Latest news with #FirstSource
Time of India
02-05-2025
- Business
- Time of India
Builders FirstSource cuts annual revenue forecast for 2025
Builders FirstSource on Thursday trimmed its annual revenue forecast, after reporting a decline in first-quarter profit and sales due to persistently weak housing construction as well as affordability issues. Elevated mortgage rates and tariff-driven macroeconomic uncertainty have prompted potential customers to reconsider buying homes, leading to suppressed demand for new houses. Shares of the Irving, Texas-based company, which supplies building materials and products for home construction, were down 2.4% in morning trading following the results. It forecast 2025 net sales between $16.05 billion and $17.05 billion, compared with a prior view of $16.5 billion to $17.5 billion. Builders FirstSource expects its full-year single-family starts to be down mid-single digits and multi-family starts down mid-teens. The company's adjusted profit came in $1.51 per share in the three months ended March 31, below $2.65 per share a year ago. However, the quarterly profit surpassed analysts' average estimate of $1.37 per share, according to data compiled by LSEG. The building solutions provider's first-quarter net sales fell 6% to $3.66 billion from a year ago, hurt by one fewer selling day and commodity deflation.
Business Wire
28-04-2025
- Business
- Business Wire
Infogain Appoints Soma Pandey as Chief People Officer
LOS GATOS, Calif. & NOIDA, India--(BUSINESS WIRE)--Infogain, a leading digital customer experience engineering company headquartered in Silicon Valley, today announced the appointment of Soma Pandey as its Chief People Officer. Based in Bengaluru, Soma will report to Dinesh Venugopal, Chief Executive Officer of Infogain. 'Soma will be instrumental in shaping the next phase of our employee experience and our commitment to develop STEM talent. She will ensure we remain at the forefront of technological advancements.' Share In her new role, Soma will lead the company's global people strategy, aligning talent and culture initiatives building a future-ready organization grounded in innovation, inclusivity, and growth. Soma is widely recognized for building high-performing, resilient teams, championing digital innovation, and nurturing an inclusive workplace culture where every team member feels valued and empowered. Dinesh Venugopal said, 'We are excited to welcome Soma to our executive leadership team. Her extensive experience, strategic mindset, and people-first approach will play a pivotal role in shaping Infogain's future. As we continue to scale and innovate, Soma's leadership will help us build a strong, inclusive workplace culture and unlock the full potential of our talent.' With an impressive track record spanning global leaders like FirstSource, Cognizant, Randstad, and Accenture, Soma brings deep expertise in driving large-scale people transformations and aligning people strategies with bold business ambitions. She will be instrumental in shaping the next phase of our employee experience and our commitment to develop STEM talent ensuring we remain at the forefront of technological advancements. On her appointment, Soma said, 'It's an inspiring time to join Infogain as the company accelerates AI adoption and digital transformation at scale. At the heart of this journey lies the ability to attract top talent, foster innovation, and create an empowering culture.' She added, 'I'm grateful to Dinesh and the Infogain leadership team for their confidence in me, and I look forward to contributing to our next phase of growth.' She holds an MBA in Human Resources from XLRI Jamshedpur and a Bachelor of Science from Banaras Hindu University. She is also a frequent speaker and contributor to leading HR forums, including NASSCOM and NHRD. About Infogain Infogain is a leader in digital customer experience engineering based in Silicon Valley. Infogain engineers business outcomes for Fortune 500 companies and digital natives in the technology, healthcare, insurance, travel, telecom, and retail/CPG industries. It accelerates experience-led transformation in the delivery of digital platforms using technologies such as cloud, microservices, automation, IoT, and artificial intelligence. Infogain is a multi-cloud expert across hyperscale cloud providers – Microsoft Azure, Google Cloud Platform, and Amazon Web Services. Infogain, an Apax Funds portfolio company, has offices in California, Washington, Texas, the UK, and Singapore, with delivery centers in Seattle, Dallas, Montevideo, Kraków, Noida, Bengaluru, Pune, Gurgaon, Mumbai, Kochi, Kannur and Cayman Islands. To learn more, visit
