Core Viewpoint - The FactSet Buy-Side Forum will return to the Asia-Pacific region in November 2025, focusing on discussions around corporate development and innovation [2][4]. Group 1: Event Details - The event is scheduled for November 4, 2025, at the Hong Kong Marriott Hotel, conducted in English, and requires registration for participation [5]. - The agenda includes a series of keynote speeches and expert panels discussing topics such as AI-driven innovation and the future of market data infrastructure [7][10]. Group 2: Key Speakers - Stephen Hung, Sales Director for Hong Kong and North Asia at FactSet, will deliver the opening remarks [8]. - Ryan Roser, Head of AI and Machine Learning at FactSet, will present a keynote on "FactSet AI: Driving Innovation and Insights" [7][8]. - Jonas Svallin, Senior Director of Quantitative Solutions at FactSet, will discuss how programmatic solutions shape the future of buy-side workflows [7][10].

Group 1 - GDS Holdings (GDS.US) is expected to release its financial report before the market opens on August 20, with projected revenue of 28.38 billion yuan for Q2 2025, reflecting a year-on-year increase of 0.40% [1] - The anticipated earnings per share (EPS) is -0.70 yuan, indicating a year-on-year narrowing of losses by 46.07% [1] - UBS has raised its target price for GDS from $45 to $50, maintaining a "Buy" rating due to sustained demand for GenAI and higher barriers to entry in the AI data center industry [1] Group 2 - As of August 18, GDS's closing price was $32.230, with a pre-market price of $32.790 on August 19, reflecting a 2% increase [1] - The company has a total market capitalization of $6.366 billion, with a price-to-earnings (P/E) ratio of 9.84 and a price-to-book (P/B) ratio of 1.968 [1] - GDS's stock has seen a 52-week high of $52.500 and a low of $15.880, indicating significant volatility in its share price [1]

Core Insights - Globant S.A. (GLOB) reported Q2 2025 non-GAAP EPS of $1.53, exceeding the Zacks Consensus Estimate of $1.52, and up from $1.51 in the prior-year quarter [1] - Revenues for the quarter reached $614.2 million, surpassing the Zacks Consensus Estimate of $613 million, marking a 4.5% year-over-year increase [1] Financial Performance - The company had a record pipeline of $3.7 billion, a 25% increase from the previous year, indicating strong growth potential in AI-driven opportunities [3][9] - Adjusted net income for the period was $69.7 million, reflecting a 4.2% year-over-year increase [11] - Non-IFRS adjusted gross margin remained flat at 38.1%, while the adjusted profit from operations margin slightly decreased to 15% from 15.1% [11] Revenue Breakdown - Revenue from Media and Entertainment decreased by 8.3% year over year to $122 million [6] - Technology & Telecommunications revenues fell by 9.8% year over year to $56.2 million [6] - Travel & Hospitality revenues increased by 24.6% year over year to $79.8 million [6] - Banks, Financial Services, and Insurance revenues rose by 21% year over year to $126.6 million [7] - Healthcare revenues increased by 3.5% year over year to $43.8 million [10] Customer Base - As of June 30, 2025, GLOB served 981 customers, with 339 clients generating over $1 million in annual revenues, up from 329 the previous year [5] - The top five customers accounted for 20.3% of total revenues, while the top ten customers contributed 29.3% [5] Guidance and Outlook - For Q3 2025, GLOB expects revenues of at least $615 million, reflecting a 0.1% year-over-year growth [13] - For the full year 2025, the company anticipates revenues of at least $2.445 billion, representing a 1.2% year-over-year growth, revised down from an earlier projection of $2.464 billion [14]

万国数据(GDS.US)盘前涨3.09%，报32.38美元。消息面上，瑞银发研报指，由于GenAI需求前景持续以 及踏入AI DC行业门槛更高，预期万国数据开发收益率将至少维持在14%或资本支出的7倍，直至 EBITDA成熟。该行预料，万国数据的7倍开发成本将转化为高单位数百分比的无杠杆10年期内部收益 率，这意味着在没有强劲执行力的情况下，净利润率较低，因此租金进一步下跌的空间有限。该行将其 目标价由45美元上调至50美元，其评级为"买入"。(格隆汇) | GDS 万国数据 | | 507 | | --- | --- | --- | | 31.4104-0.430 -1.35% | | 收盘价 08/15 16:00 美东 | | 32.380 ↑ 0.970 +3.09% | | 盘前价 08/18 05:36 美东 | | 雪 5 24 4 5 8 9 同 ♥ 郎 秒 郎 出 | | ● 快捷交易 | | 最高价 32.800 | 开盘价 32.100 | 成交量 265.67万 | | 最低价 31.370 | 昨收价 31.840 | 成交额 8427.4万 | | 平均价 31.721 | 市空率 ...

