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DXC Technology Reports First Quarter Fiscal Year 2026 Results
Prnewswire· 2025-07-31 20:15
Exhibit 99.1 ASHBURN, Va., July 31, 2025 /PRNewswire/ - DXC Technology (NYSE: DXC) today reported results for the first quarter fiscal 2026. "We delivered first quarter results at the high end of our guidance for both organic revenue growth and adjusted EBIT margin, with non-GAAP EPS exceeding expectations. For the third straight quarter, we reported double digit bookings growth, a clear sign we are connecting better with clients," said DXC Technology President and CEO, Raul Fernandez. "We're embedding AI a ...
Insight Enterprises(NSIT) - 2025 Q2 - Earnings Call Transcript
2025-07-31 14:02
Financial Data and Key Metrics Changes - Net revenue for Q2 2025 was $2.1 billion, a decrease of 3% in U.S. dollars and 4% in constant currency [24] - Adjusted diluted earnings per share were $2.45, flat year over year in U.S. dollars and down 1% in constant currency [27] - Gross margin was 21.1%, an increase of 10 basis points from the previous year [27] - Adjusted SG&A expenses declined by 3%, contributing to strong operating expense management [27] Business Line Data and Key Metrics Changes - Hardware revenue grew by 2%, marking the second consecutive quarter of growth, with North America hardware revenue increasing by 4% [8][25] - Insight core services revenue decreased by 2%, primarily due to delays in initiating new service projects with large enterprise clients [9][25] - Cloud gross profit was $123 million, a decrease of 5% due to partner program changes [26] Market Data and Key Metrics Changes - Revenue from commercial clients grew by 8%, representing the fifth consecutive quarter of growth [8] - The underlying SaaS and infrastructure as a service business grew in double digits, offset by partner program changes [8] - The public sector business showed momentum in services and hardware, despite overall revenue being down [82] Company Strategy and Development Direction - The company aims to become the leading AI-first solutions integrator, adapting its services portfolio to support clients in deploying AI solutions [10][19] - The strategy includes focusing on simplifying complex technology for clients and leveraging partnerships with major companies like NVIDIA, Google, and Microsoft [17][20] - The company is actively pursuing M&A opportunities to enhance capabilities in AI, data security, and cloud services [95] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism for the second half of the year, anticipating improved purchasing from corporate and large enterprise clients [20][31] - The company expects hardware demand to continue to build throughout the year, driven by device refresh needs and infrastructure spending [21] - Management acknowledged macroeconomic factors affecting client investment decisions, including tariffs and legislative policies [9] Other Important Information - The company repurchased approximately $76 million of shares in Q2, with $224 million remaining for the share repurchase program [28] - The adjusted return on invested capital for the trailing twelve months was 14.4%, down from 17% a year ago [29] - The company has ample liquidity with access to $1.8 billion under its ABL facility [29] Q&A Session Summary Question: Guidance on gross profit dollars for the second half - Management indicated that gross profit dollars are expected to improve in the second half, driven by hardware growth and cloud performance [50][51] Question: Trends in cost-cutting across the industry - Management noted that productivity improvements through AI are allowing the company to hold headcount flat while increasing service capabilities [62] Question: Drivers behind delays in services projects with large enterprises - Management attributed delays to macroeconomic uncertainty and clients focusing on AI investments, leading to a cautious approach in traditional spending [70][71] Question: Update on cloud growth excluding program changes - Management confirmed that underlying cloud growth remained around 17% year over year, with expectations for similar performance in the second half [74] Question: Labor strategy to meet AI opportunities - Management highlighted a dual approach of acquiring new talent and upskilling existing employees to meet the demands of AI integration [95][96]
Insight Enterprises(NSIT) - 2025 Q2 - Earnings Call Transcript
2025-07-31 14:00
