Core Insights - Infosys Limited (NYSE:INFY) is recognized as a promising investment in emerging markets, particularly due to its strategic partnerships aimed at enhancing artificial intelligence solutions [1][8] Group 1: Strategic Partnerships - Infosys has entered a strategic partnership with Anthropic PBC to develop advanced AI solutions, combining Anthropic's Claude Models with Infosys' Topaz AI products to automate complex workflows and expedite software deliveries [2][3] - The collaboration will focus on creating AI agents capable of managing long, complex processes, targeting sectors such as telecommunications and financial services, with plans to expand into software development and manufacturing [4][5] Group 2: Energy Efficiency Initiatives - Infosys is expanding its partnership with ExxonMobil to develop advanced cooling systems for data centers, utilizing ExxonMobil's immersion fluids to enhance energy efficiency and performance [6] - This collaboration aims to assist large enterprises and governments in managing AI and high-performance computing needs, ultimately reducing energy costs and carbon emissions while improving digital infrastructure resilience [7] Group 3: Company Overview - Infosys is a global leader in next-generation digital services, consulting, and outsourcing, aiding businesses in over 50 countries with their digital transformation efforts, particularly in AI, cloud services, and agile workflows [8]

Kyndryl Holdings (KD) Files Amended Quarterly and Fiscal Year Reports Detailing Material Internal Control Weaknesses After 3 Key Executives Depart, Securities Class Action Pending- Hagens Berman [Accessibility Statement] Skip NavigationSAN FRANCISCO, Feb. 20, 2026 /PRNewswire/ -- On February 17, 2026, Kyndryl Holdings, Inc. (NYSE: KD) filed two amended quarterly reports and one amended annual report providing further detail about problems previously reported on February 9, 2026.The recent filings reveal tha ...

Core Viewpoint - A class action lawsuit has been filed against Kyndryl Holdings, Inc. and certain senior executives for securities fraud, following significant stock drops attributed to potential violations of federal securities laws [1][3]. Company Overview - Kyndryl is a leading provider of enterprise technology services, offering advisory, implementation, and managed service capabilities to customers in over 60 countries. It is recognized as the world's largest IT infrastructure services provider [4]. Allegations - The lawsuit alleges that Kyndryl misrepresented its cash management practices, including the drivers of its adjusted free cash flow metric, and the effectiveness of its internal controls over financial reporting for FY2025 and the first three quarters of FY2026 [5]. Stock Performance - On February 9, 2026, Kyndryl announced a delay in releasing its fiscal Q3 2026 financial statement due to an accounting review of its cash management practices, which led to the immediate departures of its CFO and General Counsel. This announcement resulted in a stock price drop of $12.90 per share, or 55%, from $23.49 on February 8, 2026, to $10.59 on February 9, 2026 [6][7].

Market Overview - Markets opened cautiously on February 20, with benchmark indices trading in a narrow range after a significant sell-off that resulted in a loss of nearly ₹6.79 lakh crore in market capitalization [1] - The Sensex opened at 82,272.49 and was trading at 82,591.30, up ₹93.16 or 0.11% [2] - The Nifty 50 opened around 25,400 and was trading at 25,503.60, up 49.25 points or 0.19% [2] Sector Performance - The sell-off on Thursday was broad-based, with reality and media indices losing nearly 2% each, marking the steepest sectoral declines [2] - Banking, auto, FMCG, metals, and aviation stocks were also significantly impacted [3] - Information technology stocks continued to drag the market, with Tech Mahindra falling 1.39% and Infosys dropping 1.34% [11] Investor Activity - Both foreign institutional investors (FIIs) and domestic institutional investors (DIIs) turned net sellers, offloading ₹459.90 crore and ₹1,082.15 crore, respectively, in the cash market [3] - Analysts suggest that investors optimistic about a potential deal can use the current market weakness to buy fairly valued high-quality stocks in various sectors [12] Geopolitical Influences - The primary trigger for the risk-off mood was escalating US–Iran geopolitical tensions, with President Trump warning of potential consequences if a deal is not reached [4] - Crude oil prices surged above $66 per barrel, climbing more than 7% over two days due to concerns over potential disruptions in the Strait of Hormuz [4] Global Market Impact - Wall Street closed lower, with the Dow Jones falling 267 points, the Nasdaq down 70 points, and the S&P 500 dipping 19 points [5] - The US Dollar Index rose to near 97.80, impacting emerging market assets, while gold remained above $5,000 per troy ounce due to safe-haven demand [9] Technical Analysis - The Nifty has slipped below its 20-, 50-, and 100-day exponential moving averages, indicating a bearish trend [12] - Immediate support for the Nifty lies at 25,400–25,300, with resistance at 25,600 [12] - The Bank Nifty is hovering above the crucial support zone of 60,500–60,300, with a breach below this level potentially dragging the index toward 60,000–59,800 [12]

LOS ANGELES, Feb. 19, 2026 (GLOBE NEWSWIRE) -- Glancy Prongay Wolke & Rotter LLP reminds investors of the upcoming April 13, 2026 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Kyndryl Holdings, Inc. (“Kyndryl” or the “Company”) (NYSE: KD) securities between August 7, 2024 and February 9, 2026, inclusive (the “Class Period”). IF YOU SUFFERED A LOSS ON YOUR KYNDRYL INVESTMENTS, CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAI ...

