Latest news with #GreatPlacetoWork
Time of India
a day ago
- Business
- Time of India
This GCC is reshaping HR globally with agentic AI
UKG is hardly a household name outside the world of HR technology , yet the Massachusetts-headquartered firm has quietly grown into one of the world's largest privately held software companies, valued at $22 billion. Its cloud platforms handle everything from time-keeping and shift scheduling to payroll, talent management and employee sentiment analysis for more than 80,000 organisations – a customer list that stretches from corner shops to the biggest global conglomerates. In effect, UKG sits in the plumbing of global employment, processing what chief product officer Suresh Vittal calls 'the economic engine of work': last year alone its systems logged 12 billion clock-ins, shepherded 117 million job applications, and helped companies hire three million people. Much of that machinery is being built – and increasingly conceived – in India. The company's global capability centre (GCC) began in Noida in 2007 with a brief to extend its workforce-management tools . Eighteen years on, it employs more than 3,000 people across Noida, Bengaluru, Mumbai, and a brand-new hub in Pune. 'India is effectively a mini UKG,' says Vittal. 'We cannot replicate the innovation advantage we get here anywhere else.' That advantage is growing as UKG pushes deeper into agentic AI – software agents that can reason over vast specialist datasets and act autonomously while keeping a human in the loop. Payroll, one of the most labyrinthine back-office chores, is a case in point. 'You have to juggle local tax codes, compliance updates, garnishments, benefits and company policies for every employee before a pay-cheque can be issued,' Vittal explains. UKG's India teams have written a flock of agents – continuous-compliance, tax-filing and scheduling among them – that scan new regulations, generate individualised pay estimates and surface discrepancies for an administrator's review. Tasks that once swallowed teams of people armed with spreadsheets are now pushed through in minutes. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Kate Middleton Dared To Wear This Outfit And It Took Prince William's Breath Away Crowdy Fan Undo The agents come with a ₹confidence score' so managers can see precisely how sure the model is and inspect the rationale in plain English before acting on it. 'Responsible AI is non-negotiable,' says group vice-president and India country manager Nitin Chandel. 'We're making frontline workers more effective, not redundant – freeing them from repetitive low-value chores so they can focus on higher-order work.' UKG's data advantage is formidable. Its Great Place to Work surveys capture the mood of 20 million employees globally each year. That depth lets engineers in India train narrowly tailored language and decision models rather than rely on generic public ones. At the heart of the stack sits People Fabric, a harmonised schema that pulls payroll, attendance, benefits, and expense data from the disparate ledgers of any enterprise into a single source of truth. Data pipelines feed this information to AI models, and a technique called retrieval-augmented generation tops up the models with the latest relevant facts just before they respond. UKG runs regular ₹agent-thons' open to all engineers; the most recent attracted the largest cohort from India, producing prototypes that are already finding their way into product roadmaps. Chandel himself leads global human capital management (HCM) engineering from Noida, one of several India-based executives who own worldwide charters. 'India is not following; it is leading,' he says. The expansion into Pune underlines that ambition. Opened last month, the facility will specialise in AI and big-data work and is expected to absorb a large share of the new hires UKG plans to make in India. Early-career recruitment is a priority: this year the firm has taken on 400 graduates from the IITs, NITs and top business schools, pairing them with seasoned mentors to accelerate what Vittal calls 'the innovation curve'. The move also positions UKG for the next frontier: letting its agents negotiate with those of other enterprise platforms. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Business Wire
2 days ago
- Business
- Business Wire
KUBRA Recognized as a Best Workplace for Inclusion, and Recertified as a Great Place to Work in the U.S. and Canada
TEMPE, Ariz.--(BUSINESS WIRE)--KUBRA, a leading provider of customer experience management solutions for some of the largest utility, insurance, and government entities, is thrilled to announce its recognition as one of Canada's Best Workplaces™ for Inclusion in 2025. This marks the third time KUBRA has been recognized in this category. The company also recently achieved its Great Place to Work ® recertification in both the U.S. and Canada for the seventh year in a row. KUBRA, a leading provider of customer experience management solutions for some of the largest utility, insurance, and government entities, is thrilled to announce its recognition as one of Canada's Best Workplaces™ for Inclusion in 2025. This honour is based on an independent analysis conducted by Great Place to Work, using direct feedback from employees across hundreds of organizations. To qualify, companies must be Great Place to Work-Certified™—a global accreditation that reflects a positive and supportive workplace culture—and demonstrate exceptional results on the Trust Index™ employee survey. In particular, at least 90% of employees must agree that people are treated fairly, regardless of personal characteristics such as gender, ethnicity, age, or sexual orientation. This benchmark is essential for this award, highlighting a culture grounded in fairness, respect, and inclusion. 