Latest news with #ManagedServices
Yahoo
19 hours ago
- Business
- Yahoo
Accenture Earnings Beat Estimates in Q3, Revenues Increase Y/Y
Accenture plc ACN has reported impressive third-quarter fiscal 2025 results, wherein earnings and revenues surpassed the Zacks Consensus Estimates. ACN's earnings were $3.49 per share, beating the Zacks Consensus Estimate by 5.8%. The metric increased 11.5% from the year-ago quarter. Total revenues of $17.7 billion beat the consensus estimate by 2.6% and rose 7.7% on a year-over-year basis. The company's shares have declined marginally in the past year compared with the industry's and Zacks S&P 500 composite's 8.3% and 10.3% growth, respectively. Accenture PLC price-consensus-eps-surprise-chart | Accenture PLC Quote Based on the type of work, managed services' revenues of $8.7 billion increased 9% from the year-ago quarter on a reported basis and in local currency, surpassing our estimate of $8.5 billion. Consulting revenues gained 7% year over year on a reported basis and 6% in local currency to $9 billion, beating our estimate of $8.7 billion. Segment-wise, health and public service revenues of $3.8 billion grew 7% from the year-ago quarter on a reported basis and in local currency. The figure beat our estimation of $3.7 billion. Revenues from the resources segment amounted to $2.4 billion, rising 5% from the year-ago quarter on a reported and 4% on a local currency basis. The figure met our estimate. Revenues from the product segment amounted to $5.3 billion, increasing 7% year over year on a reported basis and a local currency basis. The figure outpaced our estimation of $5.2 billion. Communications, media and technology revenues of $2.9 billion increased 5% year over year on a reported basis and in terms of local currency, outpacing our estimate of $2.8 billion. Financial services revenues of $3 billion grew 13% from the year-ago quarter on a reported basis and in local currency. The figure met our projected figure. Geographically, revenues of $8.9 billion from the Americas rose 8% from the year-ago quarter on a reported basis and 9% on a local currency basis. The figure beat our estimation of $8.7 billion. Revenues of $6.2 billion from the EMEA gained 8% on a reported basis and 6% in local currency, beating our estimate of $6 billion. Revenues of $2.5 billion from the Asia Pacific increased 5% year over year on a reported basis and gained 4% in local currency, surpassing our estimate of $2.4 billion. The company reported bookings worth $19.7 billion in the third quarter of fiscal 2025, decreasing 6% from the year-ago quarter on a reported basis and 7% in local currency. Consulting bookings were $9.1 billion and managed services bookings were $10.6 billion. The gross margin (gross profit as a percentage of net revenues) for the third quarter of fiscal 2025 was 32.9%, down 50 basis points (bps) from the year-ago quarter. Adjusted operating income was $2.2 billion, flat with the year-ago quarter. The adjusted operating margin of 16.8% moved down 40 bps from third-quarter fiscal 2025. ACN exited third-quarter fiscal 2025 with cash and cash equivalents of $9.6 billion compared with $8.5 billion at the end of first-quarter fiscal 2025. The company generated $3.7 billion in cash from operating activities. Capital expenditure in the reported quarter was $169.1 million. The free cash flow was $3.5 billion. Accenture repurchased 6 million shares for $1.8 billion, including 5.7 million shares repurchased in the open market. The company paid out a dividend of $924 million in the third quarter of fiscal 2025. For the fourth quarter of fiscal 2025, the company hiked its revenue guidance to $17-$17.6 billion from the preceding quarter's view of $16.9-$17.5 billion. The mid-point ($17.3 billion) of the guided range is higher than the Zacks Consensus Estimate of $17.1 billion. For fiscal 2025, ACN updated its revenue growth guidance to 6-7% compared with the preceding quarter's view of 5-7% in local currency. The company's expectation for operating cash flow is raised to $9.6 billion to $10.3 billion from the previous quarter's view of $9.4-$10.1 billion. The free cash flow expectation is raised to $9 billion to $9.7 billion compared with the preceding quarter's view of $8.8 billion and $9.5 billion. Accenture carries a Zacks Rank #3 (Hold) at present. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Fiserv, Inc. FI posted mixed first-quarter 2025 results. FI's adjusted earnings per share of $2.14 beat the consensus mark by 2.9% and gained 13.8% year over year. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.) Adjusted revenues of $4.8 billion missed the consensus estimate by 1.6% but gained 5.5% on a year-over-year basis. Corpay, Inc. CPAY reported mixed first-quarter 2025 results. CPAY's earnings per share of $4.51 surpassed the consensus estimate by a slight margin and increased 10% year over year. The total revenues of $1 billion missed the consensus estimate by a slight margin but gained 7.5% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Accenture PLC (ACN) : Free Stock Analysis Report Fiserv, Inc. (FI) : Free Stock Analysis Report Corpay, Inc. (CPAY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
14-05-2025
- Business
- Yahoo
IZEA Worldwide Inc (IZEA) Q1 2025 Earnings Call Highlights: Revenue Growth Amid Strategic Cost ...