Core Viewpoint - Rackspace Technology (RXT) shares experienced a significant surge, more than tripling in value following a strategic partnership announcement with Palantir Technologies (PLTR), although the stock remains over 50% down from its 52-week high [1]. Group 1: Strategic Partnership - The partnership with Palantir positions Rackspace as a key provider of implementation and managed services for enterprises looking to utilize Palantir's Foundry and Artificial Intelligence Platform (AIP) [4]. - This collaboration addresses a market gap where organizations face challenges in extracting value from AI platforms due to a lack of in-house expertise [5]. Group 2: Stock Performance and Technical Indicators - Despite the recent surge, RXT's relative strength index indicates overbought conditions, suggesting a potential short-term correction [1]. - RXT is currently above its key moving averages, indicating sustained upward momentum as bullish sentiment prevails [6]. Group 3: Options and Valuation - Options data suggests potential upside for RXT, with contracts expiring mid-May indicating a target price of $2.27, representing a possible 60% increase [7]. - RXT is valued at just 0.12 times sales, making it an attractive investment opportunity, especially with its focus on enabling high-value AI workloads [7]. Group 4: Market Outlook - Some Wall Street analysts believe that Rackspace Technology has the potential for further gains through the remainder of 2026 [8].

Financial Data and Key Metrics Changes - In Q4, the company generated over $1.4 billion in revenues, a year-over-year increase of 12.8% on a reported basis, exceeding the high end of the Q4 revenue outlook [24] - Organic constant currency revenues grew 5.6% compared to Q4 of 2024 [24] - For the full year 2025, revenues were $5.46 billion, up 15.4% on a reported basis year-over-year, with organic constant currency revenues up 4.9% [32] Business Line Data and Key Metrics Changes - Five out of six industry verticals posted year-over-year growth in Q4, with Financial Services growing 19.8% year-over-year and Software & Hi-Tech growing 18.1% [25] - Emerging Verticals delivered strong year-over-year growth of 19.1%, primarily driven by energy and telecommunications [26] - Life Sciences & Healthcare increased 2% year-over-year, while Business Information & Media delivered flat revenue performance [25][26] Market Data and Key Metrics Changes - The Americas, representing 58% of Q4 revenues, grew 7.6% year-over-year, while EMEA, comprising 40% of revenues, grew 21.8% year-over-year [26] - APAC, making up 2% of revenues, grew 0.6% year-over-year but declined 4.3% in organic constant currency [26] Company Strategy and Development Direction - The company is focusing on AI-native services, expecting to scale these revenues to over $600 million in 2026 [9] - A shift towards building AI-native business offerings and consultancies is underway, with an emphasis on delivering AI strategy and execution to clients [7] - The company aims to enhance its vertical industry expertise and is prioritizing investments in business development and industry capabilities [48] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term strategy and growth trajectory, supported by healthy client sentiment and a solid pipeline [34] - There is an expectation of a mid-single-digit decline in revenues from NEORIS's largest client, impacting overall growth rates [35] - The company anticipates a continued shift in spending towards scaled AI deployment, with larger programs driving a more mature procurement process [15] Other Important Information - The company received several key leadership distinctions in 2025, including recognition as a leader in generative AI consulting and implementation services by Gartner [21][22] - The company ended Q4 with approximately $1.3 billion in cash and cash equivalents, and cash flow from operations for Q4 was $283 million [30] Q&A Session Summary Question: Can you provide insights on the first quarter guidance and visibility on larger deals? - Management noted that NEORIS's largest customer is expected to ramp down business between Q4 and Q1, leading to a mid-single-digit decline [44] Question: Are there investments needed to bolster vertical industry expertise? - Management confirmed that the current guidance reflects planned investments in business development and industry capabilities [48] Question: Can you reconcile the expectation of faster organic growth in 2026 with the current guidance? - Management indicated that the decline from NEORIS's largest client would negatively impact growth by approximately 100 basis points [51] Question: How are elongated sales cycles impacting the full-year guide? - Management clarified that while decision-making is slower, it is expected to lead to larger programs, which may delay project starts but ultimately provide greater value [56][58] Question: What is the impact of pricing on revenue growth? - Management reported a slight improvement in pricing, with low single-digit rate increases from clients in Europe and North America [73]

