Latest news with #TDC
The Hindu
14 hours ago
- General
- The Hindu
Indian team announced for the International Junior Science Olympiad 2025, Russia
The Indian team for the 2025 International Junior Science Olympiad (IJSO), to be held in Sochi, Russia, has been officially announced. The announcement was made following the Orientation-cum-Selection Camp (OCSC) held from May 15 to 30, 2025, at the Talent Development Centre (TDC) of the Indian Institute of Science (IISc), Challakere. The following students will represent India: Aadish Jain, Mahendragarh Public School, Haryana; Anmol Kumar, Manu Vatika School, Punjab; Asmi Inamdar, KVIIT Powai, Maharashtra; Ruhan Mohanty, DAV Public School, Odisha; Sai Sharavan Mavalla, Narayana Co. School, Telangana; S.V. Tejas, Surajkund International School, Tamil Nadu. The team will be accompanied by three leaders, Dr. Shirish Pathare, HBCSE, Mumbai; Prof. Vedavyasa, retired Professor from St .Joseph's College Bengaluru; and Dr. Aravinda S, TDC, IISc, Challakere. Dr. Geetha R.S., retired professor from Vijaya College, Bengaluru, will serve as the scientific observer. The students were selected based on their performance in rigorous written and practical tests in Physics, Chemistry, and Biology. The exams are uniquely designed to test students' conceptual understanding, application of knowledge, and critical thinking in science. The team was declared at the valedictory function for the camp on May 31, 2025, at Vidyavardhaka Sangha (VVS), Rajajinagar, Bengaluru. Prof. L S Shashidhara, Director, NCBS, was the Chief Guest of the program, and Prof. Subba Reddy, Chief Research Scientist, IISc, and Convener, Talent Development Centre (TDC), IISc, Challakere, was the special guest. The camp was organised by the Indian Association of Physics Teachers (IAPT) Junior Science Olympiad cell in collaboration with VVS. The VVS Chairperson and the IAPT president presided over the function. In 2024, the Indian team performed outstandingly at IJSO 2024 in Romania, with all six students bagging a gold medal each. The team also won the country winner trophy.
Fintech News ME
22-05-2025
- Business
- Fintech News ME
Turkcell Secures €100 Million Murabaha Financing from Emirates NBD
Turkcell, a digital services and telecommunications company based in Türkiye, has announced that its subsidiary, TDC Veri Hizmetleri (TDC), has secured €100 million in murabaha financing through an agreement with Emirates NBD Bank. The five-year financing facility is intended to support Turkcell Group's data centre investments through TDC, advance its digital infrastructure initiatives, and align with its long-term strategic plans. The murabaha-based financing, which complies with Islamic finance principles, represents a step forward in TDC's efforts to strengthen its position in the data centre and cloud services sector. Turkcell's broader strategy includes the development of high-capacity and environmentally sustainable data centres to address growing demand in areas such as cloud computing, AI and big data. The company aims to contribute to national digitalisation efforts while serving local businesses and attracting international clients seeking secure and scalable digital solutions. Commenting on the agreement, Kamil Kalyon, Chief Financial Officer at Turkcell, stated: 'We are proud to attract international investment into our data centre operations. And we believe these investments will pave the way for more strategic partnerships and future investments, unlocking new opportunities for growth and collaboration in the digital landscape.' Kalyon added that the financing structure is expected to support further cooperation in the Gulf region. 'This murabaha financing structure, adhering to Islamic finance principles, is expected to open new avenues for collaboration in the Gulf region. By diversifying our financing portfolio, TDC can mitigate risks while exploring further strategic partnerships in key markets.' Emirates NBD Capital, the global investment banking arm of the Emirates NBD group, acted as both Mandated Lead Arranger and Bookrunner for the transaction. The institution had previously supported Turkcell's US$ 1 billion Eurobond issuance in 2024. Pri McNair, Group Co Head of Corporate Coverage at Emirates NBD, said: 'Emirates NBD's EUR100 million murabaha financing deal with Turkcell is part of a long-term strategy to support growth-oriented companies investing in digital transformation. This deal reflects our confidence in Turkcell and we are proud to support the company's data centre expansion, consolidating its position as a telecom leader.'
