Consolidated Financial Performance - Revenues for Q3 2025 reached $956.167 million, a 1.3% increase compared to Q2 2025 ($943.662 million) and a 3.3% increase compared to Q3 2024 ($926.019 million)[5] - Net income for Q3 2025 was $82.818 million, showing a 15.5% increase from Q2 2025 ($71.698 million) and a 24.6% increase from Q3 2024 ($66.466 million)[5] - Earnings per Diluted Share for Q3 2025 were $2.60, a 22.1% increase from Q2 2025 ($2.13) and a 40.5% increase from Q3 2024 ($1.85)[5] - Adjusted EBITDA for Q3 2025 was $130.573 million, a 17.0% increase from Q2 2025 ($111.640 million) and a 26.8% increase from Q3 2024 ($102.948 million)[5] - Adjusted EBITDA Margin for Q3 2025 was 13.7%, compared to 11.8% in Q2 2025 and 11.1% in Q3 2024[5] Segment Performance - Corporate Finance & Restructuring revenues in Q3 2025 were $404.896 million, up 6.8% from Q2 2025 ($379.239 million) and 18.6% from Q3 2024 ($341.512 million)[8] - Forensic and Litigation Consulting revenues in Q3 2025 were $194.689 million, up 4.4% from Q2 2025 ($186.517 million) and 15.4% from Q3 2024 ($168.778 million)[8] - Economic Consulting revenues in Q3 2025 were $173.086 million, down 9.7% from Q2 2025 ($191.657 million) and 22.0% from Q3 2024 ($222.033 million)[8] - Technology revenues in Q3 2025 were $94.081 million, up 12.5% from Q2 2025 ($83.599 million) but down 14.8% from Q3 2024 ($110.404 million)[8] - Strategic Communications revenues in Q3 2025 were $89.415 million, down 12.9% from Q2 2025 ($102.650 million) but up 7.4% from Q3 2024 ($83.292 million)[8] Cash Flow and Capital Allocation - Net cash provided by operating activities for Q3 2025 was $201.893 million, compared to $55.693 million in Q2 2025 and $219.374 million in Q3 2024[10] - Free Cash Flow for Q3 2025 was $186.979 million, compared to $38.268 million in Q2 2025 and $212.327 million in Q3 2024[10] - Purchase and retirement of common stock in Q3 2025 amounted to $234.211 million, compared to $354.037 million in Q2 2025[10]

Core Insights - FTI Consulting reported record revenues of $956.2 million for Q3 2025, a 3.3% increase from $926.0 million in the same quarter last year, driven by strong performance in Corporate Finance & Restructuring and Forensic and Litigation Consulting segments [2][8] - Net income rose to $82.8 million, up from $66.5 million in the prior year quarter, attributed to higher revenues and lower SG&A expenses [2][3] - Earnings per diluted share (EPS) increased by 41% to $2.60 compared to $1.85 in the prior year quarter [2][8] Financial Performance - Revenues increased by $30.1 million, or 3.3%, year-over-year, with a 2.1% increase when excluding foreign currency effects [2] - Adjusted EBITDA for the quarter was $130.6 million, representing 13.7% of revenues, compared to $102.9 million, or 11.1% of revenues, in the prior year [2] - The company experienced a decrease in net cash provided by operating activities, totaling $201.9 million compared to $219.4 million in Q3 2024, primarily due to lower cash collections [3] Segment Performance - Corporate Finance & Restructuring segment revenues increased by 18.6% to $404.9 million, driven by higher demand for restructuring services [7] - Forensic and Litigation Consulting segment revenues rose by 15.4% to $194.7 million, supported by increased demand for risk and investigations services [9] - Economic Consulting segment revenues decreased by 22.0% to $173.1 million, primarily due to lower demand for non-M&A-related antitrust services [10] - Technology segment revenues fell by 14.8% to $94.1 million, attributed to reduced demand for M&A-related services [11] - Strategic Communications segment revenues increased by 7.4% to $89.4 million, driven by higher demand for corporate reputation services [12] Share Repurchase and Capital Allocation - The company repurchased 1,425,644 shares at an average price of $164.18, totaling $234.1 million, with approximately $75.3 million remaining for future repurchases [4][6] - The Board of Directors authorized an additional $500.0 million for share repurchases, bringing the total authorization to $2.2 billion since the program's inception [6] Guidance - FTI Consulting revised its full-year 2025 revenue guidance to a range of $3.685 billion to $3.735 billion, with EPS expected between $7.62 and $8.12 [13]

