MONTREAL, May 07, 2025 (GLOBE NEWSWIRE) -- WSP Global Inc. (TSX: WSP) (“WSP” or the “Corporation”), one of the world's leading professional services firms, today announced financial results for the first quarter ended March 29, 2025. WSP delivered results in line with expectations for the first quarter of 2025. Cash inflows from operating activities, free cash flow(2) and days sales outstanding ("DSO")(3) improved compared to the corresponding period in the prior year. Overall backlog remains strong. Fir ...

First Quarter 2025 Highlights (comparisons to first quarter 2024) Highest-ever first quarter revenue of $177.8 million, an increase of $22.5 million, or 14.5% Net loss of $19.4 million, or $0.64 net loss per diluted share attributable to common stockholders (LPS), and Adjusted Net Income1 of $5.8 million, or $0.07 Diluted Adjusted Net Income per share1 (Adj EPS) Highest-ever first quarter Consolidated Adjusted EBITDA1 of $19.0 million, an increase of $2.1 million, or 12.5% Highest-ever first quarter operati ...

KPMG Launches AI Trust Services to Transform AI Governance, Enabled by ServiceNowSuite of services aims to help organizations ensure AI reliability, accountability and transparency.May 07, 2025 11:42 AM EDT | Source: KPMG LLP82% of leaders expect risk management to be their biggest challenge in 2025KPMG AI Trust services help organizations protect employees, companies and consumers as the speed of AI adoption acceleratesEnabled by ServiceNow AI Control Tower, KPMG AI Trust is designed to incre ...

Core Insights - Infosys and the International Tennis Hall of Fame (ITHF) have extended their collaboration for three more years to enhance digital innovation in tennis fan engagement [1][4] - The partnership aims to preserve tennis history and celebrate legends through digital experiences, including the generative AI-powered game "Famer's Duel" [1][2] Company Overview - Infosys is a global leader in next-generation digital services and consulting, with over 300,000 employees and operations in more than 56 countries [5] - The company focuses on digital transformation powered by cloud and AI, emphasizing an AI-first core and continuous improvement through digital skills transfer [5] Industry Impact - The "Famer's Duel" game allows fans to engage with tennis legends through digital cards and gameplay, showcasing how technology can connect with modern audiences while honoring tennis heritage [2][4] - The ITHF's Metaverse Museum, launched in 2023, has attracted over 10,000 visitors, enhancing fan engagement and interaction with tennis history [3]

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like t ...

The Hackett Group (HCKT) Q1 2025 Earnings Call May 06, 2025 05:00 PM ET Company Participants Robert Ramirez - CFO & Executive VP of FinanceTed Fernandez - Chairman and CEOGeorge Sutton - Partner- Co-Director of ResearchVincent Colicchio - Managing Director Conference Call Participants Jeff Martin - Director of Research & Senior Research Analyst Operator all for standing by. Today's conference will begin in approximately one minute. Again, today's conference will begin in one minute. Thank you for standing ...

The Hackett Group (HCKT) Q1 2025 Earnings Call May 06, 2025 05:00 PM ET Speaker0 all for standing by. Today's conference will begin in approximately one minute. Again, today's conference will begin in one minute. Thank you for standing by. Welcome to the Hackett Group First Quarter Earnings Conference Call. Hosting tonight's call are Mr. Ted Fernandez, Chairman and CEO and Mr. Rob Ramirez, Chief Financial Officer. Thank you. Mr. Ramirez, you may begin. Speaker1 Good afternoon, everyone, and thank you for jo ...

