Financial Performance - Q2 2025 - Net sales decreased by 3% year-over-year to $2.1 billion[36] - Gross profit decreased by 2% year-over-year to $442 million[36] - Cloud gross profit decreased by 5% year-over-year to $123 million[36] - Insight Core Services gross profit decreased by 3% year-over-year to $78 million[36] - Earnings from operations decreased by 34% year-over-year to $87 million[36] - Adjusted earnings from operations decreased by 2% year-over-year to $129 million[36] - Net earnings decreased by 46% year-over-year to $47 million[36] - Adjusted EBITDA decreased by 2% year-over-year to $138 million[36] Financial Position - Total debt balance at June 30, 2025, was $1.3 billion[40] - Year-over-year increase in total debt was $330 million[39, 40] - Total share repurchases and warrant settlement payments amounted to $463 million[39, 40] Full Year 2025 Outlook - Gross profit growth is expected to be approximately flat[41] - Gross margin is expected to be approximately 20%[41] - Adjusted diluted EPS is projected to be in the range of $9.70 - $10.10[41]

Financial Performance - Second quarter revenue reached $483 million, exceeding expectations, with constant currency revenue growth of 1.0% year-over-year[7] - Sequential constant currency revenue growth was 8.5% for the total company and 6.5% in Ex-L&S revenue[7] - Gross margin was 26.9%, a decrease of 30 basis points year-over-year, while Ex-L&S gross margin was 17.6%, down 110 basis points year-over-year due to higher cost reduction charges[7] - The company is increasing non-GAAP operating margin guidance to 8.0% to 9.0% from a previous 6.5% to 8.5%[8] Sales Metrics - Total contract value (TCV) was $437 million, down 5% year-over-year, but up 5% year-to-date[8] - New business TCV was $122 million, down 43% year-over-year, but up 15% year-to-date[8] - Backlog increased to $2.9 billion, up 5% year-over-year[8] Capital Structure and Pension - The company issued $700 million in Senior Secured Notes[29] - A $250 million contribution was made to U.S Qualified Defined Benefit (QDB) Pension Plans[29] - Planning for $600 million of annuity purchases by year-end 2026[31]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負 責，對其準確性或完整性亦不發表任何聲明，幷明確表示概不就因本公告全部或 任何部分內容而産生或因倚賴該等內容而引致之任何損失承擔任何責任。 B.Duck Semk Holdings International Limited 小黃鴨德盈控股國際有限公司 （於開曼群島註冊成立的有限公司） （股份代號︰2250） 自願性公告 ─ 簽訂服務協議 本公告乃小黃鴨德盈控股國際有限公司（「本公司」，連同其附屬公司，「本集 團」）自願作出，以使其股東及潛在投資者了解本集團的最新業務發展。 本公司董事（「董事」）會（「董事會」）欣然宣布，於 2025 年 7 月 29 日（「簽 署日期」），本公司間接全資附屬公司森科產品有限公司（「森科產品」）與科 案有限公司（「科案」，連同森科產品，統稱「訂約方」，各自稱「訂約方」） 簽訂了一份服務協議（「服務協議」）。根據服務協議，訂約方已同意就共同投 資、開發及商業化一項具備基於網頁界面的人工智能（「AI」）驅動營銷情報與 內容自動化系統（「該項目」）展開合作。 服務協議 服務協議的主要條款如下： (ii) 科案 - ...

Mastech Digital (NYSE American: MHH) is a leading provider of Digital Transformation IT Services. The Company offers Data Management and Analytics Solutions, Digital Learning, and IT Staffing Services with a digital-first approach. A minority-owned enterprise, Mastech Digital is headquartered in Pittsburgh, PA, with offices across the U.S., Canada, Europe, and India. Logo - https://mma.prnewswire.com/media/1039524/5439711/Mastech_Digital_Logo.jpg SOURCE Mastech Digital, Inc. PITTSBURGH, Pa., July 31, 2025 / ...

Core Insights - Cognizant reported revenue of $5.25 billion for the quarter ended June 2025, reflecting an 8.1% increase year-over-year and surpassing the Zacks Consensus Estimate of $5.19 billion by 1.01% [1] - Earnings per share (EPS) for the quarter was $1.31, up from $1.17 in the same quarter last year, exceeding the consensus EPS estimate of $1.26 by 3.97% [1] Revenue Performance by Segment - Health Sciences revenue was $1.55 billion, slightly below the average estimate of $1.61 billion, representing a year-over-year increase of 6.2% [4] - Communications, Media and Technology revenue reached $841 million, exceeding the average estimate of $826.36 million, with a year-over-year growth of 3.1% [4] - Products and Resources generated $1.31 billion, surpassing the estimated $1.25 billion, marking a significant year-over-year increase of 16% [4] - Financial Services revenue was $1.55 billion, slightly above the average estimate of $1.52 billion, reflecting a year-over-year growth of 6.9% [4] Stock Performance - Cognizant's shares have declined by 6.9% over the past month, contrasting with the Zacks S&P 500 composite's increase of 3.4% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

