Financial Data and Key Metrics Changes - Total revenue for Q3 FY2025 was $12.7 million, up from $12.1 million in Q3 FY2024, representing a year-over-year increase of approximately 5% [8] - Annual recurring revenue (ARR) reached $20.4 million, a 23% increase year-over-year [9] - Gross margin improved to 49.5%, a 430 basis point increase compared to the prior year [12] - Adjusted EBITDA set a new record at $1.4 million, compared to $961,000 in the year-ago quarter, with a trailing twelve months adjusted EBITDA of $5.1 million, representing a 10.4% margin [17][18] Business Line Data and Key Metrics Changes - Platform subscription revenue increased by 22% to $4.8 million, driven by growth in both B2B and B2C segments [8] - B2B segment saw net incremental ARR growth of $736,000, a record for the company [10] - Transaction revenue decreased to $7.8 million from $8.2 million in the prior year quarter, a decline of 4% [11] Market Data and Key Metrics Changes - Total active customer count decreased to 1,380 from 1,426 year-over-year [12] - The company noted that budget cuts in government and academic institutions have not yet materially impacted churn or the sales pipeline [33] Company Strategy and Development Direction - The company is focusing on building a professional sales and renewal team as part of its long-term strategy [21] - Investments in sales and marketing are expected to drive predictable growth, particularly in the B2C segment through digital advertising [42] - AI is central to the company's strategy, with ongoing development of AI-based products aimed at enhancing research capabilities [23][25] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the ongoing revenue mix shift towards higher-margin SaaS revenue and expects a strong finish in the final quarter of the fiscal year [19][20] - The company is monitoring the impact of budget cuts on academic library budgets but views it as an opportunity rather than a threat [36] Other Important Information - The company reported a cash balance of $9.9 million as of March 31, 2025, up from $6.1 million on June 30, 2024 [18] - The company is exploring options for utilizing its cash reserves, including potential acquisitions [38] Q&A Session Summary Question: Thoughts on shifting gears to drive faster growth through sales and marketing - Management indicated that investments in sales and marketing are aimed at creating a predictable growth model, particularly in B2C [40][41] Question: Potential of AI to streamline operations and lower costs - Management acknowledged that AI could enhance productivity and is focusing on utilizing AI for R&D and software engineering [46][47] Question: Performance of new logo versus cross-sell teams - New logo teams performed well, contributing over half of total new bookings, with strong performance noted in both academic and corporate segments [52][53] Question: Trends in B2C segment as classes wrap up - Management noted a weakening in trials and sign-ups, but improvements in conversion rates were also highlighted [57][58]

