Pegasystems (NasdaqGS:PEGA) Q4 2025 Earnings call February 11, 2026 08:00 AM ET Company ParticipantsAlan Trefler - Founder and CEOKen Stillwell - COO and CFOPatrick Walravens - Managing Director and Director of Technology ResearchPeter Welburn - VP of Corporate Development and Investor RelationsRaimo Lenschow - Managing DirectorRishi Jaluria - Managing DirectorConference Call ParticipantsBlair Abernethy - Managing Director and Senior Research AnalystDevin Au - Associate AnalystMark Schappel - SVP and Senior ...

Pegasystems (NasdaqGS:PEGA) Q4 2025 Earnings call February 11, 2026 08:00 AM ET Speaker5Ladies and gentlemen, thank you for standing by. My name is Krista, and I will be your conference operator today. At this time, I would like to welcome you to the Pegasystems fourth quarter and full year 2025 earnings conference call and webcast. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question ...

STAMFORD, Conn.--(BUSINESS WIRE)---- $III #AI--ISG said today that submissions to its ISG Case Study Research Program grew 35 percent in 2025, showing rising demand for enterprise transformation. ...

Core Insights - Omnicom has appointed Jantzen Bridges as Global President of Credera, aiming to enhance its enterprise transformation consultancy capabilities, particularly in AI-enabled transformation programs [1][3] - The company is expanding its services to help clients modernize organizations, optimize marketing and sales execution, and drive revenue growth [1][2] Company Overview - Omnicom is recognized as the world's leading marketing and sales company, focusing on intelligent growth through its Connected Capabilities that integrate various agency brands and expertise [6] - Credera, as Omnicom's enterprise transformation consultancy, specializes in designing data, cloud, technology, and operating solutions to enhance marketing and customer experiences [2][5] Leadership and Experience - Jantzen Bridges brings over 20 years of experience in leading high-growth businesses at global consulting firms, having worked with Fortune 500 clients on technology-enabled transformations [3][4] - Her approach emphasizes aligning business strategy, technology, and people to achieve sustained performance and integrated operating models [4][5] Strategic Positioning - Omnicom is positioned to meet the evolving needs of clients who require assistance in redesigning data platforms and technology strategies in an AI-driven environment [3][5] - The appointment of Bridges is seen as a reinforcement of Credera's role as a strategic partner for executives rethinking growth and operations [5]

Core Viewpoint - Marriott International is undergoing a leadership transition with the retirement of two long-time executives and the appointment of three seasoned leaders to enhance its growth strategy across global regions [2][3][15]. Leadership Changes - Liam Brown and Brian King will retire from their roles at the end of March and June 2026, respectively, after decades of service [3][4]. - Satya Anand will take over as Group President for U.S., Canada, and CALA, while Neal Jones will become President of EMEA, and Federico Greppi will lead CALA [3][15]. Contributions of Retiring Leaders - Liam Brown has nearly four decades of experience at Marriott, known for driving strategic growth and strengthening market position, particularly in franchising and brand management [4][5]. - Brian King has a three-decade career marked by transformative growth, including the acquisition of the City Express brand and expansion in the all-inclusive category, enhancing profitability in CALA [5][6]. New Leadership Profiles - Satya Anand, a 37-year veteran, has held various leadership roles and has been instrumental in driving digital transformation and growth in the EMEA region [6][7]. - Neal Jones brings three decades of experience, focusing on commercial strategy and brand positioning in EMEA, overseeing nearly 80 countries and 1,300 properties [9][10]. - Federico Greppi has over 22 years of hospitality experience, with a strong track record in operational and financial performance, and will lead CALA's growth [12][13]. Strategic Focus - The new leadership aims to foster greater alignment and collaboration across the U.S., Canada, and CALA, enhancing operational efficiency and market presence [7][15]. - The appointments are expected to position Marriott for continued growth, with a focus on innovation and strengthening owner relationships [15].

