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Business Standard
a day ago
- Business Standard
CGI Envision 2025 maps the real-world ROI of AI
PRNewswire Bengaluru (Karnataka) [India], August 8: CGI, (NYSE: GIB) (TSX: GIB.A), one of the largest independent IT and business consulting services firms in the world, recently hosted Envision 2025, its flagship technology conference powered by global alliance partners AWS and Microsoft in Bengaluru. The event attracted global technology leaders and innovation pioneers from diverse industries to explore how AI is reshaping enterprises and unlocking ROI-driven outcomes. CGI, in collaboration with AWS and Microsoft, hosted a results-driven forum focused on turning strategy into action. The discussions highlighted how organizations are redefining their technology and innovation strategies to stay competitive in a rapidly evolving landscape. Leaders explored new approaches to optimizing core business processes, strengthening the role of Global Capability Centers (GCCs) in driving transformation, and addressing key challenges such as talent readiness, operational agility, and future-proofing the workforce. "Envision 2025 brought together some of the most forward-thinking leaders across industries to engage in real, solution-oriented conversations about the future of AI. As organizations navigate the complexity of adopting AI at scale, CGI is proud to serve as a trusted partner--helping clients move from experimentation to achieving business outcomes at scale. Events like Envision reflect our commitment to fostering collaborative innovation and unlocking measurable value through responsible AI," said Rakesh Aerath, President, CGI Asia Pacific Global Delivery Centers of Excellence. Envision 2025 initiated high-impact conversations among global technologists, clients, GCC leaders, and young tech professionals on the rapid advancements in AI. The discussions underscored that enterprises must not only evolve and adapt but also act with clarity and responsibility. "As enterprises move beyond experimentation to full-scale AI adoption, AWS's partnership with CGI is helping organizations accelerate their transformation journeys through our combined strengths in cloud infrastructure, AI/ML capabilities, and deep industry expertise. Together, we're enabling customers to build resilient, scalable AI solutions that deliver measurable business outcomes while maintaining security and governance," said Praveen Sridhar, Head of Partner Business, AWS India and South Asia. "CGI Envision sparked meaningful conversations that bridged strategy and application. As the world moves rapidly toward real-time, intelligent operations, the responsible application of Agentic AI becomes increasingly critical. At CGI, we have embraced this evolution by integrating Agentic AI through our CGI DigiOps platform thus enabling proactive, autonomous, and intelligent service management. Events like Envision provide a powerful space to explore these shifts and collaboratively shape the future of AI-powered transformation," said Dr. Rahul Ghodke, Senior Vice President, CGI Global Technology Operations, Asia Pacific Global Delivery Centers of Excellence. The key takeaway for participants from Envision 2025 was clear: delivering meaningful outcomes with AI, requires more than just technology. It demands the right data, scalable operations, and skilled talent to create sustainable business value. Read more about CGI's AI offerings and global alliances. About CGI Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 93,000 consultants and professionals across the globe, CGI delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions. CGI works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results. CGI Fiscal 2024 reported revenue is CA$14.68 billion and CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). Learn more at
Economic Times
2 days ago
- Economic Times
Block stock jumps 11% on earnings beat, reigniting bullish momentum with 28.18% monthly surge - even bigger rally be around the corner?
