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Business Wire
2 days ago
- Business Wire
Options Recognized in Broadcom / VMware's Global Partner Program, Cementing Position Among Leading Private Cloud Providers Worldwide
LONDON & NEW YORK & HONG KONG--(BUSINESS WIRE)--Options Technology, the leading provider of infrastructure services to the global capital markets, today announced its continued partner recognition as part of the recently restructured VMware Cloud Service Provider (VCSP) Program. 'Our recognition as a Broadcom / VMware Global Partner is a major achievement for Options. It reflects the strength of the infrastructure we've built, the calibre of our engineering teams, and the trust our clients place in us every day." Share Following Broadcom's recent overhaul of the VCSP Program, which consolidates authorized partners, Options has been formally recognized in the newly redefined global partners program. This exclusive status is reserved for a select group of organisations demonstrating exceptional performance, deep technical expertise, and significant business impact within VMware's ecosystem. The partner recognition marks one of Options' most significant milestones of the year and underscores the firm's ongoing commitment to delivering next-generation Private Cloud Infrastructure for the financial services industry. The recognition follows continued innovation and growth across Options' global Private Financial Cloud platform, which is underpinned by cutting-edge technologies and advanced security frameworks. Options' infrastructure spans a dynamic mix of virtualized, containerized, and physical environments, integrated with a high-performance, low latency global fabric. Danny Moore, President and CEO, Options Technology, commented, 'Our recognition as a Broadcom / VMware Global Partner is a major achievement for Options. It reflects the strength of the infrastructure we've built, the calibre of our engineering teams, and the trust our clients place in us every day. Over the years, we've consistently invested in scalable, secure, high-performance platforms, and this recognition is a validation of that strategy. Looking ahead, our collaboration with VMware will be pivotal in supporting innovation across the capital markets and accelerating the digital transformation of financial services.' James Laming, CTO Infrastructure, Options Technology, added, 'Broadcom / VMware continues to play a pivotal role in our strategy for delivering secure and scalable infrastructure across the financial sector. By combining Broadcom technologies with our advanced Private Cloud Stack, alongside industry leaders like Pure Storage, Arista Networks, and NVIDIA, we've created a best-in-breed platform that emphasizes simplicity, availability, and performance. Delivered as a fully managed, service-backed solution, our combined architecture empowers clients with the agility, speed, and resilience they need, all while ensuring full compliance and future-ready scalability.' This announcement follows a series of strategic growth milestones for Options, including its trading infrastructure deployment in Equinix NY3, expansion of its Cambridge operations, and Microsoft direct bill capabilities in Dubai, marking a fifth global region of coverage. Options Technology: Options Technology (Options) is a financial technology company at the forefront of banking and trading infrastructure. We serve clients globally with offices in New York, London, Paris, Belfast, Cambridge, Chicago, Hong Kong, Tokyo, Singapore, Dubai, Sydney and Auckland. At Options, our services are woven into the hottest trends in global technology, including high-performance Networking, Cloud, Security, and AI (Artificial Intelligence).
Cision Canada
3 days ago
- Cision Canada
ADM REPORTS 2025 SECOND QUARTER FINANCIAL RESULTS Français
MONTREAL, Aug. 6, 2025 /CNW/ - ADM Aéroports de Montréal today reported its consolidated operating results for the second quarter and first half ended June 30, 2025. These results are accompanied by passenger traffic data for YUL Montréal-Trudeau International Airport. Highlights Passenger traffic at YUL totalled 5.7 million in the second quarter of 2025, up 0.9% compared with 2024. A total of 10.6 million passengers transited through YUL during the first half of 2025, down 0.4% compared with 2024. The domestic and international sectors grew by 3.2% and 0.6%, respectively, compared with the first half of 2024. The transborder sector was down by 6.8% compared with the corresponding six months of 2024. EBITDA (earnings before net financial expenses, income taxes, depreciation and impairment, and share in the results of joint ventures, see the "Non-GAAP measures" section for more information) was $105.4 million for the second quarter of 2025, a decrease of $10.9 million compared with EBITDA of $116.3 million for the same period of 2024. For the six months ended June 30, 2025, EBITDA was $196.0 million, down $18.7 million from $214.7 million for the first six months of 2024. Capital investments were $151.5 