'Inclusion isn't a box we check, it's how we show up every day,' said Rick Watkin, President and CEO of KUBRA. 'We're committed to building a workplace where everyone feels respected, valued, and empowered to be themselves. This recognition is a testament to the incredible culture our people work hard to protect and grow.' This commitment is evident in initiatives and resources designed to foster open dialogue, support, and connection across the organization. These efforts are part of a broader strategy to create a culture that values diversity and inclusion and is free from judgment based on appearance or background. For prospective employees seeking opportunities at KUBRA, visit our careers page to explore openings and discover how you can join a team that values innovation, diversity, and growth. About KUBRA KUBRA provides customer experience management solutions to some of the largest utility, government, and insurance entities across North America. Our extensive portfolio includes billing and payments, mapping, mobile apps, proactive communications, and artificial intelligence solutions for customers. With more than two billion customer interactions annually, KUBRA services reach over 40% of households in the U.S. and Canada. KUBRA is an operating subsidiary of the Hearst Corporation. Visit for more information. About Great Place to Work ® Great Place to Work is the global authority on high-trust, high-performance workplace cultures. A global research and consulting firm, Great Place to Work ® provides the benchmarks and expertise needed to create, sustain, and recognize outstanding workplace cultures. In Canada, Great Place to Work ® produces both industry and demographic-specific Best Workplace™ lists, and represents the voices of 500,000 employees across industry. This is part of the world's largest annual workplace study, recognizing the world's Best Workplaces in a series of national lists including those published by The Globe & Mail (Canada) and Fortune magazine (USA). Visit us at
Business Wire
2 days ago
- Business
- Business Wire
TH Global Capital Celebrates 25 Years of Excellence in Investment Banking
LONDON--(BUSINESS WIRE)-- TH Global Capital, an award-winning global boutique investment banking firm recognized as Boutique Investment Banking Firm of the Year by The M&A Advisor for three consecutive years, with a track record of closing transactions in 29 countries, is proud to announce the celebration of its 25th anniversary on July 24, 2025, marking a significant milestone in the firm's journey. Founded in 2000 by Vivek Subramanyam, TH Global Capital has become a globally recognized leader in Tech Services, Consulting, Technology, Business Services, and Healthcare. With a strong global presence across North America, Europe, and Asia-Pacific, the firm specializes in sector focused investment banking, asset management, and growth advisory. Over the past 25 years, TH Global Capital has grown to a team of 125 employees across 13 countries and 5 continents, delivering lasting impact for founders and investors around the world. Key Milestones and Achievements Named 'Boutique Investment Banking Firm of the Year' for the third year in a row at The M&A Advisor Awards, and received multiple awards for client service excellence Completed transactions with some of the largest tech services and consulting companies in the world, including Accenture, IBM, Capgemini, Fujitsu, Infosys, Wipro, Cognizant, HCLTech, Tech Mahindra, Endava, Globant and many others Completed transactions with leading global private equity funds and/or their portfolio companies, including Blackstone, Advent International, Temasek, Sequoia Capital, Bain Capital, Summit Partners, New Mountain Capital, Frontenac and ARCHIMED Emerged as the leading global boutique investment banking firm for technology platform partners including: ServiceNow – 9 transactions closed ($600M+ in value) Salesforce – 12 transactions closed ($500M+ in value) Adobe – 8 transactions closed ($500M+ in value) Microsoft – 6 transactions closed ($250M+ in value) Built a global network of over 4,000 investors, underpinned by strong, long-standing relationships Launched the growth advisory practice: 'TH Growth Strategy + Deal' to drive sustained value creation for clients Expanded into asset management, with plans to launch both global and India focused funds Achieved multiple Great Place to Work certifications '25 years in, our mission remains the same: to create wealth for founders, CEOs, and investors around the world. This milestone is a tribute to the incredible people, our clients, colleagues, and partners, past and present, who have helped shape TH into the global, trusted company it is today.' said Vivek Subramanyam, Founder and CEO of TH Global Capital.