Financial Data and Key Metrics Changes - In Q4, the company generated over $1.4 billion in revenues, a year-over-year increase of 12.8% on a reported basis, exceeding the high end of the Q4 revenue outlook [24] - Organic constant currency revenues grew 5.6% compared to Q4 of 2024 [24] - For the full year 2025, revenues were $5.46 billion, up 15.4% on a reported basis year-over-year, and up 4.9% on an organic constant currency basis [32] Business Line Data and Key Metrics Changes - In Q4, five out of six industry verticals posted year-over-year growth, with financial services growing 19.8% year-over-year and software and high tech growing 18.1% [25] - Emerging verticals delivered strong year-over-year growth of 19.1%, with organic constant currency growth of 9.7% [26] - Business information and media delivered flat year-over-year revenue performance [26] Market Data and Key Metrics Changes - The Americas, representing 58% of Q4 revenues, grew 7.6% year-over-year, while EMEA, comprising 40% of revenues, grew 21.8% year-over-year [26] - APAC, making up 2% of revenues, grew 0.6% year-over-year but declined 4.3% in organic constant currency [26] Company Strategy and Development Direction - The company is focused on building AI-native services and expects to scale these revenues to exceed $600 million in 2026 [9] - A shift towards AI investments and strategic deployments is anticipated, with a focus on verticalized AI-native business offerings [6][7] - The company aims to enhance its industry capabilities and vertical accelerators while prioritizing investments in business development [48] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term strategy and growth trajectory, supported by healthy client sentiment and a solid pipeline [34] - There is an expectation of a stable client budget environment in 2026, with a continued shift towards scaled AI deployment [14] - The decision-making process is expected to be slower at the start of 2026 due to clients finalizing budgets and establishing priorities [34] Other Important Information - The company received several key leadership distinctions in 2025, including recognition as a leader in generative AI consulting and implementation services by Gartner [21][22] - The company ended Q4 with approximately $1.3 billion in cash and cash equivalents, and cash flow from operations for Q4 was $283 million [30] Q&A Session Summary Question: About the first quarter guidance and visibility on larger deals - Management noted that NEORIS's largest customer is expected to ramp down business between Q4 and Q1, impacting growth [44] - There is a strong pipeline and good traction in European and Middle Eastern markets [46] Question: Investments needed for vertical industry expertise - Current guidance reflects planned investments in business development and industry capabilities [48] Question: Reconciliation of 2026 organic growth expectations - The decline from NEORIS's largest client is expected to negatively impact growth by 100 basis points [51] Question: Impact of elongated sales cycles on guidance - The decision-making process is slower due to larger AI transformation programs, but this is seen as a natural shift [57][59] Question: Pricing environment and revenue growth dynamics - There has been some price improvement, with low single-digit rate increases from clients in Europe and North America [73]

Financial Data and Key Metrics Changes - Revenue totaled GBP 184.1 million, representing a 5.9% decrease year-on-year and a 3.3% increase from Q1 FY2026 [7][21] - Loss before tax for the quarter was GBP 7.2 million, compared to a profit of GBP 2.5 million in the same period last year [21] - Adjusted PBT was GBP 10.7 million, down from GBP 21.8 million year-on-year, with an adjusted PBT margin of 5.8% compared to 11.2% [22] - Adjusted diluted earnings per share were 16 pence, down from 30 pence year-on-year [23] Business Line Data and Key Metrics Changes - Revenue from the 10 largest clients accounted for 35% of total revenue, down from 36% year-on-year, with average spend per client decreasing from GBP 7.1 million to GBP 6.5 million [23] - North America accounted for 40% of revenue, Europe for 23%, the UK for 31%, and the rest of the world for 6% [24] - Revenue from North America decreased by 5.1%, Europe by 8.5%, and the UK by 9.1%, while the rest of the world increased by 21.8% [24][25] Market Data and Key Metrics Changes - The company experienced a 3.3% FX headwind impacting revenue, particularly in North America [33] - The rest of the world showed strong growth, driven mainly by the payments and TNT verticals [25] Company Strategy and Development Direction - The company is heavily investing in AI to establish itself as a leader in the AI space, focusing on recruitment, training, and evolving engagement strategies [5][6] - Strategic partnerships with OpenAI and other hyperscalers are being leveraged to enhance service offerings and drive demand [11][12][14] - The launch of Endava Rise aims to convert startup innovations into enterprise-ready solutions, enhancing the company's capabilities [15] Management's Comments on Operating Environment and Future Outlook - Management noted that the ongoing investment in AI-native delivery models is impacting margins but is essential for long-term growth [22][28] - The company expects revenue guidance for Q3 FY2026 to be in the range of GBP 182 million to GBP 185 million, indicating a constant currency revenue decrease of 4% to 2.5% year-on-year [29] - The outlook for Q4 is more optimistic, with expected sequential growth driven by secured deals and increased working days [34] Other Important Information - The company ended the quarter with 11,385 employees, a 2.4% decrease from the previous year [19] - Cash and cash equivalents totaled GBP 68.5 million, an increase from GBP 59.3 million at the end of June 2025 [25] - Borrowings increased to GBP 202.7 million, supporting the share repurchase program [26] Q&A Session Summary Question: Fiscal year guidance and growth drivers for Q4 - Management indicated that Q4 growth is supported by secured deals and increased working days, with underlying growth expected to be around 6% [34] Question: Details on extensions with largest payment clients - Extensions primarily involve work in switch/gateway areas, focusing on cost rationalization and enhancing customer value propositions [38] Question: Margin impact from increased investments - Investments in partnerships and AI initiatives are heavier than expected, impacting margins, with FX also contributing to margin pressures [41][43] Question: OpenAI adoption trends and displacement concerns - The relationship with OpenAI is strong, with successful enterprise adoption of ChatGPT, and management sees opportunities outweighing displacement fears in the enterprise market [44][46][49] Question: Top client spending and pipeline assumptions - Stability is expected among top clients, with a slight slowdown in healthcare but overall sequential growth anticipated [56]

