TMT

Prime Minister Narendra Modi calls for India to take global leadership in 6G at Asia's biggest Tech Show India Mobile Congress 2023 with participation from 67 countries

Retrieved on: 
Monday, October 30, 2023
Internet of things, Fourth Industrial Revolution, Narendra Modi, Evolution, VMware, Neutral network (evolution), AMD, Congress, Information and communications technology, Information, Ciena, Ericsson, Government of India, Intel, Telecom, Aspire, Ecosystem, Cellular Operators Association of India, Telecommunications, Cisco, Woman, AI, Red Hat, Dot, MediaTek, Future, Department of Telecommunications, ICT, TMT, Accenture, Semiconductor, Sustainable development, COAI, India Mobile Congress, Media, Qualcomm, IMC

Jointly organized by the Department of Telecommunications (DoT), Government of India and the Cellular Operators Association of India (COAI), the three-day forum-cum-exhibition held from 27th-29th October, 2023 witnessed participation from over 67 countries under the theme of Global Digital Innovation.

Key Points: 
  • Jointly organized by the Department of Telecommunications (DoT), Government of India and the Cellular Operators Association of India (COAI), the three-day forum-cum-exhibition held from 27th-29th October, 2023 witnessed participation from over 67 countries under the theme of Global Digital Innovation.
  • This year's edition showcased over 620 use cases, 5G technologies, 6G demos, AI/ML, IoT, Network automation, semiconductors, electronic manufacturing, green tech and women in tech.
  • We are especially enthused with the noteworthy participation from over 67 countries and look forward to increased global representation in the coming years."
  • India Mobile Congress 2023 also recognized outstanding achievements in the Information and Communication Technology (ICT) and Telecom, Media, and Technology (TMT) sectors in over 16 diverse categories at the coveted IMC 2023 awards.

Apollo to provide up to EUR 1.5 billion High Grade Capital Solution to an Air France-KLM operating affiliate supported by commercial partner contracts of its Flying Blue loyalty program

Retrieved on: 
Thursday, October 26, 2023
Slate, Deutsche Bank, Milbank, Insurance, Real estate, APO, NYSE, Transport, NautaDutilh, Air France, Public utility, Skadden, Arps, Slate, Meagher & Flom, Aviation, PAR, Atmosphere of Earth, Latham & Watkins, Air France–KLM, KLM, TMT, Airline, Barclays

Air France-KLM has committed to spend €100 million in sustainable aviation fuel over the next four years.

Key Points: 
  • Air France-KLM has committed to spend €100 million in sustainable aviation fuel over the next four years.
  • The inaugural European loyalty program financing transaction will provide Air France-KLM with a capital solution to further strengthen its balance sheet and enhance Flying Blue’s scalability and growth prospects.
  • This financing is the third transaction between Apollo and Air France-KLM within the last 18 months.
  • Apollo Partner Jamshid Ehsani said, “Apollo is pleased to continue to serve as a capital partner to Air France-KLM.

Sonata Software - International Services Revenue grew by 4.6% QoQ (40% YoY) in USD, and Domestic Gross Contribution grew by 16.5% YoY in INR. Board approved 1:1 bonus issue and interim dividend of ₹ 7 per share

Retrieved on: 
Thursday, October 26, 2023
Cloud, Digital, Yoy, Sonata Software, International, GTM, Health care, CRS, EBITDA, Microsoft, MD, Quarter, Sonata, PAT, System integration, Growth, DSO, USD, TMT, Microsoft Open Specification Promise, TTH, BFSI, Food delivery, Pension fund, Iron ore, Telecommunications, Video game

BENGALURU, India, Oct. 25, 2023 /PRNewswire/ -- Sonata Software, a global IT services and technology solutions company, today reported its unaudited financial results for its 2nd quarter ended 30thSeptember 2023.

Key Points: 
  • Our International services Revenue in USD terms grew 4.6% QoQ.
  • Performance Highlights for the quarter:
    Revenues at ₹ 1,912.6 crores; YoY growth of 28%
    EBITDA at ₹ 220.5 crores; YoY growth of 33%
    PAT at ₹ 124.2 crores; YoY growth of 10%
    DSO improved to 40 days (Q1'24: 41 days).
  • Revenues at ₹ 1,244.0 crores; YoY growth of 20%
    Gross contribution at ₹ 62.4 Crs grew by 16.5% YoY.
  • EBITDA at ₹ 56.4 crores; YoY growth of 20%
    PAT at ₹ 40.5 crores; YoY growth of 19%
    DSO improved to 35 days (Q1'24: 36 days)

Araclon Biotech Presents Positive Final Results from Phase 2 Clinical Study of ABvac40 Alzheimer’s Vaccine at CTAD

Retrieved on: 
Tuesday, October 24, 2023
AD, Alzheimer's disease, Repeatable Battery for the Assessment of Neuropsychological Status, Vaccine, Meningoencephalitis, Prevalence, Dementia, Research, HIV disease progression rates, Test management, Alzheimer's Association, Cerebral amyloid angiopathy, Mini–Mental State Examination, Disease, Ace, MMSE, Swelling, Assessment, TMT, Emerging technologies, Patient, CAA, Pharmaceutical industry, Medical imaging

Araclon gave a late-breaking presentation at the 2023 Clinical Trials on Alzheimer's Disease (CTAD) conference.

