Financial Performance - IT Services revenue reached $2,587.4 million in Q1'26 [26] - IT Services revenue decreased by 0.3% QoQ and 1.5% YoY in reported terms [26] - Non-GAAP IT Services revenue declined by 2.0% QoQ and 2.3% YoY in constant currency [26] - Net income for the quarter was ₹33.3 billion, a decrease of 6.7% QoQ but an increase of 10.9% YoY [26] - EPS was ₹3.2 ($0.041), down 6.7% QoQ but up 10.8% YoY [26] - IT Services Operating Margins stood at 17.3%, down by 0.2% QoQ but up 0.8% YoY [26] - Total bookings were $4,971 million, up 24.1% QoQ and 50.7% YoY in constant currency [28] - Large deal bookings reached $2,666 million, an increase of 49.7% QoQ and 130.8% YoY in constant currency [28] Other Key Metrics - The company has 1,282 active global clients [10] - The top customer concentration is at 4.7% of revenue [12] - The company has 16 customers with > $100M revenue [12]

Core Points - Columbus A/S has adjusted its full-year financial guidance for 2025 due to a challenging macro-economic environment impacting customer decision-making on major IT projects, leading to project postponements and extended sales processes [1][2] - The revenue guidance has been revised from an expected organic growth of 7-9% to approximately the same level as 2024, which is DKK 1.7 billion [4] - The EBITDA margin guidance has been adjusted from an expected range of 10-12% to a new expected range of 7-9% [4] Upcoming Events - Columbus will release its Interim Report for Q2 2025 on August 21, 2025, providing further details on performance, and will host a teleconference for investors and analysts on the same day at 13:00 pm CET [3]

Infosys Limited (NYSE: INFY ) is about to report its FY 2026's Q1 earnings on Wednesday, July 23rd. Analysts expect the company to report an EPS of 19 cents on $4.85 billion in revenue. Should Infosys meet the expectations, it'd represent a 5% YoYAnalyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving ...

Core Insights - NetClass Technology Inc has successfully secured a contract for the "Smart Digital Campus Construction" project at Shanghai East China Model High School, valued at approximately CNY 3.38 million (US$0.47 million) [1][2][3] - This project highlights the recognition of NetClass's capabilities in educational informatization and its commitment to enhancing learning environments through technology [2][3] - The contract signifies a strategic expansion for NetClass into the digital-intelligent campus solutions market, showcasing its innovative approach and technological expertise [3] Company Overview - NetClass Technology Inc is a leading B2B smart education IT solutions provider with offices in Shanghai, Hong Kong, Singapore, and Tokyo, offering services such as SaaS subscription services and application software development [4] - The company's solutions cover various aspects of educational management, including teaching, online education, examinations, data storage, and blockchain systems for education credits [4]

Core Insights - Atos has been awarded the Golden Certificate by SAP, marking the 10th consecutive certification as a Global Operations Partner, highlighting a strong and enduring partnership [1][4] - Atos is recognized as a SAP Platinum Partner with over 10,000 SAP experts globally, showcasing its extensive expertise and flexible delivery capabilities [2] - The certification reflects Atos's commitment to exceeding customer expectations and strengthening its partnership with SAP [4][5] Company Overview - Atos Group operates with approximately 72,000 employees and generates annual revenue of around €10 billion, functioning in 68 countries under the Atos and Eviden brands [6] - The company is a leader in cybersecurity, cloud services, and high-performance computing, focusing on secure and decarbonized solutions [6][8] Service Areas - Atos has renewed its certification in five core business areas, including Global SAP S/4HANA solutions operations and Global SAP SuccessFactors solutions operations [2][7] - The company supports customers through end-to-end services, from strategy and implementation to ongoing service innovation and management [5]

Core Insights - Agentic AI is projected to generate up to $450 billion in economic value by 2028, but only 2% of organizations have fully scaled deployment, with trust in AI agents declining [2][8][10] - Human oversight is deemed essential, with nearly 75% of executives believing its benefits outweigh costs, and 90% viewing human involvement in AI workflows positively [2][3][9] - Trust in fully autonomous AI agents has significantly decreased from 43% to 27% in the past year, with many executives concerned about the risks [5][8] Adoption and Implementation - Organizations are in early stages of agentic AI application, with 14% having begun implementation and nearly a quarter launching pilots [3][11] - 93% of business leaders believe scaling AI agents will provide a competitive edge, yet nearly half lack a strategy for implementation [3][10] - The report indicates that organizations with scaled implementation could generate approximately $382 million on average over the next three years, compared to around $76 million for others [10] Trust and Transparency - Trust in AI agents increases as organizations move from exploration to implementation, with 47% of those in the implementation phase reporting above-average trust [6][12] - Organizations are prioritizing transparency and ethical safeguards to enhance trust and drive adoption [6][9] Human-AI Collaboration - Over 60% of organizations expect to form human-agent teams within the next year, indicating a shift in perception of AI agents from tools to active team participants [7][9] - Effective human-AI collaboration is projected to increase human engagement in high-value tasks by 65%, creativity by 53%, and employee satisfaction by 49% [9][10] Challenges and Readiness - 80% of organizations lack mature AI infrastructure, and fewer than 20% report high levels of data readiness, indicating significant challenges in scaling agentic AI [12] - Ethical concerns, particularly around data privacy and algorithmic bias, remain prevalent, with only 34% of organizations actively addressing privacy issues [12]