Financial Data and Key Metrics Changes - Q1 2025 revenue was $22.5 million, down $1.7 million from Q1 2024, primarily due to a decline in managed services and software products [22][21] - Q1 GAAP gross profit was $13.9 million, compared to $16.6 million in Q1 2024, resulting in a GAAP gross margin of 61.9%, down from 68.8% [25][26] - Non-GAAP net loss from continuing operations was $11.1 million, compared to $10.3 million in Q4 2024, reflecting lower non-GAAP gross profit [27][28] Business Line Data and Key Metrics Changes - Managed services revenue in Q1 2025 was $8 million, down $900,000, driven by declines in campaigns and slightly lower licensing [22] - Software products and services revenue saw a decline of $600,000 year over year, largely due to decreased consumption-based revenue [23] - Veritone Data Refinery (VDR) generated approximately $900,000 in revenue in Q1 2025, with expectations for substantial year-over-year growth [23][10] Market Data and Key Metrics Changes - The public sector pipeline now exceeds $110 million, indicating increasing demand for AI-based applications and services [20] - The global training data market is expected to grow from $2.4 billion in 2023 to over $17 billion by 2032, positioning Veritone strategically to capitalize on this demand [9] - The company anticipates public sector revenue growth of 100% to 150% year over year, driven by near-term deals across the Department of Defense [34] Company Strategy and Development Direction - Veritone is focused on expanding its reseller network, enhancing ATS integrations, and growing its Media Services solution to drive growth in Veritone Hire [12] - The company is leveraging its AI-driven solutions to address challenges in the media and entertainment industry, which is experiencing significant growth [6][11] - VDR is expected to generate significant revenue for the remainder of the year, with a near-term pipeline of over $10 million, up from $5 million [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth prospects for the public sector and VDR initiatives, despite some delays in larger public sector deals [21][44] - The company is optimistic about maintaining leadership in the AI space and delivering strong sustained growth in 2025 and beyond [11] - Management highlighted the importance of timing in revenue generation from public sector deals, indicating readiness to deploy once contracts are signed [54] Other Important Information - The company completed a registered direct offering, raising approximately $20.3 million, which will support its liquidity position [28] - As of Q1 2025, Veritone held cash and restricted cash of $16.4 million, down from $17.3 million at the end of 2024 [27] - The company is currently in discussions to further improve its cash position and balance sheet [28] Q&A Session Summary Question: What portion of the public pipeline is new customers versus expansions? - Management indicated that the majority is customer expansion, with executed revenue-based contracts for larger pipeline customers expected soon [42] Question: Can you provide more granularity on the second quarter and annual revenue guidance? - Management stated that the second half revenue is expected to be driven by VDR and public sector deals, with good visibility on the size and contribution of these deals [44] Question: When could public safety deals start generating revenue? - Management confirmed that some high-visibility contracts are ready to deploy and will begin generating revenue almost immediately after contract release [54] Question: What steps are being taken to address challenges in Veritone Hire? - Management outlined a three-pronged approach focusing on expanding the reseller network, enhancing media services, and optimizing algorithms for better ROI [58] Question: How will margins flow throughout the year? - Management expects margins to improve as public sector deals come in and VDR matures, with a gradual increase anticipated each quarter [66]

Financial Data and Key Metrics Changes - Total revenue for Q3 FY2025 was $12.7 million, up from $12.1 million in Q3 FY2024, representing a year-over-year increase of approximately 5% [8] - Annual recurring revenue (ARR) reached $20.4 million, a 23% increase year-over-year [9] - Gross margin improved to 49.5%, a 430 basis point increase compared to the prior year [12] - Net income was $216,000 or $0.01 per diluted share, compared to $76,000 in the prior year [15] Business Line Data and Key Metrics Changes - Platform subscription revenue increased by 22% to $4.8 million, driven by growth in both B2B and B2C segments [8] - Transaction revenue decreased to $7.8 million from $8.2 million in the prior year, a decline of 4% [11] - B2B ARR grew by $736,000, marking a record for the company in a single quarter [10] Market Data and Key Metrics Changes - The total active customer count decreased to 1,380 from 1,426 year-over-year [12] - The company noted that budget cuts in government and academic institutions have not yet materially impacted churn or the sales pipeline [33] Company Strategy and Development Direction - The company is focusing on building a professional sales and marketing team as a cornerstone of its value creation strategy [21] - AI-based products are central to the company's strategy, with significant growth reported in the B2B enterprise license segment, which saw an 80% increase year-over-year [5][24] - The company aims to continue shifting its revenue mix towards higher-margin SaaS revenue [19] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the ongoing investments in sales and marketing, which are expected to yield predictable growth [41] - The company anticipates a strong finish to the fiscal year, despite potential declines in transaction revenue [19] - Management is closely monitoring the impact of budget cuts on academic library budgets but views it as an opportunity for their pay-as-you-go model [37] Other Important Information - Adjusted EBITDA reached a record $1.4 million, compared to $961,000 in the prior year, with a trailing twelve-month adjusted EBITDA margin of 10.4% [17] - Cash flow from operations for the quarter was approximately $2.9 million, up from $2 million in the prior year [18] Q&A Session Summary Question: Thoughts on shifting gears in sales and marketing to drive faster growth - Management indicated that investments in sales and marketing are aimed at creating a predictable model for customer acquisition and growth [41] Question: How AI can streamline operations and lower costs - Management acknowledged the potential of AI to enhance productivity and indicated plans to focus on utilizing AI for R&D and software engineering [47] Question: Performance of new logo versus cross-sell teams - New logo teams performed well, contributing over half of total new bookings, with strong performance noted in both corporate and academic segments [54]

