Financial Data and Key Metrics Changes - Corporate revenue for Q1 2025 reached $54.3 million, representing a 5.6% increase compared to $51.4 million in Q1 2024, marking the best growth in eight quarters on a normalized basis [6][24] - Adjusted EBITDA for Q1 2025 was $47.3 million, a decrease of 1.7% year over year, with a margin of 54.2%, exceeding expectations by 100 basis points [27][29] - Free cash flow for the quarter was $33.7 million, slightly down from $35.8 million in Q1 2024 due to increased receivables [9][30] Business Line Data and Key Metrics Changes - The SOHO channel revenue was $32.8 million, down 10.6% from $36.8 million in Q1 2024, reflecting a strategic focus on profitability [20][25] - Corporate customer base grew to approximately 60,000, a 9% increase year over year, with a revenue retention rate of 101% [15][24] - ARPA for corporate customers was $307, down $10 year over year, while SOHO ARPA was $14.83, showing a minor decrease [17][26] Market Data and Key Metrics Changes - The company noted a positive trend in corporate ARPA, increasing by almost $3 sequentially, while SOHO customer count decreased from 747,000 to 730,000 [21][29] - The VA deployment continues to gain momentum, with significant usage increases and new deployments proceeding as planned [18] Company Strategy and Development Direction - The company aims to acquire customers primarily in the healthcare space and drive revenue growth to 6.25% for the year [7] - Focus on managing cost structures while making modest investments in go-to-market operations for future benefits [7] - Continued emphasis on the core fax business, which contributes over 90% to corporate revenue, while also enhancing advanced solutions like Unite and Clarity [19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving double-digit growth for the corporate channel, despite potential economic slowdowns [14][11] - The company is not currently seeing impacts from tariffs and is closely monitoring the economic environment [10][11] - Guidance for full-year revenue is set between $343 million and $357 million, with adjusted EBITDA between $179 million and $190 million [31] Other Important Information - The company repurchased approximately $10 million of debt in Q1 2025, with a total of $223 million repurchased since the program's launch [9][28] - Cash at the end of Q1 2025 was approximately $53 million, sufficient to fund operations and debt repurchases [29] Q&A Session Summary Question: Can you talk about growth in corporate revenue and VA deployment? - Corporate growth was supported by strong usage across fax brands and good adoption of advanced solutions, with the VA's FedRAMP high certification unlocking new opportunities [36][39] Question: When would you expect the decline in SOHO revenue to moderate? - The decline is influenced by advertising spend and profitability; the company is monitoring these closely to determine future actions [42][45] Question: Are there notable ads for larger enterprise accounts? - The company is adding customers across the board, including large enterprises, and has a robust pipeline for new customers [78][81]

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][21] - 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, supported by a strong pipeline [6][29] Business Line Data and Key Metrics Changes - Revenue from managed services reached a record $747,000,000, up 3.7% from a year ago, accounting for 66% of total revenue [24] - The company reported a non-GAAP operating margin of 21.3%, improving by 10 basis points sequentially and by 290 basis points year-over-year [23] Market Data and Key Metrics Changes - North America saw a slight sequential increase and a 1.4% year-over-year increase in pro forma constant currency [22] - Europe rebounded from previous weaknesses, benefiting from new deal activities and contributions from acquisitions [22] Company Strategy and Development Direction - The company is focused on accelerating the telco industry's adoption of GenAI and enhancing cloud services, with expectations of double-digit growth in cloud-related revenue for fiscal 2025 [16][30] - Amdocs is collaborating with Microsoft for cloud migrations and has secured significant projects in various regions, including the Philippines and Japan [7][10] Management's Comments on Operating Environment and Future Outlook - Management noted rising global macroeconomic uncertainty but believes the company is well-positioned due to its unique business model [18] - 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] 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 before restructuring payments 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 and collaboration with NVIDIA - Management indicated that GenAI activities are closely linked to data, with ongoing progress in AI-related projects contributing to revenue growth [34][35] Question: Customer spending behavior changes - Management reported no significant changes in customer spending behavior despite rising macroeconomic concerns [45][46] Question: Fluctuations in accounts receivable and unbilled balances - Management explained that fluctuations are normal due to the nature of various projects and milestones, and they do not guide for these balances due to their unpredictability [47][49] Question: Progress on AI offerings and contracting - Management noted good progress in data-related activities supporting GenAI, with several customers making significant strides, although specific names could not be disclosed [52][54]

