Financial Data and Key Metrics Changes - Third quarter consolidated net sales were $5.7 billion, up 4% year-over-year [6] - Gross profit was $1.3 billion, up 5% [6] - Non-GAAP operating income was $531 million, down 1% [6] - Non-GAAP net income per share was $2.71, up 3% [23] - Adjusted free cash flow was $209 million [25] Business Line Data and Key Metrics Changes - Small Business delivered double-digit growth in top line and gross profit, driven by cloud and client device solutions [9] - Corporate delivered mid-single-digit top line growth with low single-digit gross profit [9] - Government net sales increased 8%, with state and local showing double-digit growth [10] - Healthcare gross profit grew faster than its 7% top line growth, driven by cloud solutions [11] - Services segment grew 9% top line, with managed and professional services up 14% [14][60] Market Data and Key Metrics Changes - U.K. and Canadian operations reported a 9% increase in net sales [11] - Demand for client devices remained strong, with a 7% growth rate [13] - Software sales increased by 4%, driven by cloud and security offerings [13] Company Strategy and Development Direction - The company is focused on embedding AI into operations to enhance productivity and efficiency [15] - Strategic investments are aimed at improving customer-facing capabilities and internal operations [14] - The company maintains a prudent full-year outlook, expecting low single-digit growth in the U.S. IT market [17][29] Management's Comments on Operating Environment and Future Outlook - Management highlighted the complexity and volatility of the current operating environment, impacting customer investment decisions [51] - The company is cautious about the potential impacts of the government shutdown on federal results and other markets [17] - Despite uncertainties, management remains confident in the company's strategy and ability to deliver customer value [18] Other Important Information - The company returned approximately $150 million in share repurchases and $82 million in dividends [25] - The dividend was increased by approximately 1% to $2.52 annually, marking the 12th consecutive year of increases [26] Q&A Session Summary Question: Impact of the government shutdown on guidance - Management has taken a conservative view of Q4, anticipating some pipeline and backlog but acknowledging constraints due to the shutdown [34][35] Question: Drivers of small business growth - Small businesses are leaning more into technology for competitive advantage, showing resilience and strong execution [37] Question: Outlook for the PC and endpoint market - Demand for PCs is expected to remain solid in the near term, driven by Windows 10 end-of-life transitions and AI productivity initiatives [42][43] Question: Complexity of the current spending environment - The primary challenge is volatility and uncertainty, affecting investment commitments from customers [51] Question: Healthcare market dynamics - Management is monitoring funding shifts and their potential impact on healthcare, but remains confident in long-term relationships and technology investments [78]

Financial Data and Key Metrics Changes - Consolidated net sales for the third quarter were $5.7 billion, up 4% year-over-year [7] - Gross profit increased to $1.3 billion, reflecting a 5% growth [7] - Non-GAAP operating income was approximately $531 million, down 1% [7] - Non-GAAP net income per share was $2.71, up 3% [7] - Adjusted free cash flow for the quarter was $209 million, totaling $668 million year-to-date [33] Business Line Data and Key Metrics Changes - Small business segment delivered double-digit growth in both top line and gross profit, driven by cloud and client device solutions [12] - Corporate segment achieved mid-single-digit top line growth, with low single-digit gross profit growth [12] - Government net sales increased by 8%, with state and local delivering double-digit growth [13] - Healthcare gross profit grew faster than its 7% top line growth, driven by cloud solutions [15] - Services segment saw a 9% increase in top line, with managed and professional services growing 14% [18][75] Market Data and Key Metrics Changes - U.S. IT market growth is expected to be in the low single digits, with CDW targeting a growth premium of 200 to 300 basis points [24] - U.K. and Canadian operations reported a 9% increase in net sales [16] - Demand for client devices remained strong, driven by the end of Windows 10 support [28] Company Strategy and Development Direction - The company is embedding AI into its operations to enhance productivity and efficiency [20] - Focus on delivering enterprise-grade AI solutions to help customers unlock value [21] - The strategy emphasizes a full stack, full lifecycle approach to meet customer needs [106] Management's Comments on Operating Environment and Future Outlook - Management expressed caution regarding the impact of the government shutdown on federal results and other end markets [24][46] - The current environment is characterized by volatility and uncertainty, affecting investment decisions [62][66] - The company maintains a prudent outlook for the remainder of the year, expecting low single-digit growth in the IT market [38] Other Important Information - Non-GAAP SG&A expenses totaled $725 million, up 8.7% year-over-year [30] - The company returned approximately $150 million in share repurchases and $82 million in dividends [34] - A 1% increase in the annual dividend was announced, marking the twelfth consecutive year of increases [35] Q&A Session Summary Question: Impact of the government shutdown on federal contributions - Management indicated a conservative view for Q4, acknowledging that the shutdown could impact pipeline and backlog but historically, lost sales are often just a timing issue [44][46] Question: Drivers of small business growth - Small businesses are increasingly leaning into technology for competitive advantage, showing resilience and strong execution from the team [49][50] Question: Outlook for the PC and endpoint market - Demand for PCs is expected to remain solid in the near term, driven by Windows 10 end-of-life transitions and AI productivity initiatives [54][55] Question: Complexity of the current spending environment - The primary challenge is volatility and uncertainty, which has led to hesitancy in making larger technology investments [62][66] Question: Healthcare market dynamics - Management noted that healthcare has been strong but is monitoring potential funding shifts that could impact growth [94][96]