NCR Voyix (VYX) Q1 2025 Earnings Call May 08, 2025 08:00 AM ET Company Participants Sarah Jane Schneider - VP - IRJames Kelly - President, CEO & DirectorNick East - EVP & Chief Product OfficerBenny Tadele - EVP & President, RestaurantsDarren Wilson - EVP & President, Retail and PaymentsBrian Webb-Walsh - Executive VP & CFODan Perlin - Managing DirectorErik Woodring - Managing Director - Equity ResearchWill Nance - Vice President Conference Call Participants Matt Summerville - Managing Director & Senior Rese ...

Financial Data and Key Metrics Changes - Total revenue for the quarter was $617 million, a decline of $93 million or 13% due to softness in hardware sales and exiting $20 million of one-time software and services revenue [28][30] - Recurring revenue increased by 2% to $407 million, representing 66% of total company revenue [28][30] - Adjusted EBITDA increased by 19% to $75 million, with a margin expansion of 330 basis points to 12.2% driven by cost actions [28][29] Business Line Data and Key Metrics Changes - In the restaurant segment, total revenue declined by 5% to $191 million, with recurring revenue decreasing by 1% to $138 million [29][30] - The retail segment saw total revenue decline by 14% to $420 million, while recurring revenue increased by 4% to $265 million [29][30] - Software ARR and total segment ARR increased by 52% respectively, and platform sites increased by 27% to 77,000 sites [28][29] Market Data and Key Metrics Changes - The U.S. market represented approximately 60% of annual hardware sales, with tariff-related costs expected to be between $8 million and $12 million for the balance of the year [9][33] - The company is focusing on international markets, with two executives based outside the U.S. to better understand global customer needs [6][60] Company Strategy and Development Direction - The company is transitioning to a cloud-native platform and payment initiatives, with launches expected in the second half of the year [6][12] - The Voyage Commerce Platform (VCP) will enable customers to transform physical locations into digital experience channels, enhancing customer engagement and loyalty [12][16] - The company is prioritizing capital allocation towards share repurchases and investments in products and infrastructure [11][30] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about customer demand for platform solutions and the ongoing transition to recurring revenue models [6][28] - The company maintains guidance for the year, expecting currency-neutral revenue to range from $2.575 billion to $2.65 billion, reflecting a 6% to 9% decline [33][34] - Management noted that customer relationships remain strong, with low revenue attrition and ongoing interest in upgrading to new technologies [68][70] Other Important Information - The company repurchased approximately 5 million shares for $62 million during the first quarter, with a total of 10 million shares repurchased for $125 million since November 2024 [30][32] - The company is implementing mitigations for tariff impacts by sourcing suppliers in lower or non-tariff markets [9][47] Q&A Session Summary Question: Update on self-checkout demand - Management noted ongoing interest in self-checkout solutions as retailers seek cost efficiencies and automation [39][40] Question: Details on restructuring plan and tariff mitigation - The restructuring plan is sized at $100 million, with expected spending increasing to $65 million due to additional restructuring needs [45][46] Question: Status of payments integration with Worldpay - The integration with Worldpay is on track, with expectations for completion by the end of summer [56][57] Question: Insights on macroeconomic impact on spending - Management reported low revenue attrition and strong customer relationships, indicating no significant pullback in spending [68][70] Question: Retail business margin dynamics - Retail margins were impacted by hardware declines and product mix, but recovery is expected in Q2 [74]

When Apple (AAPL -1.14%) recently reported its fiscal second-quarter results, it highlighted both the positives the company is seeing and the challenges it is facing. With the stock down around 20% this year, as of this writing, Apple has lost its mantle as the world's largest company to rival Microsoft.Let's examine if the positives for Apple outweigh the risks, or if investors should move on to better ideas.Legal and tariff risksWhile at its core Apple is a hardware company, it is the company's high-margi ...

