Financial Data and Key Metrics Changes - The company achieved record revenue of $1,590,000,000, up 8% on a reported basis and 9% on a constant currency basis [13] - Adjusted EBITDA reached $580,000,000, an increase of $61,000,000 year on year, with an adjusted EBITDA margin of 36.4%, up 130 basis points year on year [14][15] - AFFO was $348,000,000, representing growth of 8% on a reported basis and 10% excluding FX [15] Business Line Data and Key Metrics Changes - Global RIM business revenue was $1,260,000,000, an increase of $46,000,000 year on year, with organic storage up 6% [16][19] - Data center revenue was $173,000,000, an increase of $29,000,000 year on year, with organic storage rental growth of 24% [20][21] - ALM revenue was $121,000,000, an increase of $37,000,000 or 44% year over year, with organic growth of 22% [22][71] Market Data and Key Metrics Changes - The company secured a ten-year contract in the UK to digitize documents, expanding its relationship significantly [2] - A significant contract with the Department of Treasury valued at approximately $140,000,000 was awarded, expected to generate revenue primarily in 2026 [4][29] - The company continues to see strong demand for data center development across its global portfolio, with a pipeline expected to reach 1.3 gigawatts [6] Company Strategy and Development Direction - The company is focused on expanding its DXP platform capabilities and tailoring use cases to industry-specific requirements [1] - The Matterhorn strategy emphasizes a single point of contact for customers to enhance cross-selling opportunities [45][46] - The company plans to selectively acquire ALM enterprise businesses to expand capabilities and geographic footprint [9][70] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving the leasing target of 125 megawatts for the year, citing a strong pipeline and customer conversations [36] - The outlook for 2025 has been raised, with total revenue expected to be between $6,740,000,000 and $6,890,000,000, representing year-on-year growth of 11% at the midpoint [26] - Management noted that tariff exposure is minimal, with less than 5% exposure in data center construction [31] Other Important Information - The company is increasing its full-year guidance based on strong Q1 performance and positive outlook [11][25] - Capital expenditures in Q1 were $657,000,000, with an unchanged outlook for the full year [24] Q&A Session Summary Question: Market for leasing and confidence in achieving 125 megawatts - Management indicated good leasing activity and confidence in achieving the 125 megawatt target based on pipeline and customer discussions [36] Question: Changes in demand for data centers - Management reported no significant changes in demand from customers, with strong interest across North America, Europe, and India [42] Question: Sales strategy and initiatives - The Matterhorn strategy focuses on a single customer point of contact to drive cross-selling and enhance growth [45][46] Question: Disaggregation of revenue increase - The increase of $90,000,000 in revenue was primarily due to FX changes, with $10,000,000 from the Premier acquisition and the remainder from operating performance [50] Question: Opportunities in data centers by region - Management highlighted strong pipelines in Northern Virginia, Richmond, Chicago, Amsterdam, and Mumbai as key markets for data center opportunities [55][56]

