Latest news with #GTM
Yahoo
10 hours ago
- Business
- Yahoo
Oppenheimer Raises PTC (PTC) Price Target, Maintains Outperform Rating
PTC Inc. (NASDAQ:PTC) is one of the Best Industrial Automation Stocks to Buy for the Next Decade. Oppenheimer has raised its price target on PTC Inc. (NASDAQ:PTC) to $190 from $170, maintaining an Outperform rating on the stock. The upward revision reflects improved market multiples and optimism surrounding PTC's go-to-market (GTM) execution and AI integration plans. Following a recent conversation with PTC's management, Oppenheimer noted that the company's current guidance appears appropriately calibrated to the broader macroeconomic environment. While PTC Inc. (NASDAQ:PTC) remains cautious amid global trade uncertainties, the firm sees a strong foundation for long-term growth. Analysts pointed to steady customer retention, despite a slight uptick in churn. Pricing remains an area with potential upside, as the company adjusts its sales structure and strategy. Oppenheimer believes the ongoing GTM transition will ultimately improve sales productivity and customer acquisition efficiency. PTC has continued investing in its core digital thread technologies, including CAD, PLM, and IIoT platforms, which are increasingly enhanced by AI. These tools are critical for automating product development, manufacturing workflows, and real-time data analysis across industrial sectors. With its customer base concentrated in engineering, automotive, and heavy industry, PTC is positioned to benefit from accelerating demand for smart manufacturing solutions and digital automation. PTC powers industrial automation through software platforms that integrate CAD, IoT, and AI to streamline manufacturing, engineering, and product lifecycle management. While we acknowledge the potential of PTC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Non-Mega Cap NASDAQ Stocks to Buy Right Now and 13 Cheap Stocks Under $50 to Buy Now. Disclosure: None. This article is originally published at Insider Monkey. 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
Mint
3 days ago
- Business
- Mint
Mint Explainer: Will FY26 be a washout year for the IT services industry?
Early results from the first quarter point to a challenging and even unpredictable roadmap ahead for the $280 billion IT business, driven by cautious client spending, tariff-related headwinds, geopolitics and more. While companies are putting up a brave front, these could cast a long shadow on this fiscal year. Mint breaks it down. What can we deduce from the earnings seasons so far? The latest earnings season has laid bare the shifting contours in the global IT services industry. IT services bellwether Tata Consultancy Services (TCS), missed revenue estimates in Q1FY26, echoing a broader caution among clients amid tariff-related uncertainty and deferred discretionary spending. Global technology services and consulting major, Accenture, posted a third quarter (March-May 2025) revenue of $17.7 billion. Despite beating revenue expectations, the Dublin, Ireland-headquartered company saw a second consecutive drop in new bookings in its third quarter. HCL Tech posted revenue growth of 1.34% sequentially to $3.55 billion for the June quarter, but missed profit estimates, while Tech Mahindra surprised with profit growth and an uptick in deal wins. Together, these results paint a picture of an industry in flux — caught between changing technology needs of clients led by artificial intelligence (AI), slow decision-making in consumer-facing, tariff- impacted sectors like retail and auto, vendor consolidation, clients opting to grow captive units or Global Capability Centers (GCCs), besides geopolitical headwinds. Companies are putting up a brave front, but these could cast a long shadow on this fiscal year. What are the top honchos saying? K. Krithivasan, chief executive officer and managing director, TCS, said continued global macroeconomic and geopolitical uncertainties caused a demand contraction. At Accenture's second quarter earnings call in June, Julie Sweet, CEO of Accenture, maintained that the company remains on track for strong growth, though the company's government business (accounting for 8% of its global revenue) has been impacted due to US federal policy changes. Accenture Federal Services contributes 8% to the company's global revenue ($64.9 billion in 2024). 