Financial Data and Key Metrics Changes - Consolidated gross billings reached $22.7 billion, growing 12% year over year, with a 10% increase in constant currency [3][4] - Non-GAAP diluted earnings per share was $3.58, a 25% increase year over year, exceeding guidance [4][14] - Net revenue was $15.7 billion, up 7% year over year, above the high end of guidance [12][14] - Gross profit increased 18% year over year to $1.1 billion, with a gross margin of 5%, up 23 basis points year over year [12][13] Business Line Data and Key Metrics Changes - Endpoint Solutions portfolio gross billings increased 10% year over year, driven by demand for PCs and AI PCs [10][14] - Advanced Solutions portfolio gross billings increased 13% year over year, with HIVE showing mid-30s growth due to server and networking rack builds [10][11] - Software gross billings increased 26% year over year, driven by cybersecurity and infrastructure software [4] Market Data and Key Metrics Changes - Strong double-digit growth in gross billings was observed in Latin America and Asia Pacific & Japan [5] - SMB and MSP segments grew substantially above the company average in most geographies [5] - U.S. public sector business saw low single-digit growth, with state and local strength offset by federal softness [6] Company Strategy and Development Direction - The company is focused on a differentiated go-to-market strategy, expanding its addressable market by onboarding new vendors [6][9] - The Destination AI Enablement Program is being enhanced to support partners in adopting AI solutions [7] - A unified portal, TD SYNNEX Partner First, is being launched to optimize partner experience and streamline operations [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued strong performance, particularly in HIVE and distribution, with expectations for Q4 to reflect similar strength [20][28] - The company anticipates gross billings in Q4 to be in the range of $23 to $24 billion, representing an increase of approximately 11% at the midpoint [16] - Free cash flow expectations for the year are approximately $800 million, with Q4 expected to contribute around $850 million [24][25] Other Important Information - The company returned $210 million to stockholders in the quarter, with $174 million in share repurchases and $36 million in dividends [14] - The board approved a cash dividend of $0.44 per common share, payable on October 31, 2025 [15] Q&A Session Summary Question: HIVE dynamics in fiscal forecast and next year outlook - Management noted strong growth across all programs and customers in HIVE, with confidence in continued demand for Q4 [19][20] Question: Comments on PC pull forward and free cash flow expectations - Management indicated limited pull forward for PCs, driven by Windows 11 refresh and AI PCs, with free cash flow expected to be around $800 million for the year [22][24] Question: Sustainability of current performance and potential pull forward - Management believes the overperformance is sustainable, driven by strong demand in distribution and HIVE [28] Question: Progress in onboarding new customers for HIVE - Management confirmed ongoing progress in diversifying the customer base, with growth primarily from traditional compute and networking [30][31]

NVIDIA's AI Solutions for Automotive - NVIDIA pioneers accelerated computing, assisting companies with AI transformation, particularly in the automotive sector, collaborating with almost all automakers [1] - NVIDIA's solutions span various automotive GenAI use cases, including enterprise transformation, dealership support, in-cabin experience enhancement, self-driving technology, and design/manufacturing improvements [2] - NVIDIA provides an AI factory encompassing compute, software, and tools to handle diverse AI verticals like generative AI, physical AI, and HPC workflows [4] - NVIDIA's AI factory offers optimized use cases with a lower Total Cost of Ownership (TCO) [5] Enterprise AI Applications - Only 1% of enterprises have mature AI deployments, indicating a significant adoption challenge that NVIDIA aims to address with its ecosystem of partners [4] - NVIDIA is helping companies set up IT hubs for employee efficiency, connected vehicle data management, factory floor optimization, and code/test case generation [5] - NVIDIA assists customers with the V-model for design and development, introducing AI agents to improve requirements management [6][7][8] - NVIDIA partners with ServiceNow to introduce AI agents on the factory floor, cutting resolution time from hours to minutes, potentially saving customers hundreds of thousands of dollars per minute [8][9][10][11][12] In-Vehicle AI Applications - China is leading in in-vehicle AI innovation, focusing on personalization, multimodality, companion features, and sentry mode [13][14] - NVIDIA provides solutions for developing AI agents that operate both inside the vehicle and in the cloud, enabling features like predictive maintenance and roadside assistance [16][17][18][19] - NVIDIA offers full-stack platforms, including CUDA, to ensure seamless transition and migration from cloud to car, allowing customers to differentiate their end products [21][22] - Ford is using AI agents for design (V-model), contact center customer service, and in-vehicle repair manuals, demonstrating significant time savings (hours to seconds) [26][27]