丨证券研究报告丨 行业研究丨点评报告丨软件与服务 [Table_Title] AI 全球速递：从 Palantir FY25Q1 财报看 AI 产 业趋势 报告要点 [Table_Summary] Palantir 披露其 2025 年 Q1 季度财报，报告期内，其净销售额为 8.84 亿美元，同比增长 39%， 环比增长 7%，高于一致预期 8.63 亿美元；实现归母净利润 2.14 亿美元，同比增长 103%，环 比增长 171%，高于一致预期 1.78 亿美元。公司营收业绩超预期，且据财报表述 AIP 需求仍然 强劲，已进入产品开发与应用的下一阶段，聚焦打造企业自主性 AI Agent。Palantir 作为全球 领先的 AI 解决方案服务商，凭借技术优势与商业策略实现营收增速逐季度上行，是 AI 驱动增 长的典型案例，对应国内推荐关注全年围绕 AI Agent 带来的投资机遇。 分析师及联系人 [Table_Author] SAC：S0490520030004 SFC：BUX668 请阅读最后评级说明和重要声明 %% %% %% %% research.95579.com 1 软件与服务 cjzqdt ...

Q2 2025 Financial Performance - Revenue reached $1.13 billion, a 40% year-over-year increase on a pro forma constant currency basis[18] - Non-GAAP operating margin was 213%, up 290 basis points year-over-year[18] - Free cash flow was $156 million, or $181 million excluding restructuring payments[18] - Non-GAAP EPS was $1.78, exceeding guidance[18] - The 12-month backlog grew to $4.17 billion, a 35% year-over-year increase on a pro forma basis[18] Strategic Progress - Amdocs is expanding with new and existing customers in North America, including strengthened relationships with payment solutions, dealer commissions, and expanded IT services[20] - The company is achieving project milestones for major operators, such as progressing AT&T's mainframe-to-cloud migration and delivering a cloud-native platform in Japan[21] - Managed services achieved a record quarter, representing approximately 66% of total revenue in Q2 2025[23, 51] - Amdocs is focused on strategic growth domains, including accelerating the journey to the cloud, digitally transforming the customer experience, monetizing next-generation networks, delivering dynamic connected experiences, and simplifying the adoption of Generative AI[24] FY2025 Outlook - Amdocs is reiterating its FY2025 revenue growth outlook of 17%-37% year-over-year in pro forma constant currency[39] - The company is targeting a non-GAAP operating margin of 211%-217%, up 300 basis points year-over-year at the midpoint[39] - Free cash flow is projected to be between $710 million and $730 million, with a free cash flow yield of approximately 7%[39] - Amdocs is positioned for double-digit expected total shareholder returns in FY2025[39]

Financial Data and Key Metrics Changes - Total revenue for Q1 2025 was $64.7 million, above the midpoint of guidance, with adjusted EBITDA of $200,000 exceeding the high end of guidance [9][25][26] - Revenue from hosted services was $55.1 million, down 23% year-over-year, while recurring revenue was $60.4 million, accounting for 93% of total revenue and down 22% year-over-year [26] - Average revenue per customer increased by 2% year-over-year to $640,000, while net revenue retention decreased to 80% from 82% in the previous quarter [27] Business Line Data and Key Metrics Changes - The company signed a total of 50 deals in Q1, including five new logos and 45 expansions and renewals, representing a 25% quarter-over-quarter increase [22] - Professional services revenue was $9.6 million, down 30% year-over-year [26] Market Data and Key Metrics Changes - U.S. revenue was $40 million, while international revenue was $24.7 million, representing 38% of total revenue [26] - The company observed increasing demand for AI agents and orchestration, with significant renewals and expansions from major clients in regulated industries [23][24] Company Strategy and Development Direction - The company focuses on delivering a unified AI-powered platform for voice and digital engagement, emphasizing innovation without disruption [5][6][7] - Partnerships are a key part of the go-to-market strategy, with an expected launch of integration with Amazon Connect in Q2 [17][18] Management's Comments on Operating Environment and Future Outlook - Management noted that while the macro environment is uncertain, it has not led to deal shrinkage, and many deals have expanded in size [36][37] - The company expects positive net new annual recurring revenue (ARR) in the second half of the year, driven by improved renewal rates and new logos [20][30] Other Important Information - The company reaffirmed its full-year revenue guidance range of $240 million to $255 million, with approximately 93% expected to be recurring [28] - Cash on the balance sheet at the end of Q1 was $176 million, including proceeds from a previous transaction [28] Q&A Session Summary Question: Can you talk about the progress on the slipped Q1 deals in Q2 and any potential additional deal slippage? - Management indicated that they are on track to close the slipped deals in Q2, which have actually expanded in size [34][35] Question: Can you discuss the enthusiasm for the Amazon Connect integration and its potential impact? - Management expressed optimism about early interest in the integration, viewing it as a positive alignment with their strategy [39][41] Question: Can you elaborate on the trend in renewal rates over the last few quarters? - Management noted a significant improvement in renewal rates for Q2, approaching industry norms, and attributed this to changes in customer success efforts [46][48]