Key Points: 
  • Araclon gave a late-breaking presentation at the 2023 Clinical Trials on Alzheimer's Disease (CTAD) conference.
  • Data confirm preliminary findings indicating a comparable safety profile between ABvac40 and placebo groups, with similar rates of treatment-emergent adverse events.
  • In addition, volumetric magnetic resonance imaging showed a lesser increase in whole brain atrophy in the ABvac40 group vs placebo.
  • The results reported for ABvac40 to date validate its clinical potential, positioning it as promising therapeutic candidate for early AD treatment.

Altoida's AR-based Digital Cognitive and Functional Assessment Correlates with Standard Neuropsychological Tests in MCI and Healthy Volunteers

Retrieved on: 
Tuesday, October 24, 2023
Data Management, Other Health, Technology, Pharmaceutical, Medical Devices, Seniors, Neurology, Other Technology, Science, Biotechnology, Software, Consumer, Nursing, Health, Research, Digital, DSM-IV codes, Biomarker, Trail Making Test, Test management, Augmented reality, Mini–Mental State Examination, Trail, Free, Machine learning, MMSE, ML, TMT, AR, Patient, DNS, Medical imaging

Digital cognitive assessments offer the potential to facilitate frequent and unbiased measurements of cognitive functional status, without the need of a trained rater,” said Marc Jones, CEO, Altoida.

Key Points: 
  • Digital cognitive assessments offer the potential to facilitate frequent and unbiased measurements of cognitive functional status, without the need of a trained rater,” said Marc Jones, CEO, Altoida.
  • Participants received a neurological evaluation, a neuropsychological test battery, and Altoida’s digital cognitive assessment.
  • The study evaluated the correlation between Altoida’s digital cognitive assessment and standard neuropsychological tests, including: the Mini-Mental State Examination (MMSE) - the Free and Cued Selective Reminding Test (FCSRT) - the Trail Making Test (TMT).
  • Altoida's digital cognitive assessment provides a Digital Neuro-Signature™ (DNS-MCI) score correlated with classical neuropsychological tests that are commonly used as a battery when evaluating patients in clinical research and clinical practice.

ASGN Incorporated Reports Third Quarter 2023 Results

Retrieved on: 
Wednesday, October 25, 2023
Technology, Human Resources, Security, Consulting, Other Technology, Professional Services, Software, Networks, Internet, Data Management, Health care, Strategic planning, Financial services, EBITDA, Federation, GAAP, Acquisition, Senior, Growth, Commercial, Business, TMT, Table, Bank, Pharmaceutical industry

Consolidated revenues were $1.12 billion, down 6.8 percent over the third quarter of 2022.

Key Points: 
  • Consolidated revenues were $1.12 billion, down 6.8 percent over the third quarter of 2022.
  • On a same Billable Day basis, adjusting for 1.5 fewer Billable Days in the third quarter of 2023 compared to the third quarter of 2022, assignment revenues declined 17.6 percent.
  • Gross margin for the third quarter of 2023 was 28.9 percent, down 110 basis points from the third quarter of 2022.
  • In the third quarter of 2023 the Company repurchased 1.1 million shares of its common stock for $91.3 million at an average price of $79.63 per share.

Sonata Software - International Services Revenue grew by 4.6% QoQ (40% YoY) in USD, and Domestic Gross Contribution grew by 16.5% YoY in INR. Board approved 1:1 bonus issue and interim dividend of ₹ 7 per share

Retrieved on: 
Wednesday, October 25, 2023
Cloud, Digital, Yoy, Sonata Software, International, GTM, Health care, CRS, EBITDA, Microsoft, MD, Quarter, Sonata, PAT, System integration, Growth, DSO, USD, TMT, Microsoft Open Specification Promise, TTH, BFSI, Food delivery, Pension fund, Iron ore, Telecommunications, Video game

BENGALURU, India, Oct. 25, 2023 /PRNewswire/ -- Sonata Software, a global IT services and technology solutions company, today reported its unaudited financial results for its 2nd quarter ended 30thSeptember 2023.