Financial Data and Key Metrics Changes - Second quarter revenue grew 7.2% year over year in constant currency to $5.2 billion, marking the fourth consecutive quarter of year-over-year organic growth [6][26] - Adjusted operating margin improved by 40 basis points year over year to 15.6%, on track to achieve a margin expansion goal of 20 to 40 basis points for 2025 [8][34] - Bookings grew 18% year over year, with trailing twelve months growth of 6%, and the total contract value (TCV) of large deals more than doubled year over year [7][34] Business Line Data and Key Metrics Changes - Financial Services grew 6% year over year, driven by digital engineering and legacy modernization initiatives [27] - Health Sciences grew 5% year over year, supported by organic growth across payers, providers, and life sciences customers [28] - Communication, Media, and Technology returned to organic growth, led by the technology sector, with robust demand for cost reduction and capital reallocation [31] Market Data and Key Metrics Changes - North America led revenue growth with 8%, driven by financial services and health sciences [32] - Europe grew 4%, supported by life sciences and financial services clients [33] - The Rest of the World increased by about 6%, with growth driven by financial services and health sciences [33] Company Strategy and Development Direction - The company is focusing on AI-led opportunities and disciplined execution to build a resilient and durable business [4][20] - The three-vector AI strategy includes productivity, industrializing AI, and agentifying the enterprise, with a strong emphasis on innovation-led projects [5][11] - The company is expanding its talent investments in emerging technology hubs and enhancing its AI capabilities through strategic partnerships [12][18] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the demand environment, noting strong large deal momentum and a growing number of new spend cycles [24][40] - The company expects revenue growth of 4% to 6% in constant currency for 2025, reflecting improved confidence in the second half of the year [38] - Management highlighted the importance of AI in driving productivity and innovation, positioning the company for future growth [20][21] Other Important Information - The company plans to return $2 billion to shareholders in 2025, with $1.4 billion allocated for share repurchases [42] - A one-time non-cash tax expense of approximately $400 million is expected in Q3 due to changes in US tax laws [36] Q&A Session Summary Question: Clarification on bookings and pipeline outlook - Management confirmed a balanced mix of renewals and new business, with a healthy outlook for bookings in the second half of the year [46][50] Question: Gross margin outlook - Management indicated that gross margin will be shaped by resource utilization and investments in large deals, with stable margins expected [51][53] Question: Pricing and incorporation of AI agents into deals - Management discussed the potential for outcome-based pricing and the differentiation created by their AI capabilities [58][60] Question: Healthcare segment headwinds and offsets - Management noted that while there are headwinds in healthcare, there are also opportunities for productivity-led growth [90][91] Question: Convergence of IT services and BPM - Management highlighted the unique opportunity presented by the convergence of operations and technology, emphasizing the role of AI in transforming client operations [92][93]

Financial Data and Key Metrics Changes - Second quarter revenue grew 7.2% year over year in constant currency to $5.2 billion, marking the fourth consecutive quarter of year-over-year organic growth [6][26] - Adjusted operating margin improved by 40 basis points year over year to 15.6%, on track to achieve a margin expansion goal of 20 to 40 basis points for 2025 [7][35] - Bookings grew 18% year over year, translating to trailing twelve months growth of 6% [6][34] - Free cash flow for the second quarter was $331 million, compared to $183 million a year ago [36] Business Line Data and Key Metrics Changes - Financial Services grew 6% year over year, driven by digital engineering and legacy modernization [27] - Health Sciences grew 5% year over year, supported by organic growth across payers, providers, and life sciences customers [28] - Communication, Media, and Technology returned to organic growth, led by the technology sector [31] Market Data and Key Metrics Changes - North America led revenue growth with 8%, driven by financial services and health sciences [32] - Europe grew 4%, supported by life sciences and financial services clients [33] - The Rest of the World increased by about 6%, driven by financial services and health sciences [33] Company Strategy and Development Direction - The company is focusing on AI-led opportunities and disciplined execution to build a resilient and durable business [4] - The strategy includes a three-vector approach: enabling hyper productivity, industrializing AI, and identifying the enterprise [81] - The company is expanding its talent investments in emerging technology hubs and enhancing its AI capabilities [12][13] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the ability to drive large deal momentum and win new spend cycles in AI opportunities [23] - The demand environment remains dynamic, but the company is encouraged by its performance and pipeline [23][40] - The company expects revenue growth of 4% to 6% in constant currency for the full year 2025 [39] Other Important Information - The company plans to return $2 billion to shareholders in 2025, an increase from previous guidance [42] - A one-time non-cash tax expense of approximately $400 million is expected in Q3 due to changes in US tax laws [37] Q&A Session Summary Question: Clarification on bookings and pipeline outlook - Management confirmed a balanced mix of renewals and new business, with a healthy pipeline for the second half of the year [49][53] Question: Gross margin outlook - Management indicated that gross margin will be shaped by resource utilization and investments in large deals [54][57] Question: Pricing and business opportunities related to AI agents - Management discussed the potential for outcome-based pricing and the differentiation created by their AI capabilities [62][66] Question: Capital allocation and M&A pipeline - Management provided an update on capital allocation plans, indicating a decent pipeline for M&A in the second half of the year [69] Question: Healthcare segment headwinds and offsets - Management noted that their exposure to Medicaid and Medicare is limited, with a focus on productivity-led opportunities in healthcare [95] Question: Convergence of IT services and BPM - Management highlighted the unique opportunity presented by the convergence of operations, data, and AI [96] Question: Headcount increase and outlook for the second half - Management acknowledged the increase in headcount and its implications for resource management moving forward [101]

