Latest news with #businessservices
Bloomberg
an hour ago
- Business
- Bloomberg
Moelis Hires HSBC Business Services Dealmaker Milano
Boutique investment bank Moelis & Co. is hiring HSBC Holdings Plc business services banker Mark Milano for a senior role in London, according to people with knowledge of the matter. Milano is set to start at Moelis in late June as a London-based managing director for business services in Europe, the Middle East and Africa, the people said. The 47-year-old banker, who's a Canadian and British national, joined HSBC as a managing director in 2019, according to his LinkedIn profile.
National Post
12 hours ago
- Business
- National Post
AppDirect Expands Innovative Technology Marketplace to Own Energy Procurement With Acquisition of Broker Online Exchange
Article content As AI-driven energy demands surge, AppDirect's forward-thinking acquisition reinforces its role as the everything store for businesses to buy, sell, and manage all critical services with the support of an experienced advisor Article content Article content SAN FRANCISCO — AppDirect, the world's leading B2B commerce platform, today announced a first-of-its-kind move to power the next era of AI-driven business services: the acquisition of Broker Online Exchange (BOX), North America's leading retail energy network. Through this acquisition, AppDirect is continuing to expand and redefine how their partner network can sell, manage and optimize the critical services their customers rely on. Article content According to Gartner®, 'The long-term view is unshakable: electricity demand is projected to grow 42% by 2035. Affordable, accessible energy is a core enabler of economic competitiveness and an essential hedge against climate driven instability.' 1 This acquisition will enable AppDirect to broaden its portfolio of solutions—which currently includes cloud, telco, mobility, hardware, AI and now, energy—that its advisor community can offer their end business clients. Article content With energy demand projected to grow dramatically over the next 10 years, BOX provides over 2000 independent energy brokers access to the widest range of top electricity and gas suppliers, instant pricing, back office support and expansive industry expertise. Its My Service Cloud (MSC) platform supplies brokers with an energy broker CRM that assists in creating contracts and providing pricing, commissions and automated contract renewal management. Through this acquisition, AppDirect will add these capabilities to its expansive solution portfolio, which technology advisors can offer to their clients. Similarly, BOX brokers will gain access to AppDirect's technology solutions to sell and provide to their end clients to enable them to expand their share of wallet. Article content 'AppDirect's deep commitment to its technology advisors mirrors BOX's commitment to our energy broker community, so partnering with the team is a natural fit, providing incredible opportunities,' said Arthur Gruen, CEO of BOX. 'AppDirect has a diverse catalog of services and procurement platforms to manage those services ongoing. This, in turn, gives our energy broker community an entirely new set of solutions to add even more value to their customers, expand their share of wallet and quickly grow revenue.' Article content AppDirect's acquisition of BOX, following its recent acquisitions of Builtfirst, Firstbase and its impending acquisition of vCom, is another strategic enhancement that supports its vision of becoming the everything store for businesses through its advisors. By adding BOX's energy expertise to its catalog, AppDirect further solidifies its position as a marketplace and unified IT lifecycle management platform that supports a wide range of services—expanding its dedication to ease the lives of business leaders and offering additional value to technology advisors and brokers. Article content 'Business is entering a new era where technology alone isn't enough; it also needs the infrastructure that powers it,' said Nicolas Desmarais, AppDirect's Chairman and CEO. 'By bringing energy into our marketplace, AppDirect is setting a new standard for how businesses buy and manage the critical services they need to succeed, powered by our advisor and broker community. We believe the future belongs to companies that control the foundation, and we are proud to be the first to take this step.' Article content This acquisition is expected to provide an upside opportunity for both BOX and AppDirect customers and partners. A&D Global Advisors LLC/M&A Securities Group Inc. served as exclusive financial advisors to Broker Online Exchange LLC in this transaction. The BOX brand will continue to operate in the market and provide the same level of quality support its partners have come to expect. Article content To learn more about AppDirect, connect with our team or head to To learn more about BOX, go to Article content Gartner, Inc. 7 Trends Shaping the Future of Electricity, Lauren Wheatley, Sarah Watt, Lloyd Jones, Shanna Grafeld, Tsuneo Fujiwara, Chet Geschickter, Sabu Mathai, 1 May 2025 GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved. Article content About AppDirect Article content AppDirect is a B2B subscription commerce platform company that brings together technology providers, advisors, and businesses to simplify how they buy, sell, and manage technology. More than 1,000 providers, 10,000 advisors, and 5 million subscribers rely on the AppDirect ecosystem of subscription marketplaces to power their innovation, growth, and success. For more information, visit and follow us on LinkedIn. Article content Article content Article content Article content Article content