Financial Data and Key Metrics Changes - Total operating revenues for Q1 were $571.6 million, a decrease of 10.1% year-over-year, or 7.7% on a same-store basis [30] - Adjusted EBITDA totaled $50.5 million, representing a margin of 8.8%, with a year-over-year decline in line with expectations [31] - The company reported a net loss of $7 million in Q1, an improvement of approximately $77 million compared to the previous year [33] - Free cash flow in Q1 totaled $10.2 million, growing 7.6%, with expectations for similar performance in Q2 [38] Business Line Data and Key Metrics Changes - Total digital revenues in Q1 were $250.4 million, down 6.4% year-over-year, representing approximately 44% of total revenues [34] - Digital-only subscription revenues exceeded $43 million, reflecting minor same-store growth, impacted by elevated customer churn [34] - Adjusted EBITDA for the Digital Marketing Solutions (DMS) segment totaled $8.5 million, with core platform revenue at $108.2 million [37] Market Data and Key Metrics Changes - The company had 195 million average monthly unique visitors, growing over 4% compared to the prior year [14] - The UK market experienced a slowdown in digital advertising trends, reflective of the local economy [36] Company Strategy and Development Direction - The company aims to leverage its industry-leading scale and diverse digital businesses to drive long-term growth [11] - A key focus is on enhancing monetization opportunities through investments in digital initiatives and expanding first-party data [13] - The recent DOJ ruling against Google is seen as a potential catalyst for a more equitable digital advertising marketplace, benefiting the company [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving full-year 2025 business outlook despite a challenging first quarter [7] - The company anticipates a marked improvement in top-line trends, particularly in digital revenue, as it moves past unique first-quarter challenges [6] - Management noted that the fundamentals of the business are improving, with stronger retention and a more diversified revenue base [56] Other Important Information - The company reduced its debt by approximately $75 million in Q1, strengthening its capital structure [8] - A leadership transition occurred with the appointment of Tricia Gosser as Chief Financial Officer [9] Q&A Session Summary Question: Impact of DOJ case against Google - Management believes the DOJ's win sets the stage for a more favorable ad marketplace, leading to greater transparency and higher revenue shares for publishers [44] Question: Adjustments to affiliate revenue business - The company is working with affiliate partners to navigate changes and reenergize revenue growth through leveraging existing content [50] Question: Confidence in 2025 guidance - Management remains confident in the guidance, citing improvements in fundamentals and operational efficiencies [56] Question: Digital subscription revenue trends - On a same-store basis, there was some growth in digital subscriptions, but impacted by higher revenue reversals [73] Question: Tools to aggregate budgets onto the platform - The company is leveraging relationships with advertisers and building out first-party data solutions to drive up CPM [79] Question: Status of non-strategic asset sales - The company has largely worked through its real estate portfolio and does not feel pressured to sell assets that could negatively impact the business [83]

Mexican telecommunications operator reduces bill run times by 70% and achieves greater agility with Oracle Digital Business Experience on Oracle Cloud Infrastructure MEXICO CITY and AUSTIN, Texas, May 1, 2025 /PRNewswire/ -- Izzi, a subsidiary of Televisa Group, is modernizing its business support systems (BSS) in the cloud to bolster customer experience. By upgrading to the latest version of Oracle Communications Digital Business Experience running on Oracle Cloud Infrastructure (OCI), Izzi has reduced bil ...

Core Viewpoint - Clear Channel Outdoor Holdings, Inc. reported a 2.2% increase in consolidated revenue for Q1 2025, driven by growth in the America and Airports segments, and is optimistic about future performance due to a solid pipeline of business and strategic focus on U.S. operations [2][4][3]. Financial Performance - Consolidated revenue for Q1 2025 was $334.2 million, up from $326.8 million in Q1 2024, reflecting a 2.2% increase [5][35]. - America segment revenue increased by 1.8% to $254.2 million, while Airports segment revenue rose by 4.0% to $80.0 million [5][15]. - The company reported a net loss from continuing operations of $55.3 million, a 20.1% improvement compared to a loss of $69.2 million in the same period last year [5][22]. Adjusted EBITDA and AFFO - Adjusted EBITDA for Q1 2025 was $79.3 million, down 12.5% from $90.6 million in Q1 2024 [5][23]. - The company reported an Adjusted Funds From Operations (AFFO) of $(22.9) million, a decline of 78.4% compared to $(12.8) million in Q1 2024 [24][55]. Cost Management and Debt Reduction - The company successfully reduced corporate expenses by approximately $35 million annually and is focused on further reductions [3][19]. - Clear Channel Outdoor used proceeds from the sale of its Europe-North segment to fully prepay $375 million of its term loan facility, which is expected to lower interest expenses [8][30]. Strategic Focus - The company is transitioning to a U.S.-focused business model, having completed the majority of its international asset sales, which is expected to enhance financial resiliency and reduce operational risk [3][4]. - Future growth is anticipated from higher-margin U.S. assets and ongoing digital transformation initiatives [4][20]. Guidance - For Q2 2025, the company expects consolidated revenue between $393 million and $408 million, representing a 4% to 8% increase from the prior year [11]. - Full-year 2025 guidance for consolidated revenue remains unchanged at $1.562 billion to $1.607 billion, with an expected 7% increase year-over-year [12].

