Core Viewpoint - Kyndryl Holdings, Inc. is facing securities class action lawsuits due to alleged failures in disclosing material information during the class period from August 1, 2024, to February 9, 2026, which has led to significant financial repercussions for investors [1][3]. Group 1: Lawsuit Details - Investors have until April 13, 2026, to file lead plaintiff applications in the ongoing securities class action lawsuits against Kyndryl [1]. - The lawsuits are pending in the United States District Court for the Eastern and Southern Districts of New York [1]. - The first-filed case is Brander v. Kyndryl Holdings, Inc., and a subsequent case has expanded the class period [5]. Group 2: Company Disclosures - On February 9, 2026, Kyndryl disclosed its inability to timely file its Form 10-Q Report for the quarter ended December 31, 2025, citing anticipated material weaknesses in internal controls over financial reporting [4]. - The company also reported the departure of its Chief Financial Officer and General Counsel, which contributed to a significant drop in share price [4]. - Following this disclosure, Kyndryl's share price fell by $12.90, or 55%, closing at $10.59 on February 9, 2026 [4]. Group 3: Investor Support - ClaimsFiler provides a free service for investors to access information regarding securities class action settlements and to assist in filing claims [6]. - Investors can register for free on ClaimsFiler.com to receive notifications about relevant securities cases [6].

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Gartner, Inc. ("Gartner†or the "Company†) (NYSE: IT) investors concerning the Company's possible violations of federal securities laws. IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN GARTNER, INC. (IT), CONTACT THE LAW OFFICES OF HOWARD G. SMITH ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS. Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at howardsmit. ...

Core Insights - Accenture and Databricks have strengthened their partnership to enhance enterprise data utilization and accelerate AI application deployment, establishing the Accenture Databricks Business Group with over 25,000 trained professionals [1][2] Group 1: Partnership Objectives - The new initiative aims to position Databricks as the central platform for data and AI, addressing challenges like scattered data sources and outdated systems by creating a unified, secure foundation for data management [2] - The collaboration focuses on enabling organizations to build agent-compatible databases and innovative applications using their own data assets [2] Group 2: Key Offerings - Accenture, recognized as Databricks' Global Systems Integrator Partner of the Year for seven consecutive years, combines its business transformation expertise with Databricks' advanced tools, including Lakebase, Genie, and Agent Bricks [3] - Lakebase is a serverless database optimized for AI workloads, while Genie provides an intuitive conversational interface for data queries, and Agent Bricks supports the development of enterprise-grade AI agents [3] Group 3: Adoption and Impact - The adoption of multi-agent systems has surged by 327% in four months, indicating a strong demand for production-ready AI solutions that deliver measurable value [4] - Enterprises are experiencing faster decision-making, improved productivity, and enhanced compliance, while optimizing costs through multi-cloud options [5] Group 4: Industry Applications - Retailers like Albertsons Companies are utilizing these solutions to enhance customer service and operational efficiency [5] - In the chemicals sector, BASF's digital assistant FOX is evolving to provide proactive trend identification and recommendations, while Kyowa Kirin International is transforming into a data-driven organization to improve patient outcomes [6] Group 5: Strategic Initiatives - Accenture's leadership emphasizes the importance of this alliance in enabling clients to modernize their data infrastructure and scale AI agents effectively [7] - Databricks is focusing on delivering real-world results with tools that empower employees while ensuring secure implementation [7] - The partners have launched a specialized training program in India to prepare engineers for immediate contributions, with Databricks committing over $250 million in investments in the country over the next three years [8] Group 6: Overall Positioning - The expanded alliance is set to modernize legacy systems, foster innovation, and unlock efficiency through ethical AI, marking a significant advancement towards enterprise intelligence [9][10]

Core Insights - EPAM Systems, Inc. has been recognized as a 2026 Top IT Sourcing Vendor in Belgium and Luxembourg by Whitelane Research, highlighting its strong engineering expertise and integrated technical capabilities in digital and AI transformation [1][3][10] Client Ratings and Performance - EPAM received high satisfaction ratings in key categories: - Application Services: Ranked 1 with a rating of 83% - General Satisfaction: Rated 83% - Service Delivery Quality: Rated 85% [6][10] - The recognition is based on evaluations from over 340 participants from top IT spending organizations in the region, assessing more than 850 unique IT sourcing relationships [4][10] Industry Leadership - This recognition marks EPAM's third consecutive year as a leading IT provider in Europe, reinforcing its position as a trusted partner for IT services and business transformation [3][5][10] - EPAM's commitment to helping clients become AI-Native enterprises is underscored by its top-quartile standing in AI recognition [4][10] Research Insights - The 2026 BeLux IT Sourcing Study involved evaluations of 36 IT service providers across various performance categories, providing comprehensive client-driven insights into the IT vendor market [4][5][10] - EPAM's performance reflects strong alignment with modern enterprise needs, demonstrating its ability to deliver consistent, measurable outcomes for sustained client value [5][10]

