Core Insights - Advanced Micro Devices (AMD) reported second-quarter 2025 non-GAAP earnings of 48 cents per share, exceeding the Zacks Consensus Estimate by 2.13%, but down 30.4% year over year [1] - Revenues reached $7.685 billion, surpassing the Zacks Consensus Estimate by 3.74%, marking a 31.7% year-over-year increase and a 3.3% sequential rise, driven by record sales of Ryzen and EPYC processors [1] Financial Performance - Data Center revenues increased 14.3% year over year to $3.240 billion, representing 42.2% of total revenues, although they decreased 11.8% sequentially [3] - Client and Gaming segment revenue was $3.6 billion, up 69% year-over-year, with the Client segment growing 67.5% to $2.499 billion, accounting for 32.5% of total revenues [6] - The Gaming segment's revenues rose 73.1% year over year to $1.122 billion, driven by strong demand for Radeon GPUs and collaborations with Microsoft and Sony [8] Product Developments - AMD expanded its collaboration with Red Hat to enhance AI inference and enterprise application deployment using AMD Instinct GPUs and EPYC CPUs [4] - The company launched the EPYC 4005 Series processors, targeting enterprise-grade performance for growing businesses [5] - New Ryzen Threadripper 9000WX and PRO 9000X Series processors were announced, aimed at high-performance workstation applications [7] Margin and Expenses - Non-GAAP gross margin contracted by 990 basis points year-over-year to 43.3%, primarily due to an $800 million inventory write-down related to U.S. export controls [11] - Non-GAAP operating expenses increased 32.2% year over year to $2.429 billion, leading to a non-GAAP operating margin of 11.7%, down from 21.7% in the previous year [11] Cash Flow and Shareholder Returns - As of June 28, 2025, AMD had cash and short-term investments of $5.867 billion, down from $7.310 billion in March 2025 [12] - Free cash flow was $1.180 billion in Q2 2025, with a free cash flow margin of 15%, and AMD returned $478 million to shareholders through a share repurchase program [13] Future Guidance - AMD expects third-quarter 2025 revenues of $8.7 billion (+/-$300 million), indicating approximately 28% year-over-year growth and 13% sequential growth [14] - The company anticipates a non-GAAP gross margin of roughly 54% for Q3 2025, with operating expenses expected to be nearly $2.55 billion [14]

Core Viewpoint - Rackspace Technology will release its second quarter 2025 financial results on August 7, 2025, after market close, with a conference call scheduled for the same day to discuss the results [1]. Group 1: Financial Results Announcement - The financial results for the second quarter of 2025 will be announced after market close on August 7, 2025 [1]. - Amar Maletira, the CEO, and Mark Marino, the CFO, will host a conference call at 5:00 PM ET on the release day to discuss the financial results [1]. Group 2: Accessing the Conference Call - Interested parties can access the live webcast or replay through the company's Investor Relations website [2]. - Pre-registration is required to obtain a dial-in number, and registrants will receive a PIN for accessing the live call [2]. Group 3: Company Overview - Rackspace Technology is recognized as a leading end-to-end hybrid cloud and AI solutions provider [3]. - The company offers services to design, build, and operate cloud environments across all major technology platforms, regardless of the technology stack or deployment model [3]. - Rackspace Technology partners with customers throughout their cloud journey, assisting in application modernization, new product development, and the adoption of innovative technologies [3].

Financial Performance & Growth Drivers - IBM's rally initially stemmed from its free cash flow performance, particularly after a significant beat five to six quarters prior to the report [3] - Revenue growth is expected to be in the low to mid single-digit percentages in the coming years [6] - Software growth is the primary focus for investors, followed by GenAI consulting and infrastructure [9] - IBM saved $500 million (three half billion) in run rate costs by deploying Gen AI [11] GenAI & Technology - IBM is positioning itself to enable the "Magnificent 7" through its hybrid cloud and GenAI infrastructure [4] - IBM's GenAI consulting business currently accounts for approximately 80% of its book of business [11] - IBM's Granite models are small, open-source language models focused on enterprise cost efficiency [11] - IBM has 75 quantum computers, with 13 currently running in production, and anticipates this becoming a significant part of their business by the end of the decade [16] Risks & Considerations - A shift in competitive positioning, especially concerning GenAI, could pose a risk to IBM's stock [18] - Sentiment around GenAI and hybrid cloud is driving multiple expansion [18]

Core Insights - insightsoftware announced the full integration of its Angles for SAP solution with SAP Business Technology Platform (BTP), enhancing data access and reporting capabilities for supply chain and operations teams [1][2] - The integration supports a hybrid cloud approach, which 90% of organizations plan to adopt by 2027, emphasizing the need for clean and context-aware data [2] - Angles for SAP provides advanced analytics and reporting without the need to rebuild data models, driving efficiency gains and improvements in operational metrics [3] Company Overview - insightsoftware is a global provider of solutions for the Office of the CFO, focusing on transforming financial data into actionable insights for better decision-making [4] - The company emphasizes the importance of accessible financial data in developing actionable business strategies, with solutions spanning financial planning, accounting, and operations [4] Product Features - Angles for SAP enhances SAP investments by offering advanced analytics, prebuilt semantic models, and AI-driven insights, all deployable through SAP BTP [3] - Customers using Angles for SAP have reported significant operational improvements, including up to 50% efficiency gains, 16% reductions in stock levels, and 20% improvements in production efficiency [3]