million in the second quarter of 2025 compared with $124.8 million for the corresponding period of 2024, an increase of $26.7 million, or 21.4%. Capital investments for the six months ended June 30, 2025 totalled $290.2 million ($171.1 million in 2024), an increase of $119.1 million, or 69.6%. In the first half of 2025, investments in the Airport Program totalled $224.4 million ($141.4 million in 2024), and those for the airport's REM Station totalled $65.8 million ($29.7 million in 2024). Quote "With the summer season in full swing and still bringing significant traffic to YUL Montréal-Trudeau International Airport, ADM's teams are doing their utmost to provide a warm welcome and quality service to visitors," said Yves Beauchamp, ADM's President and CEO. "Despite challenging weather conditions, flight operations have been running smoothly this summer, while major work has already begun. This includes reconfiguring the road network leading to the terminal. With the increasing number of projects over the next few years, our objective remains clear: to improve the way we guide and serve our passengers amid growth and major construction, while providing effective mitigation measures to minimize inconveniences. In this regard, I would also like to highlight the excellent work of the airport community's employees who are helping us build the airport of tomorrow." Financial results Consolidated revenues amounted to $232.4 million for the second quarter of 2025, an increase of $3.2 million, or 1.4%, over the corresponding quarter in 2024. Revenues for the six-month period ended June 30, 2025 increased by 2.2%, from $442.0 million to $451.7 million in 2025. These results are attributable to the AIF rate increase on March 1, 2024, and the annual increase in aeronautical fees, partly offset by lower passenger traffic. Operating expenses totalled $89.8 million for the second quarter of 2025, an increase of $12.4 million, or 16.0%, over the corresponding period of 2024. For the six months ended June 30, 2025, operating expenses increased by $26.9 million, or 17.2%, to $182.8 million, compared with $155.9 million for the same period in 2024. This increase is namely attributable to the costs associated with the preparation of preliminary studies that will make it possible to implement the airport facilities development plan. The variance is also due to higher information technology expenses as the corporation continues its transition to cloud-based solutions, and to the increase in headcount compared with the same period in 2024. Transfers to governments (payments in lieu of taxes to municipalities [PILT] and rent paid to Transport Canada) totalled $37.2 million for the quarter under review, up $1.7 million over the previous year and represented 16.0% of ADM revenues (15.5% in 2024). For the first six months of 2025, transfers amounted to $72.9 million, an increase of $1.5 million over the same six months of 2024, and represented 16.1% of ADM's total revenues (16.2% in 2024). Depreciation and impairment of property and equipment and right-of-use assets was $41.8 million for the second quarter of 2025, up $0.8 million, or 2.1%, over the corresponding period of 2024. As at June 30, 2025, these expenses increased by $3.4 million, or 4.2%, to $85.1 million. This increase is mainly due to the revaluation of the remaining useful life of the pick-up and drop-off areas and the multi-level parking facility in front of the airport. Net financial expenses totalled $25.6 million for the quarter under review, up $3.3 million, or 14.9%, from the corresponding period in 2024. Cumulative net financial expenses at June 30, 2025 totalled $50.1 million, compared with $43.6 million for 2024, an increase of $6.5 million, or 14.8%, over the previous year. This variance is primarily due to a decrease in interest income generated on surplus cash stemming from lower investment rates. Net income was $38.0 million for the second quarter ended June 30, 2025, compared with $53.0 million for the same period in 2024, a decrease of $15.0 million, or 28.5%. Net income was $61.0 million at June 30, 2025, a decrease of $28.7 million, or 32.0%, compared with the same period in 2024. Financial situation ADM's net debt at June 30, 2025 was $2.37 billion, compared with $2.21 billion at December 31, 2024; see the "Non-GAAP measures" section for more information. The variance is mainly attributable to the use of cash for capital investments. Non-GAAP Measures ADM references financial measures with no standardized meaning under International Financial Reporting Standards ("IFRS"), otherwise called non-GAAP measures. They are therefore unlikely to be comparable to similar measures presented by other entities. EBITDA EBITDA is defined by ADM as earnings before net financial expenses, income taxes, depreciation and impairment and share in the results of joint ventures. It is used by management as an indicator to evaluate operating performance. EBITDA is meant to provide additional information and is not intended to replace other performance