Financial Performance - Net sales were $936 million, a decrease of 4.9% year-over-year[12] - Constant currency net sales decreased by 6.7% year-over-year, including a 3.2% impact from Byte[10, 14] - Adjusted EBITDA was $197 million, a 14.6% increase year-over-year, with a margin of 21.1%, up 360 bps year-over-year[12, 14] - Adjusted EPS was $0.52, a 6.6% increase year-over-year[10, 14] - Operating cash flow was $48 million, a 77% decrease year-over-year[12] Segment Performance - Essential Dental Solutions (EDS) sales were $387 million, a reported increase of 2.9% and a constant currency increase of 1.1%[17] - Orthodontic and Implant Solutions (OIS) sales were $226 million, a reported decrease of 18.1% and a constant currency decrease of 19.4%, including a ~$35 million Byte impact[17] - Connected Technology Solutions (CTS) sales were $243 million, a reported decrease of 3.8% and a constant currency decrease of 5.9%[17] - Wellspect Healthcare sales were $80 million, a reported increase of 1.2% and a constant currency decrease of 2.5%, including a ~4.5% impact from prior year U S distributor initial stocking order[17] Regional Performance - U S net sales were $293 million, a constant currency decrease of 18.3%, including a 7.7% Byte impact[10] - Europe net sales were $404 million, a constant currency decrease of 0.4%[10] - Rest of World net sales were $239 million, a constant currency increase of 0.5%[10] Outlook - The company reaffirmed its FY2025 outlook, with constant currency growth between (4.0%) and (2.0%), including a (2.0%) Byte impact[19] - The company reaffirmed its FY2025 outlook, with reported sales between $3.60 billion and $3.70 billion[19] - The company reaffirmed its FY2025 outlook, with adjusted EBITDA margin greater than 19% and adjusted EPS between $1.80 and $2.00[19]

Financial Highlights - Fee-paying assets under management (FPAUM) reached $28.9 billion, a 21% increase year-over-year[7, 13] - Fee-Related Revenue was $72.7 million, representing a 6% year-over-year growth[7, 13] - Fee-Related Earnings totaled $35.4 million, a 5% increase compared to the previous year, with a 48.7% FRE margin[7, 13] - Adjusted Net Income (ANI) was $26.7 million, a 7% decrease year-over-year[7, 13] - Fully Diluted ANI per share was $0.23, a $0.01 decrease year-over-year[7, 13] Business Activities - $1.93 billion in fundraising and deployment marked the second consecutive quarter of record organic growth, offset by $435 million of stepdowns and expirations[13] - Private Equity Solutions contributed $1.25 billion, Private Credit Solutions added $568 million, and Venture Capital Solutions accounted for $114 million[13] - The acquisition of Qualitas Funds added approximately $1 billion of FPAUM[13] Capital Management - The company declared a quarterly cash dividend of $0.0375 per share for Class A and Class B stock[15] - 2,501,083 shares were repurchased in the quarter at a weighted average per share price of $10.49, representing over $26 million, and an additional $25 million was authorized under the buyback program[15]

Core Viewpoint - Conduent Incorporated is conducting its Q2 2025 earnings conference call, highlighting its financial performance and future outlook [1][2]. Group 1: Company Overview - The conference call is led by key executives including the President and CEO, Clifford A. Skelton, and CFO, Giles Goodburn [1][2]. - The call is being recorded and is available for public access through a webcast, with supporting documents filed with the SEC [2]. Group 2: Financial Reporting - The presentation includes non-GAAP financial measures, which are not calculated in accordance with U.S. GAAP, indicating a focus on alternative financial metrics [4].

Core Viewpoint - VNET Group, Inc. reported strong financial results for the first quarter of 2025, driven by significant growth in its wholesale IDC business and effective execution of its dual-core strategy [2][11][25]. Financial Highlights - Total net revenues increased by 18.3% year-over-year to RMB2.25 billion (US$309.5 million) from RMB1.90 billion in the same period of 2024 [6][11]. - Net revenues from the IDC business rose by 27.8% to RMB1.64 billion (US$226.2 million) from RMB1.28 billion in the same period of 2024 [12]. - Wholesale revenues surged by 86.5% to RMB673.2 million (US$92.8 million) from RMB361.0 million in the same period of 2024 [17]. - Retail revenues increased by 4.8% to RMB968.3 million (US$133.4 million) from RMB923.7 million in the same period of 2024 [17]. - Adjusted EBITDA grew by 26.4% year-over-year to RMB682.4 million (US$94.0 million), with an adjusted EBITDA margin of 30.4%, up from 28.4% in the same period of 2024 [20]. Operational Highlights - As of March 31, 2025, wholesale capacity in service increased by 88MW quarter-over-quarter to 573MW, with utilized capacity reaching a record high of 437MW [2][6]. - The utilization rate of wholesale capacity was 76.2% as of March 31, 2025, compared to 72.6% as of December 31, 2024 [6][12]. - Total capacity committed was 571MW as of March 31, 2025, with a commitment rate for capacity in service of 99.7% [6][12]. Business Outlook - The company expects total net revenues for 2025 to be between RMB9,100 million to RMB9,300 million, representing year-over-year growth of 10% to 13% [25]. - Adjusted EBITDA is projected to be in the range of RMB2,700 million to RMB2,760 million, indicating year-over-year growth of 11% to 14% [25].