Financial Data and Key Metrics Changes - Revenue totaled GBP 184.1 million, representing a 5.9% decrease year-on-year and a 3.3% increase from Q1 FY2026 [7][21] - Loss before tax for the quarter was GBP 7.2 million, compared to a profit of GBP 2.5 million in the same period last year [21] - Adjusted PBT was GBP 10.7 million, down from GBP 21.8 million year-on-year, with an adjusted PBT margin of 5.8% compared to 11.2% [22] - Adjusted diluted earnings per share were 16 pence, down from 30 pence year-on-year [23] Business Line Data and Key Metrics Changes - Revenue from the 10 largest clients accounted for 35% of total revenue, down from 36% year-on-year, with average spend per client decreasing from GBP 7.1 million to GBP 6.5 million [23] - North America accounted for 40% of revenue, Europe for 23%, the UK for 31%, and the rest of the world for 6% [24] - Revenue from North America decreased by 5.1%, Europe by 8.5%, and the UK by 9.1%, while the rest of the world increased by 21.8% [24][25] Market Data and Key Metrics Changes - The company experienced a 3.3% FX headwind impacting revenue, particularly in North America [33] - The rest of the world showed strong growth, driven mainly by the payments and TNT verticals [25] Company Strategy and Development Direction - The company is heavily investing in AI to establish itself as a leader in the AI space, focusing on recruitment, training, and evolving engagement strategies [5][6] - Strategic partnerships with OpenAI and other hyperscalers are being leveraged to enhance service offerings and drive demand [11][12][14] - The launch of Endava Rise aims to convert startup innovations into enterprise-ready solutions, enhancing the company's capabilities [15] Management's Comments on Operating Environment and Future Outlook - Management noted that the ongoing investment in AI-native delivery models is impacting margins but is essential for long-term growth [22][28] - The company expects revenue guidance for Q3 FY2026 to be in the range of GBP 182 million to GBP 185 million, indicating a constant currency revenue decrease of 4% to 2.5% year-on-year [29] - The outlook for Q4 is more optimistic, with expected sequential growth driven by secured deals and increased working days [34] Other Important Information - The company ended the quarter with 11,385 employees, a 2.4% decrease from the previous year [19] - Cash and cash equivalents totaled GBP 68.5 million, an increase from GBP 59.3 million at the end of June 2025 [25] - Borrowings increased to GBP 202.7 million, supporting the share repurchase program [26] Q&A Session Summary Question: Fiscal year guidance and growth drivers for Q4 - Management indicated that Q4 growth is supported by secured deals and increased working days, with underlying growth expected to be around 6% [34] Question: Details on extensions with largest payment clients - Extensions primarily involve work in switch/gateway areas, focusing on cost rationalization and enhancing customer value propositions [38] Question: Margin impact from increased investments - Investments in partnerships and AI initiatives are heavier than expected, impacting margins, with FX also contributing to margin pressures [41][43] Question: OpenAI adoption trends and displacement concerns - The relationship with OpenAI is strong, with successful enterprise adoption of ChatGPT, and management sees opportunities outweighing displacement fears in the enterprise market [44][46][49] Question: Top client spending and pipeline assumptions - Stability is expected among top clients, with a slight slowdown in healthcare but overall sequential growth anticipated [56]

Endava (NYSE:DAVA) Q2 2026 Earnings call February 19, 2026 08:00 AM ET Company ParticipantsAntonio Jaramillo - VP of Equity ResearchBryan Bergin - Managing DirectorJohn Cotterell - CEOJonathan Lee - Managing Director of Equity ResearchLaurence Madsen - Head of Investor Relations and ESGMark Thurston - CFOPuneet Jain - Equity Research AssociateOperatorGood day, and welcome to the Endava second quarter 2026 results. All participants will be in listen-only mode. Should you need assistance, please signal a conf ...