measures prepared under IFRS. Net debt Net debt is the difference between gross debt (gross balance of long-term bonds, long-term debt, amounts drawn on the credit facility and lease liabilities) and cash, cash equivalents, short-term investments as well as the debt service reserve fund. Key financial measures Second quarter Cumulative to June 30 (in millions of dollars) 2025 2024 Variance (%) 2025 2024 Variance (%) Revenue 232.4 229.2 1.4 451.7 442.0 2.2 Operating costs 89.8 77.4 16.0 182.8 155.9 17.2 Payments in lieu of municipal taxes (PILT) 11.1 9.9 13.0 22.4 22.2 1.1 Transport Canada rent 26.1 25.6 2.0 50.5 49.2 2.6 Depreciation and impairment of property and equipment and right-of-use assets 41.8 41.0 2.1 85.1 81.7 4.2 Net financial expenses 25.6 22.3 14.9 50.1 43.6 14.8 Total expenses 194.4 176.2 10.4 390.9 352.6 10.9 Earnings before equity pickup and income taxes 38.0 53.0 (28.4) 60.8 89.4 (32.0) Share in the results of joint ventures 0.1 0.1 26.1 0.3 0.4 19.6 Income taxes (0.1) (0.1) (217.6) (0.1) (0.1) 58.2 Net income 38.0 53.0 (28.5) 61.0 89.7 (32.0) EBITDA 105.4 116.3 (9.4) 196.0 214.7 (8.7) The % variances in the above table are calculated with figures detailed in thousands. Capital investments In the second quarter of 2025, investments at YUL and YMX were financed by cashflows generated by operating activities, including AIF, and by the credit facility held with Investissement Québec. 1 Capital investments are net of subsidies, namely from Canada's Airport Critical Infrastructure Program ("ACIP"). For the second quarter of 2025, subsidies received totalled $2.2 million for the Airport Program ($0.5 million in 2024) and nil for the REM Station (nil in 2024). In the first half of 2025, subsidies received totalled $2.5 million for the Airport Program ($4.8 million for the same period in 2024) and nil for the REM Station ($7.2 million in 2024). Net debt (in billions of dollars) June 30, 2025 December 31, 2024 Change (%) 2.37 2.21 7.1 The % variance in the above table is calculated with figures detailed in thousands. Passenger traffic For the second quarter of 2025, traffic at YUL totalled 5.7 million passengers, up 0.9% compared with the same period in 2024. International and domestic traffic rose by 2.9% and 4.7%, respectively, while transborder traffic (U.S.) was down 7.6% compared with the second quarter of 2024. For the first six months under review, passenger traffic totalled 10.6 million, down 0.4% compared with the same period in 2024. Transborder traffic (U.S.) was down 6.8%, while international and domestic traffic were up 0.6% and 3.2%, respectively, compared with the corresponding six months of 2024. During the period, YUL also added new destinations, including Cincinnati, Edinburgh, Bermuda, Naples and Valencia. Total passenger traffic* *Total passenger traffic includes both revenue and non-revenue passengers and is calculated with figures detailed in thousands. Sustainability at ADM During this quarter, ADM implemented the following initiatives to pursue its commitment to sustainability: Renewed its BOMA BEST Gold-level Sustainable Building certification, which attests to the terminal's good energy and environmental performance at YUL. The airport was recognized for its efforts in several areas, including decarbonization, improved air quality, occupant health, accessibility, equity, and resilience. Participated in a clean-up operation on the banks of Bouchard Creek for the third consecutive year. As part of the Allô Ruisseaux project, ADM collected 194.8 kilograms of waste. This project, carried out in collaboration with the GRAME organization, aims to improve the health of waterways on the West Island of Montreal through clean-up operations, planting vegetation, and raising awareness among citizens and businesses. Was awarded the Platinum prize in the Overall Public Relations Program category by the Société québécoise des professionnels en relations publiques (SQPRP) for its communications campaign for the launch of the YMX Express shuttle pilot project. Launched last summer in collaboration with the City of Mirabel and several partners, this was the first public transit project on the YMX site, set up to meet the needs of Aerocity employees, visitors, and part-time workers. Ranked 36th in the first edition of TIME and Statista's prestigious list of the 125 best companies in Canada for 2025. ADM has distinguished itself in three areas over the past three years to achieve this ranking: employee satisfaction, organizational growth and environmental, social and governance (ESG) management. To learn more about ADM's actions, visit our Sustainability Indicators platform, read our Sustainability Report 2024 and our Sustainability Plan 1.0. About ADM Aéroports de Montréal ADM Aéroports de Montréal is the airport authority for the Greater Montréal area responsible for the management, operation and development of YUL Montréal-Trudeau International Airport, certified 4 stars under the Skytrax World Airport Star Rating program, and YMX International Aerocity of Mirabel.
