Delray Beach, FL, Aug. 22, 2025 (GLOBE NEWSWIRE) -- According to MarketsandMarkets™, the Open Banking Solutions Market size is expected to grow from USD 5.5 billion in 2023 to USD 11.7 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 16.0% during the forecast period. It is noticed that consumers increasingly prefer mobile apps for banking transactions that facilitate seamless fund transfers, bill payments, and account management, web portals that in the current era serve as comprehensive platforms ...

Core Insights - Pegasystems Inc. (PEGA) exceeded expectations in its fiscal second-quarter 2025 results, showcasing strong momentum driven by its cloud strategy [1][3] - The company reported total revenue of $384.5 million, a 9% year-over-year increase, surpassing analyst estimates [3][4] - Cloud revenue surged by 24% year-over-year, reaching $166.7 million, which constitutes 43% of total revenue [4][5] Financial Performance - Annual Contract Value (ACV) rose 16% year-over-year to $1.514 billion, exceeding the estimated $1.476 billion [4][6] - Pega Cloud ACV increased by 28% year-over-year, reaching $761.1 million, indicating a shift from on-premise to cloud-based deployments [5][6] - Recurring maintenance revenue was $79.3 million, slightly above the projection of $76.5 million, while term license revenue was $74.6 million, down 6% year-over-year but beating estimates [6] Guidance and Future Outlook - The company reaffirmed its fiscal 2025 guidance, projecting 12% ACV growth, total revenue of $1.7 billion (up 7% year-over-year), and $440 million in free cash flow [7][8] - Analysts expect Pegasystems to generate $452.2 million in free cash flow for fiscal 2025, translating to a 27% free cash flow margin [8] - The company is well-positioned for long-term growth, with strong momentum in its cloud business and reduced legal risks [9]

Core Insights - Guidewire Software, Inc (GWRE) is expected to report third-quarter fiscal 2025 results, with management projecting revenues between $283 million and $289 million, and a Zacks Consensus Estimate of $285.7 million, reflecting an 18.7% year-over-year increase [1][3] - The consensus estimate for earnings per share is 46 cents, unchanged over the past 60 days, compared to 26 cents per share in the same quarter last year [1][3] Revenue and Earnings Expectations - GWRE anticipates subscription and support revenues of $178 million and services revenues of $52 million, with modest sequential growth in subscription revenues due to three fewer calendar days in the quarter [5][7] - Non-GAAP operating income is projected to be between $36 million and $42 million, with subscription gross margin expected to be 68-69% [7][8] Market Performance and Growth Drivers - GWRE has experienced a trailing four-quarter earnings surprise of 40.2% on average, and its shares have increased by 96.1% over the past year, outperforming the Internet-Software industry's growth of 35% [3][4] - The company's performance is likely supported by strong demand for cloud-based solutions and a robust deal volume, particularly among Tier 1 insurers, as well as increasing international momentum in regions like Asia Pacific and Europe [3][4][6] Annual Recurring Revenue (ARR) and Margins - For Q3 fiscal 2025, ARR is expected to be between $942 million and $947 million, with an estimate of $944.6 million [8] - The non-GAAP gross margin for subscription and support is anticipated to be 68.7%, with operating income estimated at $39 million, representing an 87.8% year-over-year increase [9] Challenges and Considerations - The company faces challenges from increasing investments in product enhancements and potential impacts from global macroeconomic conditions and inflation, which may affect license revenues due to the migration of on-premise customers to the cloud [9][10]

Core Insights - Wolters Kluwer reported a solid start to 2025 with sustained growth in recurring revenues and margin improvement, reaffirming full-year guidance [4][8][17] Financial Performance - First-quarter revenues increased by 8% in reporting currencies, with organic growth of 5% compared to 6% in 1Q 2024 [5] - Recurring revenues, which constitute 83% of total revenues, grew by 7% organically, consistent with the previous year [5] - Non-recurring revenues declined by 2% organically, with notable growth in Financial & Corporate Compliance and Legal & Regulatory transactional revenues [5][9][10] - Adjusted operating profit increased by 11% at constant currencies, while adjusted free cash flow rose by 5% [8] Segment Performance - Health revenues grew by 3% in constant currencies and 4% organically, with Clinical Solutions achieving 5% organic growth [6] - Tax & Accounting revenues increased by 8% in constant currencies and 5% organically, with cloud software subscriptions growing by 19% [7] - Corporate Performance & ESG revenues saw a 10% increase in constant currencies and organically, driven by strong growth in EHS & ESG solutions [11] Cash Flow and Debt - Cash conversion improved modestly, with adjusted free cash flow increasing by 5% in constant currencies [12] - Net debt stood at €3,347 million as of March 31, 2025, with a net-debt-to-EBITDA ratio of 1.7x [13] Shareholder Returns - The company completed €286 million of its planned €1 billion share buyback program as of May 5, 2025 [8][14] - A proposed total dividend of €2.33 for financial year 2024 represents a 12% increase compared to the previous year [15] Guidance and Outlook - Full-year 2025 guidance remains unchanged, with expectations for organic growth in line with prior year [17][21][22] - Adjusted operating profit margin is anticipated to improve, particularly in Health and Corporate Performance & ESG [17]

Core Insights - Snowflake Inc. reported quarterly earnings of $0.30 per share, exceeding the Zacks Consensus Estimate of $0.17 per share, although down from $0.35 per share a year ago [1] - The company achieved revenues of $986.77 million for the quarter ended January 2025, surpassing the Zacks Consensus Estimate by 3.58% and up from $774.7 million year-over-year [2] - Snowflake projected fiscal 2026 product revenue growth of 24%, reaching $4.28 billion, exceeding analysts' expectations of $4.21 billion [3] Financial Performance - The fourth-quarter revenue of $986.8 million exceeded the estimated $955.9 million, driven by rising demand for cloud-based solutions [5] - For the first quarter, Snowflake forecasts product revenue between $955 million and $960 million, outperforming analysts' projection of $949.3 million [3] AI Integration and Market Trends - The integration of OpenAI's models into Snowflake Cortex AI enhances its appeal to businesses seeking AI-powered data management solutions [4] - The ongoing shift towards cloud-based solutions is increasing demand for Snowflake's services [5] Management Changes - CFO Michael Scarpelli will retire but will remain until a successor is appointed, after which he will transition to an advisory role [6] Analyst Ratings and Price Targets - The average price target for Snowflake Inc. was $191.89, with a range from $115.00 to $225.00, prior to the earnings release [7] - Snowflake Inc. has an average brokerage recommendation (ABR) of 1.63, indicating a strong buy sentiment, compared to an ABR of 1.72 a month ago [8] - Of the 43 recommendations, 29 are Strong Buy, accounting for 67.44% of all recommendations, an increase from 65.12% a month ago [9] ETFs Exposure - Several exchange-traded funds (ETFs) with significant exposure to Snowflake include Spear Alpha ETF (SPRX), TrueShares Technology, AI & Deep Learning ETF (LRNZ), and Global X Cloud Computing ETF (CLOU) [10]