Group 1 - The article assigns a 'Buy' rating for Accenture plc (NYSE: ACN) stock with a 2-3 year investment timeline [1] - The rationale for the 'Buy' rating is based on a dislocation between current market conditions and the company's potential [1]

Core Insights - Globant reported a revenue of $614.2 million for Q2 2025, reflecting a 4.5% year-over-year growth [7] - The company’s pipeline reached an all-time high of $3.7 billion, up 25% year-over-year, driven by strong demand for its AI-related offerings [2][3] - The adjusted diluted EPS for Q2 2025 was $1.53, compared to $1.51 in Q2 2024 [7] Financial Performance - Revenues for the first half of 2025 totaled $1.225 billion, compared to $1.159 billion in the same period of 2024 [16] - The adjusted operating margin for Q2 2025 was 15.0%, consistent with the previous year [7] - The company incurred a one-time charge of $47.6 million as part of its Business Optimization Plan [3][21] Market Position and Strategy - Globant is positioning itself as a full-stack AI company, focusing on AI Pods, subscription models, and the Globant Enterprise AI platform [2] - The geographic revenue breakdown for Q2 2025 showed 54.1% from North America, 19.7% from Latin America, 19.6% from Europe, and 6.6% from new markets [7] - The company served 981 customers in the last twelve months, with 339 accounts generating over $1 million in annual revenues [7][22] Future Outlook - For Q3 2025, revenues are estimated to be at least $615.0 million, indicating a slight growth [7] - The fiscal year 2025 revenue is projected to be at least $2.445 billion, implying a year-over-year growth of at least 1.2% [13] - The estimated Non-IFRS Adjusted Profit from Operations Margin for fiscal year 2025 is at least 15.0% [13]

Core Viewpoint - Baird has upgraded the rating of Israeli software company Monday.com (MNDY.US) from "Neutral" to "Outperform," raising the target price from $280 to $310, driven by the company's strong position in the collaborative work management software sector, which aligns with the rise of generative artificial intelligence [1] Group 1 - The rating adjustment is based on multiple factors, including Monday.com's advantageous position in the workflow sector, which is seen as a key area for businesses to unlock GenAI and Agentic value [1] - Analysts Rob Oliver and Patrick Schulz emphasize that Monday.com is well-positioned to leverage its leadership in workflow to create broader value opportunities [1] - Baird anticipates another strong quarter for Monday.com, noting that the evolution of AI in the SaaS sector is increasingly influencing mid- to long-term investment decisions based on the sustainability of platform value [1] Group 2 - Unlike competitors, Monday.com has "productized" its platform, creating value around use cases and purchasing centers, which has generated significant interest from potential shareholders [1] - The company is expected to deliver solid performance in the second quarter, with positive catalysts anticipated from the user conference and investor day events in September [1]

Group 1 - The company reported a revenue of 360.76 billion yuan for the first half of 2025, representing a year-on-year growth of 35.58% [1] - The net profit attributable to shareholders reached 12.113 billion yuan, an increase of 38.61% year-on-year, with a basic earnings per share of 0.61 yuan [1] - The company's core business demonstrated strong growth momentum, with both order scale and value increasing significantly [1] Group 2 - In the cloud computing sector, the product structure continued to optimize, with the proportion of AI servers steadily increasing [1] - Overall server revenue grew by over 50% in the second quarter, while revenue from cloud service provider servers increased by over 150% year-on-year, and AI server revenue rose by over 60% [1] - The GB200 series products achieved mass production with improving yield rates and increasing shipment volumes [1] Group 3 - In the precision components business, the shipment volume increased by 17% year-on-year, benefiting from the hot sales of specific models [2] - The high-end smartphone market trend is expected to continue, with GenAI and foldable devices providing new growth momentum for the industry [2] - Revenue from 800G high-speed switches nearly tripled compared to the entire year of 2024, indicating strong demand in the market [2] Group 4 - The company strengthened its market share among core customer groups through deepened cooperation and optimized product structure [2] - The company is expanding its global production capacity and integrating industry chain resources to enhance its delivery capabilities [2] - The company is reinforcing its competitiveness in the global high-performance computing and AI infrastructure sectors [2]

