Latest news with #revenue growth
Reuters
7 hours ago
- Business
- Reuters
Quest Diagnostics raises annual forecasts on strong diagnostic testing demand
July 22 (Reuters) - Laboratory operator Quest Diagnostics (DGX.N), opens new tab raised its 2025 profit and revenue forecasts on Tuesday, banking on robust demand for its diagnostic tests, sending the company's shares up over 3% in premarket trade. The company now expects adjusted profit for 2025 to range between $9.63 and $9.83 per share, compared with its previous forecast of $9.55 to $9.80 per share. Quest sees its annual revenue in the range of $10.80 billion to $10.92 billion, above its prior view of between $10.70 billion and $10.85 billion. Steady demand for non-urgent surgeries, particularly among older Americans, has driven increased demand for diagnostic checkups in recent quarters. Diagnostic service providers such as Quest and Labcorp (LH.N), opens new tab have also benefited from agreements to manage hospital laboratories as they seek to expand market share. Quest's CEO Jim Davis said the company "realized productivity gains as we continued to deploy automation and digital technologies across our operations." The company's quarterly sales rose 15.2% to $2.76 billion from a year ago, beating analysts' average estimate of $2.73 billion, according to data compiled by LSEG. Excluding one-off items, Quest posted a profit of $2.62 per share in the quarter ended June 30, above the average estimate of $2.57.
Irish Times
6 days ago
- Business
- Irish Times
Pre-tax profits at Luas operator Transdev reduce by 61%
Pre-tax losses at the operator of the Luas reduced by 61 per cent to €3.53 million in 2023. Accounts filed by Luas operator, Transdev Dublin Light Rail Ltd (TDLR) show that the company recorded the sharp decrease in losses as revenues rose by 13 per cent from €81.7 million to €92.38 million. In a note with the accounts the directors said that losses reduced by 61 per cent 'mainly due to the improvement of the operational performance and exceptional energy index in December 2022'. The energy index relates to the efficient consumption of energy. Concerning a tram damaged during the Dublin Riots, the note said that on November 23rd 2023, 'a riot occurred in Dublin City Centre where tram #5037 was blocked by those involved'. READ MORE The note went on to say that 'the tram driver evacuated all passengers and secured the tram, so nobody was injured during the event. The tram was set alight during the riot resulting in severe damages. The tram is currently being repaired and is scheduled to be back in service at the beginning of 2026'. Asked to quantify the costs of the damage a spokeswoman for Transdev said on Wednesday: 'As this matter is currently before the courts, we are unable to comment further. The details are also commercially sensitive.' David McWilliams on how 'big incentives' to build could save Dublin city Listen | 36:51 Commenting on the performance of the business in 2025, the Transdev spokeswoman said: 'In 2025, we are seeing record levels of performance and passenger numbers, reflecting strong public confidence and the essential role Luas plays in Dublin's transport network'. A key trend from last year which continued in 2025 for the Luas was a notable increase in weekend travel, driven by growing demand related to retail, events, and leisure. In 2024, Luas recorded 54 million passenger journeys, reflecting a strong and sustained recovery following the pandemic, it said. The 54 million passengers in 2024 was a 12 per cent increase on the 48.2 million passengers in 2023. Last year, Transport Infrastructure Ireland (TII) put an estimated value of €1.75 billion on the new Luas operation and maintenance contract. The note attached to the Transdev accounts noted that the current contract would expire at the end of November 2025. The directors said that the timeline had been extended to August 2026 to facilitate the tender process for a new contract, incorporating operations and asset maintenance activities for the Luas light rail system. Staff numbers in 2023 increased from 603 to 648 as staff costs rose from €33.66 million to €37.16 million.
