Q1 2026 Supplemental Information Progress Financial Results March 30, 2026 Forward Looking Statements This presentation contains statements that are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Progress has identified some of these forward-looking statements with words like "believe," "may," "could," "would," "might," "should," "expect," "intend," "plan," "target," "anticipate" an ...

The non-GAAP financial information is presented for supplemental informational purposes only and is not intended to be considered in isolation or as a substitute for, or superior to, financial information prepared and presented in accordance with GAAP. There are material limitations associated with the use of non-GAAP financial measures since they exclude significant expenses and income that are required by GAAP to be recorded in Blend's financial statements. Please see the reconciliation tables at the end ...

Core Viewpoint - Science Applications International Corp. (SAIC) is set to release its fourth quarter fiscal year 2026 results on March 16, 2026, before market opening, followed by a conference call to discuss operational and financial results [1] Group 1: Financial Results Announcement - SAIC will issue its fourth quarter fiscal year 2026 results before the market opens on March 16, 2026 [1] - A conference call will take place at 10:00 a.m. EDT to discuss the results [1] - The conference call will be available via webcast only, with no dial-in access provided [2] Group 2: Company Overview - SAIC is a Fortune 500 mission integrator focused on technology and innovation across defense, space, civilian, and intelligence markets [3] - The company has a workforce of approximately 24,000 and annual revenues of about $7.5 billion [4] - SAIC integrates emerging technology into mission-critical operations to support national imperatives [3][4]

Core Insights - Allot Ltd. (ALLT) reported better-than-expected fourth-quarter 2025 results, with both revenue and earnings exceeding the Zacks Consensus Estimate [1][7] Financial Performance - Allot's fourth-quarter non-GAAP earnings were 8 cents per share, surpassing the Zacks Consensus Estimate by 14.3%, compared to 5 cents per share in the same period last year [1][7] - The company's fourth-quarter revenues reached $28.4 million, exceeding the Zacks Consensus Estimate by 1.7% and reflecting a 14% increase from $24.9 million in the year-ago quarter [2][7] Segment Performance - Revenues from Security as a Service (SECaaS) were $8.1 million, contributing 28% to total revenues, marking a significant increase of 68.8% year-over-year [3] - Product sales amounted to $8.4 million, representing 30% of total revenues, up 71.4% from the prior-year quarter [3] - Professional Services generated $2.9 million, contributing 10% to total revenues, with a year-over-year increase of 3.6% [3] - Support & Maintenance sales were $9 million, accounting for 32% of total revenues, but decreased by 28% from the prior-year quarter [4] Profitability Metrics - Non-GAAP gross profit increased by 18% year-over-year to $20.4 million, with gross margin expanding by 220 basis points to 71.9% [4] - Non-GAAP operating income rose to $3.6 million from $1.8 million in the year-ago quarter, with operating margin expanding by 550 basis points to 12.7% [4] Balance Sheet and Cash Flow - As of December 31, 2025, Allot had cash and cash equivalents of $88 million, up from $81 million as of September 30, 2025 [5] - The company generated $8.1 million in operating cash flow during the fourth quarter of 2025, totaling $17.8 million for the year [5] Future Guidance - For 2026, Allot expects revenues to be in the range of $113-$117 million, with the Zacks Consensus Estimate at $115.21 million, indicating a year-over-year growth of 13.3% [6] - The consensus estimate for earnings per share in 2026 is 28 cents, revised upward by 3 cents over the past 60 days, suggesting a year-over-year increase of 24.3% [6]

