Core Insights - Cognizant reported revenue of $5.12 billion for the quarter ended March 2025, reflecting a year-over-year increase of 7.5% and surpassing the Zacks Consensus Estimate by 0.95% [1] - The earnings per share (EPS) for the quarter was $1.23, up from $1.12 in the same quarter last year, exceeding the consensus EPS estimate of $1.19 by 3.36% [1] Financial Performance by Segment - Financial Services revenue was $1.46 billion, exceeding the average estimate of $1.43 billion, with a year-over-year increase of 5.6% [4] - Communications, Media and Technology revenue was $804 million, below the estimated $833.33 million, representing a year-over-year decline of 2.7% [4] - Products and Resources revenue reached $1.28 billion, slightly above the estimated $1.27 billion, with a year-over-year increase of 12.8% [4] - Health Sciences revenue was $1.57 billion, surpassing the average estimate of $1.55 billion, reflecting a year-over-year growth of 11% [4] Stock Performance - Cognizant's shares have returned -4.1% over the past month, compared to a -0.2% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Financial Data and Key Metrics Changes - First quarter revenue grew by 8.2% year over year in constant currency to $5.1 billion, driven by the Belcan acquisition and organic growth in Health Sciences and Financial Services [6][25] - Adjusted Operating Margin improved by 40 basis points year over year to 15.5%, on track to achieve full year guidance of 20 to 40 basis points of expansion [8][33] - Adjusted EPS grew 10% year over year, marking the sixth consecutive quarter of year over year growth [8][25] Business Line Data and Key Metrics Changes - Health Sciences revenue increased over 11% year over year in constant currency, with broad-based growth across payer, provider, and life sciences [7][28] - Financial Services segment grew 6.5% year over year in constant currency, with healthy discretionary spending as clients invested in cloud and data modernization [7][28] - Products and Resources segment growth was driven by Welch, but faced weak demand due to discretionary spending pressures [29] Market Data and Key Metrics Changes - North America revenue grew 10% year over year in constant currency, driven by Belcan and large deals [30] - Europe revenue increased by 3% year over year in constant currency, supported by life sciences and financial services clients [31] - The Rest of the World saw a 7% year over year increase in constant currency, driven by large deals in Communications, Media, and Technology [32] Company Strategy and Development Direction - The company is investing heavily in AI-powered software-led engineering, integrating expertise in embedded software and IoT with capabilities from recent acquisitions [10][19] - Strategic imperatives include amplifying talent, scaling innovation, and accelerating growth, with a focus on AI and embedded engineering [16][19] - The company aims to build resilience and durability by developing leadership and talent, strengthening operational discipline, and rebooting innovation [9][10] Management's Comments on Operating Environment and Future Outlook - The macro environment changed sharply in early April, leading to elevated uncertainty, but the company sees opportunities related to productivity and efficiency [9][26] - Management remains optimistic about capturing demand in Financial Services and believes the current environment presents opportunities for cost optimization [27] - The company expects revenue growth of 5% to 6.5% year over year in constant currency for the second quarter of 2025 [35][36] Other Important Information - The company had four large deals in the first quarter, including a mega deal valued at over $500 million [8][26] - Free cash flow for the first quarter was $393 million, with plans to redeploy proceeds from the sale of an office complex in India [35] - The company plans to return approximately $1.7 billion to shareholders in 2025, including $1.1 billion in share repurchases and $600 million in dividends [39] Q&A Session Summary Question: Insights on bookings and pipeline shifts - Management noted that productivity gains from leveraging AI are leading to new deals and opportunities for consolidation, particularly in financial services [43][44] Question: Impact of April slowdown on decision-making - Management indicated that the slowdown is primarily seen in the Products and Resources segment, while Financial Services remains strong [56][57] Question: Comfort level regarding backlog coverage - Management expressed confidence in the backlog coverage, with a book-to-bill ratio of 1.3x and healthy demand in applications, AI, and cybersecurity [76] Question: Gross margin trends and expectations - Management highlighted that cost discipline will drive operating margin outcomes, with utilization and productivity improvements being key factors [78] Question: Sustainability of current growth and market position - Management emphasized the need for consistency in performance and expressed confidence in sustaining growth through a broad-based portfolio and strong market position [85][86]

