Latest news with #Technology
Times of Oman
20 hours ago
- Business
- Times of Oman
Wipro reports 0.8% yearly rise in gross revenue in Q1 2025-26
Bengaluru: Technology services and consulting company Wipro on Thursday announced financial results for the quarter ended June 30, 2025. The company reported gross revenue at Rs 221.3 billion (USD 2,581.6 million), a decrease of 1.6 per cent quarter-on-quarter and an increase of 0.8 per cent year-on-year. The IT services segment revenue was at USD 2,587.4 million, a decrease of 0.3 per cent QoQ and 1.5 per cent YoY. The IT services operating margin for the quarter was at 17.3 per cent, a contraction of 0.2 per cent QoQ and expansion of 0.8 per cent YoY. The net income for the quarter was at Rs 33.3 billion (USD 388.4 million), a decrease of 6.7 per cent QoQ and an increase of 10.9 per cent YoY. Srini Pallia, CEO and Managing Director, said, "In a quarter shaped by macroeconomic uncertainty, clients prioritised efficiency and cost optimisation. We partnered closely with them to address these needs, resulting in 16 large deals, including two mega deals. Building on the momentum from last quarter and supported by a strong pipeline, we are well-positioned for the second half. AI is no longer experimental - it's central to our clients' strategies, and we are delivering real impact at scale." Aparna Iyer, Chief Financial Officer, said "We expanded our operating margins by 80 basis points on YoY basis. Our cash flow conversion remained strong with operating cash flows being at 123 per cent of our net income. The board also declared an interim dividend of INR 5 per share. With this, the total cash returned to shareholders over the last 6 months is more than USD 1.3 Bn." Wipro said it expects revenue from the IT Services business segment to be in the range of USD 2,560 million to USD 2,612 million in the July-September quarter. This translates to sequential guidance of (-) 1.0 per cent to 1.0 per cent in constant currency terms. Wipro has over 230,000 employees and business partners across 65 countries.
Malay Mail
2 days ago
- Business
- Malay Mail
Correcting and Replacing: Brand New TV Show "AI for Humans" Officially Premieres Exploring the Limitless Potential of Artificial Intelligence in Hong Kong
Professor Sun Dong, JP, Secretary for Innovation, Technology and Industry Mr Simon Chan Sai-Ming, BBS, JP, Chairman of Hong Kong Cyberport Management Company Limited Dr Rocky Cheng, JP, CEO of Cyberport Ir Tony Wong Chi-kong, JP, Commissioner for Digital Policy, Digital Policy Office The Hon Rosanna LAW Shuk-pui, JP, Secretary for Culture, Sports and Tourism The Hon Mable CHAN, JP, Secretary for Transport and Logistics Mr Joseph Chan Ho-lim, JP, Under Secretary for Financial Services and the Treasury Mr Victor Tai Sheung-shing, JP, Under Secretary for Housing Mr Hendrick Sin Hon-Tik, MH, JP, Chairman of the Artificial Intelligence Funding Scheme Advisory Committee Mr Duncan Yau, Legislative Council Member (Technology and Innovation Constituency) Mr Chris Yeung Chin-pang, Assistant Director (Property Management), Hong Kong Housing Society Professor Alexander Wai Ping-Kong, JP, President and Vice-Chancellor of Hong Kong Baptist University Professor Yike GUO, BSc, PhD, Provost of the Hong Kong University of Science and Technology and the Director of the Hong Kong Generative AI Research and Development Centre Professor Hongxia Yang, Executive Director of PolyU Academy for Artificial Intelligence and Associate Dean (Global Engagement) of the Faculty of Computer and Mathematical Sciences, The Hong Kong Polytechnic University Ir Professor Thomas Ho On-Sing, Chairman of the Construction Industry Council Mr Alvin Kwock, CEO and Co-Founder of AIFT Mr Guo Yong, Founder and Chairman of China Year (Beijing) Technology Co. Ltd Dr Tao Xiaodong, Executive Director of iFLYTEK - Xunfei Healthcare Tech Co Ltd ( Mr Sam Kwong, Senior Director of Product Management, Klook Mr Calvin Ng, CEO of ZA Bank Episode 1: Star-Studded Premiere – Hong Kong's AI Ecosystem Unveiled Sneak Peek: Upcoming Episodes Episode 1 Strengthening Hong Kong's AI Ecosystem through Collaboration：how the Government and the industry, academia, research and investment sectors work in synergy to transform Hong Kong into an AI-powered smart city. Episode 2 AI innovation in Hong Kong and