Key Points: 
  • Our International services Revenue in USD terms grew 4.6% QoQ.
  • Performance Highlights for the quarter:
    Revenues at ₹ 1,912.6 crores; YoY growth of 28%
    EBITDA at ₹ 220.5 crores; YoY growth of 33%
    PAT at ₹ 124.2 crores; YoY growth of 10%
    DSO improved to 40 days (Q1'24: 41 days).
  • Revenues at ₹ 1,244.0 crores; YoY growth of 20%
    Gross contribution at ₹ 62.4 Crs grew by 16.5% YoY.
  • EBITDA at ₹ 56.4 crores; YoY growth of 20%
    PAT at ₹ 40.5 crores; YoY growth of 19%
    DSO improved to 35 days (Q1'24: 36 days)

Sonata Software - International Services Revenue grew by 4.6% QoQ (40% YoY) in USD, and Domestic Gross Contribution grew by 16.5% YoY in INR. Board approved 1:1 bonus issue and interim dividend of ₹ 7 per share

Retrieved on: 
Wednesday, October 25, 2023
Cloud, Digital, Yoy, Sonata Software, International, GTM, Health care, CRS, EBITDA, Microsoft, MD, Quarter, Sonata, PAT, System integration, Growth, DSO, USD, TMT, Microsoft Open Specification Promise, TTH, BFSI, Food delivery, Pension fund, Iron ore, Telecommunications, Video game

BENGALURU, India, Oct. 25, 2023 /PRNewswire/ -- Sonata Software, a global IT services and technology solutions company, today reported its unaudited financial results for its 2nd quarter ended 30thSeptember 2023.

Key Points: 
  • Our International services Revenue in USD terms grew 4.6% QoQ.
  • Performance Highlights for the quarter:
    Revenues at ₹ 1,912.6 crores; YoY growth of 28%
    EBITDA at ₹ 220.5 crores; YoY growth of 33%
    PAT at ₹ 124.2 crores; YoY growth of 10%
    DSO improved to 40 days (Q1'24: 41 days).
  • Revenues at ₹ 1,244.0 crores; YoY growth of 20%
    Gross contribution at ₹ 62.4 Crs grew by 16.5% YoY.
  • EBITDA at ₹ 56.4 crores; YoY growth of 20%
    PAT at ₹ 40.5 crores; YoY growth of 19%
    DSO improved to 35 days (Q1'24: 36 days)

The Benchmark Company Expands its Technology M&A Focus with Leadership Hires

Retrieved on: 
Thursday, October 12, 2023
Benchmark, Cloud, Data infrastructure, Mobility, Corporation, Investment banking, TMT, William Blair & Company, University, Digital media, Lehman Brothers, Rensselaer Polytechnic Institute, Enterprise, AudioCodes, Amherst College, Growth, Cornell University, United Nations Technology Bank for Least Developed Countries, Customer engagement, Cloud communications, M.E, Research, Cryptocurrency, Financial services, Computer security, Telecom

Derek Wittenberg and Dmitry Netis , both Managing Directors, Investment Banking, are establishing and leading the firm’s Technology, Media, and Telecom (TMT) M&A vertical.

Key Points: 
  • Derek Wittenberg and Dmitry Netis , both Managing Directors, Investment Banking, are establishing and leading the firm’s Technology, Media, and Telecom (TMT) M&A vertical.
  • "Technology is reshaping all of our clients' industries and represents a significant opportunity for their differentiation and growth.
  • “We are excited to join the Benchmark banking team to strengthen the firm’s investment banking focus in this important sector.
  • We look forward to Derek and Dmitry’s contributions to our deep bench of banking and advisory professionals,” added Richard Messina.

FTI Consulting Expands Strategy Consulting Business with Launch of FTI Delta

Retrieved on: 
Wednesday, October 11, 2023
Senior, FTI Consulting, Iskra Delta Partner, NYSE, Acquisition, United Kingdom, TMT, FCN, Delta, FTI, Public, Business transformation, Public sector, Corporate finance, United Arab Emirates, Telecommunications, Management

WASHINGTON, Oct. 11, 2023 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced the launch of FTI Delta , a global, industry-specialized strategy consulting practice that delivers tangible value to clients, from strategy definition to execution.

Key Points: 
  • WASHINGTON, Oct. 11, 2023 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced the launch of FTI Delta , a global, industry-specialized strategy consulting practice that delivers tangible value to clients, from strategy definition to execution.
  • FTI Delta will compete directly with traditional strategy consulting firms leveraging its differentiated value proposition.
  • The FTI Delta team combines the expertise of Delta Partners, an established strategy consulting business that FTI Consulting acquired in July 2020, with the extensive experience of industry experts within FTI Consulting’s renowned TMT practice and the Company’s newly formed Public Sector offering.
  • FTI Delta sits within the Business Transformation & Strategy practice in the Corporate Finance & Restructuring business segment.