Financial Data and Key Metrics Changes - First quarter revenue grew by 8.2% year over year in constant currency to $5,100 million, driven by the Belcan acquisition and organic growth in Health Sciences and Financial Services [6][25] - Adjusted Operating Margin improved by 40 basis points year over year to 15.5%, on track to achieve full year guidance of 20 to 40 basis points of expansion [8][32] - Adjusted EPS grew 10% year over year, marking the sixth consecutive quarter of year over year growth [8][25] Business Line Data and Key Metrics Changes - Health Sciences revenue increased over 11% year over year in constant currency, with broad-based growth across payer, provider, and life sciences [7][28] - Financial Services segment grew 6.5% year over year in constant currency, with healthy discretionary spending as clients invested in cloud and data modernization [7][28] - Products and Resources segment growth was driven by Welch, but overall demand environment remained weak due to discretionary spending pressures [29] Market Data and Key Metrics Changes - North America revenue grew 10% year over year in constant currency, driven by Belcan and large deals [30] - Europe revenue increased by 3% year over year in constant currency, supported by life sciences and financial services clients [30] - The Rest of the World saw a 7% year over year increase in constant currency, driven by large deals in Communications, Media, and Technology [31] Company Strategy and Development Direction - The company is investing heavily in AI-powered software-led engineering, integrating expertise in embedded software and IoT with capabilities from recent acquisitions [10][21] - Strategic imperatives include amplifying talent, scaling innovation, and accelerating growth, with a focus on AI and embedded engineering [16][19] - The company aims to build a resilient and durable organization that can thrive in both slow and high-velocity markets [5][9] Management's Comments on Operating Environment and Future Outlook - The macro environment has changed sharply, leading to elevated uncertainty, but the company sees opportunities related to productivity and efficiency [9][26] - Management remains optimistic about the pipeline for large deals and believes the current environment presents opportunities for cost optimization and vendor consolidation [26][39] - The company expects revenue growth of 3.5% to 6% in constant currency for the full year 2025, with adjusted operating margin guidance of 15.5% to 15.7% [36][37] Other Important Information - The company has approximately 1,400 early Gen AI engagements, reflecting a strong focus on AI-led productivity [11][12] - The company plans to establish a 14-acre immersive learning center in Chennai, India, to train 100,000 individuals annually in advanced AI technologies [17][20] - The company returned $364 million of capital to shareholders through share repurchases and dividends during the quarter [35] Q&A Session Summary Question: Shift in bookings and pipeline quality - Management noted that productivity gains from leveraging AI are leading to new deals and opportunities for consolidation, particularly in financial services [42][44] Question: April slowdown in decision-making - Management indicated that while there is some caution in health and products and resources sectors, financial services remain strong, and the impact is seen as isolated [56][57] Question: Organic growth and headcount changes - Management confirmed that organic growth has been driven by healthcare and financial services, with a significant improvement in utilization from 82% to 85% [64][90] Question: Confidence in cost takeout deals - Management expressed confidence that the current environment is conducive for closing cost takeout deals, despite some delays in mega deals [93]

