Latest news with #grossprofit
Zawya
11 hours ago
- Business
- Zawya
South Africa: Strong second-half sales boost Mr Price's annual profit
South African fashion retailer Mr Price reported a 10.1% increase in full-year earnings, supported by strong second-half performance amid improved sales growth and reduced markdowns. Diluted headline earnings per share, a key profit measure in South Africa, rose to R13.79, while operating profit grew 8.9% to R5.8bn in the 52-week period ended 29 March 2025. Group revenue rose 7.9% to R40.9bn, with retail sales up 7.8% at R39.4bn. Comparable store sales increased by 3.4%. "The first half of the financial year was challenging for the retail sector but improved in the second half. The growth in sales momentum through the second half was supported by strong comparable store sales growth and gross profit margin gains across all trading segments," group CEO Mark Blair said in a statement. The group's gross profit margin expanded 80 basis points to 40.5%, due to strong "merchandise execution" and lower markdowns, the retailer said. Retail sales and comparable store sales in the second half accelerated to 9.9% and 5.7%, respectively, the retailer said. This came despite a weaker February for the retail sector and the shift of school holidays and Easter from March to April. Mr Price, which also sells sportswear and appliances, declared a final dividend of 593.50 cents, up 12.7% from last year.
Yahoo
22-05-2025
- Business
- Yahoo
Alchip Technologies Reports 2025 FIRST QUARTER Financial Results
Net Income and Gross Profits Up YoY Despite Small Revenue Decline Revenue Breakdown by Region Taipei, Taiwan, May 22, 2025 (GLOBE NEWSWIRE) -- Alchip Technologies has reported year-over-year growth in first quarter 2025 net income and gross profit, despite a slight year-over-year decline in first quarter 2025 revenue. First quarter 2025 revenue is $318.7 million, down 4.4% from first quarter 2024 revenue of $333.6 million. It is also 21.1 % lower than fourth quarter 2024 revenue of $404.1 million. Net income for first quarter 2025 is $44.4 million, up 13.9 % from first quarter 2024 net income of $39 million, but down 22% from fourth quarter 2024 net income of $56.9 million. Likewise, first quarter 2025 gross profit reached $73.8 million, a 17.8% increase over first quarter 2024 gross profit of $62.7 million, but down 13.8% from fourth quarter 2024 gross profit of $85.6 million. President and CEO Johnny Shen attributed the revenue decline to a tapering off 7nm AI chip shipments to a North American customer, coupled with a seasonal shift in NRE projects. Geographically, Alchip reported that North America accounted for 93% of first quarter 2025 revenue, up from 77% from the same quarter a year before. Asia Pacific contributed 5% of first quarter 2025 revenue, while Japan accounted for 2%. On a technology basis, 5nm and more advanced geometry designs accounted for 41% of first quarter 2025 revenue, with designs at the 7nm node accounting for 55%. Designs at nodes ranging from 12nm and larger geometries accounted for the remaining 4%. The Company's bellwether high-performance computing applications accounted for 95% of first quarter 2025 revenue. Mr. Shen also provided a technology update, reporting that the North American NRE pipeline remains strong and that the company has taped out its first 3nm AI accelerator project, with mass production expected in early 2026. He also stated that the company anticipates strong demand for high-performance computing NRE projects, especially in North American, where the HPC field keeps on being robust. Alchip is traded on the Taiwan Stock Exchange, with Global Depository Receipts trading on the Luxembourg Exchange. The Company is well respected in North America, Japan, Israel, and Asia for its high-performance ASIC design methodology, flexible business model, best-in-class IP portfolio and advanced packaging technology expertise. About Alchip Alchip Technologies Ltd., founded in 2003 and headquartered in Taipei, Taiwan, is a leading global High-Performance Computing and AI infrastructure ASIC provider of IC and packaging design, and production services for companies developing complex and high-volume ASICs and SoCs. Alchip provides faster time-to-market and cost-effective solutions for SoC design at mainstream and advanced process technology. Alchip has built its reputation as a high-performance ASIC leader through its advanced 2.5D/3D CoWoS packaging, chiplet design, and manufacturing management. Customers include global leaders in artificial intelligence, high-performance computing, supercomputing, mobile communications, entertainment device, networking equipment, and other electronic product categories. Alchip is listed on the Taiwan Stock Exchange (TWSE: 3661). For more information, please visit our website: Attachment Revenue Breakdown by Region CONTACT: Charles Byers Alchip Technologies + (408)-310-9244 chuck_byers@ 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
Associated Press
16-05-2025
- Business
- Associated Press
ATA Creativity Global Reports Q1 2025 Financial Results