Investment Rating - The report indicates a positive sentiment towards the Asia Pacific ex-Japan equities, with no participants expecting a lower level for these equities a year out [3][20]. Core Insights - Investor concerns regarding trade tensions, particularly related to President Trump's policies, are diminishing, with 70% of participants viewing the potential impact on Asian economies as only slightly negative, marking the highest optimism since December [1]. - There is a notable recovery in growth outlook, with a net 31% of participants anticipating a weaker global economy, a significant improvement from 82% in April, and a net 26% expecting a weaker Asian economy, up from 89% [2]. - Earnings expectations have shifted positively, with a net 13% of participants expecting an earnings pick-up, a complete turnaround from the 78% who anticipated a slowdown in April [3][23]. Country Allocation - Japan is the most favored market, followed by Taiwan and Korea, while India has slipped to fourth place. Taiwan and Korea are benefiting from a resurgence in the semiconductor cycle, while China’s allocation has decreased [5][53]. Sector Preferences - In the Asia ex-Japan portfolio, there is a growth bias with overweight positions in semiconductors, software, tech hardware, and banks, while sectors such as materials, energy, industrials, and real estate are being avoided [6][56]. - In Japan, banks are the most preferred sector due to higher interest rates, followed by semiconductors, with a preference for value over growth [6][51]. Investment Themes - In China, AI and semiconductors are the most favored themes, while in India, consumption and infrastructure are of high interest. IT services are currently out of favor [7][62]. - The semiconductor cycle sentiment has improved significantly, with 45% of participants expecting stronger growth in this sector over the next 12 months [66].

Group 1: Marvell Technology - Marvell Technology is a chipmaker specializing in application-specific integrated circuits (ASICs) tailored for AI workloads, reporting sales of $1.9 billion for the quarter ended May 3, reflecting a 63% year-over-year increase [3] - The company faces concentration risk, with a significant portion of its sales dependent on a few large customers, including one customer accounting for 16% and a distributor for 36% of total sales [4][5] - Marvell's stock is currently trading at a forward price-to-earnings multiple of 26, down from over 40, and is priced below $73, making it potentially attractive for long-term growth investors [6] Group 2: Super Micro Computer - Super Micro Computer has seen its stock rise over 60% this year, recovering from a tumultuous previous year where it experienced significant volatility [8] - The company reported a 19% increase in sales to $4.6 billion in the first three months of the year, although its operating income declined by 61% to $146.8 million, indicating thin margins [10] - Trading at around $50, Supermicro presents a riskier investment compared to Marvell but has significant upside potential due to its role in supporting AI-powered operations [11] Group 3: UiPath - UiPath focuses on automating tasks using AI agents, with revenue of $356.6 million for the period ended April 30, marking a modest 6% year-over-year increase [12][13] - The company anticipates sales of up to $350 million for the current quarter, representing an 11% increase from the previous year, but continues to operate at a loss with an operating loss of over $16.4 million last quarter [13] - Priced around $12 with a market cap under $7 billion, UiPath has potential for growth amid increasing AI-related spending, despite facing competitive pressures and questions about its profitability [14]

Core Insights - Cognizant has announced a collaboration with SmartestEnergy to enhance employee support services and operational efficiency through a seamless omni-channel experience [1][5] Group 1: Collaboration Details - The collaboration will transform SmartestEnergy's first and second-line IT support functions, aiming to improve employee experience and service responsiveness [2] - Cognizant's omni-channel approach will increase chat channel adoption, streamline service request processes, and reduce support backlogs [3] - The initiative includes zero-touch device provisioning and management capabilities to boost employee productivity and allow support staff to focus on complex issues [3] Group 2: Strategic Goals - Cognizant will conduct a comprehensive study of SmartestEnergy's business and technology footprint to explore the implementation of Gen AI solutions for better decision-making [4] - SmartestEnergy is celebrating its 25th anniversary in the UK and is planning global expansion, necessitating a strategic partnership for effective internal customer request management [5] Group 3: Company Profiles - SmartestEnergy is focused on empowering customers and partners to achieve net zero, offering flexible and innovative retail and trading solutions [6] - Cognizant specializes in modernizing technology and transforming business processes to help clients stay competitive in a fast-changing environment [7]

Core Insights - Cognizant and Kramp are collaborating to establish a cost-effective and agile IT platform aimed at enhancing operational efficiency, improving customer experience, and driving business growth [1][4] - Kramp is transitioning from a legacy system to a modern, data-driven ERP solution to facilitate market expansion and significant business growth [2][3] Company Overview - Cognizant is a leading technology company that helps clients modernize technology, reimagine processes, and transform experiences to stay competitive in a fast-changing environment [5] - Kramp is Europe's leading technical wholesaler of spare parts and accessories for the agriculture, forest & landscaping, and construction industries, operating in over 20 European countries with more than 3,500 employees [6] Project Objectives - The new ERP system will integrate commerce, supply chain management, warehousing, and finance, aiming to create a unified IT platform that enhances operational efficiency and minimizes customer demand response time [3] - The collaboration is seen as a long-term partnership focused on simplifying and standardizing processes to create incremental business value for Kramp [3][4] Strategic Importance - The initiative is expected to transform Kramp into an agile organization capable of effectively addressing customer needs and adapting to rapidly evolving market demands [4] - Cognizant emphasizes the importance of understanding foundational elements for long-term success and addressing challenges in becoming future-ready [4]