Financial Performance - Cognizant's Q1 2025 revenue reached $5115 million, a 7.5% increase year-over-year as reported, or 8.2% in constant currency[5] - The company's GAAP diluted EPS for Q1 2025 was $134, compared to $110 in Q1 2024[7] - Cognizant's GAAP operating margin increased to 167% in Q1 2025, up from 146% in Q1 2024[9] - Operating cash flow for Q1 2025 was $400 million, a significant increase from $95 million in Q1 2024[11] - Free cash flow for Q1 2025 was $393 million, compared to $16 million in Q1 2024, which includes a $70 million positive impact from the sale of property and equipment[11, 48] Segment Performance - Health Sciences revenue reached $1571 million in Q1 2025, a 109% increase year-over-year, or 114% in constant currency[18] - Financial Services revenue was $1462 million in Q1 2025, a 56% increase year-over-year, or 65% in constant currency[18] - Products & Resources revenue was $1278 million in Q1 2025, a 128% increase year-over-year, or 136% in constant currency, with acquisitions contributing approximately 15 percentage points to this growth[18, 19] - Communications, Media & Technology revenue was $804 million in Q1 2025, a 27% decrease year-over-year, or 19% in constant currency[18] Bookings and Guidance - Trailing twelve-month bookings reached $267 billion, a 3% increase year-over-year, representing a book-to-bill ratio of 13x[44] - The company projects full-year 2025 revenue to be approximately $205 to $210 billion, representing a 39% to 64% year-over-year increase, or 35% to 60% in constant currency[49]

Core Points - Atos will hold its Annual General Meeting on June 13, 2025, to approve the 2024 financial statements and discuss changes in the Board of Directors [1][2][3] Board Composition Changes - The Board of Directors has proposed changes to its composition, which will be submitted for approval at the upcoming General Meeting [2] - Elizabeth Tinkham will not seek renewal of her term, which will expire at the end of the General Meeting [3] - If approved, the Board will consist of eight members (excluding the employee representative) and one censor, with 87.5% independent members (seven out of eight) and 50% women, representing six nationalities [4][22] Director Renewals and Appointments - The Board will propose the renewal of terms for Françoise Mercadal-Delasalles and Jean-Jacques Morin, both expiring at the end of the General Meeting for the fiscal year ending December 31, 2027 [7] - Surojit Chatterjee will be appointed as a new independent director, also expiring at the end of the General Meeting for the fiscal year ending December 31, 2027 [7] - Mandy Metten's appointment as a censor will be ratified for one year, expiring at the end of the General Meeting for the fiscal year ending December 31, 2025 [7] Leadership Statements - Philippe Salle, Chairman and CEO of Atos, expressed satisfaction with the upcoming appointments and renewals, emphasizing their importance for the Board's effectiveness and capabilities [5] Company Overview - Atos is a global leader in digital transformation with approximately 74,000 employees and annual revenue of around €10 billion [19] - The company is recognized as the European leader in cybersecurity, cloud, and high-performance computing, providing tailored solutions across various industries in 68 countries [19] - Atos is committed to decarbonization and aims to support clients in achieving secure and sustainable digital transformations [20]

BUENOS AIRES, Argentina, April 30, 2025 /PRNewswire/ -- Horacio Marín, President and CEO of YPF -leading energy company of Argentina and largest shale oil operator in the world outside the United States- and Martín Migoya, Co-founder and CEO of Globant -a digitally native company focused on reinventing businesses through innovative technology solutions- have signed a Memorandum of Understanding (MoU) that marks a significant milestone in the transformation of YPF's Supply Chain operations. Globant to su ...

Core Insights - Capgemini has launched a pioneering perpetual Know-Your-Customer (pKYC) sandbox aimed at enabling financial institutions to transition from traditional KYC processes to a more dynamic, real-time compliance framework [1][4][5] Group 1: pKYC Sandbox Features - The pKYC sandbox provides a secure testing environment for financial institutions to innovate and visualize the effectiveness of their KYC processes without risking customer data [4][9] - It integrates best-of-breed RegTech solutions and allows for real-time visualization of pKYC in action, showcasing its benefits to regulators [4][5] - The sandbox is designed to be flexible and modular, enabling easy implementation across various cloud platforms and technologies [3][5] Group 2: Industry Context and Benefits - The shift to pKYC addresses the vulnerabilities of static KYC processes, which can be exploited by financial criminals, thereby enhancing compliance and reducing risks [4][5] - The sandbox facilitates rapid testing and operational readiness, helping firms identify bottlenecks and optimize workflows for full-scale deployment [9] - Capgemini's recent acquisition of Delta Capita BV strengthens its position as a leading provider of Financial Crime Compliance (FCC) solutions, enhancing its offerings in risk management and regulatory compliance [6][1] Group 3: Strategic Importance - The pKYC sandbox represents a significant advancement in compliance, aligning with regulators' expectations for responsible innovation in the financial services industry [4][5] - Capgemini's commitment to innovation in the FCC space is demonstrated through strategic partnerships and targeted investments, accelerating the industry's shift toward perpetual KYC [5][6]