Teradata (TDC) 2025 Conference Summary Company Overview - **Company**: Teradata (TDC) - **Event**: Citi Tech Conference, September 4, 2025 - **Speaker**: John Ederer, CFO Key Points Company and Industry Context - Teradata is undergoing a business model transformation towards cloud and subscription services, with a focus on AI and data modernization [5][9][10] - The software market is experiencing challenges, particularly in application sectors, but data-related services are showing healthy results [12][13] Financial Performance and Strategy - FY '24 faced challenges, but the company is stabilizing in FY '25 and setting up for growth in FY '26 and beyond [9][11] - Priorities include driving a profitable growth strategy and improving the "Rule of 40" metric, which combines growth rate and profit margin [10][11] - The company aims to achieve durable free cash flow growth, with guidance indicating flat operating margins year-over-year despite headwinds [41][42] AI and Market Trends - Increased demand for AI is reshaping the market, leading to a natural rebalancing of IT investments [14][15] - Teradata is seeing a shift in customer demand towards secure and efficient AI deployment at scale, which bodes well for its business [15][16] - The company is experiencing enthusiasm around new product announcements, such as Enterprise Vector Store and AI Factory, which are positively influencing the sales pipeline [18][19] Customer Engagement and Retention - Improved customer engagement and retention strategies are yielding better results, with a focus on early identification of risk factors [25][26] - The company has seen a reduction in migration dependence, indicating a shift towards hybrid environments where customers can invest in AI without full migration [29][30] Competitive Landscape - Teradata is positioning itself uniquely with a hybrid solution that combines on-premise and cloud capabilities, appealing to customers' needs for efficiency and scalability [62][64] - The competitive landscape includes players like Databricks and Snowflake, but Teradata's focus on hybrid solutions is seen as a differentiator [62][66] Capital Allocation and Shareholder Returns - The company is committed to returning 50% of its free cash flow to shareholders through stock buybacks, indicating confidence in its financial health [79][80] - There is a recognition of the need to balance growth opportunities with shareholder returns [79] Organizational Changes - Recent restructuring efforts have optimized the marketing organization and improved alignment between product development and sales, enhancing overall execution [40][55] - New leadership has been brought in to drive improvements in go-to-market strategies and customer engagement [54][55] Future Outlook - The company is optimistic about returning to positive growth and achieving double-digit growth in the future, driven by AI and hybrid platform opportunities [37][38] - Continued investments in product development and market strategies are essential for long-term growth and shareholder value [46][47] Additional Insights - Teradata is actively pursuing new logo opportunities in both on-premise and cloud environments, indicating a balanced approach to market expansion [72][73] - The company is leveraging AI internally to improve efficiencies, although quantifying specific savings remains challenging [51][52] This summary encapsulates the key insights and strategic directions discussed during the Teradata conference, highlighting the company's focus on growth, AI integration, and shareholder value.

Financial Performance & Guidance - FY25 operating EPS (OEPS) reached 12.2 cents, outperforming guidance, a 4% increase over FY24[17] - FY26 OEPS guidance is set at 13.4 cents, a 10% increase over FY25[17] - The company maintains a FY25 DPS of 10.4 cents and projects the same for FY26[28] - FY25 Statutory NPAT was $82.7 million, with a Statutory EPS of 10.0 cents[85] - FY25 Operating NPAT reached $100.8 million, a 4.3% increase from FY24's $94.7 million[85, 91] Assets Under Management (AUM) - Group AUM stands at $20.6 billion, with real estate comprising $19.7 billion[11] - Unlisted real estate accounts for 70% of the total real estate AUM, amounting to $13.7 billion[11] - Centuria Bass Credit's AUM grew to $2.3 billion over FY25, a 21% year-over-year increase[44] Strategic Initiatives & Transactions - Targeting over $1 billion in real estate acquisitions in FY26[17, 116] - Launched Australia's largest single-asset unlisted industrial fund, valued at $216 million, for Port Adelaide[50, 116] - Completed a $21 million acquisition of a 50% interest in ResetData, focusing on AI Factories[75] - Completed $202 million in gross development projects in FY25[144] REIT Performance & Metrics - Centuria Industrial REIT (CIP) FY26 guidance includes FFO of 18.0-18.5 cents per unit (up to 6% pcp) and a distribution of 16.8 cents per unit (3% over FY25)[56] - CIP's FY25 portfolio saw $140 million in non-core divestments at a 12% average premium to book value[57] - Centuria Office REIT (COF) FY26 guidance includes FFO of 11.1-11.5 cents per unit and a distribution of 10.1 cents per unit[65] - COF's portfolio saw $18 million in valuation growth in 2H FY25[66]