NEW YORK, July 10, 2025 /PRNewswire/ -- Genpact (NYSE: G) will report its financial results for the second quarter ended June 30, 2025 after the close of the U.S. financial markets on Thursday, August 7, 2025. Following the release, Genpact's management team will host a conference call at 5:00 p.m. ET to discuss the company's performance.Participants are encouraged to register in advance to receive a dial-in number and unique PIN for seamless access. While early log-in is recommended, registration and acces ...

Core Insights - Genpact has been included in TIME's America's Best Midsize Companies 2025 list, marking its second recognition, which highlights the company's commitment to innovation, employee satisfaction, and sustainability transparency [1][2] Group 1: Company Recognition - Genpact's inclusion in the TIME list reflects its strong performance in revenue growth, employee satisfaction, and sustainability transparency, which are critical parameters for scoring [1][2] - The company operates within a revenue range of $100 million to $10 billion, as highlighted by the TIME and Statista collaboration [2] Group 2: Leadership Statements - Balkrishan "BK" Kalra, President and CEO of Genpact, emphasized the importance of a dynamic and inclusive employee culture, sustained innovation, and exceptional client value as key factors for this recognition [2] Group 3: Company Overview - Genpact is described as an advanced technology services and solutions company that aims to deliver lasting value for enterprises globally through operational excellence and cutting-edge solutions [3] - The company leverages data, technology, and AI to drive innovation and create future solutions [3]

Core Viewpoint - A class action lawsuit has been filed against Petco Health and Wellness Company, Inc. and certain officers for alleged violations of federal securities laws during the Class Period from January 14, 2021, to June 5, 2025, seeking damages for misleading statements regarding the company's business and financial performance [1][8]. Company Overview - Petco is a specialty retailer offering a variety of pet products and services, including consumable and non-consumable products, as well as in-store veterinary and grooming services [4]. - A key business metric for Petco is comparable sales, which measures the change in period-over-period net sales from physical locations and digital sites [4]. Financial Performance and Misrepresentation - Petco claimed to benefit from pandemic-related tailwinds, including increased pet adoption rates, and positioned itself as a health-focused pet company capitalizing on trends of "pet humanization" and "premiumization" [5]. - However, as these pandemic-related tailwinds diminished, Petco's sales and profitability metrics began to decline significantly, with a notable downturn in mid-2023 [6]. - Despite worsening financial conditions, Petco's management continued to affirm optimistic financial guidance for FY 2023, including adjusted EBITDA of $520 million to $540 million and adjusted EPS of $0.40 to $0.48 [7]. Class Action Allegations - The complaint alleges that Petco's management made materially false and misleading statements about the sustainability of its business model and the strength of its product strategy, which were overstated [8]. - Specific allegations include the unsustainability of pandemic-related tailwinds, downplaying the severity of issues affecting sales, and overstating the company's ability to deliver sustainable growth [8]. Recent Financial Disclosures - On August 24, 2023, Petco revised its FY 2023 adjusted EBITDA guidance down to $460 million to $480 million and adjusted EPS to $0.24 to $0.30, leading to a 20.64% drop in stock price [9][10]. - Further negative revisions were made on November 29, 2023, with adjusted EBITDA guidance lowered to approximately $400 million and adjusted EPS to approximately $0.08, resulting in a 28.91% decline in stock price [11][12]. - In March 2024, Petco reported a GAAP net loss of $1.3 billion and acknowledged that its premium product-focused business model was not sustainable [13]. Market Reaction - Following the negative financial disclosures, Petco's stock price experienced significant declines, including a drop to $2.06 per share after the March 2024 results [14]. - On June 5, 2025, Petco reported a 1.3% year-over-year decline in comparable sales, larger than Wall Street estimates, leading to a further 23.2% drop in stock price [17][18].

