Financial Data and Key Metrics Changes - Gross revenue for the first quarter decreased by approximately 1% year over year to $2.9 billion, while revenue excluding billable expenses grew by 2% year over year [26] - Adjusted EBITDA for the first quarter was $311 million, up 3% from the prior year, resulting in an adjusted EBITDA margin of 10.6%, an increase of 30 basis points year over year [30] - Net income for the first quarter was $271 million, a year-over-year increase of 64%, primarily due to a favorable agreement with the IRS [31] - Diluted earnings per share grew 70% year over year to $2.16, while adjusted diluted earnings per share increased 7% year over year to $1.48 [32] Business Line Data and Key Metrics Changes - Revenue in the Defense sector increased by 7% year over year, while revenue in the Intelligence sector rose by 6% compared to the prior year [26] - Civil business revenue decreased by 13% year over year, reflecting the challenges faced in that segment [26] Market Data and Key Metrics Changes - The total backlog reached an all-time Q1 record of $38 billion, up 11% year over year, with a book-to-bill ratio of 1.42 times for the quarter [28] - The proposal pipeline at the end of the first quarter was nearly $43 billion, which is 3% higher than the same point in fiscal year 2024 [28] Company Strategy and Development Direction - The company is focusing on a strategy termed "Vault," which emphasizes velocity, leadership, and technology, aiming to leverage technology investments to drive mission effectiveness [9] - The company is restructuring its civil business to align with current demand and is focusing on modernization opportunities, such as a $51 million task order with Customs and Border Protection [12] - The company is also advancing partnerships across the technology ecosystem to maintain global technological supremacy [18] Management's Comments on Operating Environment and Future Outlook - Management noted that while the procurement environment is improving, it is still operating below historical speeds, and they expect to see a return to growth in the second half of the fiscal year [8][21] - The management expressed optimism about the medium to long-term outlook, particularly in technology investments related to AI, cyber, and quantum [9][21] Other Important Information - The company repurchased just over 1% of its outstanding shares during the quarter and increased its commitment to Booz Allen Ventures by $200 million [24][34] - The company expects free cash flow for the fiscal year to be between $900 million and $1 billion, reflecting anticipated federal tax impacts [35] Q&A Session Summary Question: Is there a greater appreciation for Booz Allen's technology in the current procurement environment? - Management acknowledged that the business has stabilized and that their technology is recognized for its effectiveness in mission-critical conditions, leading to optimism about future opportunities [44][45] Question: What is the interest from Silicon Valley tech providers to partner with Booz Allen? - Management confirmed that partnerships with commercial tech companies are a significant part of their strategy, and they are seen as a valuable partner by these companies [48] Question: Can you comment on funded backlog trends? - Management indicated that while they are winning work, the funding environment is slow, leading to a relative decline in funded backlog [56] Question: What are the challenges in hiring talent? - Management stated that they are comfortable with their hiring pace and are effectively matching supply and demand, with no significant challenges in attracting talent [63][64] Question: How does the current administration's focus on transformational contracts affect Booz Allen? - Management believes that the current administration's focus on new priorities presents both challenges and opportunities, and they are well-positioned to adapt [101][102]