Globe and Mail
a day ago
- Business
- Globe and Mail
McNear Agency Services LLC: Empowering Businesses Through Excellence and Innovation
McNear Agency Services LLC: Empowering Businesses Through Excellence and Innovation McNear Agency Services LLC, headquartered in Woodbridge, Virginia, is a dynamic professional services firm specializing in facility operations, administrative support, marketing, and security solutions. Established with the mission to assist individuals and teams in transforming their business aspirations into tangible reality, the company has rapidly gained recognition for its commitment to quality, professionalism, and client-focused service. A Visionary Leader at the Helm At the forefront of McNear Agency Services is Elijah McNear, a young entrepreneur with a proven track record of success. His passion for business and dedication to helping others fuel the company's commitment to providing exceptional service to its clients. Under his leadership, the company has expanded its reach and diversified its service offerings, positioning itself as a trusted partner for businesses and government agencies alike. Comprehensive Service Offerings McNear Agency Services offers a wide array of services designed to meet the diverse needs of its clientele: Facility Support Services: Providing top-notch support tailored to various establishments, including office buildings, hospitals, hotels, and restaurants, ensuring a safe and efficient work environment. Security Guard & Patrol: Offering the expertise of on-site personnel dedicated to ensuring the safety and security of premises and individuals through active patrols, surveillance monitoring, and thorough inspections.(McNear Agency Services) Marketing Services: Delivering comprehensive marketing solutions tailored to local, regional, and national businesses, as well as individuals seeking to enhance their online presence and gain recognition on various platforms.(McNear Agency Services) Custodial Services: Providing meticulous attention to detail and cleanliness, ensuring that no surface goes untouched, backed by comprehensive customer service training and experienced management guidance.(McNear Agency Services) Ground Maintenance: Offering reliable and satisfactory hardscape, lawn, and landscape services, completed with the highest standards of quality and precision.(McNear Agency Services) Computer System and Design: Understanding the critical role of technology in business growth, the company offers a comprehensive suite of computer system and design services tailored to meet unique organizational needs. Core Values and Client Commitment McNear Agency Services operates on a foundation of core values that guide its interactions and service delivery: Professionalism: Ensuring that trained, uniformed staff are ready to serve with excellence. Accountability: Honoring commitments and tracking performance to maintain high standards. Transparency: Maintaining clear communication and honest operations. Empowerment: Investing in people to deliver superior results. These values have earned the company praise from clients, with testimonials highlighting the team's responsiveness, professionalism, and ability to exceed expectations. Certifications and Compliance Demonstrating its readiness to meet diverse client needs, McNear Agency Services holds several key certifications and complies with industry standards: SAM Registered CAGE Code Verified UEI: Y649NR79EA99 OSHA Compliant Training Government Contract-Ready A Partner for Success By combining small-business dedication with enterprise-level standards, McNear Agency Services delivers unmatched service, reliability, and results. Its client-centered approach, diverse service offerings, and commitment to excellence make it a valuable partner for organizations seeking to achieve their goals and navigate the ever-changing business landscape. For more information or to explore how McNear Agency Services can support your business needs, visit their website at
Wall Street Journal
22-05-2025
- Business
- Wall Street Journal
Intuit Seeing Stable Environment for Consumers, Businesses While Tariffs Play Out
Intuit INTU 0.92%increase; green up pointing triangle is seeing a largely stable environment for consumers and businesses alike despite tariffs that have brought on a more uncertain economic climate. Sandeep Aujla, chief financial officer of the company behind TurboTax and Credit Karma, said that on the business side, a large majority of the businesses it serves tend to be services-oriented rather than being product-oriented, minimizing some of the tariffs' impact.
