company is executing a balanced capital deployment strategy, including share repurchases totaling $85 million and $44 million in dividends, while maintaining a debt leverage ratio of 2.4 times [9][20] - The NBS Next framework is being utilized to assess the strategic fit of product lines and enhance operational efficiencies [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in managing current tariff levels without significant impact on results, while monitoring potential effects on end market demand [22][93] - The outlook for Q3 fiscal 2025 sales is projected to be between $710 million and $750 million, with adjusted earnings forecasted between $2.55 and $2.75 per diluted share [27] - Management highlighted the resilience of Nordson's business model and its ability to adapt to market uncertainties, emphasizing ongoing investments in innovation and customer relationships [28][113] Other Important Information - The company reported a free cash flow generation of $103 million during the quarter, resulting in a 92% conversion rate on net income [20] - Nordson's integration of Atrion is performing above expectations, contributing positively to sales and margins [8][36] Q&A Session Summary Question: Trends for the rest of the year and major verticals - Management noted solid order entry in ATS, driven by investments in computing power, and expressed optimism about growth sustainability in the segment [34][35] Question: Size of contract manufacturing divestiture and future actions - The divestiture represents roughly 4% of year-to-date sales in the medical segment, with no other ongoing actions currently planned [43][44] Question: Consistency of growth in ATS segment - Management acknowledged the inherent volatility in ATS but indicated strong order entry patterns and confidence in organic growth [51][55] Question: Status of destocking in interventional medicine - Destocking is reducing in severity, with expectations for gradual recovery to normal demand growth rates [60][62] Question: Margin performance in ATS amid customer behavior volatility - Management indicated that while margins may fluctuate, structural changes have raised the baseline margin performance in the segment [68][69] Question: Impact of tariffs on financial performance - Current tariff levels are manageable, with minimal impact on Q2 results, and the company is monitoring potential effects on end market demand [90][93] Question: Growth drivers in ATS and semiconductor markets - Approximately 50% of ATS business is driven by semiconductor and high-performance computing, up from 20-30% a few years ago [96]

Core Insights - SentinelOne, Inc. reported first-quarter fiscal 2026 results with adjusted earnings meeting estimates and total revenues slightly exceeding expectations, showing year-over-year growth in both metrics [1][4]. Financial Performance - Adjusted earnings per share (EPS) for the quarter was two cents, matching the Zacks Consensus Estimate, compared to a break-even adjusted EPS in the same period last year [4]. - Total revenues reached $229.03 million, marginally surpassing the consensus mark of $229 million by 0.4% and reflecting a year-over-year growth of 22.9%, driven by increased sales to new customers and additional licenses to existing customers [5]. - Annualized recurring revenues (ARR) grew 24% year over year to $948.1 million as of April 30, 2025 [5]. Operating Highlights - Adjusted gross profit for the quarter was 79%, consistent with the previous year, while the adjusted operating margin improved to a negative 2% from a negative 6% year over year [6]. - Total operating expenses increased by 19.9% year over year to $260 million, attributed to higher research and development, sales and marketing, and general and administrative expenses, along with a one-time restructuring expense [6]. Future Outlook - The company anticipates fiscal second-quarter revenues to be approximately $242 million, indicating a year-over-year growth of 21.7% [9]. - For fiscal 2026, revenues are now projected between $996 million and $1,001 million, a reduction from the previous forecast of $1,007-$1,012 million, compared to $821.5 million reported in fiscal 2025 [10]. - Full-year adjusted gross margin is expected to remain between 78.5% and 79.5%, while the adjusted operating margin is projected to be in the range of 3-4%, an improvement from the negative 3% reported in fiscal 2025 [11]. Strategic Initiatives - The company has initiated a share repurchase authorization program, with the board approving $200 million for share repurchases, to be executed based on market conditions and regulatory requirements [8].

Group 1 - Khaveen Investments is a global Investment Advisory Firm serving high-net-worth individuals, corporations, associations, and institutions with comprehensive services including market and security research, business valuation, and wealth management [1] - The firm's flagship Macroquantamental Hedge Fund maintains a diversified portfolio with exposure to hundreds of investments across various asset classes, geographies, sectors, and industries [1] - Khaveen Investments employs a multifaceted investment approach that integrates top-down and bottom-up analysis, blending three core strategies: global macro, fundamental, and quantitative [1] Group 2 - The company's core expertise lies in disruptive technologies reshaping modern industries, including Artificial Intelligence, Cloud Computing, 5G, Autonomous and Electric Vehicles, FinTech, Augmented and Virtual Reality, and the Internet of Things (IoT) [1]