Reports Q1 2025 Results with Net Revenues and Gross Profit Increases of 15.9% Respectively, as Compared to Q1 2024 Conference Call Scheduled for Friday, May 16, at 9:00 a.m. Eastern Time (Friday, May 16, at 9:00 p.m. Beijing Time) with Accompanying Audio and Slide Webcast BEIJING, CHINA / ACCESS Newswire / May 16, 2025 / ATA Creativity Global ('ACG' or the 'Company'), (Nasdaq:AACG), an international educational services company focused on providing quality learning experiences that cultivate and enhance students' creativity, today announced preliminary unaudited financial results for the first quarter ('Q1 2025") ended March 31, 2025. All amounts presented in U.S. dollars ($) in this news release are based on a conversion rate of RMB7.2567 to $1.00 for reporting period ended March 31, 2025. Q1 2025 Financial Highlights Q1 2025 Operational Highlights The following is a summary of the credit hours delivered for ACG's portfolio training programs for Q1 2025, compared to those for the prior-year period: Management Commentary Mr. Kevin Ma, Chairman and CEO of ACG, stated, 'We are pleased with the approximately 16% increase in both net revenues and gross profits in Q1 2025, driven by increased contribution from our portfolio training and research-based learning services, as we delivered more services and hosted a variety of research-based learning projects during the quarter. Despite normalized student enrollment rates during Q1 2025 compared to the same periods of 2024 and 2023, total credit hours delivered increased by 5.8%, driven by a 15.5% rise in credit hours delivered for our project-based programs. Higher net revenues and slightly reduced operating expenses contributed to improved bottom-line results during the quarter as compared to Q1 2024.' Mr. Ma continued, 'In Q1 2025, we continued to launch new research-based projects and organized multiple in-person and online classes. In-person projects included a themed camp to Hainan Province,an AI training camp at Alibaba, tours to the United States and Japan, and a Milan Fashion Week project in Italy, accommodating more than 100 students in total. Apart from our usual Master Class projects, which were held in an online group class form, we also delivered a creative art therapy training program, providing insights into art therapy through practical case sharing in interactive live online sessions. At the same time, ACG students continued to report favorable admission results, with offer letters and scholarships received from Ivy League and other reputable colleges around the world. Due to our continued investments and focus on providing state-of-the-art educational services, we remain a trusted partner to our growing student population in their pursuit of overseas arts education.' Guidance for FY 2025 ACG expects to report total net revenues of between RMB276 million and RMB281 million for the year ending December 31, 2025, which represents a year-over-year increase of around 3% to 5%. This guidance assumption is based on the Company's existing business, initiatives underway for the year ending December 31, 2025 and the current and preliminary view of existing domestic and international market conditions, which are subject to change. Mr. Jun Zhang, President of ACG, added, 'We anticipate ACG's core portfolio training services and all other services designed to help students create a compelling application portfolio to continue to expand in 2025. In addition to the regular Master Classes in line for Q2 2025, we have an exciting pipeline of research-based learning projects for the summer, which are expected to generate meaningful net revenues. Furthermore, we have expanded our international partnerships with colleges and universities beyond the U.S. and the U.K., and have observed a growing interest among students in applying for creative arts programs in Europe, Japan and Singapore.' Mr. Zhang continued, 'We remain focused on driving organic expansion, controlling expenses and improving overall operational efficiency, as we have strategically allocated marketing resources to higher-performing campus locations, aiming to increase classroom utilization, while at the same time providing higher-value programs. We are helping students complete their portfolio creation projects more efficiently through mindful planning and intensified coaching. The variety of new project-based programs we are offering are gaining traction, as we are fostering creative thinking via an interactive learning environment and providing flexibility as many of these programs can be completed in-person and / or online. We are enthusiastic about China's creative arts education market, and our goal is to expand our student population by leveraging our existing teaching resources, and also introducing new programs to older adults and younger generation interested in art studies, workshops and themed travels. We believe ACG's long-term domestic and international partnership base, our competitive and highly experienced teaching team, and the investments we have made and continue to make in new programs, allow us to stand out from our competitors.' Conference Call and Webcast Information (With Accompanying Presentation) ACG will host a conference call at 9:00 a.m. Eastern Time on Friday, May 16 (9:00 p.m. Beijing Time on Friday, May 16), during which management will discuss Q1 2025 results. To participate in the