Latest news with #InfrastructureasaService
Yahoo
14-06-2025
- Business
- Yahoo
Oracle (ORCL) Hits New All-Time High as Analysts Turn Bullish on Stock
We recently published a list of . In this article, we are going to take a look at where Oracle Corporation (NYSE:ORCL) stands against other best-performing stocks of Friday. Oracle Corp. rallied for a second day on Friday to hit a new all-time high, as investors continued to gobble up shares following optimistic outlooks from investment companies. During intraday trading, Oracle Corporation (NYSE:ORCL) touched its highest price of $216.59, before a slight pullback to end the day just up by 7.69 percent at $215.22. A team of IT professionals meticulously crafting a large-scale enterprise performance management system. On Thursday, UBS raised its price target for Oracle Corporation (NYSE:ORCL) to $225 from $200 previously while maintaining a 'buy' recommendation, on the back of the company's 100-percent backlog growth to over $275 billion in fiscal year 2026, which it described as 'extraordinary.' For its part, Cantor Fitzgerald raised its price target for Oracle Corporation (NYSE:ORCL) to $216 from $175 previously, while maintaining an 'overweight' rating on the stock following the latter's 70-percent growth expectations in its Infrastructure as a Service (Iaas) in fiscal year 2026, exceeding the 60-percent growth as expected by analysts. Meanwhile, DA Davidson gave the company the most conservative price target increase of $170, albeit higher than the $140 target previously. It also reaffirmed its 'neutral' rating on the stock, citing accelerated growth in Oracle Cloud Infrastructure (OCI). While we acknowledge the potential of ORCL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Mid East Info
30-05-2025
- Business
- Mid East Info
Alibaba Group and SAP Announce Strategic Partnership to Accelerate AI-Powered Digital Transformation - Middle East Business News and Information
Alibaba Group NYSE: BABA and HKEX: 9988 and SAP SE (NYSE: SAP)announced a strategic partnership to jointly accelerate enterprise innovation and digital transformation through advanced cloud and AI technologies. The partnership combines SAP ' s industry-leading enterprise software with Alibaba Cloud ' s secure, scalable cloud infrastructure and cutting-edge AI capabilities. Alibaba Cloud will be part of the latest SAP Infrastructure as a Service (IaaS) Certification Program, to fully support customers running SAP's enterprise cloud solutions. Alibaba Group will also leverage SAP Cloud ERP Private for its enterprise infrastructure as part of the collaboration. The collaboration will initially focus on the China market and rollout is planned for Southeast Asia, the Middle East and Africa to enable enterprises to implement SAP Integrated Business Planning (IBP) and embark on their RISE with SAP and GROW with SAP journeys. With Alibaba Cloud as a certified hyperscaler for SAP workloads, enterprises will also be able to deploy SAP Cloud ERP and SAP Cloud ERP Private solutions on Alibaba Cloud ' s infrastructure. The global IaaS market is projected to grow from $190.32 billion in 2025 to $712.46 billion by 2032, at a CAGR of 20.8% Infrastructure as a Service [IaaS] Market Share & Growth, 2032 with the Middle East region, according to leading consulting firms, set to account for 2–4% of the global IaaS market, which would translate to approximately $3.8 to $7.6 billion in 2025. The two companies also plan to establish a joint go-to-market approach to serve global businesses across industries with scalable and intelligent solutions tailored to local needs. Alibaba Group also plans to deploy SAP Business AI, SAP Business Technology Platform, SAP Ariba, SAP Integrated Business Planning, SAP SuccessFactors, SAP Concur, and SAP Emarsys solutions to further optimize its technological backbone, ensuring greater agility and resilience in serving its vast ecosystem of businesses and consumers. The partnership also marks a significant step forward in enterprise AI integration. SAP is exploring the integration of Alibaba ' s large language model, Qwen, to the SAP generative AI hub in SAP AI Core in China, to enable enterprise users to access localized generative AI capabilities within SAP ' s applications and Custom AI applications. SAP is also exploring the deployment of its SAP AI Foundation on Alibaba Cloud to bring powerful, scalable AI tools to customers operating in China. 'Our collaboration with SAP reinforces our commitment to empowering global businesses with world-class technologies,' said Joe Tsai, Chairman of Alibaba Group. 'By combining SAP's enterprise software with Alibaba Cloud's robust infrastructure and AI capabilities, we are enabling customers to build smarter, more agile operations.' 'Our collaboration with Alibaba Group is a testament to the power and flexibility of SAP's cloud solutions,' said Christian Klein, CEO of SAP SE. 'Our joint go-to-market strategy can unlock new opportunities for enterprises by providing them with access to a comprehensive suite of tools and services. Together, we can help our joint customers drive innovation, improve operational performance, and create new competitive advantages, and we look forward to working with Alibaba to shape the future of cloud-powered digital transformation.'