Core Viewpoint - A securities class action lawsuit has been filed against Kyndryl Holdings, Inc. and certain executives, alleging misleading statements regarding the company's financial condition and free cash flow metrics [1][5]. Group 1: Lawsuit Details - The class action was filed in the U.S. District Court for the Southern District of New York, asserting claims under the Securities Exchange Act of 1934 [1]. - The class period for the lawsuit is from August 1, 2024, to February 6, 2026, expanding from a related action that covered August 7, 2024, to February 9, 2026 [2]. - Investors wishing to serve as lead plaintiff must file a motion by April 13, 2026, as per the Private Securities Litigation Reform Act [3]. Group 2: Company Background - Kyndryl, which spun off from IBM in 2021, provides IT infrastructure services, including cloud hosting and AI solutions [4]. - The company emphasized free cash flow as a key performance metric, indicating its importance for financial health and growth potential [4]. Group 3: Allegations and Financial Disclosures - The lawsuit alleges that Kyndryl misled investors about its free cash flow metrics, which were presented as indicators of financial strength but were based on unsustainable cash management practices [5]. - Kyndryl's financial results for Q1 2026 showed revenue of $3.743 billion and free cash flow use of $222 million, both missing analysts' estimates, leading to a 21% decline in stock price [6]. - On February 9, 2026, Kyndryl disclosed internal control weaknesses in cash management practices and reduced its full-year free cash flow guidance from $550 million to between $325 million and $375 million, resulting in a 54% drop in stock price [7].

Mergers and Acquisitions - Tata Steel has approved the merger of Neelachal Ispat Nigam Limited (NINL) with itself and plans to invest up to US $2 billion in its subsidiary T Steel Holdings Pte Ltd [1] - Varun Beverages' subsidiary, Bevco, has acquired 100% equity stake in Crickley Dairy for an enterprise value of ZAR 238 million (₹131.47 crore), aiming to diversify into value-added dairy and juice-based drinks [3] - Strides Pharma Science's subsidiary has entered into agreements with Sandoz AG for the acquisition and in-licensing of a portfolio of branded generic products across Sub-Saharan Africa, with several products delivering annual sales exceeding US $1 million [12] Financial Activities - State Bank of India has raised ₹6,051 crore at a coupon rate of 7.05% through its second Basel III compliant Tier 2 bond issuance for the current financial year, with a tenor of 10 years [2] - Paisalo Digital has completed its inaugural External Commercial Borrowing (ECB) transaction amounting to US $15 million, marking a significant advancement in the company's liability diversification journey [17] Infrastructure and Development - Shree Cement Limited has secured mining rights for a 373-hectare limestone block in Andhra Pradesh, enhancing its raw material sourcing capabilities [4] - NHPC Ltd has declared commercial operation of Unit 1 (250 MW) of the Subansiri Lower HE Project, with three units now operational [13] - Ceigall Infra Projects has emerged as the L1 bidder for the construction and development of urban streets in Ludhiana, with a bid cost of ₹108 crore for Package 1 and ₹99 crore for Package 3 [14] Technology and Innovation - Wipro Ltd has announced a strategic collaboration with Harness to accelerate AI-native software delivery for global enterprises [5] - Hexaware Technologies has launched Agentverse, an enterprise AI agent platform featuring over 600 ready-to-deploy AI agents [7] - Tech Mahindra's subsidiary has executed a share sale agreement for the acquisition of 20% equity shares in Tech Mahindra Arabia Ltd [6] Defence and Research - Digilogic Systems Ltd has received purchase orders from the Defence Research & Development Organisation for measurement and test equipment worth ₹4 crore and ₹3.15 crore respectively [15] - Axis Solutions Ltd has secured its first significant order worth ₹4.25 crore for high voltage transducers from Bharat Heavy Electricals Ltd as part of its expansion into the Railway/Metro segment [16]

Group 1: Nvidia's AI Chip Revenue Potential - Nvidia announced that the revenue opportunity for its artificial intelligence chips may reach at least $1 trillion through 2027, highlighting a significant growth potential in the AI sector [1] - CEO Jensen Huang emphasized that "the inference inflection has arrived" and noted that demand for AI technology continues to increase [1] Group 2: Market Reactions and IT Sector Impact - Following Nvidia's announcements, Wall Street experienced a positive reaction, with the S&P 500 climbing 1% to end at 6,699, marking its strongest one-day gain in over a month [2] - The Indian IT sector faced declines, with shares of major companies like Coforge dropping around 6%, and Tata Consultancy Services (TCS) and HCL Technologies falling nearly 2%, contributing to a more than 2% drop in the Nifty IT index [6][8] Group 3: Investor Sentiment and Future Outlook - Investors are closely monitoring the upcoming US Federal Reserve's FOMC meeting, as its outcome is expected to influence sentiment around IT stocks, particularly since many Indian IT companies derive a significant portion of their revenue from the US market [4][5] - Nuvama noted that the recent sharp correction in IT stocks, attributed to fears of AI-led disruption, has made valuations attractive, suggesting that the Indian IT services industry is not facing an existential threat from generative AI [9]