Total Revenue: $8 million, a 14.6% increase over the prior year quarter. Managed Services Revenue: $7.9 million, up 18.1% year-over-year. Managed Services Bookings: $7.5 million, down from $9.3 million in the prior year quarter. SaaS Revenue: $60,953, compared to $256,341 in the prior year quarter. Total Cost of Revenue: $4.4 million, representing 55.2% of revenue. Expenses Other Than Cost of Revenue: $4.2 million, a 40% decline from the prior year. Sales and Marketing Costs: $1.1 million, a 63.3% decrease year-over-year. General and Administrative Costs: $2.9 million, a 22.3% decline from the prior year. Net Loss: $142,800 or negative $0.01 per share. Adjusted EBITDA: Negative $76,850, compared to negative $3.4 million in the prior year quarter. Cash and Investments: $52.2 million as of March 31, 2025. Interest Income: $0.5 million earned on investments during the quarter. Stock Buyback: $1.2 million invested in repurchasing 469,211 shares since September 2024. Warning! GuruFocus has detected 4 Warning Signs with IZEA. Release Date: May 13, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Total revenue for the first quarter of 2025 increased by 14.6% compared to the prior year quarter. Managed services revenue grew by 18.1% over the prior year quarter, with a 27.6% increase when excluding Hoozu revenue. The company significantly reduced expenses, with a 40% decline in costs other than the cost of revenue compared to the prior year's quarter. Net loss decreased significantly to $142,800 from $3.3 million in the prior year quarter, showing improved financial performance. The company has a strong cash position with $52.2 million in cash and investments, and no debt on the balance sheet. Managed services bookings declined to $7.5 million from $9.3 million in the prior year's first quarter. SaaS revenue saw a significant decline, dropping to $60,953 from $256,341 in the same quarter of the prior year. The company experienced a net loss of $142,800, indicating it is still not profitable. Adjusted EBITDA was negative $76,850, although improved from the prior year, it still reflects a loss. The company had to implement targeted workforce reductions and pause advertising spend to manage costs. Q: Peter, could you elaborate on where you think gross margins might be for the remainder of the year? A: Peter Biere, Chief Financial Officer, responded that while they are not providing guidance, margins are expected to remain stable within a range. They have cleared out some low-margin items, which should help maintain stability. Q: Are the cost-cutting measures essentially over, and is this a good level for going forward? A: Peter Biere explained that some cost reductions are structural, particularly in headcount, which is their largest expense. They aim to grow revenue faster than costs and may add staff in the summer and fall, but the current cost structure is expected to be stable for the year. Q: Are you seeing any evidence that clients are pulling back on advertising dollars due to economic uncertainty? A: Patrick Venetucci, Chief Executive Officer, noted that while there is global uncertainty, their pipeline is growing with higher-quality clients and larger deal sizes. Some clients see their services as a flexible marketing option that can be adjusted more readily than other media investments. Q: Can you elaborate on your M&A opportunities and whether valuations are within your comfort zone? A: Patrick Venetucci stated that they are preparing organizationally for potential M&A and have received unsolicited inquiries. They are building relationships with investment bankers and will pursue opportunities that align with their strategic goals without overpaying. Q: What is the rationale behind the share buyback program? A: Patrick Venetucci explained that they believe their shares are undervalued, which is why they are continuing with the $10 million share repurchase program. They plan to initiate a tender offer to complete the buyback, reflecting confidence in the company's future value creation opportunities. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. 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
Yahoo
14-05-2025
- Business
- Yahoo
IZEA Worldwide Inc (IZEA) Q1 2025 Earnings Call Highlights: Revenue Growth Amid Strategic Cost ...