Core Insights - Protiviti has been recognized in the 2025 Seramount Global Inclusion Index across nine markets, including Australia, Canada, Germany, and the UK, highlighting its commitment to diversity and inclusion [1][2][4] - The firm has been named a Leading Inclusion Index Company in the U.S. for the eighth consecutive year, reflecting its ongoing efforts in promoting an inclusive workplace culture [4] Inclusion and Workplace Culture - Protiviti emphasizes a workplace culture that prioritizes professional growth, meaningful connections, and inclusion, ensuring all employees feel acknowledged and empowered [3][4] - The evaluation for the Seramount index included detailed data on policies, leadership accountability, and metrics on women's progress, recruitment, and pay equity [3] Recognition and Awards - In addition to the Inclusion Index, Protiviti has been listed in the Seramount 100 Best Companies, Top Companies for Executive Women, and Best Companies for Multicultural Women in 2025 [4][8] - The firm has been named one of the Fortune 100 Best Companies to Work For for the 11th consecutive year, serving a significant portion of Fortune 100 and Fortune 500 companies [7]

Core Insights - FTI Consulting has appointed Warren Dunn as Senior Managing Director and Leader of the Risk Advisory practice in Australia, bringing extensive experience in risk and regulation, particularly in financial services [1][2][4] Company Overview - FTI Consulting is a global expert firm specializing in crisis and transformation, with over 7,900 employees across 32 countries and territories as of June 30, 2025 [7] - The company generated $3.70 billion in revenues during fiscal year 2024 [7] Appointment Details - Warren Dunn has three decades of experience in risk management, focusing on non-financial risk, regulatory compliance, and complex customer remediation [2][3] - His previous role was as a Partner at a Big Four firm, where he supported clients in banking, insurance, and wealth management [4] Strategic Focus - In his new role, Dunn will enhance the Risk Advisory practice by addressing the evolving needs of Australian businesses amid changing market conditions [3][6] - He will utilize forensic technology and advanced data analytics to assist clients in managing risks related to fraud, misconduct, and compliance breaches [3] Regulatory Environment - The regulatory landscape is increasingly focused on digital transformation, compliance, and scrutiny, with heightened requirements in operational risk, cyber resilience, and anti-money laundering [4][6] - Dunn's expertise will help clients navigate these regulatory changes effectively [6]

Core Insights - There is a growing gap between CFOs and CIOs/CTOs regarding AI integration priorities, with 56% of CFOs considering it a top priority compared to 70-72% of technology leaders [2][3] - CFOs are focusing their AI efforts primarily on financial reporting (77%), while CIOs prioritize IT infrastructure (83%) [2] Group 1: CFOs and AI Integration - CFOs are adopting a cautious approach to AI investments, which may hinder innovation and lead to siloed development [2][3] - CFOs must act as strategic enablers of transformation by aligning investments across finance and technology [3] Group 2: Governance and Compliance - Governance remains a significant concern, with 81% of executives rating the Sarbanes–Oxley Act and Internal Control over Financial Reporting as very or extremely important [5] - Among CFOs, 90% prioritize SOC reporting, indicating a desire for stronger oversight before expanding AI adoption [6] Group 3: Strategic Focus Areas - CFOs can enhance AI scalability by concentrating on use cases that improve efficiency and strategic insights [4] - Measuring AI's ROI and its impact on compliance, productivity, and costs can help build trust among C-suite executives [4]

Core Insights - The Deloitte incident highlights vulnerabilities in the global consultancy industry due to reliance on artificial intelligence [1][11] - The Australian government is considering stricter AI usage provisions in future consulting contracts following the incident [11][12] Summary by Sections Incident Overview - Deloitte was commissioned by Australia's Department of Employment and Workplace Relations (DEWR) for a contract worth approximately US $290,000 to conduct an independent assurance review of an automated compliance framework [2] - The report submitted by Deloitte was found to contain numerous inaccuracies, including references to non-existent sources [2] AI Usage and Implications - Deloitte acknowledged the use of Azure OpenAI GPT-4o to generate parts of the report, leading to the inclusion of fabricated quotes and references [2][11] - The incident raises concerns about the reliability of AI-generated content, as it can produce hallucinations and inaccuracies even when trained on high-quality data [8][10] Broader Context of AI Hallucinations - The phenomenon of AI hallucinations is not isolated to Deloitte; similar issues have been reported in various fields, including legal and media sectors [6][7] - AI tools, such as generative models, are prone to producing falsehoods due to their probabilistic nature and reliance on low-quality data sources [9][10] Consequences and Future Considerations - The Australian government emphasized that the fundamental study of the welfare system was not compromised, but the incident prompted Deloitte to amend its report and partially refund its fees [2][11] - The situation serves as a cautionary tale for professional services globally, highlighting the need for better oversight and accountability in AI usage [12][13]

Core Insights - TotalEnergies is selling its sustainable consultancy unit, GreenFlex, to Oteis, reflecting its strategy to focus on energy production and supply [1][2] - The acquisition aims to position Oteis as a leading player in sustainability and infrastructure consulting [2][4] Company Overview - GreenFlex, founded in 2009, specializes in environmental consulting, energy efficiency, and decarbonization, employing around 800 people across 19 offices in France and Europe [3] - Oteis is an independent consulting and engineering group with over 850 employees and 30 regional agencies, focusing on sectors like construction, water, and infrastructure [4] Post-Transaction Relationship - After the sale, TotalEnergies will continue to be a significant customer of GreenFlex through a contract related to French Energy Saving Certificates (CEEs) [5]