Core Insights - Chime aims to become the largest provider of primary account relationships in the U.S. as stated by CEO Chris Britt during the company's first earnings call [1] - Analysts are focusing on Chime's user base expansion, member spending durability, and the impact of proposed bank data fees on its business model [2] Business Strategy - Chime is enhancing user experience by allowing newcomers to try services without immediate commitment, broadening access to features like Apple Pay and mobile check deposits [3] - The company is targeting improved activation and funding rates by offering introductory access to value propositions previously behind a direct deposit requirement [3] Financial Performance - Revenue increased by 37% year-over-year to $528 million for the quarter ending June 30, with payments revenue growing 19% to $366 million and platform-related revenue (including MyPay) climbing 113% to $162 million [8] - Active members rose by 23% to 8.7 million, and average revenue per active member (ARPAM) increased by 12% [8] Product Development - Chime's earned-wage access feature, MyPay, has reached a revenue run rate of approximately $300 million, with improved loss rates and tripled transaction margins quarter-over-quarter [5] - The company is also scaling Instant Loans and introducing "Chime Plus," a free tier offering higher savings rates and cash-back offers [8] Market Position - Chime claims to serve customers at about one-third the cost of large banks and one-fifth the cost of regional banks, leveraging its proprietary ledger and processing system to enhance unit costs [8] - The company maintains a strong brand presence with unaided brand awareness at 40%, comparable to major U.S. banks, and over half of new members are acquired through organic and referral channels [8] Future Outlook - Guidance for Q3 revenue is set between $525 million and $535 million, with full-year revenue projected at $2.135 billion to $2.155 billion, and an adjusted EBITDA margin of about 4% for 2025 [9]

Financial Data and Key Metrics Changes - In Q2 2025, total revenue grew 27% year over year to $104 million, with an adjusted EBITDA margin of 43% or $45 million, aligning with the raised full-year guidance [11][14] - Direct revenue for the quarter was $87 million, up 24% year over year, driven by subscription offerings and optimizations [12] - Average monthly active users (MAUs) increased by 6% year over year to 14.9 million, while average paying users rose 16% to 1.2 million [12] - Net income for Q2 was $17 million, representing 16% of revenue, compared to a net loss of $22 million in the same period last year [13] Business Line Data and Key Metrics Changes - Direct revenue growth was led by subscription offerings, with average direct revenue per paying user increasing 7% to $23.65 [12] - Indirect revenue reached $17 million, up 39% year over year, driven by new third-party advertising partners and traction in international markets [12] Market Data and Key Metrics Changes - The company noted strong engagement in the Explore feature, with over 25% of users utilizing it monthly, and launched Explore heat maps across 21 markets [6][12] - The company is focusing on expanding its presence in developing markets like India and the Philippines, where there is significant growth potential [27] Company Strategy and Development Direction - The company aims to build one of the leading AI-native consumer companies, leveraging GenAI to enhance user experiences and drive long-term revenue growth [7] - The introduction of mapping features is expected to enhance local discovery and user engagement, with plans for future product initiatives [31] - The company is committed to improving its marketing strategies in various regions, particularly in Latin America and Asia, to better penetrate those markets [25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to deliver strong results while executing its long-term vision [5][10] - The company reaffirmed its full-year 2025 outlook of at least 26% revenue growth and an adjusted EBITDA margin of at least 43% [14] Other Important Information - The CFO transition is underway, with the current CFO continuing in her role until a successor is identified [9] - The company has repurchased $325 million in common stock year to date, with $175 million remaining under the share repurchase program [14] Q&A Session Summary Question: What drove the MAU growth in Q2? - Management highlighted three drivers: strong engagement among younger user cohorts, reliance on unique device counting for MAUs, and organic growth from brand recognition [20][21][24] Question: Can you elaborate on the acceleration in indirect revenue? - The CEO noted that indirect revenue growth was driven by increased ad placements and new third-party advertising partnerships, with a focus on maintaining CPM levels [38][39] Question: What are the key drivers behind the increase in operating expenses? - The CFO indicated that increased operating expenses reflect investments in product development and marketing, as well as a more predictable expense profile [43][44] Question: Are there any early learnings from pricing experiments? - Management emphasized that pricing changes will not materially impact 2025 and that the focus is on driving revenue growth through product enhancements [46][47]