conference call, please use the following dial-in numbers about 10 minutes prior to the scheduled conference call time: A simultaneous audio webcast including accompanying slides may be accessed via the following link: or via the investor relations section of the Company's website For those unable to listen to the live webcast, the replay will be available on the Company's website shortly after the conclusion of the call. Q1 2025 Financial Review - GAAP Results ACG's total net revenues for Q1 2025 of RMB55.8 million (or $7.7 million), increased 15.9% as compared to RMB48.1 million in Q1 2024, primarily due to increased revenue contributions from portfolio training programs and research-based learning services. Specifically: Gross profit for Q1 2025 of RMB25.4 million (or $3.5 million) increased 15.9%, from RMB21.9 million in Q1 2024, mainly as a result of higher net revenues. Gross margin remained unchanged at 45.5%, compared to the prior-year period. Total operating expenses for Q1 2025 were RMB42.2 million (or $5.8 million), representing a slight decrease of 3.2% from RMB43.6 million in Q1 2024, while as a percentage of net revenues, the total operating expenses decreased to 75.6%, compared to 90.6% in Q1 2024. The slight decrease in total operating expenses for Q1 2025 was mainly related to lower selling expenses and research and development expenses, and the collection of previously impaired loans and other receivables, offset by increased general & administrative expenses related to professional fees and development of new projects. Specifically, for Q1 2025: Loss from operations for Q1 2025 decreased to RMB16.8 million (or $2.3 million), as compared to loss from operations of RMB21.7 million in Q1 2024, mainly as a result of higher net revenues and operating leverage. Similarly, net loss attributable to ACG for Q1 2025 was RMB13.3 million (or $1.8 million), as compared to net loss attributable to ACG of RMB17.9 million in Q1 2024. Basic and diluted losses per common share attributable to ACG for Q1 2025 were RMB0.21 (or $0.03), compared to basic and diluted losses per common share of RMB0.29 for Q1 2024. Non-GAAP Measures Adjusted net loss attributable to ACG for Q1 2025, which excludes share-based compensation expense and foreign currency exchange losses, net, was RMB13.3 million (or $1.8 million), compared to adjusted net loss of RMB16.9 million in Q1 2024. Basic and diluted losses per common share attributable to ACG excluding share-based compensation expense and foreign currency exchange losses, net for Q1 2025, were RMB0.21 (or $0.03). Basic and diluted losses per ADS attributable to ACG excluding share-based compensation expense and foreign currency exchange losses, net for Q1 2025 were RMB0.42 (or $0.06). Please see the note about non-GAAP measures and the reconciliation table at the end of this press release. Other Data The number of weighted average ADSs used to calculate basic and diluted losses per ADS for Q1 2025 were both 31.6 million. Each ADS represents two common shares. Balance Sheet Highlights As of March 31, 2025, ACG's cash and cash equivalents were RMB39.4million (or $5.4 million), working capital deficit was RMB298.5 million (or $41.1 million), and total shareholders' equity was RMB66.4million (or $9.1 million); compared to cash and cash equivalents of RMB36.5 million, working capital deficit of RMB287.9 million, and total shareholders' equity of RMB79.6 million, respectively, as of December 31, 2024. About ATA Creativity Global ATA Creativity Global is an international educational services company focused on providing quality learning experiences that cultivate and enhance students' creativity. ATA Creativity Global offers a wide range of education services consisting primarily of portfolio training, research-based learning services, overseas study counselling and other educational services through its training center network. For more information, please visit ACG's website at Cautionary Note Regarding Forward-looking Statements This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terms such as 'anticipate,' 'believe,' 'could,' 'estimate,' 'expect,' 'forecast,' 'future,' 'intend,' 'look forward to,' 'outlook,' 'guidance,' 'plan,' 'should,' 'will,' and similar terms and include, among other things, statements regarding ACG's future growth and results of operations; ACG's plans for mergers and acquisitions generally; ACG's growth strategy, anticipated growth prospects and subsequent business activities; ACG's 2025 guidance; market demand for, and market acceptance and competitiveness of, ACG's portfolio training programs and other education services. The factors that could cause the Company's actual financial and operating results to differ from what the Company currently anticipates may include its ability to develop and create content that could accommodate needs of potential students, its ability to provide effective creative related international education services and control sales and marketing expenses, its recognition in the marketplace for services it delivered and branding it established, its ability to maintain market share amid increasing competition, its ability to identify and execute on M&A opportunities within the education sector