'What we've seen in recent weeks is an elevated level of uncertainty. There's a global conversation around tariffs, not just in the Americas but in Europe as well," Sweet said. Despite a better-than-expected performance, Mohit Joshi, CEO of Tech Mahindra, said the macro picture is still hazy. "Tariff-impacted sectors are not conducive to discretionary spending. Overall market is volatile, and there's a slowdown in auto and manufacturing. Banking is steady and hi-tech is volatile. We do see recovery in the second half." C. Vijayakumar, CEO & managing director, HCLTech, said that the company's operating margin was impacted by lower utilization and additional GenAI and GTM (go to market) investments. Meanwhile, a Redditor (posting on Reddit, a social news aggregation and discussion platform) said, 'The next decade won't look like the last. Those who pivot to AI, develop deep domain expertise, and automate delivery models will thrive. Others might fade." What is the outlook for the IT services business? The near-term outlook remains cautious. TCS's CEO flagged intensified delays in discretionary spending and project starts, with clients deferring decisions until there's more clarity on US tariffs and fiscal policy. Accenture's restructuring around AI signals a pivot toward reinvention, but even it is grappling with slower deal closures. TCS revenue increased just 1.3% YoY, with four of six verticals declining. International revenue dipped 0.5%. Accenture's revenue grew 8% YoY, but bookings fell 6%, indicating future demand softness. Noida-based HCLTech's revenue was up 8% YoY, but net profit down 10%, reflecting margin pressure. And Tech Mahindra's revenue increased 3% YoY and profit surged 34%, signaling operational discipline and deal momentum. The broad consensus? Tech services growth will likely be muted in the short term, with FY26 guidance reflecting low single-digit expansion across most players. Is there stress in tariff-impacted sectors? Yes, and it's becoming more pronounced. The uncertainty around US tariffs—especially in consumer-facing businesses such as automobiles and retail and others, including manufacturing and communications—has led to deferred projects and cautious spending. BFSI, which is the largest vertical for most companies and accounts for around 35% of the industry revenue, remains steady. TCS saw year-on-year (YoY) contraction between 3% to 9.6% in various verticals, including consumer, healthcare, manufacturing, communication and media. While BFSI, technology, energy and utilities saw 1% to 2.8% growth in the same period. For Tech Mahindra, the manufacturing business declined 4% and technology, media and entertainment fell 3.3%. Among geographies, Europe grew 11.7% YoY, but Americas, which accounts for around half of its business, saw a 5.9% YoY revenue drop. For HCL Tech, much of the incremental revenue came from banks and financial institutions, which make up around 20% of the company's business. The company narrowed its revenue guidance for the full year. It now expects revenue growth between 3% and 5% in constant currency terms, from 2% to 5% earlier. Is Agentic AI becoming part of conversations? The market is fast shifting to agentic AI (AI systems designed to operate with a high degree of autonomy), but most IT services companies remain in pilot project mode, unable to convert proof of concepts into large projects. Accenture leads in this space. It has also set up a new division focused on AI called `reinvention services', which involves merging strategy consulting, technology, and operations into a single unit. For Accenture, GenAI bookings for the quarter hit $1.5 billion with revenues exceeding $700 million. In the first nine months of its fiscal year Accenture has secured $4.1 billion in GenAI business and generated $1.8 billion in revenue. Indian IT services players do not report AI revenue separately, despite claiming that AI is part of every deal. How are the new deal bookings? Deal momentum is mixed, with signs of stress in closures despite healthy pipelines. TCS won deals worth $9.4 billion, up from $8.3 billion in the year-ago period, but down from $12.2 billion q-on-q. Accenture won $19.7 billion new deals, down 6% y-o-y. HCLTech won $1.81 billion worth of new deals in the quarter, while Tech Mahindra saw a 44% jump in new deal wins YoY at $809 million in Q1. Will IT services survive multiple disruptions, from AI to tariffs? The IT services industry is at a crossroads. Tariff uncertainty and cautious client behaviour are dampening near-term growth, but AI—especially agentic AI—is emerging as a strategic lever. Accenture's bold restructuring may set the tone, but TCS, HCLTech, Wipro, Infosys and others must move beyond pilots to monetization. Deal pipelines remain healthy, but execution delays are the new norm. Reditor pointed out that clients are more interested in AI solutions rather than digital transformation, a pivot that Indian IT should make quickly. The winners will be those who can translate AI into measurable outcomes. Will GCCs spoil the IT services party? According to a Confederation of Indian Industry (CII) Global Capability Centre (GCC) report this week, India has established itself as the global hub for GCCs, hosting over 1,800 centres as of FY25. By 2030, India could have almost 5,000 GCCs with a direct employment of 4-5 million, the report noted. A ramp-up in GCCs will impact the work shipped to third-party providers, the IT services companies. Cognizant, for example, has raised concerns about potential risks stemming from GCCs operated by its clients in its 2024 annual report. Some IT services companies including Infosys, HCLTech, Wipro, Tech Mahindra are partnering with GCCs, helping them set up centers. But going forward, companies will have to compete not only with rival services providers but also with GCCs for business. A tough task in an already challenging business environment.