Financial Data and Key Metrics Changes - Revenue totaled GBP 184.1 million, representing a 5.9% decrease year-on-year and a 3.3% increase from Q1 FY2026 [7][21] - Loss before tax for the quarter was GBP 7.2 million, compared to a profit of GBP 2.5 million in the same period last year [21] - Adjusted PBT was GBP 10.7 million, down from GBP 21.8 million year-on-year, with an adjusted PBT margin of 5.8% compared to 11.2% [22] - Adjusted diluted earnings per share were 16 pence, down from 30 pence year-on-year [23] Business Line Data and Key Metrics Changes - Revenue from the 10 largest clients accounted for 35% of total revenue, down from 36% year-on-year, with average spend per client decreasing from GBP 7.1 million to GBP 6.5 million [23] - North America accounted for 40% of revenue, Europe for 23%, the U.K. for 31%, and the rest of the world for 6% [24] - Revenue from North America decreased by 5.1%, Europe by 8.5%, and the U.K. by 9.1%, while the rest of the world increased by 21.8% [24][25] Market Data and Key Metrics Changes - The company experienced a 3.3% FX headwind impacting revenue growth, particularly from the weakening US dollar [27][43] - The company noted a lack of contribution from a significant media client in North America, affecting revenue [24] Company Strategy and Development Direction - The company is heavily investing in AI to establish itself as a leader in the AI space, focusing on recruitment, training, and evolving engagement strategies [5][6] - The Dava.Flow model is being developed to enhance client engagement and delivery speed, with a focus on outcome-based solutions [10][63] - Strategic partnerships with OpenAI and other hyperscalers are being leveraged to drive growth and innovation in AI solutions [11][12][14] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the ongoing investment in AI-native delivery models and next-gen talent, which is impacting margins [22][28] - The company expects revenue guidance for Q3 FY2026 to be in the range of GBP 182 million to GBP 185 million, with a constant currency revenue decrease of 4% to 2.5% year-on-year [29] - Management expressed confidence in the pipeline and the potential for growth in Q4, driven by secured deals and increased working days [34][56] Other Important Information - The company ended the quarter with 11,385 employees, a 2.4% decrease from the previous year, while continuing to upskill its AI talent base [19] - Capital expenditure for the quarter was 4.4% of revenue, significantly higher than 0.2% in the same period last year, due to investments in the Payments Accelerator [26] Q&A Session Summary Question: Fiscal year guidance and growth drivers for Q4 - Management indicated that Q4 growth is supported by secured deals and an increase in working days compared to Q3 [34] Question: Details on extensions with largest payment clients - Extensions primarily involve work in switch/gateway areas, helping clients rationalize costs and enhance value propositions [38] Question: Margin impact from increased investments - Investments in partnerships and AI initiatives are slightly higher than expected, impacting margins [42] Question: OpenAI adoption trends and displacement concerns - The company is seeing strong adoption of Enterprise ChatGPT and believes that enterprise-level challenges will drive demand for their services [46][49] Question: Top client spending and pipeline assumptions - Stability is expected among top clients, with a slight slowdown in one healthcare client anticipated [56]