Core Viewpoint - IBM is set to report its third-quarter earnings, with expectations of growth driven by AI demand and software sales recovery after previous underperformance [1][2][3]. Earnings Expectations - Analysts predict IBM's Q3 earnings will rise 6% to $2.45 per share on an adjusted basis, following a 15% increase to $2.90 in Q2 [2][3]. - Q3 revenue is forecasted at $16.1 billion, reflecting an 8% year-over-year increase, consistent with previous growth rates [3]. Software Segment Performance - Analysts expect Q3 software sales to reach $7.2 billion, marking a 10.5% increase year-over-year, which is critical after two quarters of underperformance [4]. - Consulting revenue is projected to increase 1.7% to $5.2 billion, while infrastructure sales are expected to grow 13.8% to $3.5 billion [5]. AI Initiatives - IBM's recent partnership with AI startup Anthropic aims to integrate Claude large language models into its software portfolio, generating excitement about future growth [6]. - IBM's "AI book of business" has reportedly surpassed $7.5 billion, a significant increase from over $2 billion a year ago [7]. Quantum Computing Developments - Investors are keen on updates regarding IBM's quantum computing efforts, with plans to build a large-scale, fault-tolerant quantum computer by 2029 [9][10]. - The company’s advancements in quantum computing could enhance its market position if a clear roadmap is communicated [10]. Stock Performance - IBM stock has seen a year-to-date increase of over 29%, although it has recently pulled back after reaching a record high of 301.04 [2][11]. - The stock's Relative Strength rating has decreased to 69 from 85 over the past three months, despite outperforming the S&P 500 [12].

Core Viewpoint - The article discusses the trend of companies announcing layoffs attributed to the adoption of artificial intelligence (AI), suggesting that AI is being used as a scapegoat for broader business challenges and downsizing efforts [2][4][5]. Group 1: Company Layoffs - Accenture announced a restructuring plan that includes layoffs for workers unable to reskill on AI [2]. - Lufthansa plans to eliminate 4,000 jobs by 2030, citing AI as a means to increase efficiency [2]. - Salesforce laid off 4,000 customer support roles, claiming AI can perform 50% of the work [3]. - Klarna reduced its workforce by 40% as it aggressively adopts AI tools [3]. - Duolingo plans to stop relying on contractors and use AI to fill gaps in its workforce [3]. Group 2: Criticism of AI Justification - Critics argue that companies are using AI as an excuse for layoffs rather than genuine efficiency gains [4][5]. - There is skepticism about the actual impact of AI on job cuts, with suggestions that overhiring during the pandemic is a significant factor [6]. - Jean-Christophe Bouglé noted that AI adoption is slower than claimed, and many AI projects are being rolled back due to cost or security concerns [7][8]. Group 3: Employee Concerns - Employees are increasingly fearful of job losses due to AI, exacerbated by companies' lack of transparency regarding AI implementation [11]. - Jasmine Escalera emphasized the need for companies to be responsible in their communications about AI to avoid fostering fear among employees [11]. Group 4: Research Findings - A report from the Budget Lab at Yale University indicated that U.S. labor has not been significantly disrupted by AI automation since the release of ChatGPT in 2022 [14]. - Research from New York Fed economists showed that only 1% of service firms reported AI as a reason for layoffs in the past six months, down from 10% in 2024 [16][17]. - The majority of firms using AI reported it as a tool for retraining employees rather than for layoffs [17].

Core Insights - rYojbaba Co., Ltd. is expanding its legal consulting and osteopathic clinic services internationally through strategic partnerships and corporate developments [1] - CEO Ryoji Baba has been appointed as a Board Member of Koyamada International Foundation (KIF) and its affiliated organization, Guardian Girls International (GGI) [2] - The partnership with KIF and GGI aims to address global challenges such as gender equality and the prevention of gender-based violence [3] Group 1: International Expansion Initiatives - rYojbaba will provide medical care and recovery support through its osteopathic clinics and licensed judo therapists to GGI-affiliated self-defense training participants and athletes [4] - The company plans to collaborate with national sports associations and educational institutions to create an integrated support model that spans training to recovery [4] - This initiative aims to broaden access to osteopathic care and expand the clinic network within KIF and GGI-affiliated communities [4] Group 2: Legal and Mental Health Support - rYojbaba aims to launch the world's first Free Labor Union Program, offering free online legal advisory services to address issues like sexual harassment and domestic violence [5] - The company will leverage its expertise in workplace equality and parental leave support to create localized support frameworks tailored to different countries' legal systems [5] - This initiative is part of a broader strategy to expand rYojbaba's labor and legal consulting services globally [5] Group 3: Corporate Commitment to ESG - The partnership with KIF and GGI aligns with rYojbaba's commitment to sustainable and socially responsible initiatives [8] - The company aims to enhance long-term corporate value through social impact and adherence to legal and ethical standards [8] - Collaborating with KIF and GGI is seen as a step forward in strengthening rYojbaba's brand credibility and international reputation [9]