Globe and Mail
4 days ago
- Business
- Globe and Mail
ZoomInfo Highlights Investment in Terminal One Revitalization with New Vancouver Office Opening
ZoomInfo (NASDAQ: GTM), the Go-To-Market Intelligence Platform, today announced the official opening of its new Vancouver office at Terminal One — marking a key milestone in the company's 18-year history and underscoring the power of public-private partnership in revitalizing the 10-acre historic port site. Positioned in the heart of the Vancouver Waterfront, Terminal One features sweeping riverfront views and amenities such as deck space, a state-of-the-art fitness center, secure parking and an 80+ seat conference center. In addition, the Terminal One riverfront boasts a hotel, public trails and spaces, and a marketplace, making it an ideal area for business or leisure. ZoomInfo is the first business to move into the newly developed waterfront space, which serves as a strategic hub for the company's growing engineering, product, and go-to-market teams. As part of the opening events, ZoomInfo will be showcasing the benefits of the mixed-use space and supporting its neighbors by encouraging employees to explore retail shops and highlighting local restaurants with catered events throughout the week. 'We know the power of being together in person, and we're confident that this new office at the Port of Vancouver is a place where our team will enjoy engaging with our clients and building our team,' said Henry Schuck, Founder and CEO of ZoomInfo. 'This incredible space offers our employees a beautiful place to work and enjoy everything the city has to offer. We started this business here, we scaled it here, and we'll continue building the future of the company here.' About ZoomInfo ZoomInfo (Nasdaq: GTM) is the Go-To-Market Intelligence Platform that empowers businesses to grow faster with AI-ready insights, trusted data, and advanced automation. Its solutions provide more than 35,000 companies worldwide with a complete view of their customers, making every seller their best seller. ZoomInfo is a recognized leader in data privacy, with industry-leading GDPR and CCPA compliance and numerous data security and privacy certifications. For more information about how ZoomInfo can help businesses with go-to-market intelligence that accelerates revenue growth, please visit
Yahoo
5 days ago
- Business
- Yahoo
ShiftUp Assembles World-Class Technical Leadership Team with Three Strategic Hires from Salesforce
Former Salesforce Agentforce & Einstein Bots architects bring deep AI expertise and enterprise-scale experience to accelerate AI-powered GTM automation PHOENIX, July 15, 2025--(BUSINESS WIRE)--ShiftUp, the pioneering platform transforming go-to-market workflows through intelligent automation, today announced the appointment of three distinguished technology leaders to its team. The company has recruited Ben Myles as Chief Technology Officer, Jonathan Rico as Head of Engineering and Product, and Mark Holton as Lead Sr. Software Architect—all veterans of Salesforce's groundbreaking Agentforce & Einstein AI platform. The strategic hires represent a combined 30+ years of enterprise AI experience, bringing proven expertise in building and scaling conversational AI systems that serve millions of users globally. Each executive played instrumental roles in architecting Salesforce's Einstein Bots platform, which revolutionized how enterprises deploy intelligent automation at scale. Ben Myles joins as Chief Technology Officer, bringing over a decade of experience architecting industry-defining AI platforms at Salesforce, where he served as lead architect of the Einstein Bots platform. As a serial entrepreneur and technical visionary, Ben has built multiple successful ventures while maintaining his reputation as a hands-on architect who transforms emerging technologies into scalable business solutions. His unique ability to bridge cutting-edge AI innovation with enterprise-grade reliability positions him to drive ShiftUp's mission of reimagining GTM workflows through intelligent automation. Jonathan Rico assumes the role of Head of Engineering and Product, contributing over a decade of experience with ISV technologies and AI-driven cloud platforms at Salesforce and ServiceNow. Jonathan led the creation of Einstein Bots—from concept to enterprise-wide adoption and, most recently, its generative-AI evolution as Agentforce. A published inventor with five patents in conversational AI and visual bot design, he has also steered multiple strategic AI, digital-engagement and sales enablement initiatives. Jonathan's focus on applied AI ensures every innovation delivers measurable business value, and his expertise in fault-tolerant, massively scalable systems positions ShiftUp to deliver intelligent automation that transforms GTM performance. Mark Holton has been appointed Lead Sr. Software Architect, bringing over a decade of experience designing fault-tolerant data pipelines that power mission-critical AI systems at Salesforce. Holton architected the event infrastructure processing over 3 billion events monthly for Einstein Bots and is a two-time engineering excellence award winner and TMP All-Star Award recipient—Salesforce's highest honor recognizing technologists for Trust, Innovation, and Customer Success. As a startup veteran who served as the fifth engineer at LiquidPlanner (now his mastery of high-performance architectures at unprecedented scale enables ShiftUp to deliver intelligent, always-on revenue insights that transform GTM execution. "We're witnessing a fundamental shift in how revenue teams operate, and AI is the catalyst that will separate market leaders from the competition," said Nick