Yahoo
15-05-2025
- Business
- Yahoo
NSIT Q1 Earnings Call: Guidance Maintained Despite Weak Services Demand and Tariff Headwinds
IT solutions integrator Insight Enterprises (NASDAQ:NSIT) missed Wall Street's revenue expectations in Q1 CY2025, with sales falling 11.6% year on year to $2.1 billion. Its non-GAAP profit of $1.96 per share was 2.7% below analysts' consensus estimates. Is now the time to buy NSIT? Find out in our full research report (it's free). Revenue: $2.1 billion vs analyst estimates of $2.24 billion (11.6% year-on-year decline, 5.9% miss) Adjusted EPS: $1.96 vs analyst expectations of $2.01 (2.7% miss) Adjusted EBITDA: $111.3 million vs analyst estimates of $125 million (5.3% margin, 11% miss) Management reiterated its full-year Adjusted EPS guidance of $9.90 at the midpoint Operating Margin: 2.9%, down from 4.2% in the same quarter last year Free Cash Flow Margin: 3.4%, down from 10.1% in the same quarter last year Market Capitalization: $4.33 billion Insight Enterprises reported a year-over-year decline in both revenue and profitability in Q1, as management cited continued challenges with large enterprise client demand, delayed services projects, and ongoing impacts from partner program changes. CEO Joyce Mullen highlighted that while hardware demand showed early signs of recovery, services revenue underperformed due to client caution and project delays, and on-premises software faced difficult comparisons from large deals in the prior year. Looking forward, management reiterated its full-year adjusted EPS guidance, emphasizing confidence in improving hardware demand, expanding AI-related engagements, and disciplined cost management. Mullen noted that the company expects a stronger second half, with improving services attached to hardware sales and increasing adoption of AI and cloud solutions, but cautioned that macroeconomic volatility and tariff risks could continue to weigh on client budgets and project timing. Q1 performance at Insight Enterprises reflected uneven demand across segments, with hardware showing early momentum and services lagging expectations. Management pointed to macroeconomic uncertainty, shifting client priorities, and legacy partner program changes as key factors impacting the quarter. Hardware demand recovering: Hardware revenue grew modestly, led by server and device sales, as commercial and corporate clients began upgrading aging infrastructure. Management expects this trend to support hardware sales through the year. Services project delays: Large enterprise clients postponed services projects due to market uncertainty, leading to a 2% decline in Insight Core services revenue. Management is adopting methodologies from recent acquisitions to improve project scoping and delivery speed. Cloud business realignment: Cloud gross profit was flat, as growth in SaaS and Infrastructure as a Service was offset by declines in legacy Microsoft and Google Cloud contracts. The company is shifting its cloud focus from large enterprises to mid-market and corporate clients. Tariff and supply chain preparedness: Management is monitoring trade policy changes and has increased the frequency of price adjustments to mitigate supply chain and tariff risks. They noted that moderate tariffs have historically been manageable, but larger increases could dampen demand. AI as a long-term driver: While current AI project revenue remains small, Insight is investing in AI capabilities and highlighted early client wins, such as automating creative workflows and unifying customer data, to position for long-term growth. Management maintains a cautious but optimistic outlook, expecting hardware momentum and improving services attachment to offset ongoing macro and client spending headwinds for the remainder of the year. Hardware upgrades and device refresh: An aging installed base and Windows 11 rollouts are expected to drive continued hardware demand, especially as clients prioritize infrastructure modernization. Services improvement tied to hardware: Management anticipates that as hardware bookings convert to sales, services revenue will recover, particularly through better project execution and integration of acquisition-driven methodologies. Tariff and macroeconomic risks: The company highlighted that further increases in tariffs or a worsening macro environment could pressure demand and client capital allocation, representing a key uncertainty in the outlook. Joseph Cardoso (JPMorgan): Asked how management balances optimism in full-year guidance with increasing macro and tariff headwinds. Management pointed to hardware and AI interest, but cautioned their outlook assumes no major macro deterioration. Adam Tindle (Raymond James): Inquired about OEM pricing actions in response to tariffs and potential impacts on demand elasticity. Management noted only minor price increases so far, with most cost increases passed to clients unless tariffs rise significantly. Adam Tindle (Raymond James): Pressed for detail on continued weakness in services and what is being done to address it. Management cited a lag between hardware sales and services, plus ongoing consulting business retooling and acquisition integration. Harry Read (Redburn): Asked about the impact of Microsoft commission changes and current headcount strategy. Management said cloud results aligned with expectations and that SG&A discipline remains a focus, with capacity preserved for sales and technical staff. Vincent Colicchio (Barrington Research): Queried contingency plans if the market slows further, such as offshoring and automation. Management confirmed a playbook for cost management, with more room to offshore and automate SG&A functions if needed. In the next few quarters, the StockStory team will be monitoring (1) hardware demand momentum and whether device and server upgrades continue, (2) the pace of services revenue recovery as hardware sales are converted into project work, and (3) the impact of tariffs and supply chain volatility on pricing and client purchasing patterns. Progress in scaling AI-driven solutions and the success of cost management initiatives will also be key signposts for execution. Insight Enterprises currently trades at a forward P/E ratio of 13.5×. Should you double down or take your chips? The answer lies in our free research report. Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,754% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
