Core Insights - EPAM Systems has raised its annual earnings forecast for the third time this year, indicating strong demand for IT consultancy services as businesses invest in modernizing their systems for artificial intelligence [1] Group 1: Financial Performance - The company’s updated earnings forecast reflects an increase in business spending on AI system modernization, which is driving revenue growth [1] Group 2: Market Trends - There is a growing trend among businesses to allocate more resources towards upgrading their technological infrastructure to incorporate artificial intelligence capabilities [1]

Core Insights - NNIT experienced a slight improvement in organic growth of 0.3 percentage points in Q3 2025 despite ongoing market unrest, although revenue contracted by 2.9% compared to Q3 2024 [2][5] - The group operating profit excluding special items more than doubled to DKK 35.6 million, resulting in a margin of 8.2%, up from 3.9% in the same quarter last year, driven by operational efficiency improvements [2][5] - The company anticipates continued momentum in profitability and revenue growth, supported by a focus on repeatable solutions and advancements in AI [2][5] Financial Performance - Q3 2025 revenue was DKK 431.6 million, down from DKK 444.7 million in Q3 2024, reflecting a negative revenue growth of 2.9% and organic growth of -1.4% [3][5] - Group operating profit excluding special items for the first nine months of 2025 was DKK 76.5 million, compared to DKK 73.4 million in the same period of 2024, with a margin of 5.6% [3][5] - Special items in Q3 2025 amounted to DKK 7.9 million, with total group operating profit including special items at DKK 27.7 million [3][5] Strategic Focus - NNIT is enhancing its operational model to improve efficiency, achieving a utilization improvement of approximately 4 percentage points while maintaining high customer satisfaction at 4.5 [5] - The company is broadening its market engagement by targeting lower-tier customers and maintaining a solid order entry, which is a positive indicator for future performance [5] - NNIT maintains its full-year financial outlook for 2025, expecting organic growth at the lower end of 0 to 5% and a group operating profit margin excluding special items in the lower end of 7 to 9% [5]

Core Insights - Endava plc (NYSE:DAVA) is a British tech consultancy that specializes in modernizing IT systems for large corporations, but it has faced significant challenges in the stock market, with shares dropping over 30% and stock value plummeting by more than 80% since early 2024 due to guidance that did not meet investor expectations [1][6] Financial Performance - On September 4, 2025, DAVA reported earnings per share of $0.329, surpassing the estimated $0.32, and achieved revenue of approximately $256.3 million, significantly exceeding the estimated $184 million [2] - Despite the positive earnings surprise, the company's revenue decreased by 4% year over year, and its workforce was reduced by 5%, indicating challenges in maintaining consistent growth [2][6] - The company set its full-year fiscal 2026 revenue and earnings targets below expectations, despite the positive earnings report [3][6] Valuation Metrics - DAVA has a price-to-earnings (P/E) ratio of approximately 24.05, indicating the price investors are willing to pay for each dollar of earnings [4] - The price-to-sales ratio stands at about 0.56, suggesting that the market values the company's sales at just over half of its current market price [4] - The enterprise value to sales ratio is approximately 0.71, reflecting the company's total valuation relative to its sales [4] Financial Stability - DAVA maintains a relatively low level of debt compared to its equity, with a debt-to-equity ratio of about 0.29, indicating financial stability [5][6] - The current ratio is approximately 2.18, suggesting good short-term financial health [5][6]

Carlyle is buying a majority stake in Adastra in a deal valuing the IT consultancy and services provider at about $400 million including debt, according to people familiar with the matter https://t.co/z9kywAV7f3 ...