Valla, CEO of ShiftUp. "Ben, Jonathan, and Mark represent the gold standard of enterprise AI architecture—they didn't just build Einstein Bots, they pioneered the blueprint for intelligent automation at scale. Their combined expertise in conversational AI, fault-tolerant systems, and enterprise architecture gives us the technical foundation to reimagine every aspect of the GTM motion. While others are still figuring out how to integrate AI into their workflows, we're building the future where AI doesn't just assist GTM teams—it transforms them into revenue-generating machines that operate with unprecedented speed, precision, and intelligence." The appointments underscore ShiftUp's commitment to building enterprise-grade intelligent automation solutions that address the complex challenges facing modern revenue teams. The new leadership team will accelerate the development of ShiftUp's AI-powered platform, which promises to transform how organizations approach lead generation, customer engagement, and revenue optimization. About ShiftUp ShiftUp is revolutionizing go-to-market strategies through intelligent automation that transforms how revenue teams operate. By combining advanced AI capabilities with enterprise-grade reliability, ShiftUp enables organizations to optimize their GTM workflows, accelerate pipeline generation, and drive measurable revenue growth. For more information, visit View source version on Contacts Media Contact:Estee Woods, VP of Marketing, ShiftUp+1 208-404-2568 or pr@ 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
Korea Herald
5 days ago
- Business
- Korea Herald
HCLTech delivers healthy revenue growth of 3.7% YoY in Q1 FY26
New deal win TCV at $1.8 billion LONDON and NOIDA, India, July 15, 2025 /PRNewswire/ -- HCLTech (NSE: HCLTECH) (BSE: HCLTECH), a leading global technology company, reported financial results for the first quarter ended June 30, 2025. Constant currency (CC) revenue for the quarter was up 3.7% YoY. USD revenue came in at $3.55 billion, up 5.4% YoY. EBIT margin for the quarter was 16.3%. Digital Services revenue grew by 15.2% YoY (CC) and now contributes 41.6% of the overall Services revenue. Engineering and R&D Services grew by 11.8% YoY (CC). HCLSoftware's Annual Recurring Revenue came in at $1.06 billion, up 1.3% (CC). The deal pipeline continued to be robust and diversified, with total new deal wins for the quarter at $1.8 billion. The company announced a dividend of ₹12 per share for the quarter, marking the 90 th consecutive quarter of dividend payouts. For FY26, the company has upped its revenue growth guidance to 3.0%-5.0% and revised its EBIT margin guidance to 17.0%–18.0%. "We had healthy revenue growth of 3.7% YoY, supported by good performance in our Services business with 4.5% YoY growth in constant currency. Our operating margin came at 16.3%, impacted by lower utilization and additional GenAI and GTM investments. Our AI propositions are resonating well with our clients and have been augmented further by our partnership with OpenAI. Our pipeline continues to grow as the demand environment was stable during the quarter. As the only service provider positioned as 'Customers' Choice' in all six Gartner Voice of Customer Quadrant evaluations related to IT services*, we are well positioned to grow in the AI era," said C Vijayakumar, CEO & Managing Director, HCLTech. Industry vertical growth was led by Technology and Services at 13.7% YoY (CC), followed by Telecommunications, Media, Publishing and entertainment at 13.0% growth YoY (CC), Retail and CPG at 8.2% YoY (CC) and Financial Services at 6.8% (CC). In terms of geographies, Rest of the World grew the fastest at 15.0% YoY (CC), followed by Europe, which grew by 9.6% YoY (CC). The company added 1,984 freshers during the quarter and the LTM attrition was 12.8%, among the lowest in the industry. "HCLTech Q1 FY26 INR revenue grew an impressive 8.2% YoY. Our cash generation remains robust with OCF/NI at 129% and FCF/NI at 121%, reflecting the underlying strength of our business model. Our commitment to capital efficiency has resulted in LTM ROIC improving for the company by 353 bps YoY to 38.1% and for the Services business by 236 bps YoY to 45.2%," added Shiv Walia, Chief Financial Officer, HCLTech. HCLTech continued to be the trusted partner for global enterprises, driven by its future-ready portfolio. This quarter, the company secured several significant deals, including: Some of the key recognitions that HCLTech received in Q1 FY26 include: Disclaimer: * GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, and PEER INSIGHTS is a registered trademark of Gartner, Inc. and/or its affiliates and are used herein with permission. All rights reserved. Gartner Peer Insights content consists of the opinions of individual end users based on their own experiences, and should not be construed as statements of fact, nor do they represent the views of Gartner or its affiliates. Gartner does not endorse any vendor, product or service depicted in this content nor makes any warranties, expressed or implied, with respect to this content, about its accuracy or completeness, including any warranties of merchantability or fitness for a particular purpose. The Gartner content described herein (the "Gartner Content") represents research opinion or viewpoints published, as part of a syndicated subscription service, by Gartner, Inc. ("Gartner"), and is not a representation of fact. Gartner Content speaks as of its original publication date (and not as of the date of this Report), and the opinions expressed in the Gartner Content are subject to change without notice. For further details, please contact: Elka Ghudial, EMEA James Galvin, APAC