Hamilton Spectator
6 days ago
- Business
- Hamilton Spectator
Hammond Power Solutions Reports Second Quarter 2025 Financial Results
(Dollar amounts are in thousands, in Canadian currency unless otherwise specified) GUELPH, Ontario, July 24, 2025 (GLOBE NEWSWIRE) — Hammond Power Solutions Inc. ('HPS') (TSX: HPS.A) a leading manufacturer of dry-type transformers, power quality products and related magnetics, today announced its financial results for the second quarter 2025. HIGHLIGHTS We are pleased to share that HPS delivered another strong quarter in Q2 2025, achieving record sales and solid profits despite navigating some cost headwinds. Our quarterly revenue reached approximately $224 million, marking a new record quarter with 14% growth compared to Q2 2024. Our gross margin was slightly lower than the previous year due to rising input costs and further investments in our manufacturing footprint.', said Adrian Thomas, CEO of Hammond Power Solutions. 'Our new production facility in Mexico is complete and we will start shipments later this year. We are also proud to announce that we were awarded Great Place to Work for all of our facilities globally. This honour means a lot to us and reaffirms our belief that our employees are at the core of our success.' Year-to-date, the U.S. market experienced its strongest growth in the private label channel and steady growth in the distribution channel. The Company continued to grow both the number of new customers, as well as sales within existing customers. The Original Equipment Manufacturer ('OEM') channel and private labels channels have increased in the quarter versus prior year, with relatively more business shifting to private label. The two channels have also increased on a year-to-date basis with strong sales to switchgear manufacturers, motor control, mining, and data centres. The Canadian market continued to grow through the distribution channel in both stock and flow product and large projects in commercial construction, electric vehicle ('EV') charging, data centres, public infrastructure, oil and gas, mining, utilities and motor control. The Company's Quarter 2, 2025 backlog increased by 8.4% as compared to Quarter 2, 2024. The Company's backlog decreased 8.0% from Quarter 1, 2025. 'The second quarter was notable in the heightened level of uncertainty in our supply chain and our customer markets. However, the impact of that uncertainty proved to be relatively small, although gross margins did decline below our expectations. Some of this was due to under absorbed overheads in our new Mexico factories as they ramp up, and some to due inflation we are seeing in our supply chain. Adjusted EBITDA margins, while still above 15% on a YTD basis, dropped in the quarter as a result of the lower gross margin', said Richard Vollering, CFO of Hammond Power Solutions. 'As sales increased to record levels, working capital requirements increased. This, combined with high capital expenditures associated with our capital expansion plan, resulted in a net cash outflow, which we expect will begin to reverse in the third quarter.' The Company saw a decrease in its gross margin rate for the three months of Quarter 2, 2025 which was 30.7% compared to Quarter 2, 2024 margin rate of 32.8%, a decrease of 210 basis points. The year-to-date gross margin rate has decreased from 32.3% in 2024 to 31.1% in 2025, a decrease of 120 basis points. The decline in gross margin is mainly the result of higher material costs related to commodity volatility and inflation in the supply chain. Total selling and distribution expenses were $24,665 in Quarter 2, 2025 or 11.0% of sales versus $20,591 in Quarter 2, 2024 or 10.4% of sales, an increase of $4,074 or an increase of 60 basis points. Year-to-date selling and distribution expenses were $46,985 or 11.0% of sales in 2025 compared to $41,658 or 10.7% of sales in 2024, an increase of $5,327 or 30 basis points. The quarter and year-to-date increase in selling and distribution expenses is a result of higher variable freight and commission expenses attributed to the increase in sales. General and administrative expenses