Supercomputing power. Episode 3 & 4 AI applications in the financial sector, improving services, compliance, and efficiency. Episode 5 AI in smart tourism, enabling personalised travel experiences. Episode 6 AI-driven digital transformation in logistics and new opportunities in the low-altitude economy. Episode 7 AI breakthroughs in diagnosis, treatment, and patient management in healthcare. Episode 8 Generative AI's role in arts and culture, preserving traditional Chinese heritage. Episode 9 The AI+ Era: Becoming an irreplaceable talent and seizing opportunities in the AI field! Episode 10 Data Demystified: Practical examples to help you understand the power of data-driven business! Episodes 11-16 AI applications in education, property management, transportation, construction, manufacturing, and cybersecurity. Episode 17 AI+ era: Future opportunities and challenges i First-run: Saturdays at 8:30 PM, HOY TV Channel 78 Re-run: Sundays at 6:30 PM, HOY TV Channel 77; Tuesdays at 10:00 PM, HOY TV Channel 78 Online Viewing: Episodes will be available on HOY TV's official online platform: Broadcast ScheduleFirst-run: Saturdays at 8:30 PM, HOY TV Channel 78Re-run: Sundays at 6:30 PM, HOY TV Channel 77; Tuesdays at 10:00 PM, HOY TV Channel 78Online Viewing:Episodes will be available on HOY TV's official online platform: HONG KONG SAR - Media OutReach Newswire - 17 July 2025 - The brand-new TV showwill premiere on 19 July (Saturday) at 8:30 PM on HOY TV Channel 78. This 17-episode series focuses on Artificial Intelligence (AI), inviting viewers to explore how AI is shaping the future and driving Hong Kong to become a global innovation and technology hub. Supported by Cyberport and hosted by Mr Nicholas Chan Hiu-Fung, BBS, MH, JP, Hong Kong Deputy to the National People's Congress and Cyberport Board Member, the programme brings together over 70 distinguished guests. These include honorable government officials, representatives from key I&T enterprises, Cyberport unicorns, Cyberport-incubated entrepreneurs, industry leaders, academic experts, and investors, who will discuss AI's applications and developments across various series will showcase how Hong Kong leverages AI to advance smart city development, stimulate cross-industry synergy, and facilitate digital transformation across sectors. It offers viewers a comprehensive perspective on how AI is transforming city landscapes, driving industry upgrades, and improving citizens' quality of 70 Distinguished Guests include, including but are not limited to:... And many Government and the industry, academia, research and investment sectorsThe highly anticipated first episode will air on 19 July 2025 (Saturday) at 8:30 PM, uncovering the intricate ecosystem of AI development in Hong Kong. The episode focuses on the collaboration between five key sectors: the Government and the industry, academia, research and investment sectors, showcasing how these domains synergise to position Hong Kong as a leading smart city. Viewers will gain insights into how government policies are strengthening research capabilities, accelerating innovation commercialisation, and fostering a comprehensive innovation and technology ecosystem to give Hong Kong a competitive edge in the global tech 1 Highlights:Prominent figures will share their visions, including Professor Sun Dong, JP (Secretary for Innovation, Technology and Industry), Mr Simon Chan Sai-Ming, BBS, JP (Chairman of Hong Kong Cyberport Management Company Limited), Dr Rocky Cheng, JP (CEO of Cyberport), Ir Tony Wong Chi-kong, JP (Commissioner for Digital Policy), The Hon Rosanna LAW Shuk-pui, JP (Secretary for Culture, Sports and Tourism), The Hon Mable CHAN, JP (Secretary for Transport and Logistics), Mr Joseph Chan Ho-lim, JP (Under Secretary for Financial Services and the Treasury), Ir Victor Tai Sheung-shing, JP (Under Secretary for Housing). In the second segment, industry leaders such as Mr Calvin Ng (CEO of ZA Bank), Mr Sam Kwong (Senior Director of Product Management at Klook), and Dr Tao Xiaodong (Executive Director of iFLYTEK - Xunfei Healthcare) will discuss diverse AI applications, from finance and healthcare to tourism and explore AI's impact across various sectors in the following episodes,Hashtag: #AIforHumans #HOYTV The issuer is solely responsible for the content of this announcement.