Financial Data and Key Metrics Changes - Revenue for Q2 2025 was $1,130,000,000, an increase of 4% year-over-year in pro forma constant currency, exceeding the midpoint of guidance [5][22] - Non-GAAP earnings per share (EPS) was $1.78, above the guidance range, primarily due to a lower than expected non-GAAP effective tax rate [6][24] - The twelve-month backlog increased by 3.5% year-over-year to $4,170,000,000, indicating strong demand and a healthy pipeline [6][29] Business Line Data and Key Metrics Changes - Revenue from managed services reached a record $747,000,000, up 3.7% from the previous year, accounting for 66% of total revenue [24] - The company reported a non-GAAP operating margin of 21.3%, which improved by 10 basis points sequentially and by 290 basis points year-over-year [23][24] Market Data and Key Metrics Changes - North America showed slight sequential growth and a 1.4% increase year-over-year in pro forma constant currency [22] - Europe rebounded from previous weaknesses, benefiting from new deal activities and contributions from acquisitions [22] - Southeast Asia experienced healthy customer activity, while Latin America showed mixed trends, leading to a sequential decline in the Rest of the World [22] Company Strategy and Development Direction - The company is focused on accelerating the adoption of GenAI in the telecom industry, collaborating with NVIDIA to enhance AI capabilities [16][17] - Amdocs aims to deliver double-digit growth in cloud-related revenue for fiscal 2025, supported by strong sales momentum and strategic partnerships [10][30] - The multi-pillar growth strategy emphasizes innovation in cloud, digital transformation, and network automation to meet customer needs [9][12] Management's Comments on Operating Environment and Future Outlook - Management noted rising global macroeconomic uncertainty but believes Amdocs is well-positioned to navigate the environment due to its unique business model [18][19] - The company reiterated a revenue growth outlook of 2.7% for fiscal 2025, with a tightened range of 1.7% to 3.7% [19][30] - Amdocs expects to achieve double-digit total shareholder returns for the fifth consecutive year, supported by improved profitability and cash conversion [31] Other Important Information - The company repurchased $135,000,000 of its own shares and authorized a new share repurchase plan of $1,000,000,000 [27][28] - Free cash flow for Q2 was $181,000,000, with a target of $710,000,000 to $730,000,000 for fiscal 2025 [28] Q&A Session Summary Question: Focus on AI contributions to revenue growth - Management indicated that GenAI activities are closely linked to data, with positive signs of proof of concepts maturing into real deals [34][36] Question: Customer spending behavior - Management reported no significant changes in customer spending behavior despite rising macroeconomic concerns [46][47] Question: Fluctuations in accounts receivable - Management explained that fluctuations in accounts receivable are normal due to the nature of project milestones and invoicing cycles [48][50] Question: Progress on AI offerings and contracting - Management noted good progress in data-related activities supporting GenAI, with several customers making significant strides [53][54]