Financial Data and Key Metrics Changes - In Q2 2025, net revenue was $2.1 billion, a decrease of 3% in U.S. dollars and 4% in constant currency [24] - Adjusted diluted earnings per share were $2.45, flat year over year in U.S. dollars and down 1% in constant currency [27] - Gross margin was 21.1%, an increase of 10 basis points [27] - Adjusted SG&A expenses declined by 3%, contributing to strong operating expense management [27] Business Line Data and Key Metrics Changes - Hardware revenue grew by 2%, marking the second consecutive quarter of growth, with North America hardware revenue increasing by 4% [7][24] - Insight core services revenue decreased by 2%, primarily due to delays in initiating new service projects with large enterprise clients [8][25] - Cloud gross profit declined by 5%, attributed to partner program changes [8][26] Market Data and Key Metrics Changes - Revenue from commercial clients grew by 8%, representing the fifth consecutive quarter of growth [7] - The underlying SaaS and infrastructure as a service business grew in double digits, offset by partner program changes [7] - The public sector business showed resilience, with some momentum in hardware despite overall revenue being down [83] Company Strategy and Development Direction - The company aims to become the leading AI-first solutions integrator, adapting its services portfolio to support clients in deploying AI solutions [10][19] - The strategy includes focusing on simplifying complex technology for clients and leveraging partnerships with major companies like NVIDIA, Google, and Microsoft [17][20] - M&A remains a key focus, particularly in the fastest-growing areas of the market such as cloud, data, AI, edge, and security [22] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism for the second half of the year, anticipating improved purchasing from corporate and large enterprise clients [20][31] - The macroeconomic environment continues to impact client investment decisions, but the company is well-positioned to grow as conditions improve [9][20] - Management expects hardware demand to increase steadily throughout the year, driven by device refresh needs and infrastructure spending [21][31] Other Important Information - The company repurchased approximately $76 million of shares in Q2, with $224 million remaining for the share repurchase program [28] - The adjusted return on invested capital for the trailing twelve months was 14.4%, down from 17% a year ago [30] - The company has ample liquidity, with access to $1.8 billion under its ABL facility [29] Q&A Session Summary Question: Guidance on gross profit dollar growth - Management indicated that gross profit dollars are expected to improve in the second half, driven by hardware growth and cloud performance [50][55] Question: Delays in services projects with large enterprises - Management noted that macroeconomic uncertainty and clients' focus on AI investments are causing delays in project initiation [66][70] Question: Cloud growth excluding program changes - Management confirmed that underlying cloud growth was approximately 17% year over year in Q1 and similar in Q2, with expectations for continued growth in the second half [71][73] Question: Impact of partner program changes on future margins - Management stated that while the $70 million headwind from partner program changes affected margins in 2025, they expect this to normalize by 2026 [88][90]
Unisys(UIS) - 2025 Q2 - Earnings Call Transcript
2025-07-31 13:00
Financial Data and Key Metrics Changes - In Q2 2025, total revenue was $483 million, a 1.1% increase year over year and a 12% increase sequentially [26][9] - Non-GAAP operating profit margin increased to 7.6% from 6.1% in the prior period, driven by higher L and S revenue and improved operational efficiency [35] - Adjusted EBITDA was $61 million, with an adjusted EBITDA margin of 12.7%, representing a 50 basis point margin expansion year over year [35] Business Line Data and Key Metrics Changes - Digital Workplace Solutions (DWS) revenue was $138 million, a 4.6% increase year over year, with a 13% sequential growth driven by new business and ramping volumes in high-end storage field services [27][28] - Cloud Applications and Infrastructure (CAI) revenue was $185 million, a 4.9% decline year over year, but grew 2% sequentially [29] - Enterprise Computing Solutions (ECS) revenue was $140 million, an 8.2% increase year over year, with L and S revenue at $88 million, up 7.7% year over year [30] Market Data and Key Metrics Changes - The company reported a slight increase in total contract value (TCV) based on higher renewal levels, with first half new business TCV up 15% compared to 2024 [12] - The backlog at the end of Q2 was $2.9 billion, up 5% year over year, indicating a strong pipeline for future revenue [31] Company Strategy and Development Direction - The company is focused on enhancing long-term shareholder value by removing pension volatility and improving financial flexibility [8] - Continued investment in AI and operationalizing it to scale delivery, shifting from a labor-augmented model to a technology-led model [15][16] - The ClearPath Forward strategy aims to modernize hybrid infrastructure and applications while unlocking valuable data [20][21] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing macroeconomic and geopolitical uncertainties but expressed confidence in achieving full-year objectives [11] - The company expects a strong inflection in revenue growth in Q4, driven by increased L and S revenue and project work [47] - Management noted that while some revenue items may moderate in Q3, the overall contract value remains intact [11] Other Important Information - The company made a $250 million discretionary pension contribution, reducing its U.S. pension deficit dollar for dollar [7] - Cash balances were $301 million as of June 30, reflecting the use of cash for pension contributions [39] - The company received recognition as one of the Global Top 100 Most Loved Workplaces, highlighting its commitment to workforce empowerment [24] Q&A Session Summary Question: Can you break down the components of the change in your new revenue guidance for 2025? - Management indicated that the tempering of guidance was largely due to macroeconomic uncertainties and backlog conversion challenges, but they expect overall contract value to remain stable [51][54] Question: Can you elaborate on the DWS volumes and progress in ramping the high-performance compute business? - Management noted that DWS volumes have stabilized, with increased activity in high-end storage and network services, and they are well-positioned to capitalize on these trends [57][59] Question: What is your ability to add new logos in this environment? - Management expressed confidence in their pipeline for new logos, with a 15% increase in new business TCV in the first half of the year, indicating strong market resonance for their offerings [71][72]
Insight Enterprises(NSIT) - 2025 Q2 - Earnings Call Presentation
2025-07-31 13:00
Financial Performance - Q2 2025 - Net sales decreased by 3% year-over-year to $2.1 billion[36] - Gross profit decreased by 2% year-over-year to $442 million[36] - Cloud gross profit decreased by 5% year-over-year to $123 million[36] - Insight Core Services gross profit decreased by 3% year-over-year to $78 million[36] - Earnings from operations decreased by 34% year-over-year to $87 million[36] - Adjusted earnings from operations decreased by 2% year-over-year to $129 million[36] - Net earnings decreased by 46% year-over-year to $47 million[36] - Adjusted EBITDA decreased by 2% year-over-year to $138 million[36] Financial Position - Total debt balance at June 30, 2025, was $1.3 billion[40] - Year-over-year increase in total debt was $330 million[39, 40] - Total share repurchases and warrant settlement payments amounted to $463 million[39, 40] Full Year 2025 Outlook - Gross profit growth is expected to be approximately flat[41] - Gross margin is expected to be approximately 20%[41] - Adjusted diluted EPS is projected to be in the range of $9.70 - $10.10[41]
Unisys(UIS) - 2025 Q2 - Earnings Call Presentation
2025-07-31 12:00
Financial Performance - Second quarter revenue reached $483 million, exceeding expectations, with constant currency revenue growth of 1.0% year-over-year[7] - Sequential constant currency revenue growth was 8.5% for the total company and 6.5% in Ex-L&S revenue[7] - Gross margin was 26.9%, a decrease of 30 basis points year-over-year, while Ex-L&S gross margin was 17.6%, down 110 basis points year-over-year due to higher cost reduction charges[7] - The company is increasing non-GAAP operating margin guidance to 8.0% to 9.0% from a previous 6.5% to 8.5%[8] Sales Metrics - Total contract value (TCV) was $437 million, down 5% year-over-year, but up 5% year-to-date[8] - New business TCV was $122 million, down 43% year-over-year, but up 15% year-to-date[8] - Backlog increased to $2.9 billion, up 5% year-over-year[8] Capital Structure and Pension - The company issued $700 million in Senior Secured Notes[29] - A $250 million contribution was made to U.S Qualified Defined Benefit (QDB) Pension Plans[29] - Planning for $600 million of annuity purchases by year-end 2026[31]
小黄鸭德盈(02250) - 自愿性公告 - 签订服务协议
2025-07-31 11:15
香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負 責,對其準確性或完整性亦不發表任何聲明,幷明確表示概不就因本公告全部或 任何部分內容而産生或因倚賴該等內容而引致之任何損失承擔任何責任。 B.Duck Semk Holdings International Limited 小黃鴨德盈控股國際有限公司 (於開曼群島註冊成立的有限公司) (股份代號︰2250) 自願性公告 ─ 簽訂服務協議 本公告乃小黃鴨德盈控股國際有限公司(「本公司」,連同其附屬公司,「本集 團」)自願作出,以使其股東及潛在投資者了解本集團的最新業務發展。 本公司董事(「董事」)會(「董事會」)欣然宣布,於 2025 年 7 月 29 日(「簽 署日期」),本公司間接全資附屬公司森科產品有限公司(「森科產品」)與科 案有限公司(「科案」,連同森科產品,統稱「訂約方」,各自稱「訂約方」) 簽訂了一份服務協議(「服務協議」)。根據服務協議,訂約方已同意就共同投 資、開發及商業化一項具備基於網頁界面的人工智能(「AI」)驅動營銷情報與 內容自動化系統(「該項目」)展開合作。 服務協議 服務協議的主要條款如下: (ii) 科案 - ...
Mastech Digital, Inc. to Discuss Second Quarter Financial Results on August 13, 2025
Prnewswire· 2025-07-31 11:00
Company Overview - Mastech Digital, Inc. is a leading provider of Digital Transformation IT Services, offering Data Management and Analytics Solutions, Digital Learning, and IT Staffing Services with a digital-first approach [4]. Upcoming Conference Call - Mastech Digital has scheduled a conference call to discuss the results for the second quarter ended June 30, 2025, on August 13th at 9:00 a.m. Eastern Time, hosted by CEO Mr. Nirav Patel and CFO Mr. Kannan Sugantharaman [1]. Accessing the Conference Call - The conference call can be accessed via a listen-only dial-in number (877-269-7756) or through a live webcast available on Mastech Digital's website [2]. - Investors are advised to log on 10 minutes prior to the start of the program [2]. Replay Information - A replay of the call will be available for 7 days following its conclusion, accessible by dialing 877-660-6853 or 201-612-7415 with access ID 13753809 [3]. - The webcast will also be available for 7 days on Mastech Digital's corporate website [3].