Financial Performance - Revenue for Q2 2025 was $5245 million, an increase of 81% year-over-year as reported, or 72% in constant currency[4, 5] - GAAP diluted EPS for Q2 2025 was $131, compared to $114 in Q2 2024[7] - Adjusted diluted EPS for Q2 2025 was $131, compared to $117 in Q2 2024[7] - GAAP operating margin for Q2 2025 was 156%, compared to 146% in Q2 2024[9] - Adjusted operating margin for Q2 2025 was 156%, compared to 152% in Q2 2024[9] - Operating cash flow for Q2 2025 was $398 million, compared to $262 million in Q2 2024[11] - Free cash flow for Q2 2025 was $331 million, compared to $183 million in Q2 2024[11] Segment and Geographic Performance - Products & Resources segment revenue increased by 160% year-over-year, or 147% in constant currency[17] - Health Sciences segment revenue increased by 62% year-over-year, or 53% in constant currency[17] - Financial Services segment revenue increased by 69% year-over-year, or 60% in constant currency[17] - Communications, Media & Technology segment revenue increased by 31% year-over-year, or 22% in constant currency[17] - North America revenue increased by 96% year-over-year, Europe revenue increased by 47% year-over-year, and Rest of World revenue increased by 81% year-over-year[17] Acquisitions and Bookings - Revenue from the Belcan acquisition contributed approximately 400 basis points to year-over-year growth in Q2 2025[12, 14] - Trailing twelve-month bookings increased 6% year-over-year to $278 billion, representing a book-to-bill ratio of 14x[44] Guidance - Full-year 2025 revenue is projected to be between $207 billion and $211 billion, representing a 40% to 60% increase in constant currency[49]

Financial Data and Key Metrics Changes - The company reported revenue of CAD 4.1 billion, an increase of 11.4% year over year, or 7% when excluding foreign exchange impacts [5][6] - Adjusted EBIT for the quarter was CAD 666 million, up 10.5% year over year, with a margin of 16.3%, down 10 basis points due to recent mergers [11] - Adjusted net earnings were CAD 470 million, an increase of CAD 30 million year over year, with a margin of 11.5% [11] - The company generated CAD 487 million in cash from operations, representing 11.9% of total revenue [11] Business Line Data and Key Metrics Changes - Revenue growth was primarily driven by business acquisitions and momentum in the financial services sector, with constant currency revenue growth led by financial services at 9.6% and government at 8.7% [7][8] - IP revenue grew in six of the eight proximity segments, representing 20.6% of total revenue [8] - Bookings in the quarter exceeded CAD 4 billion, resulting in a book-to-bill ratio of 101% [9] Market Data and Key Metrics Changes - Geographically, North American operations grew by 7.4%, while European segments saw growth of 6.6% [6] - The Asia Pacific offshore delivery revenue increased by 6.4% [6] - The global backlog reached CAD 30.6 billion, equivalent to 2x revenue [10] Company Strategy and Development Direction - The company continues to focus on a build and buy profitable growth strategy, emphasizing investments in business and accretive acquisitions [13][28] - The strategic deployment of capital aligns with CGI's resilient mix of services and global footprint [14] - The company is actively pursuing partnerships with large technology firms to enhance revenue streams [36][39] Management's Comments on Operating Environment and Future Outlook - Management noted macroeconomic uncertainty impacting client decision-making, particularly in larger enterprise engagements [20] - There are signs of renewed client spending in the banking and broader financial services sector, with year-over-year bookings up by more than CAD 400 million [15] - Management expects to see some momentum returning as tariff uncertainties are resolved [96] Other Important Information - The company has CAD 2.7 billion in capital resources readily available for growth initiatives [13] - A quarterly cash dividend of CAD 0.15 per share was approved, payable on September 19, 2025 [12] Q&A Session Summary Question: Can you talk about organic growth in different segments? - Management indicated challenges in Europe due to tariffs but noted good organic growth in the financial sector, especially in North America [34][35] Question: Can you provide insights on margin expansion strategies? - Management highlighted that the integration of recent acquisitions is expected to improve margins, particularly in the UK and U.S. [44][45] Question: What differentiates CGI in the vendor consolidation trend? - Management emphasized a client-centric approach and readiness to co-invest in processes, which helps win vendor consolidation deals [48][50] Question: What is the outlook for acquisitions? - Management remains optimistic about the acquisition environment, noting lower valuations and a robust pipeline of targets [54][55] Question: How is CGI applying AI internally? - Management stated that AI is being used to improve productivity and deliver savings, which will positively impact headcount growth and margins [74][75] Question: What is the competitive position of CGI in AI? - Management believes that expertise in AI will create new opportunities and strengthen CGI's market position [88][89] Question: What is the outlook for constant currency organic growth? - Management believes the company is at the floor for growth and expects momentum to return as tariff uncertainties are resolved [95][96]