Financial Data and Key Metrics Changes - Revenue totaled GBP 184.1 million, representing a 5.9% decrease year-on-year and a 3.3% increase from Q1 FY2026 [6][21] - Loss before tax for the quarter was GBP 7.2 million, compared to a profit of GBP 2.5 million in the same period last year [21] - Adjusted PBT was GBP 10.7 million, down from GBP 21.8 million year-on-year, with an adjusted PBT margin of 5.8% compared to 11.2% [22] - Adjusted diluted earnings per share were 16 pence, down from 30 pence year-on-year [23] - Adjusted free cash flow was GBP 20.1 million, down from GBP 31.6 million in the same period last year [25] Business Line Data and Key Metrics Changes - Revenue from the 10 largest clients accounted for 35% of total revenue, down from 36% year-on-year, with average spend per client decreasing from GBP 7.1 million to GBP 6.5 million [23] - North America accounted for 40% of revenue, Europe for 23%, and the UK for 31%, with North America revenue decreasing by 5.1% year-on-year [24] - Revenue from Europe declined 8.5%, primarily due to weakness in payments and mobility [24] - The rest of the world saw a revenue increase of 21.8%, driven mainly by the payments and TNT verticals [25] Market Data and Key Metrics Changes - The company experienced a 5.1% revenue decrease in constant currency terms year-on-year [21] - The UK revenue decreased by 9.1%, mainly due to the reclassification of a large payments client to North America [25] - The rest of the world increased significantly, indicating growth opportunities in emerging markets [25] Company Strategy and Development Direction - The company is heavily investing in AI to establish itself as a leader in AI-native solutions, focusing on recruitment, training, and building partnerships [5][6] - Strategic partnerships with OpenAI and other hyperscalers are being leveraged to enhance service offerings and drive demand [12][14] - The launch of Endava Rise aims to convert startup innovations into enterprise-ready solutions, enhancing the company's capabilities [15] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the ongoing challenges posed by currency fluctuations and competitive pressures but remains optimistic about the long-term growth potential driven by AI adoption [27][28] - The company expects revenue guidance for Q3 FY2026 to be in the range of GBP 182 million to GBP 185 million, indicating a constant currency revenue decrease of 4% to 2.5% year-on-year [28] - For the full fiscal year 2026, revenue is expected to be between GBP 736 million and GBP 750 million, reflecting a constant currency decrease of 3.5% to 1.5% [28] Other Important Information - The company ended the quarter with 11,385 employees, a 2.4% decrease from the same period last year [19] - Capital expenditure for the quarter was 4.4% of revenue, significantly higher than 0.2% in the same period last year, due to investments in a payments accelerator [26] Q&A Session Summary Question: Fiscal year guidance and growth drivers for Q4 - Management indicated that Q4 growth is expected due to secured deals and an increase in working days compared to Q3 [31][33] Question: Details on commitments with largest payment clients - Management confirmed extensions of work with two largest payment clients, focusing on switch/gateway type projects [36] Question: Margin impact from increased investments - Management acknowledged that investments in partnerships and AI-native delivery models are heavier than expected, impacting margins [40][41] Question: OpenAI adoption trends and market displacement concerns - Management expressed confidence in the strong relationship with OpenAI and the enterprise market opportunities, addressing concerns about service displacement [43][45] Question: Top client spending and pipeline assumptions - Management noted stability in top clients, with expectations for sequential growth and a strong pipeline for Q3 and Q4 [53][58]

EPAM Systems (NYSE:EPAM) Q4 2025 Earnings call February 19, 2026 08:00 AM ET Speaker10Good day, everyone. My name is Kahealani, and I'll be your conference operator today. At this time, I would like to welcome you to EPAM's fourth quarter and full year 2025 earnings release conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you'd like to ask a question during this time, and if you have joined via t ...

Why These 5 Depressed Stocks Are Flashing Classic Take-Private Signals in 2026 - 24/7 Wall St.[S&P 5006,860.80 -0.29%][Dow Jones49,525.90 -0.26%][Nasdaq 10024,781.60 -0.42%][Russell 20002,648.72 -0.36%][FTSE 10010,621.00 -0.83%][Nikkei 22557,043.00 -0.87%][Investing]# Why These 5 Depressed Stocks Are Flashing Classic Take-Private Signals in 2026### Quick ReadEPAM Systems (EPAM) delivered 12.8% revenue growth and holds $1.3B cash with no debt despite trading 63% below highs.YETI (YETI) is the smallest and mo ...