Yahoo
20-05-2025
- Business
- Yahoo
Turkcell Secures €100 Million Investment to Boost Data Center Business Expansion
DUBAI, United Arab Emirates, May 20, 2025--(BUSINESS WIRE)--Turkcell (NYSE: TKC) (BIST: TCELL) announced that its subsidiary, TDC Veri Hizmetleri (TDC), has secured EUR100 million in murabaha financing through a strategic agreement with Emirates NBD Bank, a leading banking group in the Middle East and Turkiye (MENAT) region. The five-year financing agreement is intended to empower Turkcell Group's data center investments via TDC, accelerate its digital infrastructure initiatives, and align with its long-term strategic growth objectives. Strategic Financing to Drive Data Center Expansion The financing agreement, which is based on interest-free murabaha principles, marks a significant milestone for TDC as it enhances its position in the data center and cloud business. Turkcell's strategy focuses on high-capacity, eco-friendly data centers to meet the growing demands of cloud computing, AI, and big data. Aligning with national digitalization goals, Turkcell supports local businesses while attracting global customers seeking secure and scalable digital solutions. "The financing secured with Emirates NBD is a testament to the confidence that global financial institutions have in Turkcell. It further affirms that our strategic commitment to driving future growth and delivering value to our investors is steering us in the right direction. We are proud to attract international investment into our data center operations. And we believe these investments will pave the way for more strategic partnerships and future investments, unlocking new opportunities for growth and collaboration in the digital landscape," said Kamil Kalyon, Chief Financial Officer at Turkcell. Diversifying Financing Sources and Strengthening Gulf Relations Kamil Kalyon continued, "This murabaha financing structure, adhering to Islamic finance principles, is expected to open new avenues for collaboration in the Gulf region. By diversifying our financing portfolio, TDC can mitigate risks while exploring further strategic partnerships in key markets. This agreement with Emirates NBD underscores Turkcell's commitment to expand its digital infrastructure capabilities while reinforcing its role as a trusted partner in the global finance community." Pri McNair, Group Co-Head of Corporate Coverage at Emirates NBD, said: "Emirates NBD's EUR100 million Murabaha financing deal with Turkcell is part of a long-term strategy to support growth-oriented companies investing in digital transformation. This deal reflects our confidence in Turkcell and we're proud to support the company's data center expansion, consolidating its position as a telecom leader. This transaction further reinforces Emirates NBD's role as a trusted financial partner delivering tailored solutions that drive sustainable growth." ABOUT TURKCELL: Turkcell is a technology and telecommunications company headquartered in Türkiye, offering a unique portfolio of voice, data and IPTV services over its mobile and fixed networks along with digital consumer, enterprise and techfin services. Turkcell Group operates in three countries: Türkiye, Belarus and Northern Cyprus. Listed on both the NYSE and BIST since July 2000, Turkcell remains the only dual-listed company on these exchanges. Read more at ABOUT EMIRATES NBD: Emirates NBD (DFM: Emirates NBD) is a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region with a presence in 13 countries, serving over 9 million active customers. As at 31st March 2025, total assets were AED 1 trillion, (equivalent to approx. USD 272 billion). The Group has operations in the UAE, Egypt, India, Türkiye, the Kingdom of Saudi Arabia, Singapore, the United Kingdom, Austria, Germany, Russia and Bahrain and representative offices in China and Indonesia with a total of 839 branches and 4,539 ATMs / SDMs. Emirates NBD is the leading financial services brand in the UAE with a Brand value of USD 4.54 billion. Emirates NBD Group serves its customers (individuals, businesses, governments, and institutions) and helps them realise their financial objectives through a range of banking products and services including retail banking, corporate and institutional banking, Islamic banking, investment banking, private banking, asset management, global markets and treasury, and brokerage operations. The Group is a key participant in the global digital banking industry with 97% of all financial transactions and requests conducted outside of its branches. The Group also operates Liv, the lifestyle digital bank by Emirates NBD, with close to half a million users, it continues to be the fastest-growing bank in the region. Emirates NBD contributes to the construction of a sustainable future as an active participant and supporter of the UAE's main development and sustainability initiatives, including financial wellness and the inclusion of people of determination. Emirates NBD is committed to supporting the UAE's Year of Sustainability as Principal Banking Partner of COP28 and an early supporter to the Dubai Can sustainability initiative, a city-wide initiative aimed to reduce use of single-use plastic bottled water. View source version on Contacts +905322106020 Sign in to access your portfolio