Yahoo
3 days ago
- Yahoo
United States Mint Begins Shipping 2025 American Women Quarters™ Honoring Stacey Park Milbern on August 11
WASHINGTON, D.C., Aug. 04, 2025 (GLOBE NEWSWIRE) -- The United States Mint (Mint) will begin shipping the 2025 American Women Quarters (AWQ) Program coin honoring Stacey Park Milbern on August 11, the fourth in this series for 2025. The Mint facilities at Philadelphia and Denver manufacture these circulating quarters. Stacey Park Milbern was a visionary leader and powerful activist for disability justice. Born with physical disabilities, her life experiences led her to inspire and empower others, championing the belief that everyone is inherently valuable. 'The fourth coin of the 2025 American Women Quarters Program celebrates the life and legacy of Stacey Park Milbern,' said United States Mint Acting Director Kristie McNally. 'As a pioneer for disability justice, she empowered and revitalized others. We hope this design reflects her youth, purpose and compassion.' The reverse (tails) design depicts Milbern speaking to an audience. She places one hand near her trach while her right hand faces palm up, in a gesture meant to evoke a genuine exchange of ideas and the building of allyship. The additional inscriptions are 'UNITED STATES OF AMERICA,' 'E PLURIBUS UNUM,' 'QUARTER DOLLAR,' 'DISABILITY JUSTICE,' and 'STACEY PARK MILBERN.' Artistic Infusion Program Designer Elana Hagler designed the reverse image, which Mint Medallic Artist Craig A. Campbell sculpted. 'Stacey Park Milbern's story is one of courage, empathy, and conviction,' said Hagler. 'These are the qualities I tried to capture when I designed her likeness, as well as the duality of her fierceness and gentleness. I am thrilled to do my part get her story out, and I am deeply moved by the thought that people can see aspects of themselves reflected on this quarter, and find encouragement and inspiration in the life and work of Stacey Park Milbern.' 'The joy and honor of celebrating Stacey Park Milbern on this coin far outweigh the challenges faced,' said Campbell. 'It's wonderful to do my part in creating this monument to her memory and legacy. This coin will inspire us and future generations.' Each coin in this series features a common obverse (heads) design depicting a portrait of George Washington. This design was originally composed and sculpted by Laura Gardin Fraser as a candidate entry for the 1932 quarter, which honored the bicentennial of George Washington's birth. The inscriptions are 'LIBERTY,' 'IN GOD WE TRUST,' and '2025.' View an image of the Stacey Park Milbern quarter reverse here. Each 2025 AWQ honoree is a powerful, inspiring example of the breadth, depth, and range of accomplishments, and the experiences demonstrated by these extraordinary women. The fifth and final coin in this series will ship later this year. Authorized by Public Law 116-330, the American Women Quarters Program features coins with reverse (tails) designs emblematic of the accomplishments and contributions of American women. Beginning in 2022 and continuing through 2025, the Mint is issuing five quarters in each of these years. The ethnically, racially, and geographically diverse group of individuals honored through this program reflects a wide range of accomplishments and fields, including suffrage, civil rights, abolition, government, humanities, science, space, and the arts. Please visit as your primary source of the most current information on product and service status or call 1-800-USA-MINT (872-6468) seven days a week from 8 a.m. to 9 p.m. ET. Hearing and speech impaired customers with TTY equipment may order by calling 1-888-321-MINT (6468) Monday through Friday, 8:30 a.m. to 5 p.m. ET. From outside the United States, customers can call 001-202-898-6468 Monday through Friday, 8:30 a.m. to 5 p.m. ET. About the United States Mint Congress created the Mint in 1792, and the Mint became part of the Department of the Treasury in 1873. As the Nation's sole manufacturer of legal tender coinage, the Mint is responsible for producing circulating coinage for the Nation to conduct its trade and commerce. The Mint also produces numismatic products, including proof, uncirculated, and commemorative coins; Congressional Gold Medals; silver and bronze medals; and silver and gold bullion coins. Its numismatic programs are self-sustaining and operate at no cost to taxpayers. ADDITIONAL RESOURCES: Information about the United States Mint. Sign up to receive Mint electronic product notifications, news releases, public statements, and our monthly educational newsletter, Lessons That Make Cents. Visit and subscribe to the Mint's YouTube channel to view videos about the Mint. Follow us on Facebook, X, and Instagram. CONTACT: Sharon McPike United States Mint 202-354-7222 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
