This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
VSS Capital Partners (VSS), a private investment firm investing in the healthcare, education, and business services industries, has made a growth capital investment in Lane Four Consulting (Lane Four), a consulting partner for companies using Salesforce to scale operations.
Other key investments include Westwood ProfessionalServices, an engineering consultancy; Trystar, a backup power management provider; Lancium, a developer securing long-term grid access for data centers; and Potomac Energy Center, a 774-megawatt natural gas and hydrogen-ready power plant.
Shore Capital Partners has closed its inaugural Healthcare Advantage Fund , second Business Services Partners Fund (“Business Services Fund II”), and first Shore Search Partners Fund (“Search Fund”). billion in combined capital commitments. The three new funds exceeded their targets and represent over $1.9
If you want to open a brick-and-mortar retail storefront or restaurant, you're likely going to need tens of thousands of dollars of upfront capital to pay for rent, inventory, employee expenses, and more. If you start a professionalservices business, you might need up to $1,000 of actual cash to get your business off the ground.
US middle-market private equity firm Thomas H Lee Partners has made a majority investment in YA GROUP, an international professionalservices organisation providing consulting, engineering, risk mitigation and related services. The transaction is expected to close in autumn 2024.
billion in assets as of March 31 across investments in capital markets, private equity, real estate, infrastructure, natural resources and credit. Its investment portfolio includes global consulting firm Alix Partners, as well as Resultant, United Talent Agency, and CrossCountry Consulting. The system managed about C$264.9
ToxStrategies , a portfolio company of Renovus Capital Partners that provides scientific consultingservices, has acquired Suttons Creek. Suttons Creek provides pharmaceutical companies with consultingservices—conceptualization, device engineering, and quality assurance—for developing drug and medical device combinations.
Most of Veeva Systems' revenue comes from subscription services for its cloud offerings. It also provides professionalservices such as data services, training, and consulting solutions. In its fiscal 2025's first quarter, which ended April 30, the company reported total revenue of $650.3
The stock market will recognize the quality of the business and grant it a higher share price over time, allowing you to enjoy increasing capital gains. These businesses should, ideally, be churning out lots of free cash flow (what's left of cash flow after capital investments) so they don't need to rely on banks to finance growth.
In other news, Paula Sambo of Bloomberg reports OMERS' private equity arm buys IT firm Integris from Frontenac: Omers Private Equity is buying a majority stake in Integris, a US cybersecurity and IT consulting company, from Chicago-based Frontenac Company LLC for an undisclosed amount. billion in net private equity investment asset exposure.
While a full-fledged, prolonged stock market correction could impact shares across a range of industries, investors with capital on hand can find that these periods present fortuitous opportunities to put cash to work. million coming from professionalservices (e.g., consultingservices) and other revenue.
NEW YORK, NY / MIAMI, FL – Dubin Research & Consulting (“DRC”) announced today a strategic growth investment from Trivest Partners (“Trivest”), a Miami-based private investment firm that focuses exclusively on the support and growth of founder-led and family-owned businesses in the U.S. and Canada. Guided by Josh Dubin, Esq.,
And as we go into 2025, year two, we remain well-positioned to continue to deliver mid-single digit or greater organic revenue growth, continued margin expansion in line with our historic performance, strong adjusted EPS growth, double-digit free cash flow growth, and disciplined capital allocation.
Saw Mill Capital, a Briarcliff Manor, NY-based middle-market private equity firm focused on partnering with North American industrial services, professionalservices, and engineered products companies, closed Saw Mill Capital Partners III, LP, at a $435m.
As the owner of a consulting business, you may be considering selling your business, merging with another firm, or simply seeking to understand the true value of your company. Regardless of your goals, determining the value of your consulting business is a crucial step towards making informed decisions about the future of your company.
Lifecycle services: Consulting, professionalservices (engineered-to-order solutions), cybersecurity, and asset management. ROK Return on Invested Capital data by YCharts. According to this chart, Rockwell has historically maintained the highest ROIC over time despite recently being matched by ABB.
million, while professionalservices revenue declined by 57% to $6.7 Its partner-supported bookings surged 76%, and it closed 28 agreements through its partner network, including Amazon Web Services, energy company Baker Hughes , consulting company Booz Allen Hamilton , Alphabet 's Google Cloud, and Microsoft.
YA Group, a Nashville, TN-based international professionalservices organization providing forensic consulting, engineering, risk mitigation, and related services, received an investment from THL Partners. The amount of the deal was not disclosed.
C3 AI has never been better positioned to capitalize on this market opportunity. We are well capitalized with $730 million in cash and cash equivalents in hand. Prioritized engineering services, working software machine learning models, data oncologies, etc., Professionalservices revenue was $13.2
European aviation services company with 55,000 global employees, which selected Dayforce to support its people operations in 35 countries. A leading professionalservices company with 33,000 employees in nine countries chose Ceridian as its trusted partner for global managed payroll, U.S. In Q2, new customer wins included.
In Q3 2024, several key trends have become very important: Increase in Deal Volume: Middle-market M&A activity saw a 15% increase compared to Q2 2024, with heightened interest in sectors like IT services, HR solutions, and professionalservices.
nCino helps FIs act like fintechs, leveraging the lower cost of capital with the ease of use and personalized experience consumers have come to expect from fintechs. Matt will remain with nCino in a consulting capacity until August to help ensure a smooth transition. Professionalservices revenues were 16.2
Matt Swanson -- RBC Capital Markets -- Analyst Great. Matt Swanson -- RBC Capital Markets -- Analyst And then if I could just ask one more, maybe more high-level question on the customer data platform. Now we have professionalservices as a function at Olo. Matt Swanson -- RBC Capital Markets -- Analyst Thank you.