Core Insights - Cognizant Technology Solutions has launched the Cognizant AI Factory, an advanced AI infrastructure developed in collaboration with Dell Technologies and NVIDIA, aimed at streamlining AI deployment for businesses [1][6] - The AI Factory utilizes Fractional GPU technology and NVIDIA's Multi-Instance GPU (MIG) to allow multiple AI workloads to run simultaneously, enhancing resource utilization and data integrity [2][6] - Internal testing indicates potential cost reductions of 50-60% and AI processing speeds up to 30% faster, significantly reducing time-to-value from months to weeks [3][6] Financial Performance - Cognizant's stock is currently rated as "Hold" by Cowen & Co., with a price of $60.62 as of March 13, 2026, while UBS has set a price target of $71, indicating a potential upside of 16.35% from the current trading price of $61.02 [4][6] - The stock has shown volatility, trading between $60.22 and $61.38, with a market capitalization of approximately $29.40 billion; over the past year, it has fluctuated between a high of $87.03 and a low of $60.04 [5]

Core Viewpoint - Capgemini's Board of Directors is proposing changes to its composition for the upcoming Shareholders' Meeting on May 20, 2026, including the renewal of terms for existing members and the appointment of new independent directors to enhance diversity and expertise [2][3][4]. Board Composition Changes - The Board will propose the renewal of Mr. Paul Hermelin and Ms. Maria Ferraro's terms, alongside the appointment of Ms. Véronique Weill and Mr. Luc Rémont for four-year terms [3]. - Mr. Hermelin is set to be reappointed as Chairman of the Board, maintaining a governance structure that separates the roles of Chairman and CEO [4]. - Mr. Patrick Pouyanné is intended to be appointed as Lead Independent Director, bringing nine years of experience on the Board [5]. New Appointments - Mr. Luc Rémont will contribute his executive management experience in the energy sector and financial expertise [6]. - Ms. Véronique Weill will bring over 20 years of experience in investment banking and corporate governance, along with knowledge in technology and digital issues [7][19]. - Ms. Lila Tretikov, an expert in Artificial Intelligence, will also be presented for ratification, bringing her technological skills and experience in business transformation [8][15]. Board Diversity and Governance - If the proposed changes are adopted, the Board will consist of 15 directors, with 83% being independent, 40% having international profiles, and 50% being women [9]. - The company aims to comply with the "Women on Boards" Directive ahead of its official implementation in 2027, projecting a 46% female representation on the Board [10]. Company Overview - Capgemini reported global revenues of €22.5 billion for 2025 and operates as a global business and technology transformation partner with a workforce of over 420,000 in more than 50 countries [23].

Core Insights - The company reported a decline in revenue but achieved an adjusted EBITDA of $181 million for the quarter, reflecting a 10.3% margin, attributed to strong program execution and cost efficiency measures [1] - Full-year revenue was $7.26 billion, down approximately 3% organically, primarily due to the decision to no-bid low-margin Cloud One revenue, which was a $200 million headwind for fiscal 2026 [2] - The company expects fiscal 2027 revenue to be between $7.0 billion and $7.2 billion, indicating an organic contraction of 2% to 4% due to recompete losses, with an anticipated $400 million headwind [7] Financial Performance - Adjusted diluted EPS for the quarter was $2.62, and $10.75 for the year, benefiting from stronger margins and a favorable tax rate [1] - Free cash flow was reported at $336 million for the quarter and $577 million for the year, exceeding guidance by about 10% [6] - Adjusted EBITDA guidance for fiscal 2027 is set at $705 million to $715 million, implying a margin of 9.9% to 10.1% [8] Business Development Strategy - The company is adopting a more selective approach in business development, focusing on opportunities with a "greater right to win" and higher customer retention [4] - The hiring of a chief growth officer is part of the strategy to enhance business development efforts [4] - The company aims for $25 billion to $28 billion in proposal submissions for fiscal 2027 to support growth and margin improvement [4] Operational Initiatives - The company is undergoing an enterprise transformation initiative aimed at improving speed and execution [6] - Management has set a target for $100 million in cost reductions to provide flexibility for investment and margin improvement [19] - The company is prepared to adjust capital expenditures based on demand signals and is focusing on operational efficiency [16] Market Position and Challenges - The large enterprise IT market is expected to decline from 17% of revenue in fiscal 2025 to 10% in fiscal 2027, with a focus on opportunities that demonstrate measurable value [13] - The company has experienced challenges in recompete losses, particularly in cost-plus work, which has made differentiation difficult [12] - Improved proposal quality and discipline are expected to influence win rates within six months, although government sales cycles can be lengthy [14]