Financial Data and Key Metrics Changes - Reported net sales for Q2 were $4.9 billion, down 7%, with a 6-point headwind from divestitures and acquisitions [23] - Organic net sales decreased by 1%, while organic volume was flat, showing sequential improvement from Q1 [25] - Adjusted operating profit was $848 million, down 20% in constant currency, primarily due to lower volume and higher input costs [24][30] - Adjusted diluted earnings per share totaled $1.10, down 21% in constant currency [24] Business Line Data and Key Metrics Changes - North America Retail organic net sales were down 3%, driven by unfavorable price mix, but organic volume growth modestly outpaced Nielsen measured retail volume growth [25] - North America Pet segment saw a net sales increase of 11%, with organic net sales up 1%, driven by favorable price mix [26] - North America Foodservice organic net sales were flat, with growth in frozen baked goods and cereal offset by a decline in bakery flour [27] - International segment organic net sales increased by 4%, led by growth in Brazil, China, India, and North Asia [28] Market Data and Key Metrics Changes - In North America Retail, the company held or grew pound share in eight of its top 10 U.S. categories [8][25] - The North America Pet segment experienced mid-single-digit growth in cat feeding, while dog feeding results were mixed [16] - The international segment held or grew dollar share in 54% of priority businesses, with strong performance from Häagen-Dazs and Nature Valley [28] Company Strategy and Development Direction - The company is focused on enhancing the "Remarkability" of its brands to restore organic sales growth [3] - Key priorities include returning North America retail to volume growth, accelerating North America pet growth, and driving efficiencies to fund investments [5][6] - The Remarkable Experience Framework guides brand investment decisions, focusing on product, packaging, brand communications, omnichannel execution, and value [6][10] Management's Comments on Operating Environment and Future Outlook - Management noted a change in consumer behavior, with lower and middle-income consumers increasingly making food purchases on promotion [9] - The company remains confident in its strategy to deliver more value to consumers amid economic pressures [10] - Fiscal 2026 guidance was reaffirmed, with expectations for improved organic net sales in the second half [32][33] Other Important Information - The adjusted gross margin was 34.8% of net sales, down 150 basis points due to higher input costs [29] - Capital investments in the first half totaled $253 million, with $659 million paid in dividends [31] Q&A Session Summary Question: What are the expectations for organic net sales in the second half of fiscal 2026? - The company expects improved organic net sales driven by the expanded impact of remarkability investments and favorable trade timing benefits in Q4 [32] Question: How is the company addressing the challenges in the North America Pet segment? - The company is focusing on strengthening the core Blue Buffalo business and driving growth through new product launches like Love Made Fresh [18] Question: What are the anticipated impacts of divestitures on future performance? - The divestitures are expected to continue to pose headwinds, but the company is managing these impacts through strategic investments and operational efficiencies [24][30]

Company Overview - ServiceNow, Inc. is recognized as a leading AI platform for enterprise transformation, showcasing strong execution with a revenue growth of 22.5% in Q2 2025, driven by the adoption of workflow AI and offerings like Now Assist and Pro Plus [2][5] - The company's stock was trading at $822.07 as of December 1st, with trailing and forward P/E ratios of 98.24 and 39.53 respectively [1] Financial Performance - ServiceNow closed 21 large deals involving five or more Now Assist products, indicating robust demand for its AI solutions [2] - AI Pro Plus usage across ITSM, CSM, and HR increased over 50% sequentially, appearing in 18 of the top 20 deals [2] Product Development - The Workflow Data Fabric was featured in 17 major deals, highlighting the company's deep enterprise integration capabilities [3] - New capabilities such as Voice and Web Agents for task automation, Data Explorer for natural-language insights, and AI Lens for intelligent data capture have broadened the platform's reach [4] Strategic Partnerships - ServiceNow's partnerships with major companies like Microsoft and NVIDIA enhance its competitive position and ecosystem strength [4] Market Position and Future Outlook - As AI becomes more integrated into customer workflows, the focus is on maintaining attractive unit economics from AI add-ons and expanding within the existing enterprise base [5] - The company is well-positioned for growth in the 19–24% range as enterprises transition to an "agentic operating system" [5] - The bullish thesis on ServiceNow remains intact, emphasizing the acceleration of AI monetization and product traction [5]

Core Insights - TWFG Insurance has announced significant leadership changes aimed at accelerating growth and enhancing its competitive position in the insurance industry [1] Leadership Appointments - Katherine Nolan has been promoted from Chief Operating Officer to President, bringing over 16 years of experience and a proven track record in operational excellence and expansion [2] - Julie Benes has transitioned from General Counsel to Chief Legal Officer, focusing on legal and compliance matters while driving growth through mergers and acquisitions [3] - Mohan Vijayagopal has been appointed as Chief Technology Officer, leveraging over 20 years of technology leadership to advance TWFG's digital strategies and enterprise transformation [4] Company Vision - The leadership changes are seen as a pivotal moment for TWFG, with the executive management team poised to drive growth and innovation in the insurance sector [5]