and its ability to integrate the acquired business, the economy of China, uncertainties with respect to China's legal and regulatory environments, the impact of the political tensions between the United States and China or other international tensions, and the impact of actual or potential international trade or military conflicts, and other factors stated in the Company's filings with the U.S. Securities and Exchange Commission ('SEC'). The financial information contained in this release should be read in conjunction with the consolidated financial statements and related notes included in the Company's annual report on Form 20-F for its fiscal year ended December 31, 2024, and other filings that ACG has made with the SEC. The filings are available on the SEC's website at and at ACG's website at For additional information on the risk factors that could adversely affect the Company's business, financial conditions, results of operations, and prospects, please see the 'Risk Factors' section of the Company's Form 20-F for the fiscal year ended December 31, 2024. The forward-looking statements in this release involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates, and projections about ACG and the markets in which it operates. The Company undertakes no obligation to update forward-looking statements, which speak only as of the date of this release, to reflect subsequent events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that its expectations and assumptions expressed in these forward-looking statements are reasonable, the Company cannot assure you that its expectations and assumptions will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results. Currency Convenience Translation The Company's financial information is stated in Renminbi ('RMB'), the currency of the People's Republic of China. The translations of RMB amounts for the quarter ended March 31, 2025, into U.S. dollars are included solely for the convenience of readers and have been made at the rate of RMB7.2567 to $1.00, the noon buying rate as of March 31, 2025, in New York for cable transfers in RMB per U.S. dollar as set forth in the H.10 weekly statistical release of the Federal Reserve Board. Such translations should not be construed as representations that RMB amounts could be converted into U.S. dollars at that rate or any other rate, or to be the amounts that would have been reported under U.S. generally accepted accounting principles ('GAAP'). About Non-GAAP Financial Measures To supplement ACG's consolidated financial information presented in accordance with U.S. GAAP, ACG uses the following non-GAAP financial measures: net income (loss) excluding share-based compensation expense and foreign currency exchange gain or loss, and basic and diluted earnings (losses) per common share and ADS excluding share-based compensation expense and foreign currency exchange gain or loss. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. ACG believes these non-GAAP financial measures provide meaningful supplemental information about its performance by excluding share-based compensation expense and foreign currency exchange gain or loss, which may not be indicative of its operating performance. ACG believes that both management and investors benefit from these non-GAAP financial measures in assessing its performance and when planning and forecasting future periods. These non-GAAP financial measures also facilitate management's internal comparisons to ACG's historical performance. ACG computes its non-GAAP financial measures using a consistent method from period to period. ACG believes these non-GAAP financial measures are useful to investors in allowing for greater transparency with respect to supplemental information used by management in its financial and operational decision making. A limitation of using non-GAAP net income (loss) excluding share-based compensation expense and foreign currency exchange gain or loss and basic and diluted earnings (losses) per common share and per ADS excluding share-based compensation expense and foreign currency exchange gain or loss is that share-based compensation charges and foreign currency exchange gain or loss have been, and are expected to continue to be for the foreseeable future, a significant recurring expense in ACG's business. Management compensates for these limitations by providing specific information regarding the GAAP amounts excluded from each non-GAAP measure. The table captioned 'Reconciliations of Non-GAAP Measures to the Most Comparable GAAP Measures' shown at the end of this news release has more details on the reconciliations between GAAP financial measures that are most directly comparable to the non-GAAP financial measures used by ACG. For more information on our company, please contact the following individuals: ATA CREATIVITY GLOBAL AND SUBSIDIARIES UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS ATA CREATIVITY GLOBAL AND SUBSIDIARIES UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) RECONCILIATIONS OF NON-GAAP MEASURES TO THE MOST COMPARABLE GAAP MEASURES SOURCE: ATA Creativity Global press release
Yahoo
13-05-2025
- Business
- Yahoo
Gaia Inc (GAIA) Q1 2025 Earnings Call Highlights: Revenue Growth and AI Innovations Amid ...