Total Revenue: $8 million, a 14.6% increase over the prior year quarter. Managed Services Revenue: $7.9 million, up 18.1% year-over-year. Managed Services Bookings: $7.5 million, down from $9.3 million in the prior year quarter. SaaS Revenue: $60,953, compared to $256,341 in the prior year quarter. Total Cost of Revenue: $4.4 million, representing 55.2% of revenue. Expenses Other Than Cost of Revenue: $4.2 million, a 40% decline from the prior year. Sales and Marketing Costs: $1.1 million, a 63.3% decrease year-over-year. General and Administrative Costs: $2.9 million, a 22.3% decline from the prior year. Net Loss: $142,800 or negative $0.01 per share. Adjusted EBITDA: Negative $76,850, compared to negative $3.4 million in the prior year quarter. Cash and Investments: $52.2 million as of March 31, 2025. Interest Income: $0.5 million earned on investments during the quarter. Stock Buyback: $1.2 million invested in repurchasing 469,211 shares since September 2024. Warning! GuruFocus has detected 4 Warning Signs with IZEA. Release Date: May 13, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Total revenue for the first quarter of 2025 increased by 14.6% compared to the prior year quarter. Managed services revenue grew by 18.1% over the prior year quarter, with a 27.6% increase when excluding Hoozu revenue. The company significantly reduced expenses, with a 40% decline in costs other than the cost of revenue compared to the prior year's quarter. Net loss decreased significantly to $142,800 from $3.3 million in the prior year quarter, showing improved financial performance. The company has a strong cash position with $52.2 million in cash and investments, and no debt on the balance sheet. Managed services bookings declined to $7.5 million from $9.3 million in the prior year's first quarter. SaaS revenue saw a significant decline, dropping to $60,953 from $256,341 in the same quarter of the prior year. The company experienced a net loss of $142,800, indicating it is still not profitable. Adjusted EBITDA was negative $76,850, although improved from the prior year, it still reflects a loss. The company had to implement targeted workforce reductions and pause advertising spend to manage costs. Q: Peter, could you elaborate on where you think gross margins might be for the remainder of the year? A: Peter Biere, Chief Financial Officer, responded that while they are not providing guidance, margins are expected to remain stable within a range. They have cleared out some low-margin items, which should help maintain stability. Q: Are the cost-cutting measures essentially over, and is this a good level for going forward? A: Peter Biere explained that some cost reductions are structural, particularly in headcount, which is their largest expense. They aim to grow revenue faster than costs and may add staff in the summer and fall, but the current cost structure is expected to be stable for the year. Q: Are you seeing any evidence that clients are pulling back on advertising dollars due to economic uncertainty? A: Patrick Venetucci, Chief Executive Officer, noted that while there is global uncertainty, their pipeline is growing with higher-quality clients and larger deal sizes. Some clients see their services as a flexible marketing option that can be adjusted more readily than other media investments. Q: Can you elaborate on your M&A opportunities and whether valuations are within your comfort zone? A: Patrick Venetucci stated that they are preparing organizationally for potential M&A and have received unsolicited inquiries. They are building relationships with investment bankers and will pursue opportunities that align with their strategic goals without overpaying. Q: What is the rationale behind the share buyback program? A: Patrick Venetucci explained that they believe their shares are undervalued, which is why they are continuing with the $10 million share repurchase program. They plan to initiate a tender offer to complete the buyback, reflecting confidence in the company's future value creation opportunities. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. 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
Tahawul Tech
12-05-2025
- Business
- Tahawul Tech
DXC Technology partners with SAP and Microsoft to simplify ‘enterprise transformation'
DXC Technology has announced the launch of DXC Complete with SAP and Microsoft to provide SAP customers with an accelerated path to modernization in a bid to simplify enterprise transformation. As DXC's Managed Service Provider (MSP) offering, DXC Complete provides enterprises with a seamless approach to adopting the RISE with SAP and GROW with SAP journeys and SAP Business AI solutions on Microsoft Azure with single contract and flexible pricing models. Through streamlined transformation — like moving to SAP S/4HANA Cloud — customers can optimize operations and achieve sustainable growth. 'Businesses today are challenged by growing technical complexity and increasing costs associated with maintaining legacy IT systems. DXC Complete with SAP and Microsoft allows us to simplify technology landscapes, reduce technical debt, and accelerate innovation for our clients,' said Keith Costello, Global Managing Director and Lead of Applications, DXC Consulting and Engineering Services at DXC. 'By leveraging DXC's expertise and proven capabilities in SAP, cloud, and managed services, we provide customers with a streamlined approach to SAP modernization with scalability, security, and operational excellence.' 'With this collaboration, we look forward to helping customers simplify and accelerate business transformation together with SAP's leading cloud suite, enriched with SAP Business AI capabilities on Microsoft Azure and DXC's deep domain and industry expertise in managed services,' said Peter Pluim, President, Enterprise Cloud Services, SAP SE. DXC Complete delivers end-to-end cloud migration for SAP environments — enabling seamless migration, business process optimization, application management, and continuous improvement of SAP workloads. Customers can leverage RISE with SAP, GROW with SAP, and SAP Business AI on Microsoft Azure with single, flexible consumption models to help lower costs and simplify management. Key highlights of DXC Complete with SAP and Microsoft include: End-to-End Cloud Services from SAP – DXC delivers fully managed SAP solutions covering the entire lifecycle — from advisory and migration to modernization and ongoing support — ensuring smooth integration and transformation across SAP cloud environments. Improved Efficiency and Faster Innovation – Flexible pricing options like subscriptions, pay-as-you-go, bundled services, and unified billing help reduce costs and speed up time-to-value. The offering evolves with customer needs, including AI and cloud-native capabilities. Industry-Specific SAP Expertise – With a global team of 50,000+ engineers and consultants, DXC tackles some of the biggest challenges across industries, providing tailored SAP solutions that can help solve real-world challenges and deliver measurable results. – With a global team of 50,000+ engineers and consultants, DXC tackles some of the biggest challenges across industries, providing tailored SAP solutions that can help solve real-world challenges and deliver measurable results. Built-In Microsoft Azure Integration – Combining SAP Business AI with Microsoft Azure's AI and analytics tools, DXC enables intelligent automation, predictive insights, and streamlined processes. SAP data is seamlessly connected across Azure, Microsoft 365, Teams, Power BI, and Power Platform to create a smarter, more connected enterprise. 'At Microsoft, we empower customers to achieve more through innovation, and by collaborating with DXC and SAP we are delivering a seamless, integrated solution that will accelerate SAP modernization,' said Stephen Boyle, GSI Leader at Microsoft. 'By leveraging Microsoft Azure, customers can unlock new levels of efficiency, scalability, and intelligence, to drive sustainable growth and operational excellence.'