CSG Q1 2025 Earnings Presentation Brian Shepherd CEO & President Hai Tran CFO Safe Harbor Forward-Looking Statements + Disclaimers This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements often address expected future business and financial performance and financial condition, and often contain words such as "expect," "anticipate," "intend," "plan," "believe," "seek," "see," "will," "would," ...

Group 1 - The core takeaway from IBM's Think 2025 event is the significance of its software products and services for large enterprise customers leveraging AI [1] - Analyst James Schneider maintained a Buy rating for IBM with a price target of $270 [1] - IBM launched LinuxONE 5, capable of 450 billion secure AI inference operations per day [1][2] Group 2 - An upgraded version of watsonx.data was introduced, which enhances the accuracy of AI agents by utilizing unstructured data [2] - CEO Arvind Krishna emphasized that AI is transitioning from experimentation to delivering measurable business value, focusing on productivity and cost efficiency [2] - IBM anticipates that AI agents could drive 30% of the one billion new applications by 2028 [2] Group 3 - By implementing its AI solutions internally, IBM aims to support ongoing margin expansion and free cash flow growth while executing mergers and acquisitions [3] - At the time of publication, IBM shares increased by 1.1% to $252.02 [3]

Sabre (SABR) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of $0.01. This compares to loss of $0.02 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -100%. A quarter ago, it was expected that this provider of technology services to the travel industry would post a loss of $0.07 per share when it actually produced a loss of $0.08, delivering a surprise of -14.29%.Over the last four quarters ...

| 603296 | 华勤技术 | -1.29 | 2.79 | -5995.84 | | --- | --- | --- | --- | --- | | 002230 | 科大讯飞 | -0.17 | 1.31 | -5967.15 | | 300496 | 中科创达 | 0.49 | 3.69 | -5606.19 | | 001339 | 智微智能 | -0.67 | 18.35 | -5504.24 | | 300454 | 深信服 | -3.08 | 2.89 | -4942.56 | | 688158 | 优刻得 | -1.97 | 8.17 | -4661.21 | | 301165 | 锐捷网络 | -2.85 | 12.90 | -4250.19 | | 002851 | 麦格米特 | 0.37 | 6.27 | -3837.18 | | 600588 | 用友网络 | -1.69 | 1.51 | -3748.75 | | 688111 | 金山办公 | -0.47 | 0.87 | -3727.57 | | 002364 | 中恒电气 | 1.69 | 10.16 | -2826.49 ...

证券研究报告：计算机|点评报告 行业投资评级 强于大市 |维持 行业基本情况 | 收盘点位 | | 4675.66 | | --- | --- | --- | | 52 | 周最高 | 5440.49 | | 52 | 周最低 | 2805.53 | 行业相对指数表现（相对值） 2024-05 2024-07 2024-09 2024-12 2025-02 2025-05 -24% -17% -10% -3% 4% 11% 18% 25% 32% 39% 46% 计算机 沪深300 资料来源：聚源，中邮证券研究所 研究所 分析师:孙业亮 SAC 登记编号:S1340522110002 Email:sunyeliang@cnpsec.com 分析师:常雨婷 SAC 登记编号:S1340523080001 Email:changyuting@cnpsec.com 近期研究报告 《MCP 开启智能体新时代》 - 2025.04.27 数据价值转化加速，高质量数据集赋能 AI 多地市提出建设高质量数据集。4 月 17 日，广州城市可信数据 空间平台正式上线，首批 48 个高质量数据集发布。厦门、武汉等地 提出针对企业 ...