Financial Data and Key Metrics Changes - Adjusted EPS grew over 22% to $1.43, supported by solid year-over-year margin expansion [7][21] - Adjusted net revenue rose over 3% in Q2, with adjusted EBITDA for Q2 at $287 million, representing an 8% year-over-year increase [11][20] - Backlog grew 20% to more than $22 billion, a new record [7][21] Business Line Data and Key Metrics Changes - PA Consulting's revenue growth inflected positively, reaching mid-single digits and driving double-digit operating profit growth [7] - Adjusted net revenue growth for Water and Environmental was 2% in Q2, with expectations for mid to high single-digit growth in the second half [22] - Life Sciences and Advanced Manufacturing adjusted net revenue grew approximately 6% in Q2, with strong demand in both sectors [23] Market Data and Key Metrics Changes - Approximately 9% of total revenue comes from U.S. Federal infrastructure and related services, primarily tied to Department of Defense engagements [10] - The Middle East saw strong growth, continuing at double digits [45] - FX was a headwind in Q2, but if rates remain stable, it could become a tailwind in Q3 [46] Company Strategy and Development Direction - The core pillar of the strategy is to redefine the asset lifecycle for clients, focusing on high-growth markets [13][18] - The company aims to deliver sustainable, profitable growth by providing differentiated, digitally enabled solutions [18] - Continued investment in PA Consulting is being considered to strengthen the partnership and capitalize on growth opportunities [90][91] Management's Comments on Operating Environment and Future Outlook - The geopolitical backdrop remains stable, with infrastructure and consulting services in high demand [9] - The company anticipates sequential revenue growth from Q2 to Q3, with Q3 net revenue expected to grow 5% to 7% year-on-year [31] - Management expressed confidence in the backlog and its ability to absorb impacts from legal reserves and FX challenges [39][40] Other Important Information - The company returned a record amount of capital to shareholders during Q2, with $351 million in share repurchases [28] - A dividend of $0.32 per share was declared, representing a 10% year-over-year growth [29] - The company is on track to potentially return more than 100% of adjusted free cash flow in fiscal year 2025, excluding the distribution of Momentum shares [30] Q&A Session Summary Question: Can you quantify the reserve for the JV matter and discuss customer spending visibility? - Management indicated that while the procurement cycle is extending, there are no broad cancellations or delays in execution [37] Question: What are the regional dynamics, particularly in PA and the UK? - PA is experiencing strong growth, particularly in defense and security, while the UK business is rebounding with solid performance in transportation and water [41][42] Question: How is the company addressing rising construction costs? - The company is working with clients on supply chain scenario planning and value engineering opportunities due to rising costs [66][68] Question: Is there potential for stimulus spending from government customers? - Some programs that were paused are now resuming, particularly in federal infrastructure [72] Question: What is the outlook for margins and utilization rates? - Utilization rates have improved and are on par with previous years, with expectations for margin improvements in Q3 and Q4 [55][107]

Financial Data and Key Metrics Changes - Adjusted EPS grew over 22% to $1.43, supported by solid year-over-year margin expansion [6][20] - Adjusted net revenue rose over 3% in Q2, with adjusted EBITDA for Q2 at $287 million, representing an 8% year-over-year increase [10][19] - Backlog grew 20% to more than $22 billion, a new record [6][20] Business Line Data and Key Metrics Changes - PA Consulting's revenue growth reached mid-single digits, driving double-digit operating profit growth [6] - Adjusted net revenue growth for Water and Environmental was 2% in Q2, with expectations for mid to high single-digit growth in the second half [21] - Life Sciences and Advanced Manufacturing adjusted net revenue grew approximately 6% in Q2, with continued favorable demand [22] Market Data and Key Metrics Changes - Approximately 9% of total revenue comes from U.S. Federal infrastructure and related services, primarily tied to DoD engagements [9] - The Middle East saw strong growth, continuing at double digits [43] - FX was a headwind in Q2, but a potential tailwind is anticipated for Q3 if rates remain stable [44] Company Strategy and Development Direction - The company aims to redefine the asset lifecycle for clients, focusing on high-growth markets such as water and environmental services [12][16] - Continued investment in PA Consulting is being considered to enhance the partnership and capitalize on growth opportunities [85] - The company is focused on delivering sustainable, profitable growth through differentiated, digitally enabled solutions [16] Management's Comments on Operating Environment and Future Outlook - The geopolitical backdrop remains stable, with infrastructure and consulting services in high demand [8] - The company anticipates sequential revenue growth from Q2 to Q3, with Q3 net revenue expected to grow 5% to 7% year-over-year [29][30] - Management expressed confidence in achieving full-year guidance metrics despite macroeconomic uncertainties [29][114] Other Important Information - The company returned a record amount of capital to shareholders during Q2, with $351 million in share repurchases [26] - A final distribution of Momentum shares to shareholders is expected, representing approximately $159 million in incremental capital returns [27] Q&A Session Summary Question: Can you quantify the reserve for the JV matter and discuss customer spending? - Management indicated that while the procurement cycle is extending, there are no broad cancellations or delays in execution [36] Question: What are the regional dynamics, particularly in PA and the UK? - PA is experiencing strong growth, particularly in defense and security, while the UK business is rebounding with solid growth in transportation and water [40][42] Question: How do you expect free cash flow to convert this year? - Management expects a substantial step up in Q3 cash flow, not just back-end loaded in Q4, supporting the forecast of over 100% free cash flow conversion [50] Question: What are the expectations for profit margins in the third quarter? - The company anticipates significant margin improvement in Infrastructure and Advanced Facilities, with a target of close to 14% adjusted EBITDA margin [100] Question: How is the backlog growth related to project duration? - The company maintains a balanced approach to project sizes, focusing on both longer-duration projects and quicker-turnaround jobs [101][103]

Stock Market SymbolsGIB (NYSE)GIB.A (TSX)cgi.com/newsroomFAIRFAX, Va., May 6, 2025 /PRNewswire/ -  CGI Federal Inc. (CGI Federal), a wholly owned U.S. operating subsidiary of CGI Inc. (NYSE: GIB) (TSX: GIB.A), based in Fairfax, Virginia, has been selected by the Federal Aviation Administration (FAA) to lead the modernization of the Notice to Airmen (NOTAM) system, a critical aviation safety system in the United States. "CGI Federal is proud to partner with the FAA on accelerating the delivery of a modernize ...