BlackRock To Buy 40% Stake In Manila-Based Aboitiz Equity’s Infrastructure Arm https://t.co/5HZjpgAObS https://t.co/5HZjpgAObS ...

BlackRock To Buy 40% Stake In Aboitiz Equity’s Infrastructure Armhttps://t.co/XzvG9LdpMj https://t.co/jWy070XjP4 ...

Core Insights - Dassault Systèmes reported strong financial results for Q2 2025, with total revenue of €1.52 billion, reflecting a 6% increase in constant currencies, aligning with the company's growth objectives [10][11] - The company reaffirmed its full-year growth outlook for 2025, expecting total revenue growth between 6% to 8% and diluted EPS growth of 7% to 10% [11][18] Financial Performance - Total revenue for the first half of 2025 reached €3.09 billion, up 4% year-over-year in IFRS terms, while non-IFRS revenue increased by 5% [16][62] - Software revenue in Q2 2025 was €1.37 billion, a 6% increase, driven by a 10% rise in subscription revenue [10][14] - The operating margin for Q2 2025 was reported at 29.3%, slightly down from 29.9% in the same period last year [10][12] Sector Performance - The Manufacturing sector showed resilience, particularly in Transportation & Mobility and High-Tech, with Aerospace & Defense also performing well [5][8] - Life Sciences software revenue remained flat at €268 million, accounting for 20% of total software revenue, while Industrial Innovation software revenue rose by 9% to €745 million [14][16] Geographic Performance - Revenue from the Americas increased by 2%, while Europe saw a significant growth of 10%, driven by strong performance in France and Southern Europe [14][16] - Asia's revenue rose by 6%, with notable double-digit growth in China, representing 24% of software revenue [14][16] Strategic Initiatives - The introduction of 3D UNIV+RSES aims to enhance capabilities in regulatory and compliance management, with AI expected to play a crucial role [7][8] - The acquisition of Ascon is highlighted as a strategic move to accelerate the shift towards software-defined manufacturing [9][10]

Core Insights - Dassault Systèmes reported Q2 2025 financial results that align with its growth objectives, reaffirming its 2025 growth outlook, particularly in AI-driven software solutions for various industries [2][3][10] Financial Performance - Total revenue for Q2 2025 reached €1.52 billion, reflecting a 6% increase in constant currencies, while software revenue also grew by 6% to €1.37 billion [9][13] - Year-to-date, total revenue increased by 4% to €3.09 billion, with software revenue up 5% to €2.81 billion [14][60] - Subscription revenue rose by 13% year-to-date, contributing to 80% of software revenue [9][13] Sector Performance - The Manufacturing sector demonstrated resilience, with notable growth in Transportation & Mobility and High-Tech industries [5][14] - Aerospace & Defense showed strong engagement, particularly highlighted by participation in the Paris Air Show [5][6] - Life Sciences revenue remained flat, but PLM solutions are increasingly critical for smarter manufacturing and agile supply chains [5][14] Strategic Initiatives - The introduction of 3D UNIV+RSES aims to enhance capabilities in regulatory and compliance management, with AI as a key enabler [7][10] - The acquisition of Ascon is part of the strategy to accelerate the transition to software-defined manufacturing [9][10] Geographic Performance - Revenue from the Americas increased by 2%, while Europe saw a 10% growth, driven by strong performance in France and Southern Europe [13][14] - Asia's revenue rose by 6%, with significant double-digit growth in China [13][14] Future Outlook - The company maintains its full-year revenue growth forecast of 6-8% and expects diluted EPS growth of 7-10% [10][16] - Non-IFRS financial objectives for Q3 2025 include total revenue between €1.485 billion and €1.535 billion, with software revenue growth projected at 5-9% [16][17]

