Core Points - The ISG Women in Digital Awards program recognizes women in technology roles, celebrating their achievements and impact on the industry [1][3] - The fourth annual awards ceremony took place virtually on September 4, 2025, honoring leaders from Verizon, Innova Solutions, Assurant, Blend Labs, Infosys, and Nokia as gold winners in six categories [2][9] - The program has expanded globally, with a total of 536 finalists in 2025, and upcoming regional awards ceremonies scheduled for Asia Pacific and EMEA [5][6] Award Categories and Winners - **Rising Star**: Antra Malhotra, Verizon (Gold), Debadrita Roy, Public Service Enterprise Group (Silver), Stacie Ruen, GM (Bronze) [3] - **Women's Advocate**: Nita Sardana, Innova Solutions (Gold), Smriti M. Jayaraman, Corazon Capital (Silver), Tiffany Gray, CISO Global (Bronze) [3] - **Digital Innovator**: Nimarta Nanda, Assurant (Gold), Catalin Chan, TriNet (Silver), Cintia Barcelos, Banco Bradesco (Bronze) [4] - **Rock Star Leader**: Winnie Ling, Blend Labs (Gold), Jenny Koehler, PwC US (Silver), Charu Kapur, Birlasoft (Bronze) [4] - **AI Champion**: Rajeshwari Ganesan, Infosys (Gold), Edwina Fitzmaurice, EY (Silver), Urvashi Sheth, Intermedia, Inc. (Bronze) [4] - **Digital Titan of the Year**: Dr. Anmol Agarwal, Nokia, recognized as the most outstanding woman in digital for 2025 [4] Program Background - The ISG Women in Digital program was established in 2018 to promote advocacy and advancement for women in the workplace, providing a platform for sharing ideas and advice [6] - The program includes a LinkedIn community and regular events for ISG employees and the broader IT and business services industry [6][7]

Core Insights - Stock markets are reaching new records as investor confidence grows regarding potential Federal Reserve rate cuts due to a softening labor market and rising inflation from tariffs [1] Company Summaries - **Halozyme Therapeutics, Inc. (HALO)**: A biopharmaceutical company focused on oncology treatments and drug delivery technology. Expected earnings growth of 46.1% in 2025, with a 9.1% increase in broker ratings over the past four weeks. Currently holds a Zacks Rank 1 [7][8][10] - **Leidos Holdings, Inc. (LDOS)**: A global leader in science and technology serving defense, intelligence, civil, and health markets. Projected earnings growth of 9.2% in 2025, with a 5.6% increase in broker ratings over the past four weeks. Currently holds a Zacks Rank 2 [9][11][10] - **TransUnion (TRU)**: A leading provider of risk and information solutions. Expected earnings growth of 4.1% in 2025, with a 5% increase in broker ratings over the past four weeks. Currently holds a Zacks Rank 2 [11][12][10]

Core Viewpoint - Thomson Reuters has announced a $1.0 billion share repurchase program and entered into an automatic share purchase plan to facilitate share purchases during blackout periods [1][2]. Group 1: Share Repurchase Program - The company plans to repurchase up to 10 million common shares between August 19, 2025, and August 18, 2026, as part of its normal course issuer bid (NCIB) [1]. - The automatic share purchase plan (ASPP) allows the company to buy shares during periods when it would typically be restricted from doing so due to regulatory reasons [2]. - All purchases made under the ASPP will count towards the total shares repurchased under the NCIB [2]. Group 2: Conditions and Management Discretion - Purchases under the ASPP will be executed by the company's broker based on parameters set by Thomson Reuters, ensuring no material non-public information is involved [2]. - Outside of predetermined blackout periods, share purchases will be at management's discretion, adhering to TSX rules and applicable securities laws [2]. - Future repurchase decisions will depend on market conditions, share price, and other investment opportunities [3].

Summary of Key Points from the Conference Call Industry Overview - The focus is on the impact of AI, particularly generative AI (GenAI), on various sectors, especially in information services and professional services [1][2][3] - Companies that rely heavily on "words" rather than "numbers" are expected to face significant challenges due to AI advancements [1] Core Insights - Companies with proprietary data must rethink their messaging strategies to emphasize the uniqueness and value of their data [2] - The potential benefits of AI are becoming increasingly critical to quantify for investors, as anecdotal evidence is no longer sufficient [2] - A recent MIT study indicates that 95% of GenAI pilots are failing, suggesting that AI's impact may be more marginal than previously thought [2] - Strong moat characteristics in companies include proprietary data, network effects, and deep workflow integration [3] - Companies like SPGI and MCO have already achieved AI efficiencies, resulting in revenue growth of +31% and +33% respectively in 2024 without increasing headcount [4] Sector Vulnerabilities - Labor-intensive and easily replicable research and software companies face the greatest challenges from AI [5] - Companies with strong network effects and proprietary content are less vulnerable to disruption [5] - The potential for job reductions in white-collar sectors due to AI is a significant concern, with estimates suggesting that global banks could cut up to 200,000 jobs in the next 3-5 years [5][17] - The debate around headcount reduction is particularly focused on white-collar jobs, with finance and accounting roles being highly exposed to AI risks [17] Company-Specific Insights - Thomson Reuters (TRI) is highlighted as a leader in the information services sector, with significant investments in AI and a unique data offering [14] - TRI's annual AI investment has increased from $100 million to $200 million, and it has made strategic acquisitions to bolster its AI capabilities [14] - TRI estimates a total addressable market (TAM) uplift of ~$12 billion due to GenAI, with a significant portion coming from legal services [27] - Gartner (IT) has faced a stock decline of 50% YTD due to perceived AI disruption risks, particularly in its research and seat-based model [14] Competitive Landscape - The competitive landscape is shifting, with big tech companies likely to seek acquisitions of data sets and industry expertise from information services firms [9] - Partnerships between information services and big tech companies are becoming more common, enhancing capabilities and market positioning [9] - Companies must find a balance between leveraging proprietary data and adopting new technologies to remain competitive [8] Conclusion - The rapid evolution of AI presents both opportunities and risks for companies in the information services and professional services sectors [9] - Companies that can effectively integrate AI into their operations while maintaining a strong data moat are likely to thrive, while those that fail to adapt may face significant challenges [9][10]