Financial Data and Key Metrics Changes - PTC reported a 10% year-over-year growth in Annual Recurring Revenue (ARR) and a 13% increase in free cash flow for Q2 [4][5][13] - The constant currency ARR at the end of Q2 was $2,326 million, reflecting a 10% increase year-over-year [13] - Free cash flow for Q2 was $279 million, which absorbed $3 million related to go-to-market realignment [14][16] Business Line Data and Key Metrics Changes - ARR growth was 8% in CAD, primarily driven by CREO, and 11% in PLM, driven by Windchill, CodeBeamer, and IoT [15] - The Americas saw a 9% ARR growth, Europe 11%, and Asia Pacific 10% year-over-year [15] Market Data and Key Metrics Changes - PTC's gross debt was $1,393 million, with a leverage ratio of 1.5 times [16] - The company paid down $500 million of senior notes due in February and reduced gross debt by $155 million in Q2 [16] Company Strategy and Development Direction - PTC's strategy focuses on deepening customer value through PLM, ALM, SLM, CAD, and SaaS, while leading innovation through applied generative AI [29] - The company is actively pursuing a go-to-market transformation to enhance execution and customer engagement [6][29] Management's Comments on Operating Environment and Future Outlook - Management acknowledged growing uncertainty related to global trade dynamics and macro pressures, which may affect customer buying behavior [9][10] - Despite the uncertainty, the long-term need for digital transformation remains strong, and PTC is well-positioned to support customers in this transition [12][30] Other Important Information - PTC continues to execute share buybacks under a $2 billion repurchase authorization, with $75 million used to repurchase shares in Q2 [5][16] - The company introduced several AI initiatives across its product lines, including Windchill AI and ServiceMax AI [8][53] Q&A Session Summary Question: Can you elaborate on the downside scenario for the 7% ARR growth? - Management explained that the 7% scenario considers potential delays and smaller deal sizes due to macroeconomic conditions, with a bottoms-up and tops-down assessment conducted [33][36][38] Question: What indicators show that the go-to-market changes are working? - The team reported low churn and successful execution of the vertical approach, which has improved customer engagement and pipeline quality [40][43] Question: How should investors think about the $1 billion free cash flow target next year? - Management indicated that it is premature to provide specifics, as various macroeconomic factors will influence the target [46][49] Question: How are customer discussions regarding AI adoption progressing? - Management noted increased customer engagement with AI products, emphasizing the importance of a solid product data foundation for effective AI utilization [52][54] Question: Are the conversations with customers indicating widespread deal postponements? - Management clarified that conversations vary by customer and vertical, with some customers moving forward while others may delay decisions [76][78] Question: What assumptions are behind the new ARR guidance range? - The guidance reflects a cautious outlook due to recent macroeconomic uncertainties, with the potential for improvement if trade issues are resolved [80][81]