Finextra
2 days ago
- Business
- Finextra
Fluro appoints new board members
Consumer lender Fluro has appointed two new Non-Executive Directors to its Board, bringing decades of experience in the financial services and technology sectors, alongside regulation and governance. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. David Kenmir joins the Board as Chair. Having spent more than a decade at the Financial Services Authority - the precursor to the FCA - including five years as a member of its Board, Executive Committee and Regulatory Policy Committee. He was Partner at PWC for 13 years as co-lead of its conduct and culture and licensing practices. In addition, Brian Brodie has been appointed as a Non-Executive Director to Fluro's Board. An industry specialist, having been CEO of lenders Bevan Money, Freedom Finance and HML, as well as an adviser at technology investor Pollen Street Capital. Prior to these roles Brian held senior positions at RBS and Virgin Money. The appointments follow changes in Fluro's leadership team with Andrew Lawson, formerly Chief Product Officer at Zopa, joining as CEO; Micael Hoare as Chief Risk Officer, having previously been Chief Credit Officer for RateSetter; and Helga Taylor as CFO, bringing more than two decades of experience including at Lloyds Banking Group and Co-Operative Bank. As part of Fluro's refreshed Executive Committee, Jenny Steven and Graham Dodds take on new roles as Chief Operating Officer and Chief Product and Technology Officer, respectively. Commenting, incoming Fluro Chair, David Kenmir said: 'Fluro has established itself as a leading consumer lender, combining innovation with putting the customer at the centre of its product offer. As the company looks ahead to the next phase of its journey, I'm incredibly excited to be working with Andrew, Fluro's leadership and its wider team.' Fluro CEO Andrew Lawson said: 'David and Brian bring a wealth of expertise and we are delighted that they are joining Fluro's Board to support and shape our strategic direction. Working alongside our new leadership team and exceptional talent right across the company, they bring the right skills to support the next stage of Fluro's development and growth.'
Malay Mail
2 days ago
- Business
- Malay Mail
Brand New TV Show "AI for Humans" Officially Premieres Exploring the Limitless Potential of Artificial Intelligence in Hong Kong
Professor Sun Dong, Secretary for Innovation, Technology and Industry Mr Simon Chan Sai-Ming, Chairman of the Cyberport Board of Directors Dr Rocky Cheng, Cyberport CEO Ir Tony Wong Chi-kong, JP, Commissioner for Digital Policy The Hon Rosanna LAW Shuk-pui, JP, Secretary for Culture, Sports and Tourism The Hon Mable CHAN, JP, Secretary for Transport and Logistics Mr Joseph Chan Ho-lim, JP, Under Secretary for Financial Services and the Treasury Ir Victor Tai Sheung-shing, JP, Under Secretary for Housing Mr Frank Yang Chin-Pang, Assistant Director (Property Management), Hong Kong Housing Society Mr Duncan Yau, Legislative Council Member (Technology and Innovation Constituency) Mr Hendrick Sin Hon-Tik, Chairman of the Artificial Intelligence Funding Scheme Advisory Committee Professor Alexander Wai Ping-Kong, President of Hong Kong Baptist University Professor Guo Yike, Director of the Hong Kong Generative AI Research Centre Professor Hongxia Yang, Executive Director of PolyU Academy for Artificial Intelligence, Associate Dean (Global Engagement) of the Faculty of Computer and Mathematical Sciences and Professor of the Department of Computing Ir Professor Thomas Ho On-Sing, Chairman of the Construction Industry Council Mr Alvin Kwock, CEO and Co-Founder of AIFT Mr Guo Yong, Founder and Chairman of China Film Niannian Dr Tao Xiaodong, Executive Director & GM of iFLYTEK Healthcare (2506 HK) Mr Sam Kwong, Senior Director of Platform at Klook Mr Calvin Ng, CEO of ZA Bank Episode 1: Star-Studded Premiere – Hong Kong's AI Ecosystem Unveiled Sneak Peek: Upcoming Episodes Episode 1 Strengthening Hong Kong's AI Ecosystem through Collaboration：Policy, Industry, Academia, Research, and Investment Episode 2 Supercomputing and AI innovation in Hong Kong. Episode 3 & 4 AI applications in the financial sector, improving services, compliance, and efficiency. Episode 5 AI in smart tourism, enabling personalised travel experiences. Episode 6 AI-driven digital transformation in logistics and new opportunities in the low-altitude economy. Episode 7 AI breakthroughs in diagnosis, treatment, and patient management in healthcare. Episode 8 Generative AI's role in arts and culture, preserving traditional Chinese heritage. Episode 9 The AI+ Era: Becoming an Irreplaceable Talent and Seizing Opportunities in the AI Field! Episode 10 Data Demystified: Practical Examples to Help You Understand the Power of Data-Driven Business! Episodes 11-16 AI applications in education, property