Cognizant (CTSH) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2025-07-30 22:31
Core Insights - Cognizant reported revenue of $5.25 billion for the quarter ended June 2025, reflecting an 8.1% increase year-over-year and surpassing the Zacks Consensus Estimate of $5.19 billion by 1.01% [1] - Earnings per share (EPS) for the quarter was $1.31, up from $1.17 in the same quarter last year, exceeding the consensus EPS estimate of $1.26 by 3.97% [1] Revenue Performance by Segment - Health Sciences revenue was $1.55 billion, slightly below the average estimate of $1.61 billion, representing a year-over-year increase of 6.2% [4] - Communications, Media and Technology revenue reached $841 million, exceeding the average estimate of $826.36 million, with a year-over-year growth of 3.1% [4] - Products and Resources generated $1.31 billion, surpassing the estimated $1.25 billion, marking a significant year-over-year increase of 16% [4] - Financial Services revenue was $1.55 billion, slightly above the average estimate of $1.52 billion, reflecting a year-over-year growth of 6.9% [4] Stock Performance - Cognizant's shares have declined by 6.9% over the past month, contrasting with the Zacks S&P 500 composite's increase of 3.4% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]
Cognizant(CTSH) - 2025 Q2 - Earnings Call Transcript
2025-07-30 22:02
Financial Data and Key Metrics Changes - Second quarter revenue grew 7.2% year over year in constant currency to $5.2 billion, marking the fourth consecutive quarter of year-over-year organic growth [6][26] - Adjusted operating margin improved by 40 basis points year over year to 15.6%, on track to achieve a margin expansion goal of 20 to 40 basis points for 2025 [8][34] - Bookings grew 18% year over year, with trailing twelve months growth of 6%, and the total contract value (TCV) of large deals more than doubled year over year [7][34] Business Line Data and Key Metrics Changes - Financial Services grew 6% year over year, driven by digital engineering and legacy modernization initiatives [27] - Health Sciences grew 5% year over year, supported by organic growth across payers, providers, and life sciences customers [28] - Communication, Media, and Technology returned to organic growth, led by the technology sector, with robust demand for cost reduction and capital reallocation [31] Market Data and Key Metrics Changes - North America led revenue growth with 8%, driven by financial services and health sciences [32] - Europe grew 4%, supported by life sciences and financial services clients [33] - The Rest of the World increased by about 6%, with growth driven by financial services and health sciences [33] Company Strategy and Development Direction - The company is focusing on AI-led opportunities and disciplined execution to build a resilient and durable business [4][20] - The three-vector AI strategy includes productivity, industrializing AI, and agentifying the enterprise, with a strong emphasis on innovation-led projects [5][11] - The company is expanding its talent investments in emerging technology hubs and enhancing its AI capabilities through strategic partnerships [12][18] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the demand environment, noting strong large deal momentum and a growing number of new spend cycles [24][40] - The company expects revenue growth of 4% to 6% in constant currency for 2025, reflecting improved confidence in the second half of the year [38] - Management highlighted the importance of AI in driving productivity and innovation, positioning the company for future growth [20][21] Other Important Information - The company plans to return $2 billion to shareholders in 2025, with $1.4 billion allocated for share repurchases [42] - A one-time non-cash tax expense of approximately $400 million is expected in Q3 due to changes in US tax laws [36] Q&A Session Summary Question: Clarification on bookings and pipeline outlook - Management confirmed a balanced mix of renewals and new business, with a healthy outlook for bookings in the second half of the year [46][50] Question: Gross margin outlook - Management indicated that gross margin will be shaped by resource utilization and investments in large deals, with stable margins expected [51][53] Question: Pricing and incorporation of AI agents into deals - Management discussed the potential for outcome-based pricing and the differentiation created by their AI capabilities [58][60] Question: Healthcare segment headwinds and offsets - Management noted that while there are headwinds in healthcare, there are also opportunities for productivity-led growth [90][91] Question: Convergence of IT services and BPM - Management highlighted the unique opportunity presented by the convergence of operations and technology, emphasizing the role of AI in transforming client operations [92][93]