Financial Data and Key Metrics Changes - In Q2 2025, the company reported revenue of $17 billion, adjusted EBITDA of $4.7 billion, and operating pre-tax income of $3.2 billion, with operating earnings per share at $2.8 [18] - Revenue growth exceeded 5% at constant currency, with adjusted EBITDA growth of 16% and operating earnings per share growth of 15% [19][27] - Free cash flow for the first half reached $4.8 billion, marking the highest first half free cash flow margin in many years [25] Business Line Data and Key Metrics Changes - Software revenue grew 8%, with annual recurring revenue (ARR) increasing to $22.7 billion, up 10% year-over-year [20] - Red Hat's growth accelerated to 14%, driven by strong demand for hybrid cloud solutions [20] - Infrastructure revenue increased by 11%, with hybrid infrastructure up 19% and IBM Z revenue up 67% due to the strong start of the Z17 program [21] - Consulting revenue remained flat, with Intelligent Operations revenue growing 2% and Strategy and Technology declining by 2% [22] Market Data and Key Metrics Changes - The company noted strong demand for technology across various regions, including Japan, South Asia, and the Middle East, with enterprise technology expected to grow in the 5% to 7% range [51] - The geopolitical environment has led some clients to adopt a cautious approach, but overall spending is expected to remain robust [6][7] Company Strategy and Development Direction - The company's strategy focuses on hybrid cloud and artificial intelligence, supported by five key elements: client trust, flexible platforms, sustained innovation, deep domain expertise, and a broad ecosystem [8] - The company is expanding its partner ecosystem to deliver AI at scale, with collaborations announced with major firms like Oracle, AWS, and Microsoft [11] - The company aims to achieve approximately $4.5 billion in annual run rate savings by the end of 2025, enhancing operational efficiency [30] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the macroeconomic environment, highlighting strong demand for technology and the potential for long-term growth [50] - The company raised its expectations for free cash flow to above $13.5 billion for the year, reflecting confidence in its ability to deliver sustainable, profitable growth [17][27] - Management acknowledged the dynamic environment but emphasized the strength of the company's portfolio and disciplined strategy [31] Other Important Information - The company closed the acquisition of DataStax, enhancing its capabilities in real-time scalable data for AI-driven applications [16] - The launch of the Z17 mainframe is expected to drive future growth, with significant advancements in AI inference operations [14] Q&A Session Summary Question: Can you elaborate on software trends and organic growth? - Management confirmed that organic growth in software has decelerated but remains confident in approaching double-digit growth for the year, driven by Red Hat and automation [34][36] Question: What are customer spending priorities in the current environment? - Management noted that customers are prioritizing AI and technology investments to improve efficiency and reduce costs, with a strong focus on modernization [49][52] Question: Why not raise guidance despite positive trends? - Management explained that while they are optimistic, they prefer to maintain a conservative approach, ensuring they meet expectations for the remainder of the year [57][66] Question: What is the outlook for software growth heading into 2026? - Management expressed confidence in maintaining or improving growth rates in software, driven by strong demand for Red Hat and automation solutions [70][72] Question: How is AI impacting customer spending in non-AI areas? - Management indicated that AI investments are largely incremental, enhancing existing products and services rather than cannibalizing other areas [88][92]

Alphabet earnings, we're ready to go. McKenzie Sagallows has them for us. Hi Mac.Hey Morgan, you've got Alphabet shares surging in the after hours up about 1.3%. Now let me get you those top and bottom line numbers. For Q2 revenue, it's coming in at $96.4% billion.That is a beat. The analyst uh consensus was $93.9% billion. On the bottom line, second quarter EPS was $2.31%.That's also a beat. the market was looking for $218. Uh we've also got another key figure which is cloud revenue that landed above analy ...