Core Insights - C3.ai, Inc. reported disappointing third-quarter results for fiscal 2026, with earnings and revenues falling short of expectations, leading to a 21.7% drop in stock price during after-market trading [1][4]. Financial Performance - The company experienced a significant year-over-year decline in total revenues, primarily due to reduced contributions from Subscription and Professional Services [2]. - Adjusted loss per share was 40 cents, worse than the expected loss of 29 cents, and revenues were $53.26 million, missing the consensus estimate by 29.8% and down 46.1% year over year [4][10]. - Subscription revenues fell to $48.2 million from $85.7 million in the previous year, while Professional Services revenues dropped 61.1% to $5.1 million [5]. - Adjusted gross profit decreased to $19.6 million from $68.2 million, with gross margins contracting to 37% from 69% [6]. Operational Highlights - The Federal segment showed strength, with bookings in Federal, Defense, and Aerospace increasing by 134% year over year, accounting for 55% of total bookings [3][10]. - The company is undertaking restructuring actions to enhance operational efficiency and reduce cash burn, aiming for a return to growth and non-GAAP profitability [3]. Cash Flow and Balance Sheet - As of the end of the fiscal third quarter, C3.ai had cash and cash equivalents of $88.8 million, down from $164.4 million at the end of fiscal 2025 [7]. - Net cash used in operating activities was $135.8 million for the first nine months of fiscal 2026, compared to $52.7 million in the same period last year [8]. Future Guidance - For the fourth quarter of fiscal 2026, the company expects revenues between $48 million and $52 million, a significant decrease from $108.7 million reported in the same quarter last year [9]. - Full-year revenue guidance for fiscal 2026 has been lowered to between $246.7 million and $250.7 million, down from previous expectations of $289.5 million to $309.5 million [11].

Core Insights - The company has achieved a significant milestone with over 70% of its earnings now coming from resilient professional services businesses [1] - Growth in Capital Markets is attributed to a rebound in the US market, driven by strategic recruiting and increased multi-market connectivity despite a slow broader recovery [1] - The Ayesa acquisition is positioned as a unique opportunity to scale the engineering segment into a top 30 global firm, expanding its presence in Europe, Latin America, and the Middle East [1] - AI is framed as a productivity enabler, focusing on automating mundane tasks to allow professionals to prioritize high-value, judgment-based advisory [1] - The company maintains a partnership-based ownership model to ensure management alignment with shareholders while providing permanent capital for acquired firms to scale [1] - Leasing activity remains steady, with growth led by specific demand in office, industrial, and data center asset classes [1]

Core Insights - Science Applications International Corp (SAIC) will participate in the Cowen and Company 47th Annual Aerospace & Defense Conference, highlighting its role in the digital transformation across various sectors [1] - SAIC's Chief Financial Officer, Prabu Natarajan, will present the company's strategic and financial outlook during a Q&A session on February 11 [2] Company Overview - SAIC is a Fortune 500 mission integrator focused on technology and innovation to serve defense, space, intelligence, and civilian markets [3] - The company has a diverse portfolio that includes secure high-end solutions in mission IT, enterprise IT, engineering services, and professional services [3] - SAIC employs approximately 24,000 people and has annual revenues of around $7.5 billion [4]

