Core Insights - Ipsos reported a revenue of €1,155.0 million for the first half of 2025, reflecting a total growth of 1.5% despite a challenging macroeconomic environment [2][3] - The company experienced a return to organic growth in the second quarter, achieving 0.7% organic growth after a decline of -1.8% in the first quarter [3][4] - The CEO emphasized ongoing investments in technology and artificial intelligence, alongside a commitment to acquisitions, while maintaining cautious optimism regarding the macroeconomic context [4][35] Financial Performance - Total revenue for the first half of 2025 was €1,155.0 million, with a gross margin of 68.4%, slightly down from 68.5% in the previous year [17][21] - Operating profit decreased by 17.0% to €95.5 million, resulting in an operating margin of 8.3% compared to 10.1% in the same period last year [17][26] - Net profit attributable to owners of the parent was €53.2 million, down from €78.0 million in the previous year, with adjusted net profit at €72.2 million, a decrease of 12.3% [26][41] Performance by Region - EMEA region showed total growth of 6.3% in the first half, with organic growth of 0.8%, driven by the integration of infas in Germany [6][7] - The Americas experienced a decline of -2.3% in total growth, but organic growth improved to 0.6% in the second quarter, particularly in the United States [8][9] - Asia-Pacific faced challenges with a total growth decline of -3.6%, attributed to a lack of recovery in China and uncertainties in the region [9] Performance by Audience - The consumer segment reported organic growth of 0.5% in the first half, with a notable improvement to 1.6% in the second quarter [12] - The citizens segment saw a significant decline of -11.4% in organic growth, impacted by uncertainties related to electoral cycles [13] - The doctors and patients audience experienced organic growth of 5.3%, supported by innovations in healthcare [14] Strategic Developments - Ipsos is pursuing an acquisition strategy, including the finalization of the acquisition of The BVA Family, enhancing capabilities in various markets [33] - The company is also focusing on advancements in technology and artificial intelligence, particularly in synthetic data solutions [34] - A new strategic plan, Horizons 2030, is set to be presented during an Investor Day on November 19, 2025 [36]

Summary of Nasdaq (NDAQ) Conference Call - June 05, 2025 Company Overview - **Company**: Nasdaq, Inc. - **Industry**: Global exchange operator and financial technology company Key Points Economic Environment and IPO Market - The U.S. economy shows strength and resilience, which supports capital deployment by companies and investors [5][6] - The IPO pipeline is expected to open up as volatility moderates, with companies preparing to enter public markets [5][6] - There is pent-up supply from companies ready to go public, indicating optimism for increased IPO activity in the summer and second half of the year [6] Sector Engagement - High engagement is noted in sectors related to AI technology and financial services, particularly fintech [7] - Companies in the digital economy are more attractive to investors compared to those affected by tariff uncertainties [8] Sales Cycle and Demand for Financial Technology - Demand for Nasdaq's financial technology solutions remains strong, with normalized conversations following tariff volatility [10] - The company is well-positioned competitively, with a healthy demand orientation for its products [10] One Nasdaq Strategy - Progress is being made towards the goal of $100 million in cross-selling opportunities by 2027, with 15% of the fintech pipeline currently in cross-sells [11][12] - The strategy involves aligning teams, tracking client data, and engaging clients holistically [11] Product Demand and Market Modernization - Strong demand across all product vectors, including surveillance and market modernization solutions [15] - New regulations and the need for modernization in risk management are driving demand for Nasdaq's products [15][16] Crypto and Tokenization Opportunities - Nasdaq is actively providing trading and clearing technology for crypto markets, with growth potential as cryptocurrencies become more bankable [19] - The company aims to leverage its technology to reduce friction in the financial system through tokenization [20] Index Business Performance - The index business has shown strong revenue growth, with a focus on transparency and alpha generation [22] - New product launches and global expansion are key growth drivers [24] 24/5 Trading Initiative - Nasdaq is exploring the implementation of 24/5 trading to meet global retail demand, while ensuring investor protections are in place [26][27] - The company is working on building the necessary infrastructure and regulatory approvals for this initiative [29][30] Texas as a Capital Markets Hub - Texas is emerging as a significant capital markets hub, with Nasdaq planning to establish a regional headquarters in Dallas [32][34] - The pro-business environment and the state's efforts to create a capital markets hub present growth opportunities for Nasdaq [34][36] M&A Strategy - Nasdaq is focused on organic growth and deleveraging, with no immediate plans for large-scale M&A [40][41] - The company is open to small bolt-on acquisitions but prioritizes optimizing organic growth [41] Artificial Intelligence Integration - Nasdaq is implementing AI in product development and business operations, with a focus on enhancing efficiency and client service [42][43] - The company anticipates that AI will support margin expansion over time [48] Future Trends in the Exchange Business - Major trends identified include AI, tokenization, and the potential for 24/5 trading, with Nasdaq committed to being an innovator in these areas [50][51] Additional Insights - Nasdaq's engagement with clients in Texas and the broader regulatory environment is crucial for future growth [36] - The company is actively working on corporate reforms to improve the public company experience in the U.S. [36]

Nova Ltd. (NVMI) is set to report its first-quarter 2025 results on May 8.This well-known provider of advanced metrology and process control solutions expects revenues between $205 million and $215 million for the first quarter of 2025. Non-GAAP earnings are anticipated between $2 and $2.16 per share.The Zacks Consensus Estimate for first-quarter 2025 revenues is pegged at $210.4 million, indicating growth of 48.38% from the year-ago quarter’s reported figure. The consensus mark for first-quarter earnings i ...