Financial Data and Key Metrics Changes - For Q3 2025, revenue was $184.6 million, up 8.2% sequentially and 0.9% year over year, exceeding guidance [19] - Non-GAAP gross margin reached a record 39.6%, an increase of 850 basis points year over year and 180 basis points sequentially [25] - Non-GAAP operating income was $3.8 million, resulting in a non-GAAP operating margin of 2.1%, an improvement of 120 basis points year over year [29] Business Line Data and Key Metrics Changes - The enterprise segment generated $90.8 million in revenue, up 9.9% sequentially and 15.7% year over year, driven by strong demand for Pro AV managed switches [20] - Home networking revenue was $72.6 million, down 6.6% year over year but up 7.6% sequentially, with share growth in Wi-Fi 7 routers and mesh systems [21][15] - Mobile segment revenue was $21.1 million, down 20.7% year over year but up 3.3% sequentially, benefiting from high-end product adoption [21] Market Data and Key Metrics Changes - The enterprise segment's gross margin was 51%, up 630 basis points year over year, reflecting strong demand for managed switches [26] - The home networking segment's gross margin improved to 27.7%, up 590 basis points year over year, aided by a better product mix [27] - The mobile segment achieved record non-GAAP gross margins of 31%, an increase of 1,270 basis points year over year [26] Company Strategy and Development Direction - The company is undergoing a transformation aimed at long-term growth and profitability, with a focus on operational efficiency and capitalizing on market opportunities [4][6] - A new website was launched to reflect the rebranding of the commercial business to NETGEAR Enterprise, distinguishing it from consumer offerings [8] - The company plans to report on two segments going forward: NETGEAR Enterprise and NETGEAR Consumer, integrating mobile products into both segments [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the transformation efforts, noting that profitability milestones are being achieved ahead of expectations [6][18] - The company anticipates continued strong demand for enterprise products, although supply constraints may limit growth potential in the short term [31] - For Q4 2025, revenue guidance is set between $170 million and $185 million, with expectations of slight reductions in operating expenses [31][32] Other Important Information - The company repurchased $20 million of common stock during the quarter, reflecting a commitment to returning value to shareholders [6][30] - The annual recurring revenue (ARR) reached $37.9 million, growing 17.2% year over year, with 560,000 recurring subscribers at the end of Q3 [24] Q&A Session Summary Question: What is the gross margin headwind for Q4? - The main headwind is related to DDR4 memory pricing, affecting all segments but more acutely felt in home networking [35] Question: What factors could influence revenue guidance? - Supply constraints and the success of the Q4 holiday promotional period are key factors that could impact revenue [36] Question: What is the company's position regarding TP-Link? - There is significant government scrutiny around TP-Link, which may benefit NETGEAR as customers recognize it as a trusted U.S.-based partner [40] Question: What should investors be mindful of for 2026? - Seasonality in the consumer business and ongoing investments for growth are important considerations for shaping models for 2026 [42] Question: Can you elaborate on the enterprise networking and security integration? - The company aims to provide enterprise-level reliability with a simple user interface, focusing on software differentiation and recurring revenue [60]

Core Insights - A Verizon Business survey of 500 U.S. companies utilizing IoT services reveals significant optimism regarding ROI, growth potential, and ongoing technology use [2][4] - The survey highlights the importance of strong network foundations and effective IT integration for successful IoT deployment at scale [3][6] Group 1: Key Findings - 87% of respondents consider systems integration support from mobile network operators critical for successful IoT deployment [6] - 84% of enterprises view AI as a key technology for IoT, with 70% stating it has accelerated their IoT deployments [8] - More than 50% of organizations cite efficiency and productivity gains as the primary driver for IoT investment [8] - 98% of enterprises expect real benefits from IoT deployment within two years, with most anticipating returns in less than 12 months [8] Group 2: Industry-Specific Insights - In manufacturing and warehousing, 59% cite cost savings as the key driver for IoT deployments [10] - In retail, 83% of respondents are deploying or planning to deploy personalized customer experiences through IoT [11] - In logistics and supply chain, 58% are currently using IoT for real-time shipment tracking, with plans for warehouse automation and predictive maintenance [12] - In automotive, 94% of original equipment manufacturers agree that 5G provides the necessary speed and bandwidth [13] - In healthcare, 56% are utilizing IoT for remote patient monitoring [15] Group 3: Emerging Technologies - 52% of respondents plan to use private wireless networks for IoT projects in the next 12-24 months, a 24% increase from current usage [17] - 81% of organizations see value in 5G, with 74% planning to adopt 5G RedCap and integrate satellites into their IoT roadmap [17] - 78% consider network slicing essential for customizing IoT performance, particularly in logistics and supply chain [17] - eSIM adoption is experiencing significant growth, with a 240% year-over-year increase in monthly average connectivity [17]