were $24,465 or 10.9% of sales for Quarter 2, 2025 compared to Quarter 2, 2024 expenses of $9,062 or 4.6% of sales , an increase of $15,403 or 170 basis points. Year-to-date general and administration expenses were $28,210 or 6.6% of sales in 2025 compared to $38,201 or 9.8% of sales in 2024, a decrease of $9,991 or 320 basis points. The increase is mainly due to an increase in share-based compensation costs, ongoing strategic investments in people and resources to support our growth strategies as well as supporting higher levels of general business activity. Net earnings for Quarter 2, 2025 finished at $13,376 compared to net earnings of $23,590 in Quarter 2, 2024, a decrease of $10,214. Year-to-date net earnings for 2025 finished at $39,598 compared to net earnings of $31,542 in Quarter 2, 2024, an increase of $8,056. EBITDA for Quarter 2, 2025 was $23,720 versus $36,711 in Quarter 2, 2024, a decrease of $12,991 or 35.4%. Adjusted for foreign exchange loss/gain and share-based compensation expenses adjusted EBITDA[1] for Quarter 2, 2025 was $33,396 versus $32,587 in Quarter 2, 2024, an increase of $809 or 2.5%. Year-to-date EBITDA was $64,417 in 2025 and $51,710 in 2024, an increase of $12,707 or 24.6%. Year-to-date adjusted EBITDA was $64,312 in 2025 and $63,559 in 2024, an increase of $753 or 1.2%. Basic earnings per share were $1.12 for Quarter 2, 2025 versus $1.98 in Quarter 2, 2024, a decrease of $0.86. Year-to-date the basic earnings per share were $3.33 in 2025 compared to $2.65 in 2024, an increase of $0.68. Adjusted1 for foreign exchange losses and share-based compensation expenses adjusted earnings per share were $1.72 for Quarter 2, 2025 versus $1.73 for Quarter 2, 2024. Year-to-date adjusted earnings per share were $3.32 for 2025 compared to $3.37 in 2024. The Board of Directors of HPS declared a quarterly cash dividend of twenty-seven and a half cents ($0.275) per Class A Subordinate Voting Share of HPS and a quarterly cash dividend of twenty-seven and a half cents ($0.275) per Class B Common Share of HPS paid on June 27, 2025. Year-to-date the Company has paid a cash dividend of fifty-five cents ($0.55) per Class A Subordinate Voting Share and of fifty-five cents ($0.55) per Class B Shares. THREE MONTHS ENDED: (dollars in thousands) SIX MONTHS ENDED: (dollars in thousands) * EBITDA adjusted for foreign exchange gain or loss and share based compensation Caution Regarding Forward-Looking Information This press release contains forward-looking statements that involve a number of risks and uncertainties, including statements that relate to among other things, Hammond Power Solutions Inc.'s (the 'Corporation' or 'HPS') strategies, intentions, plans, beliefs, expectations and estimates, in connection with general economic and business outlook, prospects and trends of the industry, expected demand for products and services, product development and the Corporation's competitive position. Forward-looking statements can generally be identified, but not limited to, the use of words such as 'may', 'will', 'could', 'should', 'would', 'likely', 'expect', 'intend', 'estimate', 'anticipate', 'believe', 'plan', 'objective' and 'continue' and words and expressions of similar import. Although the Corporation believes that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties, and undue reliance should not be placed on such statements. Certain material factors or assumptions are applied in making forward-looking statements, and actual results may differ materially from those expressed or implied in such statements. Important factors that could cause actual results to differ materially from expectations include but are not limited to: general business and economic conditions (including but not limited to risks related to foreign currency fluctuations and changing interest rates); risks associated with the Corporation's business environment (such as risks associated with the financial condition of the oil and gas, mining and infrastructure project business); geopolitical risks; climate related risks; changes in laws and regulations; operational risks (such as risks related to existing