Revenue: $23.8 million, up 12% year-over-year. Gross Profit: $20.9 million, a 15% increase from the previous year. Gross Margin: Improved to 87.8%, up from 85.4% in the prior year. EPS: Net loss of $0.04 per share, an improvement of $0.01 from the previous year. Operating Cash Flow: $1.3 million for the quarter. Free Cash Flow: $0.7 million for the quarter. Cash Balance: $13.1 million at quarter end. Member Count: Grew to 867,000 members. Annualized Gross Profit per Employee: Increased to over $800,000, up from $680,000 a year ago. Warning! GuruFocus has detected 4 Warning Signs with GAIA. Release Date: May 12, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Gaia Inc (NASDAQ:GAIA) reported a 12% increase in revenue and a 15% increase in gross profit for Q1 2025. The company's gross margin improved to 87.8%, up from 85.4% in the previous year. Member count grew to 867,000, with a focus on high lifetime value members. Gaia Inc (NASDAQ:GAIA) is embracing an AI-first strategy, with plans to launch a conscious AI companion by early 2026. The company successfully raised $8 million in a stock offering, which is being allocated to AI development and community initiatives. Marketplace revenue was lower than expected, leading to a 1% revenue miss in Q1. A U.S. Level 3 travel advisory for Egypt impacted the company's marketplace performance. Q2 is expected to be softer than anticipated due to marketplace challenges. The company reported a net loss of $0.04 per share, despite improvements in EPS. The transition of the CEO role may introduce uncertainties in leadership dynamics. Q: Can you provide an update on the Igniton launch timeline? A: Jirka Rysavy, Chairman and CEO, stated that the Igniton brand will be introduced at the Biohacking Conference at the end of the month, with a market launch planned after July 4th. Q: Is the CEO transition happening at the end of Q2? A: James Colquhoun, COO, confirmed that Kiersten Medvedich will assume the CEO role at the end of Q2, while he will focus on high-level licensing opportunities to expand Gaia's revenue and market perception. Q: How is AI being integrated into Gaia's platform? A: James Colquhoun explained that AI will be integrated into Gaia's current product line, allowing members to interact with generative AI within the app or web platform. This will enable deeper content interaction and enhance user engagement. Q: Are there any plans for content or technology licensing deals? A: James Colquhoun mentioned that while no deals have been struck yet, there are ongoing discussions about content and technology licensing opportunities for both Gaia and Igniton, which could significantly impact the business. Q: What is the focus of Gaia's community platform development? A: James Colquhoun highlighted that the community platform is a key differentiator for Gaia. The company is securing technology partners and building out the team, with plans to launch an alpha version later this year and a full launch by the end of Q1 next year. Q: Is the softer Q2 performance related to marketplace dynamics? A: James Colquhoun clarified that the softer Q2 outlook is due to marketplace performance, particularly related to travel advisories affecting Egypt trips. However, the core business continues to perform as expected. Q: How will the CEO transition affect Gaia's focus on licensing opportunities? A: James Colquhoun will focus on media and technology licensing opportunities for Gaia and Igniton, which he believes could add significant value to the organization. Kiersten Medvedich's transition to CEO will allow him to dedicate more time to these initiatives. Q: What was the impact of the discontinued business on Q1 results? A: Ned Preston, CFO, stated that the discontinued business contributed $1.2 million in revenue last year, and this has been removed from the current financials, as reflected in the 10-Q filing. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. 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
Yahoo
13-05-2025
- Business
- Yahoo
Centuri Holdings Inc (CTRI) Q1 2025 Earnings Call Highlights: Strong Revenue Growth and ...
