Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Analytics Solutions"


8 mentions found


MSCI to acquire remaining stake in Burgiss for $697 mln in cash
  + stars: | 2023-08-14 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Thomas White/Illustration/File PhotoAug 14 (Reuters) - Index provider MSCI (MSCI.N) said on Monday it will acquire the remaining 66% of Burgiss Group, a New Jersey-based provider of data and analytics solutions for investors, for $697 million in cash. The deal will boost MSCI's footprint in the private asset data analytics segment, as Burgiss's dataset covers over 13,000 private asset funds around the world, representing $15 trillion in cumulative investments in 195 countries. Global M&A volumes for the first half of 2023 fell 39%, to $1.38 trillion, according to data from Dealogic. MSCI said it anticipates funding the Burgiss purchase consideration from existing liquidity sources, adding that the transaction is expected to close in the fourth quarter of 2023. Since then, MSCI will have invested a total of $913 million to acquire all of Burgiss, according to the statement.
Persons: Thomas White, MSCI, Jaiveer Singh, Pooja Desai Organizations: Burgiss, Wall, Federal Reserve, Thomson Locations: New Jersey, U.S, China, Bengaluru
Aug 1 (Reuters) - Contract research firm IQVIA Holdings (IQV.N) cut its annual profit and revenue forecasts on Tuesday, on expectations of slower demand from clients for its healthcare data and analytics services. Analysts were expecting annual profit of $10.39 per share, according to Refinitiv. The company, however, reported better-than-expected second-quarter profit and revenue, on the back of strong demand for its drug research and development services. It reported revenue of $3.73 billion for the quarter ended June 30, slightly above analysts' average estimate of $3.71 billion. Excluding one-off items, IQVIA reported a profit of $2.43 per share for the second quarter, above analysts' average estimate of $2.37 per share.
Persons: Ari Bousbib, IQVIA, Pratik Jain, Krishna Chandra Organizations: IQVIA Holdings, Technology, Analytics Solutions, Thomson Locations: The Durham , North Carolina, Bengaluru
On an adjusted basis, its profit of $3.12 per share missed analysts' average estimate of $3.14 per share, as per Refinitiv IBES data. Growth in revenues from the company's Commodity Insights and Indices segments could not meet Street expectations. S&P's Market Intelligence segment posted a 5% rise in sales, taking the firm's total revenue up 4% to $3.1 billion in the quarter through June. S&P Global, which provides essential market intelligence to governments, corporates and institutional investors, completed the divestiture of its Engineering Solutions unit to global investment firm KKR Inc (KKR.N) in May. Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Shweta AgarwalOur Standards: The Thomson Reuters Trust Principles.
Persons: Jaiveer Singh, Shweta Agarwal Organizations: Intelligence, P Global Inc, P's, P, Solutions, KKR Inc, Thomson Locations: Bengaluru
"U.S.-China competition is on the same starting line," Chipuller chairman Yang Meng said about chiplet technology in an interview with Reuters. "They can still develop 3D stacking or other chiplet technology to work around those restrictions. Beijing is rapidly exploiting chiplet technology in applications as diverse as artificial intelligence to self-driving cars, with entities from tech giant Huawei Technologies to military institutions exploring its use. About a quarter of the global chip packaging and testing market sits in China, according to Dongguan Securities. Huawei, China’s tech and chip design giant that has been put on the U.S.'s most restricted list, has been actively filing chiplet patents.
