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JAS outlines plan to raise funds to repay JTS bonds after 635 million baht default
JAS Asset Public Company Limited, as the major shareholder of Jasmine Technology Solution Public Company Limited, or JTS, has disclosed its plan to raise funds to repay debt after three series of JTS bonds defaulted on payments totaling 635 million baht. The plan is intended to address the maturing debt obligations of those three bond series.
J.BK · Capital · Negative JAS Asset, as major shareholder of JTS, must raise funds to cover JTS's 635 million baht bond default, a financial/valuation burden.
JTS.BK · Capital · Negative JTS defaulted on three bond series totaling 635 million baht, triggering a debt-repayment funding plan.
Accenture Q4 Revenue Beats Guidance as Bookings Outrun Sales
Accenture reported fourth-quarter results on October 1 that beat its own revenue guidance, with revenue of $18.7 billion, up 7% in local currency, and bookings of $22.2 billion outrunning revenue. Every geography and both consulting and managed services grew at that same 7% pace, and managed services set a fourth-quarter record at $12.8 billion. The company ended fiscal 2026 with nearly 110,000 AI and data professionals, past its 80,000 target, while more than 400 clients began advanced AI projects during the year and bookings from its eight emerging AI and data partners more than tripled. Free cash flow reached $11.6 billion, about 1.4 times net income, and Accenture returned $11.5 billion to shareholders through $7.5 billion of buybacks and $4 billion of dividends, with at least $9.5 billion planned for fiscal 2027 and a quarterly dividend of $1.71 per share, up 5%, already declared. Fiscal 2027 guidance calls for 3% to 6% revenue growth in local currency, with 2% to 2.5% of that from acquisitions, and earnings per share guided to climb 3% to 6%, while the shares carry a forward P/E of 12.41 as of October 2.
ACN · Capital · Positive Accenture beat its own Q4 revenue guidance with $18.7B revenue, $22.2B bookings, $11.6B free cash flow, and returned $11.5B via buybacks and dividends.
ACN · Demand · Positive Bookings outran revenue, managed services hit a record $12.8B, and more than 400 clients began advanced AI projects with AI/data partner bookings tripling.
Nvidia Adds $150B to Buyback as Micron, Accenture Beat Estimates
Nvidia's board authorized an additional $150B for its existing share-repurchase program, bringing the remaining authorization to $235B, which the company said was the largest increase to a share-repurchase authorization in history. Micron Technology reported fiscal fourth-quarter results and guidance that topped Wall Street's expectations by a wide margin, earning an adjusted $33.42 per share as revenue soared 379.1% year-over-year to $54.23B, versus analyst expectations of $31.72 per share on $51.49B in revenue. Accenture shares rose after its Q4 beat expectations and it forecast upbeat fiscal 2027 revenue growth, reporting GAAP earnings of $3.29 per share, revenue up 6.3% year over year to $18.7B, and new bookings of $22.2B. MongoDB shares fell after CEO Chirantan Desai stepped down effective immediately to become the newly created Chief Enterprise Platform Officer at Meta, with the board appointing Dev Ittycheria as interim president and CEO. Summit Therapeutics shares surged after AstraZeneca announced a $2B equity investment in the U.S. biotech and a clinical collaboration to develop new cancer treatments, purchasing convertible preferred shares at a conversion price equivalent to $18.36 per common share, a 10% premium to Summit's five-day volume-weighted average price. For the week, the Dow fell 1.26%, the S&P 500 lost 0.27%, and the Nasdaq Composite climbed 0.45%.
ACN · Capital · Positive Accenture's Q4 beat expectations and it forecast upbeat fiscal 2027 revenue growth.
MDB · Capital · Negative MongoDB shares fell after CEO Chirantan Desai stepped down effective immediately.
MU · Capital · Positive Micron's fiscal Q4 results and guidance topped Wall Street expectations by a wide margin.
NVDA · Capital · Positive Nvidia's board authorized an additional $150B for its share-repurchase program.
AZN.LSE · Capital · Positive AstraZeneca announced a $2B equity investment in Summit Therapeutics and a clinical collaboration to develop new cancer treatments.
SAIC Fair Value Estimate Raised to US$133.70 After Analyst Revisions
The updated analyst model for Science Applications International now points to a fair value of US$133.70, up from US$121.50, a change of about 10%. The revision follows the latest Q2 report and updated guidance, with several firms including TD Cowen, Jefferies, UBS, Truist and Stifel raising their price targets. Jefferies and Truist both highlighted surprise 5% organic revenue growth in fiscal Q2, and Stifel pointed to a clean beat and raise with margins surprising to the upside. Goldman Sachs raised its target to US$103 but kept a Sell rating, citing guidance implying revenue down and margins lower in the second half of the fiscal year, while Truist and Jefferies kept Hold ratings and flagged concerns over recompete contracts and slower projected organic growth versus peers. In the updated model, the revenue growth assumption shifted from 30.83% to 69.38%, the profit margin assumption from 4.96% to 5.62%, the future P/E assumption from 14.38x to 13.46x, and the discount rate from 8.30% to 8.26%.