Revenue: $550.1 million, a 4.2% increase from Q1 2024. Gross Profit: $20.3 million, a 53.1% increase over the prior year period. Gross Profit Margin: 3.7%, up from 2.5% in Q1 2024. Net Loss: $17.9 million, improved from a net loss of $25.1 million in Q1 2024. Adjusted EBITDA: $24.2 million, approximately 20% higher than the prior year quarter. Adjusted EBITDA Margin: 4.4%, up from 3.8% in Q1 2024. US Gas Segment Revenue: $197.7 million, a decrease of 12.7% year-over-year. Canadian Gas Segment Revenue: $39.8 million, down 2.9% from the prior year period. Union Electric Segment Revenue: $175.5 million, a 7.1% increase year-over-year. Non-Union Electric Segment Revenue: $137.1 million, a 41.9% increase year-over-year. Net CapEx: $23.2 million, down from $24.6 million in the prior year period. Free Cash Flow Improvement: $44.6 million compared to Q1 2024. Net Debt to Adjusted EBITDA Ratio: Improved to 3.5 times from 3.6 times at the end of 2024. Cash and Cash Equivalents: $15.3 million at the end of the quarter. 2025 Revenue Outlook: Expected between $2.6 billion and $2.8 billion. 2025 Adjusted EBITDA Outlook: Between $240 million and $275 million. 2025 CapEx Forecast: Net spend between $65 million and $80 million. Warning! GuruFocus has detected 6 Warning Signs with MAC. Release Date: May 12, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Centuri Holdings Inc (NYSE:CTRI) experienced strong commercial momentum in Q1 2025, exceeding expectations. The company achieved a record booking quarter with new bookings totaling $1.2 billion, significantly increasing the backlog to $4.5 billion. The non-union electric segment showed a 41.9% increase in revenue year-over-year, with improved gross profit margins. Centuri Holdings Inc (NYSE:CTRI) is actively expanding its sales pipeline, now approaching $12 billion in revenue opportunities. The company maintains a positive outlook for 2025, expecting to deliver revenue at the upper end of the guidance range. The US gas segment faced a 12.7% year-over-year decrease in revenue due to adverse weather conditions. Gross profit margin in the US gas segment decreased to negative 7.5% in Q1 2025, impacted by weather disruptions. The company reported a net loss attributable to common stock of $17.9 million in Q1 2025. Offshore wind revenues in the Union Electric segment were down 64.1% as project work winds down. The company experienced a delay in the timing of its earnings announcement due to issues in finalizing financial statements. Q: Can you discuss the trajectory for 2025 and how you plan to reach the upper end of the revenue guidance despite a weaker Q1 in the US gas segment? A: Christian Brown, President and CEO, explained that the weather affected the gas business in January and February, but it bounced back in March and April. The company has work under contract and backlog pushing towards the upper end of guidance. All operating companies are on track to meet budget expectations, and the gas business is expected to recover fully. Q: What were the key findings from the strategic review, and what was most valuable from the process? A: Christian Brown highlighted four components: integrating a live sales pipeline across all operating companies, maximizing cross-selling opportunities, instilling a culture focused on identifying more work, and aligning KPIs with growth and profitability targets. Q: Regarding the US gas segment, is it a business that should generate a profit in Q1, and are there structural changes needed to achieve that? A: Christian Brown noted that weather impacts are unavoidable, but the company is working to build a pipeline of opportunities in states less affected by weather to become profitable earlier in the year. Greg Izenstark, CFO, added that Q1 is seasonally slow for the gas business, but they remain confident in full-year performance. Q: With a strong Q1 booking, should we expect lighter quarters ahead, and what is the visibility on bookings? A: Christian Brown stated that Q2 bookings remain strong, and the company is confident in achieving or exceeding the 1.1 times book-to-bill target for the year. While Q3 may be quieter, Q2 and Q4 are expected to be solid in bookings. Q: Can you clarify if the guidance includes the upper end of adjusted EBITDA, and how should we think about seasonality? A: Christian Brown confirmed that the bookings and backlog are pushing towards the upper end of revenue guidance, close to $2.8 billion. There is no expected margin erosion, and all businesses are showing strong performance for the rest of the year, with no further seasonality anticipated. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