Yahoo
08-05-2025
- Business
- Yahoo
Tetra Tech (NASDAQ:TTEK) Surprises With Q1 Sales, Stock Soars
We at StockStory place the most emphasis on long-term growth, but within business services, a half-decade historical view may miss recent innovations or disruptive industry trends. Tetra Tech's annualized revenue growth of 20% over the last two years is above its five-year trend, suggesting its demand was strong and recently accelerated. As you can see below, Tetra Tech's sales grew at an exceptional 13.2% compounded annual growth rate over the last five years. This is a great starting point for our analysis because it shows Tetra Tech's demand was higher than many business services companies. With $4.56 billion in revenue over the past 12 months, Tetra Tech is a mid-sized business services company, which sometimes brings disadvantages compared to larger competitors benefiting from better economies of scale. On the bright side, it can still flex high growth rates because it's working from a smaller revenue base. Examining a company's long-term performance can provide clues about its quality. Any business can put up a good quarter or two, but the best consistently grow over the long haul. With a 50-year legacy of "Leading with Science" and operations on all seven continents, Tetra Tech (NASDAQ:TTEK) provides high-end consulting and engineering services focused on water management, environmental solutions, and sustainable infrastructure for government and commercial clients worldwide. The company lifted its revenue guidance for the full year to $4.77 billion at the midpoint from $4.57 billion, a 4.4% increase Is now the time to buy Tetra Tech? Find out in our full research report . Environmental engineering firm Tetra Tech (NASDAQ:TTEK) announced better-than-expected revenue in Q1 CY2025, with sales up 4.9% year on year to $1.10 billion. On top of that, next quarter's revenue guidance ($1.15 billion at the midpoint) was surprisingly good and 4.2% above what analysts were expecting. Its GAAP profit of $0.02 per share was 93.4% below analysts' consensus estimates. Story Continues Tetra Tech Year-On-Year Revenue Growth We can better understand the company's revenue dynamics by analyzing its backlog, or the value of its outstanding orders that have not yet been executed or delivered. Tetra Tech's backlog reached $4.09 billion in the latest quarter and averaged 15% year-on-year growth over the last two years. Because this number is lower than its revenue growth, we can see the company fulfilled orders at a faster rate than it added new orders to the backlog. This implies Tetra Tech was operating efficiently but raises questions about the health of its sales pipeline. Tetra Tech Backlog This quarter, Tetra Tech reported modest year-on-year revenue growth of 4.9% but beat Wall Street's estimates by 6.6%. Company management is currently guiding for a 3.6% year-on-year increase in sales next quarter. Looking further ahead, sell-side analysts expect revenue to decline by 1.6% over the next 12 months, a deceleration versus the last two years. This projection is underwhelming and implies its products and services will see some demand headwinds. At least the company is tracking well in other measures of financial health. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) stock benefiting from the rise of AI. Click here to access our free report one of our favorites growth stories. Adjusted Operating Margin Tetra Tech has done a decent job managing its cost base over the last five years. The company has produced an average adjusted operating margin of 11.4%, higher than the broader business services sector. Analyzing the trend in its profitability, Tetra Tech's adjusted operating margin rose by 1.2 percentage points over the last five years, as its sales growth gave it operating leverage. Tetra Tech Trailing 12-Month Operating Margin (Non-GAAP) This quarter, Tetra Tech generated an adjusted operating profit margin of 11.8%, in line with the same quarter last year. This indicates the company's overall cost structure has been relatively stable. Earnings Per Share We track the long-term change in earnings per share (EPS) for the same reason as long-term revenue growth. Compared to revenue, however, EPS highlights whether a company's growth is profitable. Tetra Tech's EPS grew at an unimpressive 6% compounded annual growth rate over the last five years, lower than its 13.2% annualized revenue growth. However, its adjusted operating margin actually expanded during this time, telling us that non-fundamental factors such as taxes affected its ultimate earnings. Tetra Tech Trailing 12-Month EPS (GAAP) In Q1, Tetra Tech reported EPS at $0.02, down from $0.28 in the same quarter last year. This print missed analysts' estimates. Over the next 12 months, Wall Street expects Tetra Tech's full-year EPS of $0.69 to grow 98.2%. Key Takeaways from Tetra Tech's Q1 Results We were impressed by how significantly Tetra Tech blew past analysts' revenue and EBITDA expectations this quarter. We were also excited it raised its full-year revenue and EPS guidance. On the other hand, its backlog declined and fell short of Wall Street's estimates. Overall, we think this was still a decent quarter with some key metrics above expectations. The stock traded up 6.7% to $32.95 immediately following the results. Indeed, Tetra Tech had a rock-solid quarterly earnings result, but is this stock a good investment here? What happened in the latest quarter matters, but not as much as longer-term business quality and valuation, when deciding whether to invest in this stock. We cover that in our actionable full research report which you can read here, it's free.