Core Viewpoint - IBM reported strong first-quarter 2025 results, with adjusted earnings and revenues exceeding Zacks Consensus Estimates, driven by robust demand in the Software segment and healthy free cash flow [1][3]. Financial Performance - Net income on a GAAP basis was $1.05 billion or $1.12 per share, down from $1.57 billion or $1.69 per share in the prior year, primarily due to high operating expenses [2]. - Non-GAAP net income from continuing operations was $1.60 per share, compared to $1.68 in the previous year, beating the Zacks Consensus Estimate by $0.18 [3]. - Total revenues increased to $14.54 billion from $14.46 billion, with a 2% year-over-year growth on a constant currency basis, surpassing the consensus estimate by $95 million [3]. Gross Profit and Expenses - Gross profit rose to $8.03 billion from $7.74 billion, resulting in gross margins of 55.2% compared to 53.5% in the prior year, attributed to a strong portfolio mix [4]. - Total expenses increased to $6.87 billion from $6.67 billion, driven by higher interest expenses and R&D costs [4]. Segmental Performance - **Software**: Revenues improved to $6.34 billion from $5.9 billion, driven by growth in Hybrid Platform & Solutions, Red Hat, and AI, with pre-tax income rising to $1.85 billion [5]. - **Consulting**: Revenues decreased to $5.07 billion from $5.19 billion due to soft demand, with pre-tax income increasing to $558 million [6]. - **Infrastructure**: Revenues fell to $2.89 billion from $3.08 billion, with pre-tax income decreasing to $248 million [7]. - **Financing**: Revenues remained flat at $191 million, with pre-tax income declining to $69 million [7]. Cash Flow and Liquidity - IBM generated $4.37 billion in cash from operations, up from $4.17 billion in the prior year, with free cash flow increasing to $1.96 billion [8]. - As of March 31, 2025, the company had $11.04 billion in cash and cash equivalents and $56.37 billion in long-term debt [8]. Outlook - For full-year 2025, IBM expects free cash flow of $13.5 billion and revenue growth of approximately 5% at constant currency [9]. - For Q2 2025, management anticipates revenues between $16.40 billion and $16.75 billion [9].

Financial Data and Key Metrics Changes - In Q4, the company's ARR growth reached 5%, exceeding the guidance of 4% [10][34] - The ARR outlook for Q4 2026 has been raised from $760 million to $768 million, reflecting an 8% growth [12][48] - Q4 revenue was reported at $254 million, below the guidance of $277 million, primarily due to unbundled SaaS revenue shortfalls [44][45] Business Line Data and Key Metrics Changes - SaaS ACV bookings from new deals increased by 30% year over year to $32 million in Q4, marking a quarterly record [27][35] - Bundled SaaS revenue growth accelerated from 9% in Q1 to 23% in Q4, with a full-year growth of 17% [37][38] Market Data and Key Metrics Changes - The company reported strong AI momentum, with many customers transitioning from small-scale AI experiments to larger deployments [11][60] - Over 90 of the Fortune 500 companies are using Verint AI-powered bots to automate CX workflows, indicating strong market penetration [26] Company Strategy and Development Direction - The company emphasizes a hybrid cloud approach, allowing customers to layer AI on existing infrastructure without disruption [20][89] - The focus is on delivering strong and differentiated AI business outcomes, which are seen as a key competitive advantage in the CX market [13][17] Management's Comments on Operating Environment and Future Outlook - Management noted that customer confidence is improving, with many brands moving away from AI paralysis and investing in AI solutions [60][64] - The company expects continued ARR growth acceleration and a strong performance in fiscal 2026, driven by increased AI consumption [29][30] Other Important Information - Cash contribution for fiscal 2025 was reported at $228 million, an increase of 2% year over year [40] - The company has initiated a $200 million stock buyback program and increased its revolver to $500 million [52][53] Q&A Session Summary Question: Customer confidence in buying solutions and deal sizes - Management indicated that customers are evolving from small AI experiments to larger deployments, with significant ROI driving investment decisions [60][62] Question: Impact of pushed unbundled revenue on FY26 guidance - Management clarified that the pushed deals were from existing customers and did not impact the ARR guidance, which remains at 8% growth [68][70] Question: Dynamics of slipped deals and their nature - All slipped deals were from existing customers, with no renewals involved, and the timeline for rollouts has changed [94][96] Question: Channel mix and growth areas - The company is seeing growth in channel partnerships, with partners becoming more capable of selling AI solutions as they gain knowledge [100][104] Question: Macro concerns from customers - Management noted that customers are hesitant to undertake infrastructure projects but are increasingly willing to invest in AI solutions that provide tangible results [108][110] Question: Competitive market dynamics and market share - Management believes the company is gaining market share in the CX automation market, driven by its bot strategy and strong customer outcomes [126]