Synopsis Block stock surged 11% today after the company reported better-than-expected Q2 earnings and raised its full-year profit outlook. The fintech giant's shares are now up 28.18% over the past month, fueled by strong growth in both Cash App and Square. Investors are optimistic as Block's financial engines show signs of renewed momentum. With adjusted earnings and gross profit forecast both rising, this rally could be more than a short-term spike. As confidence returns to the fintech space, many wonder if Block's stock rally is just getting started — or if it's already priced in. Block (SQ) stock surged 11% today after delivering a strong earnings beat and raising its full-year profit outlook. With shares now up 28.18% over the past month, bullish momentum is building fast — and investors are watching closely to see if an even bigger breakout is near. Block Inc. (NYSE: SQ) stock lit up the market today, surging 11% in regular trading after the fintech giant posted better-than-expected Q2 earnings and raised its full-year profit outlook. The rally adds to a stunning 28.18% surge over the past month, leaving investors wondering: is this just the beginning of a bigger breakout? The earnings call was packed with positive news — especially around resilient consumer spending, growing profitability, and strong performances from both Cash App and Square, the company's two financial engines. The spark behind today's 11% stock spike is simple: Block crushed earnings expectations. Adjusted net income rose to $385 million, or $0.62 per share, beating analyst expectations. This is up from $301 million ($0.47 per share) a year ago. Gross profit forecast for the full year was lifted to $10.17 billion, up from $9.96 billion. Wall Street welcomed these numbers with open arms, sending Block's shares higher in one of their strongest single-day moves in recent months. Investors also took notice of how well Block's core platforms performed: Cash App reported 16% year-over-year gross profit growth . reported . Square, which focuses on sellers and small businesses, saw 11% growth. While growth has cooled slightly compared to last year, both arms of the business are showing resilience in a challenging macro environment. The company's two-pronged strategy seems to be paying off. Perhaps the biggest catalyst was Block's raised guidance for the year. Management now expects $10.17 billion in gross profit for 2025, suggesting strong confidence in the platform's continued momentum and consumer strength. This was a clear vote of confidence — and the market reacted fast. With a 28.18% gain over the past month and today's 11% pop, investors are naturally asking — what's next ? Block's performance has re-energized bulls who see upside in its growing user base, expanding monetization, and return to strong profitability. But questions still remain: Can Block maintain this momentum through the second half of the year? Will rising interest rates or consumer weakness slow things down? Many analysts are now reassessing their price targets. Given today's move and the stronger fundamentals, more upgrades could be coming soon. With the fintech sector heating up again and Block back in growth mode, a bigger rally may be around the corner — especially if macro conditions remain stable. Block's impressive earnings and upbeat outlook have sparked serious market enthusiasm. A double-digit daily gain and nearly 30% monthly surge show just how powerful investor sentiment has become. The story isn't over yet — and if Block can keep executing, the stock may have more room to run. Q1: Why did Block stock jump 11% today? Block stock surged after strong earnings and a raised profit outlook. Q2: Is Block stock still a good buy after its 28% monthly rally? Many investors see more upside if growth stays strong.
Time of India
2 days ago
- Time of India
Block stock jumps 11% on earnings beat, reigniting bullish momentum with 28.18% monthly surge - even bigger rally be around the corner?
Block Inc. (NYSE: SQ) stock lit up the market today, surging 11% in regular trading after the fintech giant posted better-than-expected Q2 earnings and raised its full-year profit outlook. The rally adds to a stunning 28.18% surge over the past month, leaving investors wondering: is this just the beginning of a bigger breakout? The earnings call was packed with positive news — especially around resilient consumer spending, growing profitability, and strong performances from both Cash App and Square, the company's two financial engines. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program What's driving Block's stock surge today? The spark behind today's 11% stock spike is simple: Block crushed earnings expectations. Adjusted net income rose to $385 million, or $0.62 per share, beating analyst expectations. This is up from $301 million ($0.47 per share) a year ago. Gross profit forecast for the full year was lifted to $10.17 billion, up from $9.96 billion. Wall Street welcomed these numbers with open arms, sending Block's shares higher in one of their strongest single-day moves in recent months. Cash App and Square continue to power Block's growth Investors also took notice of how well Block's core platforms performed: Live Events Cash App reported 16% year-over-year gross profit growth . Square , which focuses on sellers and small businesses, saw 11% growth . While growth has cooled slightly compared to last year, both arms of the business are showing resilience in a challenging macro environment. The company's two-pronged strategy seems to be paying off. Raised profit forecast shows management's confidence Perhaps the biggest catalyst was Block's raised guidance for the year. Management now expects $10.17 billion in gross profit for 2025, suggesting strong confidence in the platform's continued momentum and consumer strength. This was a clear vote of confidence — and the market reacted fast. How high can Block stock go from here? With a 28.18% gain over the past month and today's 11% pop , investors are naturally asking — what's next ? Block's performance has re-energized bulls who see upside in its growing user base, expanding monetization, and return to strong profitability. But questions still remain: Can Block maintain this momentum through the second half of the year? Will rising interest rates or consumer weakness slow things down? Analyst outlook: is an even bigger Block rally around the corner? Many analysts are now reassessing their price targets. Given today's move and the stronger fundamentals, more upgrades could be coming soon. With the fintech sector heating up again and Block back in growth mode, a bigger rally may be around the corner — especially if macro conditions remain stable. Block's impressive earnings and upbeat outlook have sparked serious market enthusiasm. A double-digit daily gain and nearly 30% monthly surge show just how powerful investor sentiment has become. The story isn't over yet — and if Block can keep executing, the stock may have more room to run . FAQs: Q1: Why did Block stock jump 11% today? Block stock surged after strong earnings and a raised profit outlook. Q2: Is Block stock still a good buy after its 28% monthly rally? Many investors see more upside if growth stays strong.