Financial Data and Key Metrics Changes - Third quarter consolidated net sales were $5.7 billion, up 4% year-over-year [5][19] - Gross profit was $1.3 billion, up 5% [5][19] - Non-GAAP operating income was $531 million, down 1% [5][24] - Non-GAAP net income per share was $2.71, up 3% [5][25] - Adjusted free cash flow was $209 million [5][26] - Gross margin was 21.9%, up 10 basis points year-over-year [20][24] Business Line Data and Key Metrics Changes - Small business delivered double-digit growth in top line and gross profit, driven by cloud and client device solutions [8][9] - Corporate delivered mid-single-digit top line growth with low single-digit gross profit [9] - Government net sales increased 8%, with state and local showing double-digit growth [9][10] - Education net sales declined 9%, with higher education growth offset by K-12 decline [10] - Services grew 9% in top line, contributing 9% of total CDW top line [12][19] Market Data and Key Metrics Changes - U.K. and Canadian operations reported a 9% increase in net sales [10][11] - Healthcare gross profit grew faster than its 7% top line growth, driven by cloud solutions [10] - Demand for client devices increased mid-single digits in top line and double digits in gross profit [9][11] Company Strategy and Development Direction - The company is embedding AI into operations to drive productivity and efficiency [14][15] - Focus on delivering enterprise-grade AI solutions to help customers unlock value [15][17] - Maintaining a prudent full-year outlook with expectations of low single-digit growth in the U.S. IT market [17][30] Management's Comments on Operating Environment and Future Outlook - Management highlighted the complexity and volatility of the current operating environment, impacting customer investment decisions [44] - The company is navigating uncertainties such as government shutdowns and economic conditions while focusing on execution [18][30] - Expectations for 2026 are still being planned, with a focus on maintaining competitive strength [18][31] Other Important Information - Non-GAAP SG&A totaled $725 million, up 8.7% year-over-year [23][24] - The company returned approximately $150 million in share repurchases and $82 million in dividends [26][28] - The dividend was increased by approximately 1% to $2.52 annually [28] Q&A Session Summary Question: Impact of government shutdown on federal contributions - Management acknowledged a conservative view for Q4, anticipating some pipeline and backlog but recognizing constraints from agencies not open [35][36] Question: Drivers of small business growth - Small businesses are leaning more into technology for competitive advantage, showing resilience and strong execution [37][38] Question: Outlook for PC and endpoint market - Demand remains solid, driven by Windows 10 end-of-life transitions and AI productivity initiatives [39][40] Question: Federal funding for education and healthcare - Federal funding for K-12 is primarily state-funded, while higher education is focused on technology to attract students [41][42] Question: Complexity of the current spending environment - The primary issue is volatility and uncertainty, affecting investment commitments [44] Question: Gross profit dollar growth needed for EPS growth - Sustaining gross profit growth and focusing on operating leverage are essential for returning to high single-digit EPS growth [46][47] Question: Opportunities in services and M&A - Strong growth in services is expected, with a focus on data, AI, and cloud [49][50]