Financial Data and Key Metrics Changes - Gross revenue decreased by approximately 1% year over year to $2.9 billion, while revenue excluding billable expenses grew by 2% year over year [27] - Adjusted EBITDA for the first quarter was $311 million, up 3% from the prior year, resulting in an adjusted EBITDA margin of 10.6%, an increase of 30 basis points year over year [31] - Net income for the first quarter was $271 million, a year-over-year increase of 64%, primarily due to a favorable IRS agreement [31] - Diluted earnings per share increased by 70% year over year to $2.16, while adjusted diluted earnings per share rose by 7% year over year to $1.48 [32] Business Line Data and Key Metrics Changes - Revenue in the Defense sector increased by 7% year over year, while Intel revenue rose by 6% compared to the prior year [27] - Civil business revenue decreased by 13% year over year, reflecting ongoing challenges in that segment [27] - The company achieved a book-to-bill ratio of 1.42 times for the quarter, with total backlog reaching an all-time Q1 record of $38 billion, an 11% increase year over year [28] Market Data and Key Metrics Changes - The proposal pipeline at the end of the first quarter was nearly $43 billion, which is 3% higher than the same point in fiscal year 2024 [28] - The company noted variability in converting bookings to revenue compared to previous years, indicating a dynamic procurement environment [29] Company Strategy and Development Direction - The company is focusing on five strategic priorities to drive transformation, including restructuring the civil business, reimagining service delivery, directing resources to growth areas, advancing partnerships in the tech ecosystem, and creating efficiencies within the business [10][18] - The company is leveraging its technology-based approach to align with government priorities, particularly in areas like AI, cyber, and quantum technology [9] - Booz Allen Ventures received an additional $200 million commitment to invest in startups, emphasizing the company's focus on maintaining technological superiority [35] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about medium to long-term opportunities despite short-term disruptions and slow funding in the procurement environment [22][26] - The company anticipates a return to growth in the civil sector in the latter half of the fiscal year as funding solidifies [7][26] - Management highlighted the importance of adapting to the changing landscape and the potential for increased funding from the "One Big Beautiful Bill" [59] Other Important Information - The company repurchased just over 1% of its outstanding shares during the quarter [24] - Free cash flow for the quarter was $96 million, resulting from $119 million in cash from operations [34] - The company plans to pay a quarterly dividend of $0.55 per share on August 29 [34] Q&A Session Summary Question: Is there a greater appreciation for Booz Allen's technology in the current procurement environment? - Management confirmed that the business has stabilized and that the technology is performing well, with strong mission impact recognized by customers [42][44] Question: What is the interest from Silicon Valley tech providers to partner with Booz Allen? - Management stated that partnerships with commercial tech companies are a key strategy, and Booz Allen is seen as a valuable partner in making technology work in mission-critical environments [46][47] Question: How does the funded backlog trend relate to the overall book-to-bill ratio? - Management explained that while they are winning work, the slow funding environment has led to a relative decline in funded backlog [55] Question: What are the challenges in hiring and matching talent to demand? - Management indicated that they are comfortable with hiring and are focused on matching talent to demand, particularly in technical roles requiring security clearances [62][80] Question: How disruptive are the changes in software acquisition and contracting? - Management expressed that changes in the FAR and a shift towards outcome-based contracting are positive for the company and the government, allowing for more efficient operations [115][118]

Financial Data and Key Metrics Changes - Revenue for Q4 2025 was $139.3 million, with a gross margin of 40.2%, both exceeding the high end of the outlook range [29][36] - Adjusted EBITDA was $9.8 million, representing a 7.1% adjusted EBITDA margin, marking the strongest quarterly performance in fiscal 2025 [29] - Average bill rate increased by 4% year over year, with the enterprise-wide average bill rate reaching $125, reflecting a disciplined value-based pricing strategy [11][32] Business Line Data and Key Metrics Changes - Consulting segment revenue was $51 million, a decline of 14% year over year, with adjusted EBITDA of $8.3 million, a margin of 16% [34] - On-demand segment revenue was $53 million, down 16% compared to the prior year, with adjusted EBITDA of $6.4 million, maintaining a 12% margin [35] - Outsourced services segment revenue grew by 4% year over year to $11.3 million, with adjusted EBITDA of $3.1 million, a margin of 28% [35] Market Data and Key Metrics Changes - Europe and Asia Pacific segment revenue was $21.3 million, flat compared to the prior year, with adjusted EBITDA of $1.9 million, a margin of 9% [35] - The UK was highlighted as a strong market within Europe, contributing to revenue stability and high client retention at 90% year over year [13] - Asia Pacific revenue growth was 3% sequentially, primarily driven by Japan, despite challenges in China [13] Company Strategy and Development Direction - The company is focused on evolving from a staffing-centric model to a value-added consulting and digital solutions firm, enhancing shareholder value through disciplined operations and capital allocation strategies [17] - There is a strong emphasis on integrating AI technologies to improve operational efficiency and client engagement [10] - The strategy includes deepening client relationships and expanding cross-selling opportunities, particularly in consulting and outsourced services [22][26] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding the professional services marketplace in North America, anticipating growth driven by digital transformation initiatives [9] - The company is focused on pipeline generation and conversion, with expectations for revenue in Q1 2026 to be between $115 million and $120 million [38] - Management acknowledged macroeconomic uncertainties but remains committed to executing their strategy to deliver value to clients [28] Other Important Information - The company appointed two new board members to strengthen alignment with long-term investors and support its strategic evolution [16] - A non-cash goodwill impairment charge of $69 million was recorded in the consulting segment due to business performance and market capitalization reduction [36] Q&A Session Summary Question: Can you provide more color on the gross margin beat? - Management attributed the gross margin improvement to higher average bill rates and favorable medical claims [44][47] Question: How is cross-selling progressing? - Management noted an uplift in existing clients where on-demand talent has transitioned to deeper consulting capabilities, indicating potential for future growth [49][50] Question: What are the expected trends for consulting and on-demand talent? - Management expects stability in the on-demand segment but acknowledges that consulting is impacted by project delays [60][62] Question: Can you clarify the pipeline shrinkage? - Management explained that the pipeline contracted due to a focus on funnel discipline and the abandonment of deals as clients reassess their needs [66]