点击蓝字，关注我们 5月14日，腾讯控股(00700)将公布2025年一季度业绩。赛富时公布了超预期的第一财季业 绩，同时上调了2026财年营收指引。 得益于云计算支出的强劲增长以及其人工智能(AI)代理平台商业化进程的加速，全球领先的客户关系 管理软件提供商 赛富时(CRM.US)公布了超预期的第一财季业绩，同时上调了2026财年营收指引。 财报显示，该公司第一财季营收同比增长8%至98亿美元，未履约订单金额达609亿美元，调整后每 股收益2.58美元，各项指标均超市场预期。 根据最新预测，在截至2026年1月的财年中，该公司营收预计将达到410亿至413亿美元，此前预期为 405亿至409亿美元。 尽管过去几个月全球宏观经济存在不确定性，但大型企业仍持续加大云计算投入，通过AI技术升级 数字基础设施。这一趋势为赛富时带来了持续的业务增长。 云计算支出的增加为赛富时的人工智能代理平台Agentforce的商业化进程提供了有力支撑。该公司正 全力押注智能代理技术，以推动其软件产品的市场渗透。 数据显示，赛富时的AI代理平台"Agentforce"产品已获得市场初步认可，目前累计完成超4000笔付费 交易，但投 ...

南都讯 记者杨亮 珠海自去年全面启动云上智城建设以来取得了哪些进展？ 面对国内多个城市竞相建设 智能算力，珠海如何抢占行业高地？ 5月28日召开的广东省人工智能与机器人产业创新产品与服务发布 会（珠海专场）暨珠海云上智城产业发展大会上给出了答案。 南都记者获悉，截至目前，珠海本地智能算力规模已达1780P；超200个数据产品上架数据交易所，涌 现多个全国、全省"首单"数据产品，交易总额位居全省第三。现场同时发布了珠海云上智城三大创新成 果，多个全国首个、行业首个让其备受瞩目。 亮成绩：珠海数据产品交易总额跻身全省第三 "云上智城"究竟是什么？有业内人士解释，其本质上是在搭建一个开放的技术中台，让企业能够以更低 成本接入城市资源，为技术提供城市级的试验场，加速产品从实验室到市场的转化。这种模式类似于新 加坡的"智慧国"计划，通过政府主导的基础设施建设，降低创新门槛，激发市场活力。 相关负责人表示，下一步将通过应用推广，支持更多的算力、数据和大模型资源的接入，链接更多的设 备、装备、场景资源，推动把地方标准上升为国家相关标准，加速云上智城体系建设。 那么，珠海自去年全面启动建设"云上智城"以来，究竟取得了哪些进展 ...

Pure Storage (PSTG) Q1 2026 Earnings Call May 28, 2025 05:00 PM ET Company Participants Paul Ziots - Vice President-Investor RelationsCharles Giancarlo - Chairman & CEOKevan Krysler - CFOAmit Daryanani - Senior Managing Director - Equity ResearchRob Lee - Chief Technology OfficerPinjalim Bora - Executive Director - Equity ResearchJason Ader - Co-Group Head - Technology, Media & CommunicationsMeta Marshall - Managing DirectorSimon Leopold - Managing DirectorMichael Cadiz - Assistant Vice President, Equity re ...

Ooma (OOMA) Q1 2026 Earnings Call May 28, 2025 05:00 PM ET Company Participants Matt Robison - Director of IR and Corporate DevelopmentEric Stang - President, CEO & Board of Directors MemberShig Hamamatsu - Vice President, Chief Financial Officer and TreasurerAlinda Li - Equity Research AssociateBrian Kinstlinger - MD, Director of Research & Head of Technology ResearchKincaid LaCorte - Equity Research Associate Conference Call Participants Eric Martinuzzi - Senior Research AnalystJosh Nichols - Senior Resea ...