On the 30-stock Sensex, shares of Eternal, Tata Motors Passenger Vehicles, Among sectoral indices, IT was one of the top drags on the Nifty, shedding 1.1% as mixed remarks from U.S. Federal Reserve officials clouded prospects of a rate cut in December.The broader markets also weakened, with the small-cap index down 0.8% and the mid-cap gauge losing 0.4%. rose 1.9% to a record high after the country’s second-largest telecom operator reported a sharp rise in quarterly profit. Live EventsMahindra & Mahindra g ...

Core Insights - Atos Group achieved a score of 73 out of 100 in the 2025 S&P Global Corporate Sustainability Assessment, placing it in the top 7% of the IT Services industry [1][2] - This marks the 12th consecutive year that Atos Group has been recognized for its sustainability efforts by S&P Global, highlighting its commitment to ESG excellence [2] - The assessment identified Atos Group's strengths in Human Capital Management, Climate Strategy, and Corporate Governance, which are critical ESG drivers for the IT Services sector [3] Company Performance - Atos Group has maintained strong performance in sustainability reporting transparency, contributing to its high ranking in the assessment [3] - The company was awarded the Platinum EcoVadis Medal for the sixth consecutive year, further affirming its leadership in sustainability [5] Company Overview - Atos Group operates with approximately 67,000 employees and annual revenue of around €10 billion, providing services in 61 countries under the Atos and Eviden brands [5] - The company is recognized as the European leader in cybersecurity, cloud, and high-performance computing, with a commitment to a secure and decarbonized future [5][6]

Core Insights - Atos Group achieved a score of 73 out of 100 in the 2025 S&P Global Corporate Sustainability Assessment, placing it in the 93rd percentile of the IT Services industry, ranking among the top 7% of ESG performers [2][4] - This recognition marks the 12th consecutive year that Atos Group has been acknowledged for its sustainability efforts by S&P Global, highlighting its commitment to Environmental, Social, and Governance (ESG) excellence [3][4] - The assessment identified Atos Group's strengths in Human Capital Management, Climate Strategy, and Corporate Governance, which are critical ESG drivers for the IT Services sector [4] Company Performance - Atos Group has been awarded the Platinum EcoVadis Medal for the sixth consecutive year, reinforcing its leadership in sustainability [6] - The company operates with approximately 67,000 employees and generates annual revenue of around €10 billion, providing services in 61 countries [6] - Atos Group is recognized as the European leader in cybersecurity, cloud, and high-performance computing, focusing on a secure and decarbonized future [6] Corporate Social Responsibility - The Head of Investor Relations and Corporate Social Responsibility emphasized that while Atos focuses on financial recovery and growth, Corporate Social Responsibility is essential for building stakeholder trust and long-term value [5] - Atos Group aims to advance ESG standards through innovative digital solutions that support sustainable transformation across its operations and customer ecosystems [5]

Core Viewpoint - DigitalOcean Holdings Inc. has shown positive stock performance, with a 0.84% increase in the current session, an 8.53% increase over the past month, and a 15.91% increase over the past year, leading to optimism among long-term shareholders [1] Group 1: Stock Performance - The current trading price of DigitalOcean Holdings Inc. is $41.00 [1] - The stock has increased by 8.53% over the past month [1] - The stock has increased by 15.91% over the past year [1] Group 2: Price-to-Earnings Ratio Analysis - The P/E ratio is a key metric for long-term shareholders to evaluate market performance against historical earnings and industry standards [5] - DigitalOcean Holdings Inc. has a P/E ratio of 31.04, which is lower than the IT Services industry average of 97.61 [6] - A lower P/E ratio may suggest that shareholders expect the stock to perform worse than industry peers or that the stock is undervalued [6] Group 3: Limitations of P/E Ratio - The P/E ratio is useful for market performance analysis but has limitations, as a lower P/E can indicate undervaluation or lack of expected future growth [10] - The P/E ratio should not be used in isolation; other factors like industry trends and business cycles also affect stock prices [10] - Investors are advised to use the P/E ratio alongside other financial metrics and qualitative analysis for informed investment decisions [10]