Financial Data and Key Metrics Changes - Revenue for Q3 2025 was reported at CAD 4.1 billion, an increase of 11.4% year-over-year, or 7% when excluding foreign exchange impacts [4][10] - Adjusted EBIT was CAD 666 million, up 10.5% year-over-year, with a margin of 16.3%, a slight decrease of 10 basis points [10] - Adjusted net earnings were CAD 470 million, an increase of CAD 30 million year-over-year, with a margin of 11.5% [10][11] - The company generated CAD 487 million in cash from operations, representing 11.9% of total revenue [11] Business Line Data and Key Metrics Changes - Revenue growth was primarily driven by business acquisitions and strong performance in the financial services sector, with constant currency revenue growth in financial services at 9.6% [5][6] - IP revenue represented 20.6% of total revenue, with growth in six of eight proximity segments [6] - Bookings in the quarter exceeded CAD 4 billion, resulting in a book-to-bill ratio of 101% [7][9] Market Data and Key Metrics Changes - North American operations grew by 7.4%, while European segments saw growth of 6.6% [5] - The Asia Pacific offshore delivery revenue increased by 6.4% [5] - The government sector showed strong demand with a Q3 book-to-bill ratio of 112% [16] Company Strategy and Development Direction - The company continues to focus on a "build and buy" profitable growth strategy, emphasizing capital deployment in line with this strategy [14][28] - CGI's strategic partnerships with large technology companies are yielding positive results, with bookings from these partnerships increasing by 120% year-over-year [40] - The company is actively pursuing mergers and acquisitions, with a robust pipeline of potential targets [27][55] Management's Comments on Operating Environment and Future Outlook - Management noted macroeconomic uncertainties impacting client decision-making, particularly in Europe, but expressed optimism about future growth as tariffs stabilize [20][93] - There is a strong expectation for increased client spending in the financial services sector, with year-over-year bookings up by over CAD 400 million [15] - The company anticipates that the integration of recent acquisitions will enhance margins in the future [46] Other Important Information - CGI has CAD 2.7 billion in capital resources readily available for growth initiatives [13] - The Board of Directors approved a quarterly cash dividend of CAD 0.15 per share, payable on September 19, 2025 [12] Q&A Session Summary Question: Can you talk about organic growth in different segments? - Management indicated challenges in some areas due to tariffs but noted good organic growth in the financial sector, particularly in North America [34][36] Question: Can you provide insights on the partnership strategy? - The company has invested in partnerships with large technology firms, which is paying off with increased revenues [37][40] Question: What are the margin expansion strategies beyond restructuring? - Integration of recent acquisitions is expected to improve margins, particularly in the UK and U.S. [44][46] Question: How does CGI differentiate itself in vendor consolidation trends? - CGI's client-centric approach and willingness to co-invest in processes are key differentiators [48][51] Question: What is the outlook for acquisitions in the current environment? - Management remains optimistic about the acquisition environment, noting lower valuations and a robust pipeline of targets [55][56] Question: Is there a shift from cost-cutting to modernization in U.S. Federal government? - Management confirmed that discussions are shifting towards modernization and automation, moving beyond just cost-cutting [58][59] Question: Can you discuss the growth in the APAC business unit? - North America is a significant driver, with growing activities in Germany and India also contributing to growth [61][62] Question: How is CGI applying AI internally? - CGI is leveraging AI to improve productivity and deliver savings to clients, which is expected to increase headcount productivity [70][71] Question: What are CGI's priorities for IP beyond AI? - The company is embedding AI in various platforms, including ERP systems, and is seeing strong momentum in government sector IP [76][77]