Financial Data and Key Metrics Changes - For Q1 FY 2026, the company achieved revenue of $65 million, a 4% year-over-year growth, and non-GAAP net income of $5.6 million, which is a 56% increase compared to the prior year [8][16][22] - Adjusted EBITDA for the quarter was $6.7 million, representing a 33% growth year-over-year [22] - The annual exit recurring revenue was $234 million, up 33% year-over-year [19] Business Line Data and Key Metrics Changes - Business subscription and services revenue grew 6% year-over-year, accounting for 62% of total subscription and services revenue [16][17] - Residential subscription and services revenue declined by 2% year-over-year [17] - Ooma Office saw an increase in new account wins, with 61% of new Office users opting for a premium service tier, the highest ever [11][19] Market Data and Key Metrics Changes - The company serves over 500 hotels across North America, indicating strong traction in the hospitality sector [10][60] - The number of Airdial reseller partners increased to over 30, with significant new customer wins in Q1 [13][52] Company Strategy and Development Direction - The company focuses on four market segments: cloud communications for small businesses, POTS replacement, wholesale platform services, and residential telephony [8][9] - The company is optimistic about Airdial growth and has made significant investments in developing solutions for its target segments [26] - The company aims to maintain a strong gross margin of 72% for subscription and services while investing in infrastructure to support growth [20][49] Management's Comments on Operating Environment and Future Outlook - Management noted a steady demand environment for UCaaS solutions, while demand for Airdial is accelerating [32][33] - The company expects to see continued growth in adjusted EBITDA and free cash flow, reaffirming its revenue guidance for FY 2026 [24][25] Other Important Information - The company ended Q1 with total cash and investments of $19 million and generated $3.7 million of operating cash flow [22][23] - The company is raising the low end of its non-GAAP net income guidance for FY 2026 to a range of $22.5 million to $23.5 million [25] Q&A Session Summary Question: What contributed to the 1% increase in NRR this quarter? - The retention rate improvement was largely due to the improvement in non-Regis subscription revenue, offsetting the anticipated decline from Regis [28][29] Question: What are you seeing in the demand environment? - The demand environment for UCaaS solutions has remained steady, while Airdial demand is accelerating [32][33] Question: Is there any change to visibility on when adoption will begin to ramp? - The company is optimistic about early opportunities with Comcast and expects continued growth through the year [37][38] Question: What impact have tariffs had on your subscriber base? - There has been no significant impact from tariffs on the customer base or sales opportunities [39] Question: What areas will you be investing in moving forward? - The company is reallocating sales and marketing spend towards Airdial and 2600 Hertz, while maintaining significant R&D investment [44][46] Question: Can you quantify the number of lines that churned at Regis? - Approximately $12,000 to $13,000 in churn occurred over the last two quarters at Regis [90][92] Question: What is a reasonable goal for adjusted EBITDA margin in the future? - The company believes there is potential for significantly higher adjusted EBITDA margins in the future [96]

Financial Data and Key Metrics Changes - The company reported quarterly revenue of $639 million, exceeding the guided range of $620 million to $630 million, representing a year-over-year growth rate of 22% [14][15] - Annual Recurring Revenue (ARR) at the end of Q3 was $2.14 billion, reflecting an 18% year-over-year growth [15][18] - Non-GAAP gross margin in Q3 was 88.2%, and non-GAAP operating margin was 21.5%, higher than the guided range of 17% to 18% [16][18] - Non-GAAP net income in Q3 was $125 million, translating to a fully diluted EPS of $0.42 per share [17][18] - Free cash flow in Q3 was $203 million, representing a free cash flow margin of 32% [18] Business Line Data and Key Metrics Changes - The company experienced strong new logo growth across all customer segments, with significant wins in large organizations modernizing their IT infrastructure [9][10] - The average contract duration increased to 3.1 years, slightly higher than expectations [16] - The net dollar-based retention rate (NRR) at the end of Q3 was 110%, remaining flat quarter-over-quarter [16] Market Data and Key Metrics Changes - The company noted strong demand for its solutions, particularly in the federal business, despite longer deal cycles due to changes in the federal government [26][27] - The company is optimistic about opportunities in the federal sector, focusing on modernization and total cost of ownership (TCO) improvements [26] Company Strategy and Development Direction - The company aims to become the leading platform for running applications and managing data anywhere, focusing on hybrid multi-cloud capabilities and partnerships [12][13] - Recent partnerships with Dell and Pure Storage are expected to enhance the company's offerings and market reach [12][63] - The company is expanding its cloud platform to support Google Cloud and announced new solutions to enable modern applications [12][13] Management's Comments on Operating Environment and Future Outlook - Management acknowledged a dynamic macro environment affecting deal cycles and customer engagement but remains optimistic about continued demand for their solutions [25][26] - The company expects to continue adding new customers while noting that Q4 presents a tough year-over-year comparison for new logo additions [21] - Management raised full-year guidance across all metrics, reflecting confidence in sustained growth and profitability [22][20] Other Important Information - The company repurchased $38 million worth of common stock during Q3 and used approximately $65 million to retire shares related to employee tax liabilities [19] - The updated guidance for fiscal year 2025 includes revenue of $2.52 billion to $2.53 billion, representing a year-over-year growth of approximately 17.5% [20] Q&A Session Summary Question: Can you walk us through the linearity seen throughout the quarter? - Management noted that while linearity can vary, they have not seen significant changes in deal cycles, although some variability exists in the federal business [30][31] Question: What is the delta between NCIC and the core standard NCI license? - The NCIC offering includes the platform minus the storage, and early customer feedback has been positive [39] Question: What is driving the increase in operating margin guidance? - The increase is attributed to timing of hiring and expected productivity improvements, along with prudent investments in areas with anticipated returns [41][45] Question: How did the renewals business perform versus land and expand? - The company saw strong new logo growth and solid renewals in Q3, with a greater mix of larger deals in the pipeline [78][79] Question: What is the pricing environment like? - The pricing environment has been stable, with no significant changes noted, and the company continues to see traction in new customer acquisitions [74][75] Question: How is the company addressing the competitive landscape, particularly with VMware? - The company is gaining traction with new customers, many of whom are adopting their hypervisor, and is optimistic about opportunities arising from VMware's changes [72][74]