Financial Data and Key Metrics Changes - PTC reported a 10% year-over-year growth in Annual Recurring Revenue (ARR) and a 13% increase in free cash flow for Q2 2025 [5][15] - The constant currency ARR at the end of Q2 was $2,326 million, reflecting a 10% increase year-over-year [15] - Free cash flow for Q2 was $279 million, which absorbed $3 million related to go-to-market realignment [16][17] Business Line Data and Key Metrics Changes - ARR growth was 8% in CAD, primarily driven by CREO, and 11% in PLM, driven by Windchill, CodeBeamer, and IoT [16] - The Americas saw a 9% growth in constant currency ARR, Europe 11%, and Asia Pacific 10% [16] Market Data and Key Metrics Changes - PTC's gross debt was $1,393 million, with a leverage ratio of 1.5 times [17] - The company paid down $500 million of senior notes due in February and reduced gross debt by $155 million in Q2 [17] Company Strategy and Development Direction - PTC's strategy focuses on deepening customer value through PLM, ALM, SLM, CAD, and SaaS, while leading innovation through applied generative AI [30] - The company is actively pursuing a go-to-market transformation to enhance execution and customer engagement [8][30] Management's Comments on Operating Environment and Future Outlook - Management acknowledged growing uncertainty related to global trade dynamics and macro pressures, which could affect customer buying behavior [10][11] - Despite the uncertainty, the long-term need for digital transformation remains strong, and PTC is well-positioned to support customers through this transition [12][13] Other Important Information - PTC continues to execute share buybacks under a $2 billion repurchase authorization, with $75 million used to repurchase shares in Q2 [17][18] - The company has raised the low end of its free cash flow guidance for 2025 to $840 million, reflecting strong execution and profitability focus [19] Q&A Session Summary Question: Could you dive deeper into the downside scenario for the 7% ARR? - Management explained that the 7% scenario assumes significant macro deterioration, with potential delays or downsizing of projects based on customer conversations [34][39] Question: What steps have been taken in the go-to-market strategy? - Management expressed confidence in the go-to-market transformation, highlighting low churn and successful retention of top talent [42][44] Question: How should we think about the $1 billion free cash flow target next year? - Management indicated that it is premature to provide specifics, as they need to assess various factors including interest rates and foreign exchange rates [46][48] Question: How are customer discussions regarding AI adoption progressing? - Management reported increased customer engagement regarding AI capabilities, with a belief that generative AI will drive future growth [52][54] Question: Is the macro uncertainty affecting specific products or verticals? - Management clarified that the uncertainty is not product-specific but relates to how customers are making investment decisions amid macroeconomic conditions [90][91]

Financial Performance - Q2'25 ARR as reported reached $2290 million, a 10% increase year-over-year[12] - Constant currency ARR at FY'25 Plan FX rates was $2326 million, also showing a 10% year-over-year growth[12] - Operating cash flow for Q2'25 was $281 million, a 12% increase compared to Q2'24[13] - Free cash flow for Q2'25 was $279 million, a 13% increase compared to Q2'24[13] Product and Geographic ARR - CAD ARR grew by 8% to $897 million on a constant currency basis[16] - PLM ARR grew by 11% to $1429 million on a constant currency basis[19] - Americas ARR grew by 9% to $1125 million on a constant currency basis[20] - Europe ARR grew by 11% to $861 million on a constant currency basis[21] - APAC ARR grew by 9% to $340 million on a constant currency basis[22] Balance Sheet and Capital Allocation - The company's gross debt was $1393 million with a weighted average interest rate of 52% as of Q2'25[24] - $155 million was used to pay down debt in Q2'25[26] - $75 million was used to repurchase shares of common stock in Q2'25[26] FY'25 Guidance - The company expects constant currency ARR growth of 7% to 9% for FY'25[27] - Free cash flow guidance for FY'25 is $840 million to $850 million[27]