Our services and Carepoints revenue was $3.6 million from last quarter, driven primarily by timing of professionalservices and marketing. GAAP R&D expense was flat to last quarter and was 7% higher after adjusting for $3 million of software development capitalization associated with our government work.
First, we have deepened our relationship with our partner ecosystem to help drive further alignment with our customers, while also focusing on enhancing our professionalservices strategy to better support customer engagement and adoption. Next question is coming from Matthew Hedberg from RBC Capital Markets. Operator Thank you.
Make sure it’s designed to convert visitors into leads with clear calls to action, strategically placed lead magnets (such as free guides or consultations), and an intuitive user experience. Finally, direct them toward a clear call to action, such as scheduling a consultation. Do you have a marketing calendar?
In Q4, we're continuing to work through plans to transform our sales organization to be cloud focused and capitalize on our innovation and the strength of our cloud platform. Finally, other services revenues were $17.6 Our goal is to be the innovation leader in AI and BI, and BI in the cloud.
And as long observed in markets, information about capital has become almost as important as capital itself. Our focus remains on delivering BlackRock's platform to clients through access to unique opportunities, expertise, and world-class client service. Earnings per share of $11.46 We are not transactional.
These were partially offset by lower outside professionalservices, driven by lapping implementation costs for the company's human capital management system in the prior year. Our capital expenditure outlook for the year remains unchanged at $90 million to $100 million. Adjusted EBITDA increased 1.8% Operator Thank you.
Professionalservices revenue was $182 million in the quarter, leading to total revenue in Q2 of $2.085 billion, also a growth of 17%. We remain committed to investing in organic growth, pursuing strategic M&A opportunities and managing dilution while returning excess capital to shareholders via share repurchases.
And we've established new partnerships with global management consulting companies like Bain and McKinsey. In the quarter, we did continue to see the macro trends affect our business, in particular, our professionalservices business, our create and close sales motion and our Slack self-service business. of revenue.
And some key Q2 customer go-lives included a multinational government consulting firm that is now live on Dayforce payroll, HR, and time for all 39,000 employees in the U.S., In our SEC filings, we've included a very simple reconciliation from operating cash flow to free cash flow, simply reducing operating cash by capital expenditures.
Bernards is currently live with virtual nursing rooms across the organization with a plan to expand to additional hospital facilities and incorporate additional variety of capabilities, including virtual rounding, specialty services, and pharmacy consults. Our services and care points revenue was $6.3 million and was $32.9
Within enterprise, we also continue to see strong traction in our goal verticals, which include healthcare, financial and professionalservices, retail, and public sector. Moving to our balance sheet and capital allocation. With this framework, let me give you some color on how we plan to allocate our capital.
Q3 revenue also benefited from a stronger contribution of our professionalservices, driven by elevated breach activity across legacy and competing platforms. It reflects the continuing success of our proactive efforts to enhance working capital and thoughtfully manage our costs. This is tremendous progress.
Beyond the full platform deals I mentioned earlier, we had a number of financial expansion wins in the quarter including the Medical College of Wisconsin, Nordic Consulting, and Rakuten. Professionalservices revenue was $163 million, leading to total revenue of $1.79 From a geographic perspective, the U.S.
Disciplined and focused execution and strategic deployment of capital through the economic cycle enables Autodesk to realize the significant benefits of its strategy while mitigating the risk of having to make expensive catch-up investments later. Turning to capital allocation. Jason Celino -- KeyBanc Capital Markets -- Analyst Great.
Strong cash flow gives us confidence to continue investing in our growth while opportunistically returning capital to shareholders, including through the new $1 billion buyback authorization that we announced today. Efficiency initiatives continue to yield working capital improvements. We currently have no debt on the balance sheet.
We delivered another quarter of organic customer growth, reinforcing how well our consultative approach and capabilities continue to resonate in the market. Switching gears, let's move to our 2023 capital management position and outlook. Turning to Cigna Healthcare. commercial business continues to build momentum. Now to recap.
Yet we aren't fully capitalizing on this because of how we currently operate. On cash flows, we're guiding for free cash flow of $835 million to $850 million in fiscal '25, which absorbs the approximately $20 million of outflows for severance and consulting fees related to our go-to-market realignment. Thank you, guys.
And as we think about utilizing this cash, we will do so thoughtfully, ensuring our capital is strategically deployed. Related to this, we redeployed excess capital during the quarter and repurchased 583,000 shares for approximately $30 million. We review that number with our outside compensation consultant. I agree 100%.
Cognizant Technology Solutions, one of the world's leading professionalservices companies for creating digital solutions, is deploying CLM across its organization to streamline agreement processes, improve efficiency mitigate risks, and create AI-driven workflows. Our balance sheet remains strong, closing the quarter with $1.1
Operator Our next question comes from Rishi Jaluria at RBC Capital Markets. It's a breakthrough in terms of large language models, and we're able to capitalize on those kinds of innovations that are happening in the kind of AI ecosystem as a result of this kind of open approach to large language models and AI tools. Good evening.
Free cash flow is defined as net cash from operating activities less cash used for property and equipment and capitalized software costs. Your next question comes from the line of Jackson Ader from KeyBanc Capital Markets. That's obviously great for the customer, could also be a source of consult for the partners as well.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content