Core Insights - Crexendo (CXDO) reported revenue of $16.06 million for the quarter ended March 2025, reflecting a year-over-year increase of 12.4% and surpassing the Zacks Consensus Estimate by 1.66% [1] - The company's EPS for the quarter was $0.08, which is an increase from $0.06 in the same quarter last year, resulting in an EPS surprise of 33.33% compared to the consensus estimate [1] Revenue Breakdown - Service revenue reached $8.18 million, exceeding the estimated $7.91 million, marking a 4.3% increase year-over-year [4] - Product revenue was reported at $1.01 million, falling short of the estimated $1.32 million, representing a decline of 22.2% compared to the previous year [4] - Software solutions revenue amounted to $6.87 million, surpassing the estimated $6.57 million, and showing a significant increase of 33.5% year-over-year [4] Stock Performance - Over the past month, Crexendo's shares have returned 19.5%, outperforming the Zacks S&P 500 composite's return of 11.5% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

Financial Performance - The company reported total revenue of $42.2 million for the first quarter of 2025, a decrease from $43.0 million in the prior year period, primarily due to the expiration of a customer contract in December 2024, despite a 3.3% growth in cloud subscribers year-over-year [5][6]. - Quarterly recurring revenue constituted 93.1% of total revenue, an increase from 91.1% in the prior year period [6]. - Gross profit increased by 3.4% to $29.7 million, resulting in a gross margin of 70.4%, compared to 66.9% in the prior year [6]. - Adjusted gross profit rose by 1.7% to $33.4 million, with an adjusted gross margin of 79.0%, up from 76.3% in the prior year [6]. - The company reported a net loss of $3.8 million, or $(0.37) per diluted share, compared to a net income of $4.5 million, or $0.23 per diluted share, in the prior year period [6][23]. - Adjusted EBITDA increased by 17.0% to $12.7 million, with an adjusted EBITDA margin of 30.2%, compared to 25.4% in the prior year [6][23]. Operational Highlights - The company successfully executed a $200 million term loan refinancing, extending debt maturity until 2029, which strengthens its capital structure and provides anticipated financial stability [3][5]. - The company reaffirmed its full-year guidance metrics, indicating confidence in achieving its financial targets despite a volatile global economy [3][7]. Cash Flow and Liquidity - Cash and cash equivalents were reported at $29.1 million as of March 31, 2025, down from $33.4 million as of December 31, 2024 [6][21]. - Free cash flow for the first quarter was $(3.0) million, compared to $(3.3) million in the prior year period, indicating a consistent cash spend during this historically heavy cash outflow period [6][26]. 2025 Financial Outlook - The company reiterated its full-year revenue guidance range of between $170 million and $180 million, with recurring revenue expected to be at least 90% of total revenue [11]. - Adjusted gross margin is projected to be between 78% and 80%, and adjusted EBITDA is expected to be between $52 million and $56 million, equating to at least a 30% adjusted EBITDA margin [11]. - Free cash flow is anticipated to be between $11 million and $16 million, excluding the expected federal tax refund of approximately $28 million plus applicable interest [11].

CCC Intelligent Solutions Holdings (CCCS) Q1 2025 Earnings Call May 06, 2025 08:00 AM ET Company Participants Bill Warmington - Vice President of Investor RelationsGithesh Ramamurthy - Chairman & CEOBrian Herb - Executive VP, CFO & Chief Administrative OfficerCarolyn Valenti - Equity Research AssociateAlexei Gogolev - Executive DirectorSaket Kalia - Managing DirectorMatt Bullock - Equity Research AssociateWill Gildea - Equity Research Associate Conference Call Participants Dylan Becker - Research AnalystNon ...