Group 1 - EPAM Systems forecasted first-quarter revenue between $1.38 billion and $1.40 billion, aligning with analysts' estimates [2] - The company expects adjusted profit per share in the range of $2.70 to $2.78, also in line with estimates [2] - For the fourth quarter, EPAM reported revenue of $1.41 billion, exceeding analysts' expectations of $1.39 billion, with adjusted EPS of $3.26 also above estimates [3] Group 2 - The company's 2026 revenue guidance of +3-6% year-over-year organic growth reflects a cautious outlook, disappointing investors as 2025's organic growth was 5% year-over-year [1] - Despite economic uncertainty, businesses continue to invest in software development and AI-driven transformation projects to remain competitive in the AI sector [2]

NEW YORK, Feb. 19, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Kyndryl Holdings, Inc. (NYSE:KD) and certain of the Company’s senior executives for securities fraud after significant stock drops resulting from the potential violations of the federal securities laws. If you invested in Kyndryl, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/kyndryl-holdings-class-acti ...

Core Insights - Kyndryl has launched its first Cyber Defense Operations Center in Bengaluru, India, aimed at unifying network and security operations to enhance resilience and incident response [1] - The new center addresses the increasing complexity of IT environments, driven by AI-related cyber risks and the demand for continuous service delivery [1] - Only 31% of organizations are prepared for external business risks, with technology complexity being a significant barrier to scaling AI [1] Group 1: Cyber Defense Operations Center - The Cyber Defense Operations Center integrates network and security operations into a single operating model, providing global customers with expertise in cybersecurity and network operations [1] - The center offers end-to-end services, including advisory, design, implementation, and managed operations, to help enterprises modernize their IT environments [1] - Kyndryl's approach includes automated operations, role-based dashboards, and AI-enabled assessment services to enhance visibility and collaboration [1] Group 2: Market Context and Demand - Enterprises are facing faster and more intelligent cyber risks due to the rise of agentic AI and a shortage of skilled talent to manage these risks [1] - Kyndryl plans to expand the Cyber Defense Operations Center beyond India to meet growing global demand for integrated operating models [1] - The center is part of Kyndryl's broader portfolio of network and security services designed for the AI era, including advanced data center networking and secure access service edge (SASE) [1]

Sensex traded over 100 points higher at 83,979, while the 50-share Nifty index began trading over 50 points in the green, above 25,850 level.On the 30-share Sensex, Infosys, Eternal, On the downside, IndiGo, Asian Paints, Expert viewsLive EventsHowever, near-term sentiment is expected to stay measured, with selective profit booking emerging in high-valuation pockets and lingering uncertainty in the IT sector amid global AI-led disruption concerns. Overall, the undertone remains constructive, supported by d ...

Core Viewpoint - Kyndryl Holdings, Inc. is facing a class action lawsuit due to allegations of materially false and misleading statements regarding its financial statements and internal controls during the class period from August 7, 2024, to February 9, 2026 [3]. Group 1 - The complaint alleges that Kyndryl's financial statements were materially misstated during the class period [3]. - It is claimed that Kyndryl lacked adequate internal controls and at times materially understated issues with its internal controls [3]. - As a result of these issues, Kyndryl was unable to timely file its Quarterly Report on Form 10-Q for the quarter ended December 31, 2025 [3]. Group 2 - Defendants' statements about Kyndryl's business, operations, and prospects were materially false and misleading and lacked a reasonable basis at all times [3]. - Shareholders who purchased shares of Kyndryl during the specified class period are encouraged to register for the class action, with a deadline of April 13, 2026, to seek lead plaintiff status [4]. - The Gross Law Firm aims to protect the rights of investors who have suffered losses due to deceit and fraud, emphasizing the importance of responsible business practices [5].