Persons: Yang Meng, Charles Shi, Needham, Yang, Needham's Shi, Chipuller, Laura Black, Melissa Mannino, Perry Bechky, Rowe, Mike Gallagher, Biden, , Chipuller's Yang, zGlue, CFIUS, Shayne Phillips, MIIT, Jane Lanhee Lee, Eduardo Baptista, Echo Wang, Stephen Nellis, Kenneth Li, Brenda Goh, Lincoln Organizations: Chipuller, Industry, Reuters, Huawei Technologies, Intel, Dongguan Securities, People’s Liberation Army, PLA, Acclaim, British, Islands, Sea Investment Co, Foreign Investment, Treasury, Akin's Trade, Berliner Corcoran, Department of Commerce, Huawei, U.S, TongFu Microelectronics, JCET, Beijing ESWIN Technology Group, China’s Ministry of Industry, Information Technology, Thomson Locations: Shenzhen, China, U.S, United States, Japan, South Korea, Taiwan, Beijing, Dongguan, BakerHostetler, People's Republic of China
India's Wipro commits $1 bln investment into AI
  + stars: | 2023-07-12 | by ( ) www.reuters.com   time to read: +1 min
BENGALURU, July 12 (Reuters) - Indian IT services provider Wipro Ltd (WIPR.NS) said on Wednesday it planned to invest $1 billion into artificial intelligence (AI) over the next three years. The investments will focus on the expansion of AI, big data, and analytics solutions, as well as developing new research and development and platforms, it said in an exchange filing. This comes almost a week after rival Tata Consultancy Services (TCS.NS) said it planned to train 25,000 engineers to get them certified on Microsoft's (MSFT.O) Azure Open AI. Companies across the world, from banks to big tech, have doubled down on investments in AI after ChatGPT, a generative AI chatbot by Microsoft-backed OpenAI took the world by storm in late 2022. "Especially with the emergence of generative AI, we expect a fundamental shift up ahead, for all industries," Wipro CEO Thierry Delaporte said.
Persons: OpenAI, Thierry Delaporte, Navamya Ganesh, Rashmi Organizations: Indian IT, Wipro, Tata Consultancy Services, Companies, Microsoft, Wipro ai360, Thomson Locations: BENGALURU, Indian, Bengaluru
But many customers still witness challenges during and after checkout, including false declines and fraud. Below are four common checkout mistakes that enterprise e-commerce businesses make and how to avoid them. If those thresholds are too conservative, they can lead to false declines; if they're too liberal, they become more vulnerable to fraud. E-commerce merchants lost an estimated $11.1 billion in false declines last year. The machine learning models can distinguish between legitimate and fraudulent transactions to reduce false declines.
Persons: they're, Cindy Turner, Turner, Chargebacks, PayPal Braintree6, Experian, Cartes Organizations: Enterprise, PayPal, PayPal Braintree, Merchants, Insider Studios, Accounting, Deloitte, Novarica, Naked, LexisNexis, DE Locations: PayPal Braintree, Risk, chargebacks, . CA
It's time to build a long-term position in Motorola Solutions , according to JPMorgan. Analyst Paul Chung upgraded Motorola Solutions to overweight from neutral, saying the telecommunications equipment firm that was spun off from telephone company Motorola Mobility Holdings is looking attractive. Motorola Solutions, the maker of video equipment and other software solutions, separated from Motorola Mobility Holdings in 2011. Since then, Motorola Solutions shares have had just two down years, most recently in 2022, when it fell just 5% while the S & P 500 dropped 19%. MSI 1D mountain Motorola Solutions shares 1-day Motorola has record backlog levels that are expected to remain robust on an upgrade cycle.
Here are Tuesday's biggest calls on Wall Street: Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it sees competition rising in China and that Tesla is going through a "peak China dependency" phase. Morgan Stanley upgrades Humana to overweight from equal weight Morgan Stanley said in its upgrade of the health insurer that it sees "accelerated growth." Morgan Stanley reiterates Ford as equal weight Morgan Stanley kept its equal weight rating on the automaker, but said it investors might want to buy the stock on weakness. Morgan Stanley reiterates Amazon as overweight Morgan Stanley said that its checks show that Amazon is becoming a formidable competitor to Shopify. Barclays downgrades Nike to equal weight from overweight Barclays said in its downgrade of Nike that it sees rising inventory risks.
Total: 8