Business Wire
20-05-2025
- Business
- Business Wire
Turkcell Secures €100 Million Investment to Boost Data Center Business Expansion
DUBAI, United Arab Emirates--(BUSINESS WIRE)--Turkcell (NYSE: TKC) (BIST: TCELL) announced that its subsidiary, TDC Veri Hizmetleri (TDC), has secured EUR100 million in murabaha financing through a strategic agreement with Emirates NBD Bank, a leading banking group in the Middle East and Turkiye (MENAT) region. The five-year financing agreement is intended to empower Turkcell Group's data center investments via TDC, accelerate its digital infrastructure initiatives, and align with its long-term strategic growth objectives. Strategic Financing to Drive Data Center Expansion The financing agreement, which is based on interest-free murabaha principles, marks a significant milestone for TDC as it enhances its position in the data center and cloud business. Turkcell's strategy focuses on high-capacity, eco-friendly data centers to meet the growing demands of cloud computing, AI, and big data. Aligning with national digitalization goals, Turkcell supports local businesses while attracting global customers seeking secure and scalable digital solutions. 'The financing secured with Emirates NBD is a testament to the confidence that global financial institutions have in Turkcell. It further affirms that our strategic commitment to driving future growth and delivering value to our investors is steering us in the right direction. We are proud to attract international investment into our data center operations. And we believe these investments will pave the way for more strategic partnerships and future investments, unlocking new opportunities for growth and collaboration in the digital landscape,' said Kamil Kalyon, Chief Financial Officer at Turkcell. Diversifying Financing Sources and Strengthening Gulf Relations Kamil Kalyon continued, 'This murabaha financing structure, adhering to Islamic finance principles, is expected to open new avenues for collaboration in the Gulf region. By diversifying our financing portfolio, TDC can mitigate risks while exploring further strategic partnerships in key markets. This agreement with Emirates NBD underscores Turkcell's commitment to expand its digital infrastructure capabilities while reinforcing its role as a trusted partner in the global finance community.' Pri McNair, Group Co-Head of Corporate Coverage at Emirates NBD, said: "Emirates NBD's EUR100 million Murabaha financing deal with Turkcell is part of a long-term strategy to support growth-oriented companies investing in digital transformation. This deal reflects our confidence in Turkcell and we're proud to support the company's data center expansion, consolidating its position as a telecom leader. This transaction further reinforces Emirates NBD's role as a trusted financial partner delivering tailored solutions that drive sustainable growth.' ABOUT TURKCELL: Turkcell is a technology and telecommunications company headquartered in Türkiye, offering a unique portfolio of voice, data and IPTV services over its mobile and fixed networks along with digital consumer, enterprise and techfin services. Turkcell Group operates in three countries: Türkiye, Belarus and Northern Cyprus. Listed on both the NYSE and BIST since July 2000, Turkcell remains the only dual-listed company on these exchanges. Read more at ABOUT EMIRATES NBD: Emirates NBD (DFM: Emirates NBD) is a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region with a presence in 13 countries, serving over 9 million active customers. As at 31st March 2025, total assets were AED 1 trillion, (equivalent to approx. USD 272 billion). The Group has operations in the UAE, Egypt, India, Türkiye, the Kingdom of Saudi Arabia, Singapore, the United Kingdom, Austria, Germany, Russia and Bahrain and representative offices in China and Indonesia with a total of 839 branches and 4,539 ATMs / SDMs. Emirates NBD is the leading financial services brand in the UAE with a Brand value of USD 4.54 billion. Emirates NBD Group serves its customers (individuals, businesses, governments, and institutions) and helps them realise their financial objectives through a range of banking products and services including retail banking, corporate and institutional banking, Islamic banking, investment banking, private banking, asset management, global markets and treasury, and brokerage operations. The Group is a key participant in the global digital banking industry with 97% of all financial transactions and requests conducted outside of its branches. The Group also operates Liv, the lifestyle digital bank by Emirates NBD, with close to half a million users, it continues to be the fastest-growing bank in the region. Emirates NBD contributes to the construction of a sustainable future as an active participant and supporter of the UAE's main development and sustainability initiatives, including financial wellness and the inclusion of people of determination. Emirates NBD is committed to supporting the UAE's Year of Sustainability as Principal Banking Partner of COP28 and an early supporter to the Dubai Can sustainability initiative, a city-wide initiative aimed to reduce use of single-use plastic bottled water.