management, transportation, construction, manufacturing, and cybersecurity. Episode 17 Future opportunities and challenges in AI ecosystems. HONG KONG SAR - Media OutReach Newswire - 17 July 2025 - The brand-new TV showwill premiere on 19 July (Saturday) at 8:30 PMon HOY TV Channel 78. This 17-episode series focuses on Artificial Intelligence (AI), inviting viewers to explore how AI is shaping the future and driving Hong Kong to become a global innovation and technology hub. Supported by Cyberport and hosted by Mr Nicholas Chan Hiu-Fung, BBS, MH, JP, Hong Kong Deputy to the National People's Congress and Cyberport Board Member, the programme brings together over 70 distinguished guests. These include senior government officials, representatives from key enterprises, unicorn companies, industry leaders, startup founders, academic experts, and investors, who will discuss AI's applications and developments across various series will showcase how Hong Kong leverages AI to advance smart city development, stimulate cross-industry synergy, and facilitate digital transformation across sectors. It offers viewers a comprehensive perspective on how AI is transforming urban landscapes, driving industry upgrades, and improving citizens' quality of 70 Distinguished Guests include, but are not limited to:... And many highly anticipated first episode will air on 19 July 2025 (Saturday) at 8:30 PM, uncovering the intricate ecosystem of AI development in Hong Kong. The episode focuses on the collaboration between five key sectors: Policy, Industry, Academia, Research, and Investment, showcasing how these domains synergise to position Hong Kong as a leading smart city. Viewers will gain insights into how government policies are strengthening research capabilities, accelerating innovation commercialisation, and fostering a comprehensive innovation and technology ecosystem to give Hong Kong a competitive edge in the global tech 1 Highlights:Prominent figures will share their visions, including Professor Sun Dong (Secretary for Innovation, Technology and Industry), Mr Simon Chan Sai-Ming (Chairman of the Cyberport Board of Directors), The Hon Rosanna LAW Shuk-pui, JP (Secretary for Culture, Sports and Tourism), The Hon Mable CHAN, JP ( Secretary for Transport and Logistics), Ir Victor Tai Sheung-shing, JP (Under Secretary for Housing) and Mr Joseph Chan Ho-lim, JP (Under Secretary for Financial Services and the Treasury). In the second segment, industry leaders such as Mr Mr Calvin Ng (CEO of ZA Bank), Mr Sam Kwong (Senior Director of Platform at Klook), and Dr Tao Xiaodong (Executive Director & GM of iFLYTEK Healthcare (2506 HK)) will discuss diverse AI applications, from finance and healthcare to tourism and explore AI's impact across various sectors in the followingBroadcast ScheduleFirst-run: Saturdays at 8:30 PM, HOY TV Channel 78Re-run: Sundays at 6:30 PM, HOY TV Channel 77; Tuesdays at 10:00 PM, HOY TV Channel 78Online Viewing:Episodes will be available on HOY TV's official online #AIforHumans #HOYTV The issuer is solely responsible for the content of this announcement.
Yahoo
2 days ago
- Business
- Yahoo
Scotiabank Raises Comcast (CMCSA) Price Target, Maintains Sector Perform Rating
Comcast Corporation (NASDAQ:CMCSA) is one of the Best Non-Mega Cap NASDAQ Stocks to Buy Right Now. Scotiabank has nudged its price target on Comcast Corporation (NASDAQ:CMCSA) to $45 from $44.50, maintaining a rating on the stock. The adjustment reflects the bank's cautious optimism toward the broader Telecom, Media, and Technology (TMT) space as macroeconomic pressures intensify. A couple watching their favorite show on TV, enjoying the entertainment network service. In a note to clients, Scotiabank analysts described the TMT sector as a 'great place to hide' amid mounting global uncertainties, including slowing economic momentum and the impact of escalating tariff disputes. The firm sees companies like Comcast as relatively well-positioned to weather volatility, offering stability in a shifting landscape. While financial performance across the sector is expected to hold steady, Scotiabank flagged potential softness in key subscriber metrics. The bank pointed to slowing population growth, largely attributed to reduced immigration, as a factor that may weigh on new customer acquisition, particularly in broadband and wireless segments. Still, the firm sees Comcast's diversified portfolio, which spans broadband, content, and theme parks, as a buffer against near-term pressures. The modest target increase reflects both confidence in Comcast's earnings potential and caution over demographic headwinds. While we acknowledge the potential of CMCSA 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: Top 10 Healthcare AI Stocks to Buy According to Hedge Funds and 10 Consumer Defensive Stocks to Buy Now. Disclosure: None. This article is originally published at Insider Monkey.