FTI Consulting, Inc. Second Quarter 2025 Earnings Conference Call July 24, 2025 Cautionary Note About Forward-Looking Statements This presentation includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that involve uncertainties and risks. Forward-looking statements include statements concerning our plans, initiatives, projections, prospects, policies, processes and practices, obje ...

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]

Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe. While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights. In light of this perspective, let's dive into the average e ...

MONTREAL, July 23, 2025 /PRNewswire/ - Alithya Group inc. (TSX: ALYA) ("Alithya") will report on August 13, 2025, its financial results for the first quarter of fiscal 2026 ended June 30, 2025. Alithya will host a conference call, followed by a question-and-answer period for the financial community at 9:00 a.m. (Eastern time). Financial statements, MD&A, press release, and presentation will be posted on the Investors page of Alithya's website. Conference call Date: Wednesday, August 13, 2025 Time: 9:00 a.m. ...

Core Insights - IBM is expected to report higher revenues in the Consulting segment due to increased demand for technology consulting and business transformation services in Q2 2025 [1] Group 1: Consulting Segment Performance - The Consulting segment includes Business Transformation, Technology Consulting, and Application Operations, providing value and innovation through industry and technology expertise [2] - Consulting revenues are projected to reach $5.21 billion, a slight increase from $5.18 billion in the same quarter last year [6][9] - Incremental revenues are anticipated from new AI features launched during the Masters tournament, which provided predictive analytics and data-backed recaps for golf fans [3][9] Group 2: Strategic Partnerships - IBM extended its partnership with Deutsche Bank, enhancing access to its software solutions, which will aid in the bank's digital transformation and process optimization [4] - A new contract with Finanz Informatik aims to modernize its infrastructure, improving cyber resilience and operational efficiency, likely contributing to Consulting segment revenues [5] Group 3: Overall Financial Expectations - The total revenue estimate for IBM stands at $16.58 billion, up from $15.77 billion in the prior-year quarter, with earnings expected to grow from $2.43 to $2.64 per share [7] - The model does not predict an earnings beat for IBM in Q2, with an Earnings ESP of +1.35% and a Zacks Rank of 4 (Sell) [8]

Accenture (NYSE: ACN ) is a technology company specializing in consulting and managed services. These two types of work encompass the provision of a multitude of digital services worldwide. It has offices and operations in 52 countries and a workforce ofI'm a personal investor. I am a financial journalist with special knowledge of the real estate market. I would like to mention that I'm a friend of Ignacio Zorzoli, an article writer for Seeking Alpha, but we don't have any business or economic associations. ...

Communications and consulting firm Teneo has agreed to buy PricewaterhouseCoopers’ business restructuring services unit in Australia. https://t.co/JekeZozMzQ ...