Yahoo
6 days ago
- Automotive
- Yahoo
India's L&T Technology misses quarterly revenue estimates, targets double-digit FY26 growth
(Reuters) -India's L&T Technology Services expects to log double-digit revenue growth in fiscal year 2026 and maintained its medium-term outlook of $2 billion revenue, boosted by an increased order book, CEO Amit Chadha said on Wednesday. However, the engineering and technology firm posted first-quarter revenue below analysts' estimates, as weakness in the global auto sector hit the company's mobility segment. Its consolidated revenue rose 16.4% to 28.66 billion rupees ($333.54 million) in the quarter ended June 30. Analysts had expected a revenue of 29.07 billion rupees, as per data compiled by LSEG. Revenue from its mobility segment, which makes up about 30% of total revenue and offers engineering and digital services to auto firms, fell 2.1% during the quarter. The firm's net profit grew 0.7% on-year to 3.16 billion rupees, but still above analysts' expectation of 3.11 billion rupees. KEY CONTEXT India's engineering, research & development firms, which rely heavily on outsourced work from U.S. and European clients, is seeing a broad slowdown as clients rethink spending priorities. The global auto sector - a key clientele - has been beset by concerns over U.S. tariffs, weak growth in China, sluggish EV adoption, and China's export curbs on rare earths. Peer Tata Elxsi missed quarterly earnings estimates last week, hurt by slowing research and development spend by customers across geographies. PEER COMPARISON Valuation (next Estimates (next 12 Analysts' sentiment 12 months) months) RIC PE EV/EBIT Revenue Profit Mean # of Stock to price Div yield DA growth(%) growth(%) rating* analysts target** (%) Tata Elxsi 46.38 34.12 6.96 4.42 SELL 12 1.29 1.21 L&T Technology Services 31.10 19.65 13.52 12.67 HOLD 28 0.96 1.26 KPIT Technologies 37.94 22.64 13.37 6.95 BUY 17 0.91 0.67 Tata Technologies 38.21 27.99 3.44 7.35 SELL 10 1.12 1.19 * Mean of analysts' ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell ** Ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT APRIL-JUNE STOCK PERFORMANCE -- All data from LSEG ($1 = 85.9260 Indian rupees) 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
Entrepreneur
14-07-2025
- Business
- Entrepreneur
HCLTech Q1 Profit Down 10%, Revenue up 8.2% on Stable Demand
The attrition rate, on a last twelve-month basis, remained flat at 12.8 per cent on an annual basis and marginally declined from 13 per cent in the preceding three months. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. HCLTech on Monday forecast a revenue growth guidance of 3-5 per cent in constant currency for FY26 on the back of a promising demand environment. The Noida-based IT services major HCLTech reported a net profit of INR 3,843 crore for the first quarter ended June, down nearly 10 per cent from a year ago. The revenue for the June quarter was up 8.2 per cent in constant currency from the year-ago period to INR 30,349 crore, in a seasonally soft quarter. The revenue in dollar terms declined 0.8 per cent sequentially in constant currency to USD 3.54 billion while the total contract value (TCV) of deals for the first quarter stood at USD 1.81 billion. "We had healthy revenue growth of 3.7% YoY supported by good performance in our Services business with 4.5% YoY growth in constant currency. Our operating margin came at 16.3%, impacted by lower utilization and additional Gen AI and GTM investments. Our AI propositions are resonating well with our clients and have been augmented further by our partnership with Open AI. Our pipeline continues to grow as the demand environment was stable during the quarter," said C. Vijayakumar, CEO & Managing Director, HCLTech. "The environment remained stable and didn't deteriorate as expected in the earlier quarters," Vijayakumar told in a media earnings call. "We continue to win more deals in the digital and engineering space." The Indian IT services industry has been facing challenges over the past few quarters due to continued caution around discretionary spending, delayed decision-making, and tighter project scrutiny weighing on deal ramp-ups and execution. Operating margins for the June quarter narrowed to 16.3 per cent from 17.1 per cent in the corresponding quarter of the previous year and 17.9 per cent in preceding three months. The attrition rate, on a last twelve-month basis, remained flat at 12.8 per cent on an annual basis and marginally declined from 13 per cent in the preceding three months. It reported a net headcount decline of 269 employees taking the total strength to 223,151 employees as of the June quarter. HCLTech declared its results on Monday after markets hours. Ahead of the results, shares of the company closed down 1.41 per cent at INR 1,614 on the BSE.