Yahoo
20-05-2025
- Business
- Yahoo
TDC Q1 Earnings Call: Revenue Miss and Cautious Services Outlook Offset by Margin Expansion
Data and analytics software provider Teradata (NYSE:TDC) missed Wall Street's revenue expectations in Q1 CY2025, with sales falling 10.1% year on year to $418 million. Next quarter's revenue guidance of $401.1 million underwhelmed, coming in 1.4% below analysts' estimates. Its non-GAAP profit of $0.66 per share was 16.9% above analysts' consensus estimates. Is now the time to buy TDC? Find out in our full research report (it's free). Revenue: $418 million vs analyst estimates of $428.2 million (10.1% year-on-year decline, 2.4% miss) Adjusted EPS: $0.66 vs analyst estimates of $0.56 (16.9% beat) Adjusted Operating Income: $91 million vs analyst estimates of $82.07 million (21.8% margin, 10.9% beat) Revenue Guidance for Q2 CY2025 is $401.1 million at the midpoint, below analyst estimates of $406.7 million Management reiterated its full-year Adjusted EPS guidance of $2.20 at the midpoint Operating Margin: 15.8%, up from 10.3% in the same quarter last year Free Cash Flow Margin: 1.7%, down from 36.2% in the previous quarter Annual Recurring Revenue: $1.44 billion at quarter end, down 2.6% year on year Billings: $457 million at quarter end, in line with the same quarter last year Market Capitalization: $2.19 billion Teradata's results for Q1 reflected ongoing macroeconomic pressures, with revenue declining as customer spending in discretionary services remained soft. Management attributed performance to continued growth in cloud annual recurring revenue (ARR), enhanced cost discipline, and the benefits of last year's organizational restructuring. CEO Steve McMillan pointed to strengthening customer retention metrics and highlighted the company's ability to support both cloud and hybrid environments, emphasizing, 'our cloud and hybrid capabilities will resonate in the market.' Looking ahead, Teradata's leadership struck a measured tone, citing persistent uncertainty in services demand and a more prudent approach to guidance. The company reaffirmed its full-year adjusted EPS target, but CFO Charles Smotherman noted, 'In light of the overall macroeconomic uncertainty, we are expanding the low end of our total revenue outlook range.' Management remains focused on improving retention rates, accelerating innovation in AI-centric data solutions, and stabilizing recurring revenue as key priorities for the remainder of the year. Teradata's management attributed the quarter's results to a challenging demand environment for services, stable growth in cloud ARR, and effective cost controls from recent restructuring actions. The company's leadership discussed the impact of these factors on both top-line and profitability trends. Cloud ARR Growth: The company's public cloud ARR increased 16% year over year in constant currency. Management highlighted that cloud now comprises 42% of total ARR, reflecting ongoing customer adoption of Teradata's hybrid analytics platform. Hybrid and On-Premise Relevance: Hybrid deployment remains a differentiator, with many customers preferring a mix of on-premise and cloud solutions. Teradata's hybrid capabilities are being leveraged by customers seeking data sovereignty and flexibility in uncertain market conditions. AI and Vector Store Launch: Management launched the Teradata Enterprise Vector Store, positioning it as a critical tool for advanced AI use cases and agentic (autonomous) AI workflows. Partnerships with NVIDIA and other cloud providers aim to bolster the platform's relevance for next-generation analytics. Executive Team Changes: The appointment of John Ederer as CFO and Sumeet Arora as Chief Product Officer marks a strategic shift. Both executives bring SaaS transition and AI analytics experience, which management believes will help accelerate innovation and operational efficiency. Improved Retention and Cost Structure: Retention rates improved year over year, attributed to a revamped go-to-market strategy and enhanced customer success initiatives. Cost optimization measures, including restructuring, contributed to a higher operating margin and are expected to support further profitability gains. Management's outlook for the rest of the year is centered on stabilizing recurring revenue, driving cloud adoption, and pursuing disciplined cost management amid uncertain market conditions, especially in services. Cloud and Hybrid Adoption: Continued growth in cloud and hybrid deployments is expected to support expansion in ARR and underpin long-term profitability. AI Product Integration: The rollout of AI-centric features, like the Enterprise Vector Store, is intended to attract new workloads and facilitate upsell opportunities, though management acknowledges that material revenue impact may not be immediate. Retention and Cost Controls: Improved customer retention and ongoing optimization of the cost base are viewed as key levers for delivering operating margin improvements and sustaining free cash flow, even if overall revenue recovers slowly. Erik Woodring (Morgan Stanley): Asked if Teradata can boost free cash flow by reducing SG&A spend and leveraging its existing customer base. CEO Steve McMillan emphasized a focus on profitable growth and ongoing optimization of investments across all functions. Yitchuin Wong (Citi): Queried what lessons from recent executive transitions will shape future strategy. McMillan described a new phase focused on AI and analytics-driven business outcomes, supported by new leadership in product and finance. Howard Ma (Guggenheim): Sought parallels between the current environment and previous periods of cloud optimization. Management said hybrid and AI offerings are resonating, but consulting and services remain sensitive to discretionary spending. Jared Jungjohann (TD Cowen): Asked about benefits from recent go-to-market changes. McMillan cited increased traction with AI-focused use cases and improvements in pipeline quality. Chirag Ved (Evercore ISI): Questioned confidence behind maintaining ARR guidance despite macro uncertainty. McMillan pointed to pragmatic planning, line of sight into execution, and removal of outlier deals from the outlook. In the upcoming quarters, the StockStory team will be monitoring (1) the pace of recovery in recurring and cloud revenue as customers increasingly evaluate hybrid and AI solutions, (2) evidence that new executive leadership accelerates product innovation and operational efficiency, and (3) retention rate stability as a marker of customer satisfaction and expansion potential. Progress in translating AI product launches into tangible revenue will also be a key signpost. Teradata currently trades at a forward price-to-sales ratio of 1.4×. Should you double down or take your chips? Find out in our free research report. Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today. 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