Core Insights - Genpact has been recognized in the TIME World's Best Companies in Sustainable Growth 2025 list, reflecting its strong financial performance and commitment to sustainable business practices [1][2] - The evaluation for this recognition involved 5,700 companies assessed across 20 key performance indicators, with the final ranking of 500 companies based on criteria such as revenue growth, profitability, carbon footprint, water consumption, waste output, and reliance on green energy [2][4] - The company emphasizes a culture of sustainability, investing in upskilling its workforce to drive innovation and deliver purpose-driven work [3][4] Company Performance - Genpact's inclusion in the sustainable companies list highlights its exceptional global talent and the impact of its responsible business practices [1][3] - The company has also been recognized as one of the 2025 World's Most Ethical Companies by Ethisphere for the seventh time and has appeared on Forbes' World's Best Employers list for four consecutive years [4] Commitment to Sustainability - Sustainability is a core aspect of Genpact's culture, with continuous investments in employee development and advanced technologies to help clients achieve sustainable growth objectives [3][4] - The company aims to create lasting value for enterprises globally through operational excellence and innovative solutions [5]

Core Insights - Genpact is hosting an Investor Day to discuss its growth model and strategic pivot towards AI and advanced technologies [1][2] - The company aims to integrate advanced technologies into its operations to drive business growth for both clients and itself [2] Company Strategy - Genpact's strategy focuses on becoming an AI-first, data-led innovation company [2] - The leadership emphasizes the importance of combining advanced technologies with operational data to enhance service delivery [2] Financial Outlook - The event will include updates on medium-term financial targets and performance for the second quarter and full year 2025 [1] Client Engagement - Presentations will feature testimonials from clients on how Genpact delivers AI-driven value [2]

Reaffirms Fiscal 2025 Net Sales and Earnings Outlook*SAN DIEGO, June 5, 2025 /PRNewswire/ -- Petco Health and Wellness Company, Inc. (Nasdaq: WOOF) today announced its first quarter 2025 financial results.Q1 2025 Overview Net sales of $1.5 billion decreased 2.3% year over year in line with the company's first quarter outlook Comparable sales decreased 1.3% year over year Gross profit margin expanded approximately 30 basis points to 38.2% as a percentage of net sales Operating Income improved $33.1 million t ...

Three-quarters of companies believe they have an edge on their competition, but many worry siloed data and talent shortages could impede their AI progressLONDON, May 28, 2025 (GLOBE NEWSWIRE) -- Businesses in the UK are making significant changes in the ways they work as they increasingly embed AI throughout their workflows and to scale and maximise ROI, according to new research by EXL [NASDAQ: EXLS], a global data and AI company. An 86% majority of organisations have significantly changed their operating ...

SAN DIEGO, May 27, 2025 (GLOBE NEWSWIRE) -- Robbins LLP reminds stockholders that a class action was filed on behalf of investors who purchased or otherwise acquired Red Cat Holdings, Inc. (NASDAQ: RCAT) securities between March 18, 2022 and January 15, 2025. Red Cat, together with its subsidiaries, provides various products, services, and solutions to the U.S. drone industry. For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. The Allegations: Robbins ...

SHENZHEN, China, May 27, 2025 /PRNewswire/ -- Taoping Inc. (Nasdaq: TAOP, the "Company"), a provider of innovative smart cloud platform services and solutions, today announced that the board of directors of the Company approved a one-for-thirty reverse stock split of the Company's issued and outstanding ordinary shares, no par value (the "Ordinary Shares"). Beginning May 29, 2025, the Company's Ordinary Shares will be trading on a split-adjusted basis under the same symbol "TAOP" but with new CUSIP number, ...

Core Insights - A significant majority of organizations (90%) have altered their operating models to integrate AI, with 39% completely redesigning their workflows [1][2] - Companies anticipate that over half of their processes will incorporate AI within the next year [1] Group 1: AI Adoption and Implementation - More than half (54%) of business leaders feel they are "a little ahead" of competitors in AI implementation, while 22% believe they are "far ahead" [5] - The primary focus for AI technology among business leaders is to improve customer targeting and attraction (50%), followed by enhancing margins and profitability (47%) and reducing operating costs (47%) [5] - Despite rapid adoption of GenAI, approximately 60% of AI initiatives remain in pilot mode, with 73% of organizations acknowledging challenges in improving data capabilities [5] Group 2: Barriers to AI Progress - The most significant barrier to AI adoption is the shortage of skilled talent (31%), followed closely by concerns regarding data privacy and security (30%) and budget constraints (30%) [5] - Only 30% of respondents reported that their company's data is accessible on an enterprise-wide basis, indicating potential data quality issues [5] Group 3: Industry Context - The findings are based on a survey of 290 senior decision-makers across various industries, including banking, finance, insurance, retail, utilities, and healthcare [2][3] - The report emphasizes that the true potential of AI is realized when it is seamlessly integrated into workflows, supported by AI-ready data, appropriate technology, and skilled personnel [3]