Core Insights - The 13th Annual Toronto CIO Summit and C-Level Technology Leadership Summit is set to take place on November 4, 2025, focusing on how technology drives growth and leadership impact [1][2] - The event is free for qualified attendees and aims to connect C-suite executives to enhance their leadership skills and career development [1][7] Event Details - The summit will feature prominent speakers including Maya Beri, SVP & CIO of Sun Life U.S., and other leaders from various industries [3][4] - Key topics will cover CIO leadership, AI, cybersecurity, digital transformation, and strategies for navigating economic uncertainty [4][5] Partnerships and Recognition - Valued partners for the event include Apptio as Gold Partner and several strategic and alliance partners such as Egon Zehnder and Sequoia [6] - HMG Strategy will present awards to recognize outstanding CIOs, CISOs, and technology leaders who are making significant impacts in their organizations [5][6] Organizational Background - HMG Strategy, founded in 2008, focuses on empowering executives through a digital platform that connects over 500,000 technology leaders [8][9] - The organization emphasizes Trust & Inspire leadership, aiming to help executives innovate and expand their professional networks [10][11]

Core Insights - Capgemini has successfully closed the acquisition of Cloud4C, enhancing its leadership in cloud managed services and expanding its capabilities in automation and AI-driven solutions [3][5]. Group 1: Acquisition Details - The acquisition of Cloud4C, a provider of automation-driven managed services for various cloud environments, was finalized after meeting all regulatory requirements [3]. - Cloud4C's team of 1,600 specialists will contribute to Capgemini's growth in the cloud managed services market, particularly in developing industry-specific frameworks and generative AI solutions [3][4]. Group 2: Strategic Implications - The integration of Cloud4C will bolster Capgemini's offerings in SAP services, particularly in end-to-end SAP services and SAP RISE, by combining Syniti's data expertise with Cloud4C's capabilities [3]. - Capgemini aims to address the increasing demand for AI-powered cloud automation platforms and scalable industry-specific solutions, providing tangible business value to clients [4]. Group 3: Market Context - The global demand for managed services in hybrid cloud environments is rising, with many clients seeking assistance for complex migrations [4]. - Cloud4C's comprehensive service offerings, including consulting, stack migration, and hybrid cloud solutions, will enhance Capgemini's ability to meet client needs in this dynamic market [4]. Group 4: Company Overview - Capgemini is a global business and technology transformation partner with a workforce of 420,000 across more than 50 countries, reporting global revenues of €22.1 billion in 2024 [6]. - The company focuses on delivering end-to-end services leveraging its deep industry expertise and strong partner ecosystem [6].

Core Insights - Capgemini has successfully closed the acquisition of Cloud4C, enhancing its leadership in cloud managed services and expanding its capabilities in automation and AI-driven solutions [2][3][4] Company Overview - Capgemini is a global business and technology transformation partner with a workforce of 420,000 across more than 50 countries, reporting global revenues of €22.1 billion in 2024 [5][6] Acquisition Details - The acquisition of Cloud4C, announced on August 26, 2025, fulfills all regulatory requirements and adds a team of 1,600 specialists in automation-driven managed services for various cloud environments [2][4] - Cloud4C's offerings include consulting, stack migration, and hybrid cloud solutions, which will complement Capgemini's existing services [3] Strategic Implications - The integration of Cloud4C will allow Capgemini to develop industry-specific frameworks and generative AI solutions, enhancing its SAP services and addressing client demand for cloud automation [2][3] - The acquisition is expected to facilitate smoother migrations for clients and provide access to advanced cloud managed services [3]