Financial Data and Key Metrics Changes - Net sales for the second quarter of 2025 were $1,050 million, a 1% increase year-over-year [20] - Adjusted operating income was $141.4 million, or 13.5% of net sales, a 70 basis point decrease from the prior year [22] - GAAP diluted loss per share was $1.53, while adjusted EPS declined slightly to $4.88 [21][22] Business Line Data and Key Metrics Changes - Infrastructure sales were $765.5 million, similar to last year, with utility sales increasing by 5.4% [23] - Solar sales declined nearly 50%, reflecting lower volumes, while telecommunications saw over 40% growth [23] - Agriculture sales increased by 2.7% to $289.4 million, driven by strong international market performance [24] Market Data and Key Metrics Changes - The infrastructure backlog approached $1.5 billion, indicating strong demand for products [10] - U.S. capital expenditures in utilities are expected to exceed $212 billion in 2025, a 22% increase [10] - International sales in agriculture increased by 22%, particularly in the EMEA region [24] Company Strategy and Development Direction - The company has completed a realignment strategy initiated in July 2023, exiting unprofitable solar segments and focusing on core strengths [7][8] - Future priorities include accelerating growth, driving efficiency, and advancing innovation [8] - The company aims to capture the infrastructure wave, with utility representing about 35% of total revenue [29] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in long-term market fundamentals driven by megatrends such as energy transition and infrastructure investment [6][14] - The company expects to see revenue and EPS improvements starting in Q4 2025, with a smooth growth trajectory anticipated [53] - Management highlighted a strong production week and positive outlook for the second half of the year [76] Other Important Information - The company reported nonrecurring charges totaling $138.3 million due to realignment actions, with expected annualized savings of $22 million in 2026 [19] - Operating cash flows reached $167.6 million, with a significant reduction in net working capital days [25][26] - The company maintains a balanced capital allocation strategy, investing in growth while returning capital to shareholders [28] Q&A Session Summary Question: Can you discuss the decision to exit the solar business? - Management stated the exit was due to an inability to provide strong returns in a competitive and fragmented market, while maintaining profitable operations in Italy and Brazil [41][42][44] Question: How does the increased tariff on steel impact your outlook? - Management indicated that steel pricing is stable and they have not seen any impact on demand, with a strong value proposition for customers [46][48] Question: What is the visibility for telecom growth for the rest of the year? - Management noted strong growth driven by carrier technology upgrades and expects continued strength into 2026 [70][71] Question: What are the drivers for growth in the lighting and transportation business? - Management acknowledged softer market conditions but emphasized ongoing execution improvements and strong DOT spending as positive indicators [98][100] Question: Can you elaborate on the expected revenue and EPS growth over the next few years? - Management confirmed expectations for low double-digit earnings growth, aligning with their long-term financial model [101][102]

Core Viewpoint - INNOVATE Corp. will release its financial results for Q2 2025 on August 5, 2025, after market close, followed by an earnings conference call at 4:30 p.m. ET to discuss the results, operations, and strategy [1]. Group 1: Financial Results Announcement - The financial results for the second quarter of 2025 will be announced on August 5, 2025, after market close [1]. - An earnings conference call will take place on the same day at 4:30 p.m. ET to review the results and discuss operations and strategy [1]. Group 2: Conference Call Details - The conference call will be accessible via domestic dial-in at 1-877-704-4453 and international dial-in at 1-201-389-0920 [3]. - A replay of the conference call will be available approximately three hours after the call and can be accessed until August 19, 2025 [3]. Group 3: Company Overview - INNOVATE Corp. operates in three key areas of the new economy: Infrastructure, Life Sciences, and Spectrum [4]. - The company is committed to stakeholder capitalism and employs approximately 3,100 people across its subsidiaries [4].

Core Insights - VINCI Energies has signed an agreement to acquire the R+S Group, a German company specializing in electrical installation, automation, heating, ventilation, and air conditioning in the building sector, pending approval from German competition authorities [2][3] - The acquisition will enhance VINCI Energies' range of electrical and multi-technical solutions for buildings and expand its customer offerings [3][4] - In 2024, the R+S Group generated revenue of €191 million and employs 1,200 people [2][7] Company Overview - VINCI is a global leader in concessions, energy solutions, and construction, employing 285,000 people across more than 120 countries [5] - In Germany, VINCI generated nearly €5.6 billion in total revenue in 2024, making it the company's second-largest international market [4] - VINCI Energies operates in four business lines in Germany: Infrastructure, Industry, Building Solutions, and ICT, with a workforce of 16,600 across 385 sites [3][4]

Adani Enterprises expects to get 108.7 billion rupees ($1.3 billion) by selling its residual stake in AWL Agri Business as the ports-to-power conglomerate exits non-core activities to focus on its mainstay infrastructure businesses https://t.co/losH0i0nAO ...