and developing new products and services; doing business with partners and suppliers; product sales and performance; legal and regulatory proceedings; dependence on certain customers and suppliers; costs associated with raw materials, products and services; human resources; and the ability to execute strategic plans.) The Corporation does not undertake any obligation to update publicly or to revise any of the forward-looking statements contained in this document, whether as a result of new information, future events or otherwise, except as required by law. This forward-looking information represents our views as of the date of this press release and such information should not be relied upon as representing our views as of any date subsequent to the date of this press release. We have attempted to identify important factors that could cause actual results, performance or achievements to vary from those current expectations or estimated, expressed or implied by the forward-looking information. However, there may be other factors that cause results, performance or achievements not to be as expected or estimated and that could cause actual results, performance or achievements to differ materially from current expectations. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those expected or estimated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. ABOUT HAMMOND POWER SOLUTIONS INC. Hammond Power Solutions Inc. ('HPS' or the 'Company') enables electrification through its broad range of dry-type transformers, power quality products and related magnetics. HPS' standard and custom-designed products are essential and ubiquitous in electrical distribution networks through an extensive range of end-user applications. The Company has manufacturing plants in Canada, the United States (U.S.), Mexico and India and sells its products around the globe. HPS shares are listed on the Toronto Stock Exchange and trade under the symbol HPS.A. Hammond Power Solutions – Energizing Our World For further information, please contact: David Feick Investor Relations 519-822-2441 x453 ir@ 1 Refer to Non-GAAP financial measures on page 3 of this quarterly report
Business Wire
23-07-2025
- Business
- Business Wire
Wolverine Worldwide Announces Second Quarter Fiscal 2025 Conference Call for August 6, 2025
ROCKFORD, Mich.--(BUSINESS WIRE)--Wolverine World Wide, Inc. (NYSE: WWW) today announced that it expects to report its second quarter fiscal 2025 financial results on Wednesday, August 6, 2025, at approximately 6:30 a.m. ET. Following the press release, the Company will host a conference call at 8:30 a.m. ET to review results and discuss current business trends. Investors and analysts interested in joining the call are invited to dial 1-800-715-9871 (international callers, please dial 1-646-307-1963) approximately five minutes prior to the start of the call. The conference call will be broadcast live and accessible under 'Webcasts & Presentations' in the Investor Relations section of A recorded replay of the call will be available shortly after the conclusion of the call and remain available until August 13, 2025. To access the telephone replay, dial 1-800-770-2030 (international callers, please dial 1-609-800-9909). The access code for the replay is 9927992. ABOUT WOLVERINE WORLDWIDE Founded in 1883, Wolverine World Wide, Inc. (NYSE:WWW) is one of the world's leading designers, marketers, and licensors of branded casual footwear and apparel, performance outdoor and athletic footwear and apparel, kids' footwear, industrial work boots and apparel, and uniform footwear. The Company's portfolio includes Merrell®, Saucony®, Sweaty Betty®, Hush Puppies®, Wolverine®, Chaco®, Bates®, HYTEST®, and Stride Rite®. Wolverine Worldwide is also the global footwear licensee of the popular brands Cat® and Harley-Davidson®. Based in Rockford, Michigan, for more than 140 years, the Company's products are carried by leading retailers in the U.S. and globally in approximately 170 countries and territories. Wolverine Worldwide is a Great Place to Work® Certified™ company. For additional information, please visit our website,
