Latest news with #Securities2025GlobalTechnologyConference
Time of India
06-06-2025
- Business
- Time of India
Tariffs have led to caution in the life sciences segment: Cognizant's Gummadi
Bengaluru: As clients look for cost optimisation, they aim to break silos and move towards consolidating their IT services partners. "They want a partner who can give end-to-end solutions," Surya Gummadi, President of the Americas business at Cognizant , said during the recent Bank of America Securities 2025 Global Technology Conference. With GenAI disrupting businesses, Gummadi felt pricing will evolve significantly in the next six months as clients move towards outcome-based said AI brought a great deal of uncertainty, adding to the macroeconomic pressures. That, he points out, is the difference between the previous cycles of the economic crisis. He, however, believes GenAI will create newer opportunities for Cognizant. Meanwhile, the tariff war triggered by US President Donald Trump impacted business sentiment in life sciences, product and manufacturing, as well as retail, he told Bank of America analysts. "There is some caution in the healthcare space. Tariffs have led to caution in the life sciences segment. Product and manufacturing clients are dealing with tariff uncertainty, and retail clients have also shown it in their guidance. All this is having a cascading effect on IT projects," Gummadi said. Despite the tough environment, Cognizant signed three mega deals by the end of the second quarter. Cognizant started to see an uptick in deal momentum, in general. Compared to 2023, when the firm signed 17 large deals, the New Jersey-headquartered IT services firm signed 29 large deals in 2024. In a choppy environment, CTS managed to get an extension of its contract with the healthcare client, which is a $1 billion deal. The full-year trailing 12-month booking for 2024 was $27.1 billion. Get the latest lifestyle updates on Times of India, along with Eid wishes , messages , and quotes !
Business Wire
27-05-2025
- Business
- Business Wire
Lyft CFO to Participate in Fireside Chat Hosted by BofA Securities
SAN FRANCISCO--(BUSINESS WIRE)--Lyft, Inc. (Nasdaq: LYFT) announced today that Erin Brewer, Chief Financial Officer, will participate in a fireside chat at the BofA Securities 2025 Global Technology Conference, on Tuesday, June 3, 2025 in San Francisco, CA at 4:00 p.m. Pacific Time. A live webcast of the event will be available on the investor relations section of the Lyft website at About Lyft Whether it's an everyday commute or a journey that changes everything, Lyft is driven by our purpose: to serve and connect. In 2012, Lyft was founded as one of the first ridesharing communities in the United States. Now, millions of drivers have chosen to earn on billions of rides. Lyft offers rideshare, bikes, and scooters all in one app — for a more connected world, with transportation for everyone. Forward-Looking Statements In the course of the fireside chat, Lyft may make 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. Forward-looking statements generally relate to future events or Lyft's future financial or operating performance as well as Lyft's other expectations, strategies, priorities, plans or intentions. Lyft's expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including those more fully described in Lyft's filings with the Securities and Exchange Commission. Non-GAAP Financial Measures In the course of the fireside chat referenced above, Lyft may discuss certain non-GAAP financial measures, including Adjusted EBITDA, Adjusted EBITDA margin (calculated as a percentage of Gross Bookings) and free cash flow. Reconciliations of our historical non-GAAP measures are available on the investor relations portion of our website.