Financial Data and Key Metrics Changes - Net sales grew 24.6% to $615 million, with product sales increasing 32.2% year-over-year, driven by strong performance in data center and cloud, networking, and security [5][12] - Net earnings from continuing operations increased 129.3% to $33.4 million, with adjusted EBITDA rising 97% to $53.4 million, reflecting a margin of 8.7%, which is 320 basis points higher than the same period last year [9][17] - Year-to-date consolidated net sales increased 22.2% to $1.86 billion, with net earnings from continuing operations totaling $98.7 million, a 68.5% increase from the previous year [18] Business Line Data and Key Metrics Changes - Product revenue grew 32.2% year-over-year to $501.9 million, while service revenue totaled $112.8 million, slightly down from $113.6 million in the prior year [12] - Managed services revenue grew 10.5%, driven by demand for cloud and enhanced maintenance support, while professional services revenue declined 7.8% due to project delays in the retail sector [12][29] - Security gross billings for products and services grew 16.4% year-over-year, with a 27.6% increase over the trailing twelve months, as customers prioritize cybersecurity investments [8] Market Data and Key Metrics Changes - The company saw growth across all customer size segments, with particularly strong performance in the mid-market and enterprise space [4] - Telecom, media, and entertainment accounted for 27% of net sales on a trailing twelve-month basis, while technology, SLED, and healthcare each accounted for 13% [13] Company Strategy and Development Direction - The company is focused on expanding its solutions portfolio, growing professional and managed services capabilities, and extending geographic reach [10] - The strategy emphasizes AI, cloud, security, and networking, which are seen as key growth areas [4][10] - The company is evaluating acquisitions and investments to enhance its position in higher growth areas and support long-term vision [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued growth, supported by industry demand trends and financial flexibility [11] - The company raised its full-year guidance for net sales to 20%-22% year-over-year growth, up from mid-teens, and adjusted EBITDA growth is now expected to be 41%-43% [22][23] - Potential near-term risks include an industry-wide memory shortage, which could impact customer deployments [23] Other Important Information - The company repurchased over 200,000 shares during the quarter and announced a quarterly dividend of $0.25 per common share [5][20] - Cash and cash equivalents at quarter end totaled $326.3 million, down from $389.4 million at the end of the last fiscal year [19] Q&A Session Summary Question: Nature of outsized projects from enterprise customers - Management noted that mid-market customers had the biggest growth, with some large enterprise customers contributing significantly to Q3 performance, but they do not expect to replicate this in Q4 [26][27] Question: Professional services project delays - Management expects project delays from retail customers to materialize in fiscal 2027, attributing the decline in professional services revenue to these delays and a tough comparison to last year's growth [28][29] Question: Inventory build and project timing - Management indicated that inventory levels are expected to remain inflated in the next several quarters due to increased demand and fluctuating projects [34] Question: Impact of AI on business - Management highlighted that AI is now seen as a tailwind, driving growth in data center, cloud, and networking areas, with customers defining use cases to leverage AI capabilities [36][38] Question: Importance of integrated solutions - Management emphasized that offering integrated solutions across AI, cloud, and networking is a key differentiator, as customers prefer to work with fewer strategic vendors [39]

Core Insights - Accenture reported first-quarter results that exceeded Wall Street expectations, with revenue growth at the upper end of guidance and strong new bookings, despite a more than 2% decline in shares intra-day [1] Financial Performance - Adjusted earnings per share for the quarter ended November 30, 2025, were $3.94, surpassing analyst estimates of $3.74 [2] - Revenue reached $18.7 billion, reflecting a 5% growth in local currency and a 6% growth in U.S. dollars year over year, exceeding the consensus forecast of $18.51 billion [2] New Bookings and Demand - New bookings increased by 10% in local currency to $20.9 billion, which included $2.2 billion in advanced AI-related bookings [3] - The company reported 33 clients with quarterly bookings exceeding $100 million each, indicating strong demand across its service offerings [3] Profitability and Cash Flow - Adjusted operating margin expanded by 30 basis points to 17.0% [3] - Free cash flow totaled $1.5 billion, and the company returned $3.3 billion to shareholders through dividends and share repurchases during the quarter [3] Future Outlook - For fiscal 2026, Accenture maintained its revenue growth outlook of 2% to 5% in local currency, with an expected range of 3% to 6% when excluding an estimated 1% impact from its U.S. federal business [4] - The company reaffirmed its adjusted earnings guidance of $13.52 to $13.90 per share, aligning broadly with the consensus estimate of $13.77 [4]

Core Insights - Science Applications International Corporation (SAIC) has appointed Ravi Dankanikote as the Chief Growth Officer, effective immediately, reporting to Interim CEO Jim Reagan [1][2] - Dankanikote has over 30 years of experience in growth leadership within the government contracting space, recognized for his customer-centric business development approach [2][3] - His previous roles include Senior Vice President for Business Development at SAIC and Chief Growth Officer at Peraton, with a long tenure at CACI [3][4] Company Strategy - In his new role, Dankanikote will lead SAIC's enterprise growth strategy and go-to-market approach, focusing on aligning growth investments with long-term enterprise goals [2][4] - The company aims to implement a simplified organizational structure to enhance focus on key opportunities, thereby increasing value for customers and growth for shareholders [4] Market Position - SAIC is positioned as a leader in the defense, space, intelligence, and civilian markets, with a robust portfolio that includes mission IT, enterprise IT, engineering services, and professional services [6][7] - The company has annual revenues of approximately $7.5 billion and employs around 24,000 people [7]