Yahoo
10-07-2025
- Business
- Yahoo
3 No-Brainer AI Stocks to Buy Before the Next Wave of Growth
Artificial intelligence investments are finally translating into massive revenue growth and expanding profit margins. These three companies offer different ways to profit from the AI revolution at reasonable valuations. 10 stocks we like better than Palantir Technologies › Investors are starting to grumble about the noteworthy valuations of top artificial intelligence (AI) stocks. However, a closer look reveals those valuations may be bargains in disguise. Why? The AI gold rush has entered a new phase. What started as speculative hype has transformed into concrete financial results, with revenue growth accelerating and profit margins expanding across the space. While investors worry about stretched valuations, the three companies discussed below are delivering AI-driven growth that justifies premium prices. Palantir Technologies (NASDAQ: PLTR) posted 39% year-over-year revenue growth in Q1 2025 to $884 million. U.S. commercial revenue, a key driver, surged 71% year over year. Management guided full-year 2025 revenue to a range of $3.89 billion to $3.9 billion, representing approximately 36% growth. The company highlighted strong AI demand, with both commercial momentum and margins accelerating. In Q1 2025, 55% of Palantir's revenue came from government contracts, providing a stable base. The accelerating commercial growth has led to Palantir trading at premium multiples, often exceeding 250 times forward earnings, which is a valuation level that typically deters traditional value investors. While CEO Alex Karp's shareholder letters are known for their unconventional style, the company's financial performance, particularly the rapid growth in U.S. commercial revenue and expanding margins, is a primary focus for many investors. Amazon (NASDAQ: AMZN) doesn't get the AI credit it deserves. While Microsoft Azure and Alphabet's Google Cloud dominate headlines, Amazon Web Services (AWS) has quietly carved out a dominant position in the cloud economy -- and serves as a key backbone of AI infrastructure worldwide. AWS crossed $100 billion in annual revenue for the first time in 2024, growing 19% to $107.6 billion. More importantly, operating income soared from $24.6 billion to $39.8 billion -- a margin-expansion story hiding in plain sight. The company plans to spend $100 billion on AI infrastructure in 2025 alone. CEO Andy Jassy sees AWS evolving from a "multi-$100 billion business" to something much larger, as 85% of global IT spending remains on-premises. The AI opportunity accelerates this shift. AWS already generates billions from AI services with triple-digit growth rates. Trading at under 25 times projected 2027 earnings, Amazon offers compelling risk-reward in cloud AI at a reasonable valuation. Meta Platforms (NASDAQ: META) effectively addressed skeptics with its robust Q1 2025 results. The company reported a 16% increase in revenue to $42.3 billion, while earnings per share surged 37% to $6.43, comfortably exceeding analyst estimates. A key highlight was the rapid adoption of Meta AI, which reached nearly 1 billion monthly active users, underscoring the company's ability to develop and scale consumer AI products globally. AI-driven ad enhancements also contributed meaningfully, lifting the average price per ad by 10%, alongside 5% year-over-year growth in ad impressions. Meta's commitment to AI leadership is reflected in its planned $64 billion to $72 billion investment in AI infrastructure during 2025. The company's Llama open-source models position Meta uniquely within the AI ecosystem, fostering both developer engagement and commercial leverage. Additionally, the company's Advantage+ suite has demonstrated clear value for advertisers, delivering a 46% lift in incremental conversions during testing. Despite its scale and aggressive investment, Meta's valuation remains attractive, trading at just 23 times projected 2027 earnings. Coupled with double-digit revenue growth and a wide competitive moat, the stock appears undervalued, relative to many AI-focused peers. Before you buy stock in Palantir Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Palantir Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $687,764!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $980,723!* Now, it's worth noting Stock Advisor's total average return is 1,048% — a market-crushing outperformance compared to 179% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of July 7, 2025 Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. George Budwell has positions in Microsoft and Palantir Technologies. The Motley Fool has positions in and recommends Alphabet, Amazon, Meta Platforms, Microsoft, and Palantir Technologies. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. 3 No-Brainer AI Stocks to Buy Before the Next Wave of Growth was originally published by The Motley Fool Sign in to access your portfolio