Core Viewpoint - The 8th Digital China Construction Summit showcased the advancements in AI and digital infrastructure, with Unisplendour Corporation's subsidiary, H3C, presenting its comprehensive technology capabilities and innovative solutions to empower the construction of a digital China [1][2]. Group 1: AI Technology and Solutions - H3C demonstrated its full-stack intelligent computing solutions, including high-speed lossless networks, AI servers, next-generation storage, and intelligent computing security solutions, emphasizing the synergy of computing power and connectivity [2][6]. - The company introduced the LinSeer Cube, the industry's first deep coupling of intelligent computing, algorithms, and governance in a single model, enhancing the deployment speed of AI applications [2][3]. Group 2: Industry Applications and Collaborations - H3C's AI technology has been integrated into various sectors such as government, healthcare, transportation, education, finance, and energy, facilitating the implementation of AI solutions in real-world scenarios [3][5]. - The company has contributed to the development of smart city initiatives, such as the City Brain 3.0 project in Hangzhou, enhancing urban management capabilities [3][7]. Group 3: Challenges and Innovations - The rapid growth in AI technology has led to an explosive demand for computing power, prompting the need for a national integrated computing network to improve efficiency and reduce costs [5][6]. - H3C is addressing challenges in intelligent computing center construction and scheduling through innovative solutions, including a large-scale networking architecture and advanced technologies for high-speed, lossless data transmission [6][7]. Group 4: Commitment to Digital Transformation - H3C has played a significant role in the digital transformation of various industries in Fujian Province, showcasing its commitment to advancing digital infrastructure and solutions [7]. - The company aims to continue its deep involvement in the construction of digital China, leveraging its core strengths in computing power and connectivity to drive further innovation and exploration in AI applications [7].

Group 1 - IBM's board of directors declared an increase in the regular quarterly cash dividend to $1.68 per common share [1] - This marks the 30th consecutive year that IBM has increased its quarterly cash dividend [1] - IBM has been paying consecutive quarterly dividends since 1916 [1]

Group 1 - The upcoming report from Cognizant (CTSH) is expected to reveal quarterly earnings of $1.19 per share, indicating an increase of 6.3% compared to the year-ago period [1] - Analysts forecast revenues of $5.07 billion, representing an increase of 6.5% year over year [1] - The consensus EPS estimate for the quarter has been revised 0.5% lower over the last 30 days, reflecting a reevaluation of initial estimates by analysts [1] Group 2 - The consensus estimate for 'Revenue- Products and Resources' stands at $1.27 billion, suggesting a change of +12.2% year over year [4] - The average prediction for 'Revenue- Health Sciences' is $1.55 billion, indicating a change of +9.7% from the year-ago quarter [4] - Analysts suggest that 'Revenue- Financial services' will likely reach $1.43 billion, with a change of +3.2% from the year-ago quarter [4] Group 3 - The consensus among analysts for 'Revenue- Communications, Media and Technology' is expected to reach $835.39 million, indicating a year-over-year change of +1.1% [5] - Shares of Cognizant have demonstrated returns of -5.1% over the past month compared to the Zacks S&P 500 composite's -0.8% change [5] - Cognizant holds a Zacks Rank 3 (Hold), indicating expectations to mirror overall market performance in the near future [5]