Financial Data and Key Metrics Changes - The company generated net sales of $709 million, with adjusted EBITDA of $19.6 million, resulting in a 2.8% adjusted EBITDA margin [7][20] - Adjusted net income was $2.3 million, or $0.27 per share [22] - Total gross profit was $111 million, with a gross margin of 15.7%, down 190 basis points from the prior period [21] Business Line Data and Key Metrics Changes - Specialty Products accounted for approximately 70% of net sales but saw a nearly 5% year-over-year decline due to price deflation and volume pressure [8][23] - Specialty Products gross margin was 18.7%, down 200 basis points from the previous year [24] - Structural Products revenues increased over 3%, primarily due to significant price increases in lumber and volume increases in both lumber and panels [9][25] Market Data and Key Metrics Changes - The average lumber prices were up 13%, while panel prices were down 13% year-over-year [9] - The company noted that the housing market is facing challenges, with the lowest existing housing sales backdrop in thirty years [12] - Multifamily housing starts were significantly higher on a year-over-year basis, indicating a potential area of growth [13] Company Strategy and Development Direction - The company is focused on expanding its specialty product categories and gaining market share in engineered wood, siding, millwork, and outdoor living products [4] - Digital transformation efforts are on track, with Phase one expected to be completed by Q3 2025 [5] - The company is exploring greenfield and M&A opportunities to expand geographic reach and support specialty product sales growth [5] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing price deflation and lower volumes due to weather and macroeconomic forces but expressed optimism about future growth [4][11] - The company believes that long-term fundamentals of housing remain strong despite current market challenges [12][14] - Management indicated that while the near-term outlook is uncertain, they remain committed to their strategic priorities and long-term growth [19] Other Important Information - The company repurchased $15 million in shares during the first quarter, demonstrating a commitment to returning capital to shareholders [11][29] - The liquidity position remains strong, with cash on hand of $449 million and total available liquidity of approximately $795 million [26] Q&A Session Summary Question: Can you talk about the impacts and the associated outlook as it relates to challenges in the overall market? - Management noted competitive pricing pressures and softer demand due to market conditions affecting specialty margins, with plans to pass along tariff impacts through pricing [35][36] Question: Why would volume increases not translate to better margins? - Management explained that competitive pricing pressures exist despite volume growth, particularly in certain markets like Texas [44][46] Question: What is the company's strategy regarding inventory levels? - Management emphasized a disciplined approach to inventory management, noting that elevated levels were influenced by weather conditions and market softness [39][40] Question: How is the company prioritizing capital allocation? - Management stated that they are committed to greenfield and M&A opportunities while also being opportunistic with share repurchases [59][60] Question: What percent of lumber is sourced from Canada, and how would tariffs affect sourcing? - Management indicated that less than 20% of lumber is sourced from Canada and expressed confidence in passing through any tariff costs [67] Question: How is the pilot program to increase sales concentration with production builders progressing? - Management reported positive results from investments in builder pull-through capabilities, contributing to volume improvements [70][73]

BUENOS AIRES, Argentina, April 30, 2025 /PRNewswire/ -- Horacio Marín, President and CEO of YPF -leading energy company of Argentina and largest shale oil operator in the world outside the United States- and Martín Migoya, Co-founder and CEO of Globant -a digitally native company focused on reinventing businesses through innovative technology solutions- have signed a Memorandum of Understanding (MoU) that marks a significant milestone in the transformation of YPF's Supply Chain operations. Globant to su ...

Core Insights - Yum! Brands reported solid earnings driven by strong performance in Taco Bell and KFC, despite challenges in the Pizza Hut segment [1][2] - The company achieved a Non-GAAP EPS of $1.30, slightly above the expected $1.29, while revenue was $1.79 billion, below the anticipated $1.85 billion [1][3] Financial Performance - Non-GAAP EPS for Q1 2025 was $1.30, reflecting a 13.0% increase from $1.15 in Q1 2024 [3] - Revenue totaled $1.79 billion, an 11.8% increase year-over-year from $1.60 billion [3] - Operating profit reached $548 million, up 5.4% from $520 million in Q1 2024 [3] - KFC's operating margin decreased to 42.9% from 49.5% in Q1 2024, a decline of 6.6 percentage points [3][7] Business Overview - Yum! Brands operates over 61,000 restaurants globally, focusing on franchise relationships, global expansion, and digital transformation [4] - The company emphasizes digital innovations, with the Byte by Yum! platform enhancing operational efficiencies and driving digital sales [5] Segment Performance - Taco Bell achieved an 11% growth in U.S. system sales, with operating profit increasing by 16% year-over-year to $241 million in Q1 2025 [6] - KFC saw a 6% increase in system sales, supported by international unit growth, but its operating margin declined [7] - Pizza Hut's performance was hindered by competition and a need for market revitalization [7] Strategic Focus - Global system sales grew by 5% in Q1 2025, excluding foreign currency impacts, indicating successful international strategy and digital initiatives [8] - Digital sales accounted for over 50% of total system revenue in 2024, highlighting the importance of digital transformation [8] - Management is focused on long-term growth strategies, including enhancing digital platforms and franchise operations, amid CEO David Gibbs' upcoming retirement [9][10]