Photo Illustration by Jaque Silva/NurPhoto via Getty ImagesNurPhoto via Getty ImagesHere is why we think Gartner (IT) stock is worth a look: It is growing, producing cash, and available at a significant valuation discount. Let's see the numbers.Cash Yield: Gartner offers an impressive cash flow yield of 8.0%.Growing: Last 12 month revenue growth of 5.9% means that the cash pile is going to grow.Valuation Discount: IT stock is currently trading at 34% below 3-month high, 52% below 1-year high, and 52% below ...

Core Viewpoint - The APPEC (Asia Pacific Petroleum Conference) aims to enhance information sharing and cooperation in the Asia-Pacific energy market, focusing on "energy security" and "sustainable development" for the 2025 conference, which will strengthen the region's role in global energy transition [1]. Group 1: Conference Overview - The APPEC has evolved over 40 years into a key platform connecting governments, businesses, and academia, with its discussions often referenced in global energy policy-making [1]. - The 2025 APPEC will feature the "China Energy Futures Seminar" organized by the London Stock Exchange Group (LSEG), focusing on energy derivatives markets and international cooperation [1]. Group 2: Event Details - The seminar is scheduled for September 10, 2025, from 14:00 to 17:00 at LSEG's Singapore office [3]. - The agenda includes a welcome address, discussions on crude oil market challenges and opportunities, and the impact of U.S. tariffs on the Asian petrochemical industry [4][5]. Group 3: Expert Participation - Key speakers include Victor Rubtsov, Emril Jamil, and Sok Peng Chua, who will provide insights on market trends and the implications of geopolitical events on the oil and petrochemical markets [9]. - The seminar will also feature discussions on the opening process of China's futures market and opportunities for foreign investors [6].

Financial Data and Key Metrics Changes - The company reported total revenue of $1.6 billion, a decrease of 5% from the prior year period and down 9% on an organic basis. Excluding the confidential contract, total revenue grew 138% on an organic basis, driven by growth in transportation and cyber markets [27][28] - Adjusted EBITDA was $149 million, with a margin expansion of 40 basis points to 9.4%, marking a second quarter record [28][29] - The company achieved a free cash flow conversion rate of 151% for the quarter and 125% on a trailing twelve-month basis [6][33] Business Line Data and Key Metrics Changes - Federal Solutions segment saw a total revenue decrease of 19% from the prior year, but excluding the confidential contract, revenue increased 88% on an organic basis [29] - Critical Infrastructure segment revenue increased by $97 million or 14% from the previous year, driven by organic growth of 8% and contributions from recent acquisitions [30][31] Market Data and Key Metrics Changes - In North America, total revenue grew 177% on an organic basis, reflecting strong demand and successful contract execution [9][10] - The Middle East infrastructure business is expected to grow over 10% in 2025, marking the fourth consecutive year of double-digit organic revenue growth in the region [11][12] Company Strategy and Development Direction - The company is focused on hard infrastructure projects, aligning with bipartisan support and government priorities, particularly in areas like roads, bridges, and airports [10][55] - The acquisition of Chesapeake Technology International is expected to enhance capabilities in electronic warfare, cyber, and autonomous systems, strengthening relationships with key customers [21][22] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about future growth, citing a robust backlog of nearly $9 billion, with 70% funded, and a pipeline of $55 billion including 114 opportunities worth $100 million or more [25][26] - The company anticipates a stronger Q3, traditionally the strongest quarter for federal business, and expects to maintain a book-to-bill ratio of 1.0 or greater [50][51] Other Important Information - The company was recognized as the top program manager firm globally by Engineering News Record, reflecting its reputation for complex program delivery [7] - Significant contract wins in Q2 included a $176 million contract with the U.S. Army Corps of Engineers and a $138 million contract for cyber work with the Defense Threat Reduction Agency [8][9] Q&A Session Summary Question: Opportunities related to Golden Dome and FAA procurement - Management highlighted strong past performance with the FAA and readiness to pursue the integration contract, emphasizing a partnership with IBM [41][44] Question: Expectations for Q3 and industry trends - Management expects a robust Q3, with a strong pipeline and historical performance indicating a continuation of growth [49][50] Question: Impact of the One Big Beautiful Bill on infrastructure - Management noted a shift in funding priorities towards hard infrastructure, which aligns well with the company's portfolio [55] Question: Guidance increase and contributions from acquisitions - The guidance increase is primarily attributed to the acquisition of CTI, which is expected to contribute significantly to revenue and earnings [57][58] Question: Organic growth outlook and performance in Critical Infrastructure - Management anticipates 18% organic growth in the second half, driven by existing contracts and strong hiring [66][71] Question: Unbooked backlog and funding environment - The unbooked backlog is over $11 billion, with strong funding and cash flow expected to support growth [101][105]