Yahoo
08-05-2025
- Business
- Yahoo
EY launches new solution to evolve and accelerate enterprise operations with SAP S/4HANA® Cloud
Accesses deep domain experience and capabilities from EY to help transform critical functions across the entire enterprise. Delivers an EY managed service solution embedded with AI capabilities, as well as advanced cloud technology from SAP, to provide a state-of-the-art data infrastructure. Equips high-growth businesses with the freedom to focus on confident compliance and cost certainty. LONDON, May 8, 2025 /PRNewswire/ -- The EY organization today announced the launch of a new Integrated Finance Managed Service solution, to help organizations accelerate their enterprise transformation. The end-to-end service model, one of the first of its kind, will operate using leading cloud solutions from SAP across functions for human resources, payroll, finance operations, controllership, financial planning and analysis, treasury and tax, including application management. The solution brings together SAP S/4HANA Cloud with the EY organization's deep domain and industry experience across the wider suite of finance operations, as well as its decades-long track record of helping high-growth companies create value, and enhance trust with investors, regulators and clients. The EY organization has also joined the SAP PartnerEdge program with a "Run" focus as a managed services provider and will continue to help clients fast-track the ability to meet strategic and operational goals through this collaboration with SAP. Integrated Finance Managed Services is built on a solid data foundation and infrastructure and supported by an ecosystem of alliances to: Enable rapid scalability and deliver the agility, flexibility and resilience to support transformation and growth. Promote the governance, flows and insight required for automation and enhanced efficiency. Help reduce the burden of building, maintaining and financing cutting-edge technology, freeing up capital to help unlock innovation. One example is IntraBio Inc., a landmark client that has leveraged Integrated Finance Managed Services to realign its financial, human resources, and accounting processes toward its central strategic goal of developing and commercializing life-changing products. By taking over finance processes, EY teams enabled IntraBio to stay focused on its core mission of bringing drugs to high-need patients. The company's ambition became reality on Sept. 24, 2024, when the U.S. Food and Drug Administration approved its first product, AQNEURSA, a revolutionary treatment for Niemann-Pick Disease Type C, which has now been successfully launched on the US market. Raj Sharma, EY Global Managing Partner – Growth and Innovation, says: "The world's most innovative companies with bold growth and transformation plans are often weighed down by non-core tasks, diverting valuable executive time and resources. Well-structured enterprise functions are critical to scaling and sustaining success, but without the right support, it can become a distraction from the strategic priorities that drive real value. The Integrated Finance Managed Services solution can provide companies with a new model, helping businesses operate more efficiently and enabling leaders to focus on what matters most. We believe this solution can fundamentally change how clients think about their enterprise functions." Thomas Saueressig, Member of the Executive Board of SAP SE, Customer Services & Delivery, says: "Through this collaboration with EY, we are excited to combine SAP's leading cloud suite, enriched with Business AI capabilities, and EY teams' deep domain and industry experience to help deliver better insights and drive better outcomes for customers." For more information visit and SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see for additional trademark information and notices. All other product and service names mentioned are the trademarks of their respective companies. About EY EY exists to build a better working world, helping to create long-term value for clients, people and society and build trust in the capital markets. Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate. Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via EY member firms do not practice law where prohibited by local laws. For more information about our organization, please visit This news release has been issued by EYGM Limited, a member of the global EY organization that also does not provide any services to clients. View original content to download multimedia: SOURCE EYGS LLP 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