Group 1 - IHS Markit is a world leader in critical information, analytics, and solutions for major industries and markets that drive global economies [1] - The company serves over 50,000 key business and government customers, including 80 percent of the Fortune Global 500 and leading financial institutions [1] - IHS Markit is headquartered in London and is committed to sustainable, profitable growth [1] Group 2 - The company provides next-generation information, analytics, and solutions to enhance operational efficiency and deliver deep insights for informed decision-making [1]

Core Insights - Markets began 2025 positively but have experienced significant volatility due to tariff pressures and geopolitical uncertainties, with rising expectations for a September FOMC rate cut amid a softening labor market and inflationary trade policy effects [1] Stock Selection Strategy - The current investment environment necessitates a conventional stock selection method, focusing on companies with steady sales growth. Notable companies include Microsoft Corporation (MSFT), Textron Inc. (TXT), Bank OZK (OZK), and TransUnion (TRU) [2][9] Revenue and Financial Health - Investors prioritize revenue over earnings when evaluating companies, as increasing sales indicate a growing customer base and long-term potential. Conversely, stagnant or declining revenues may suggest operational challenges [3] - Revenue growth should be analyzed alongside a company's cash position, as strong cash reserves and healthy cash flow provide flexibility for growth and operational stability [4] Screening Parameters for Stock Selection - Stocks are shortlisted based on criteria including 5-Year Historical Sales Growth (%) greater than the industry average and Cash Flow exceeding $500 million [5] - Additional metrics include a Price/Sales (P/S) Ratio lower than the industry average, positive % Change in F1 Sales Estimate Revisions compared to the industry, Operating Margin greater than 5%, Return on Equity (ROE) above 5%, and a Zacks Rank of 1 or 2 [6][7][8] Company-Specific Insights - Microsoft (MSFT) is projected to have a 13.8% sales growth in 2025 and currently holds a Zacks Rank of 2 [9][10] - Textron (TXT) anticipates a 7.7% sales growth in 2025, also with a Zacks Rank of 2 [11] - Bank OZK (OZK) expects a 4.2% increase in sales for 2025, maintaining a Zacks Rank of 2 [11] - TransUnion (TRU) forecasts a 6.9% sales growth in 2025 and holds a Zacks Rank of 2 [12]

Core Viewpoint - Thomson Reuters plans to repurchase up to $1.0 billion of its shares under a new normal course issuer bid (NCIB) approved by the Toronto Stock Exchange [1][2]. Group 1: Share Repurchase Details - The company may repurchase up to 10 million common shares, representing approximately 2.22% of its issued and outstanding common shares as of August 12, 2025, between August 19, 2025, and August 18, 2026 [2]. - Repurchases will occur in open market transactions on the TSX, Nasdaq, and other eligible exchanges, with the price being the market price at the time of purchase [3]. - Daily repurchases on the TSX are limited to a maximum of 91,026 shares, which is 25% of the average daily trading volume of 364,105 for the six months ended July 31, 2025 [3]. Group 2: Capital Strategy and Flexibility - Thomson Reuters maintains a disciplined capital strategy that balances growth, financial leverage, credit ratings, and returns to shareholders through dividends and share repurchases [5]. - The NCIB provides a flexible way for the company to return value to shareholders who choose to sell their shares [5]. - Future repurchase decisions will depend on market conditions, share price, and other investment opportunities, with the option to suspend or discontinue repurchases at any time [6].

Core Insights - Clarivate Plc has signed an agreement with the University of Melbourne to provide a comprehensive suite of library solutions and services aimed at enhancing academic success [1][3] - The collaboration will implement advanced library management systems, including Alma, Primo, Leganto, Rapido, and Library Open Workflows, to improve resource access and operational efficiency [1][2] - The partnership is built on a two-decade history and aims to transform library systems, enhancing user experiences for students and faculty [3] Company Overview - Clarivate is a global provider of transformative intelligence, offering data, insights, analytics, and workflow solutions across various sectors, including Academia, Government, Intellectual Property, and Life Sciences [4] - The University of Melbourne, established in 1853, is one of Australia's oldest universities, with over 77,000 students and a commitment to impactful research and education [4]

Core Points - Clarivate Plc, a leading global provider of transformative intelligence, will present at the Oppenheimer 28th Annual Technology, Internet & Communications Virtual Conference on August 13, 2025 [1] - The presentation will be made by Matti Shem Tov, Chief Executive Officer, and Jonathan Collins, Executive Vice President and Chief Financial Officer [1] - A live webcast of the presentation will be available and can be accessed online, with a replay option available for 90 days [2] Company Overview - Clarivate offers enriched data, insights, analytics, workflow solutions, and expert services in Academia & Government, Intellectual Property, and Life Sciences & Healthcare [3] - The company is positioned as a key player in providing transformative intelligence across various sectors [3]

Core Insights - IHS Markit is a leading provider of critical information, analytics, and solutions across major industries and markets globally [1] - The company serves over 50,000 key business and government customers, including 80% of the Fortune Global 500 and top financial institutions [1] - IHS Markit is headquartered in London and focuses on sustainable, profitable growth [1] Company Overview - IHS Markit delivers next-generation information and analytics to enhance operational efficiency for its clients [1] - The company provides deep insights that facilitate well-informed and confident decision-making [1]