Gartner Unveils Eight Strategic Predictions for 2027, Saying AI Will Transform Global Business
Gartner Inc. has released its Top Strategic Predictions for 2027 and beyond, covering three main themes: Robots Everywhere, Cost to Value, and Unknown Unknowns. Daryl Plummer, Vice President of Research and Gartner Fellow, said that systems ranging from public services to software, energy models, and labor will be completely transformed by AI over the next decade, and that the most successful organizations will be those that balance innovation with responsibility. Gartner expects that by the end of 2030, more than 10 billion autonomous agents created by people, companies, and governments will be disrupting public services, while as many as 80% of frontline workers at multinational companies will be assisted by Physical AI systems, and organizations that use AI connected to public services, roughly 80% of them, will face Cost Exhaustion Attacks that drive AI costs artificially high. On the energy front, 10 trillion dollars in energy assets held by large enterprises will change the game, turning Global 2000 companies into unexpected power producers. Meanwhile, insurers rather than regulators will drive AI governance, and 80% of Global 500 companies will write into contracts that their CIO or CAIO serves as the custodian of evidence for AI accountability.
Accenture Books $22.2 Billion Quarter as AI Reshapes Consulting Demand
Accenture plc reported $22.2 billion in quarterly bookings, with more than 400 clients starting advanced AI work during fiscal 2026, including nearly 100 in the final quarter alone. Management said much of that work remains focused on building the infrastructure around AI, such as modernizing data, strengthening the digital core and putting an enterprise AI stack in place, rather than on an explosive AI-driven revenue boom. The company acknowledged that pricing was lower in many areas during the fourth quarter and expects intense competition to continue, while hiring is expected to grow more slowly as AI improves productivity. More than 65% of fourth-quarter bookings were fixed-price rather than traditional time-and-materials contracts, and managed services bookings reached a record $12.8 billion. Accenture trades at 12.41x forward earnings and expects $11 billion to $11.8 billion of free cash flow in fiscal 2027, with roughly $5 billion of acquisition spending planned for the year; its 3% to 6% revenue-growth forecast includes about 2% to 2.5% from acquisitions.
ACN · Capital · Positive Accenture guided to $11B-$11.8B free cash flow in fiscal 2027 with ~$5B acquisition spending and a 3%-6% revenue-growth forecast.
ACN · Demand · Neutral Accenture booked $22.2B in quarterly bookings with 400+ clients starting advanced AI work, though management said this is infrastructure-focused rather than an explosive AI revenue boom.
ACN · Pricing · Negative Accenture acknowledged pricing was lower in many areas in Q4 and expects intense competition to continue.
Accenture Beats Guidance as Record $100 Million Bookings Test AI Fears
Accenture plc reported fourth-quarter results on October 1 that beat its own guidance, sending the shares up 15.78% in a single session. The company recorded 141 client bookings worth $100 million or more in the quarter, which it describes as a record, and reported bookings of $84.5 billion against $74 billion of revenue. Accenture expects revenue growth of 3% to 6% in local currency during fiscal 2027, against the 5% it just delivered, with full-year operating margin at 15.4% on a GAAP basis. That guidance puts fiscal 2027 earnings at $14.39 to $14.81 a share, a $14.60 midpoint that is 14.5 times forward earnings, against roughly 19 times for the S&P 500. Accenture closed at $212.30 on October 1, up 15.78% on the results and still about 16% below where it traded a year ago, after falling 13.11% over the past year while the S&P 500 rose about 14%.
Wedbush Keeps Outperform on Cognizant Ahead of Q3 Earnings
Wedbush maintained its Outperform rating and $70 price target on Cognizant ahead of the company's third quarter fiscal 2026 earnings results, scheduled for October 29. The firm said Cognizant continues to see strong demand across multiple segments, led by Financial Services, which remains its strongest vertical, with clients treating AI-driven modernization projects in fraud, underwriting, compliance and core banking as non-discretionary investments. A consensus estimate expects Cognizant to report adjusted earnings per share of $1.46 on revenue of $5.65B. Wedbush analyst Steven Wahrhaftig said Cognizant reiterated that Project LEAP, its internal restructuring program launched this year to shift from traditional IT services toward AI automation, remains on track with no delays. With $84 million incurred in the second quarter, the remaining portion of the $230 to $320 million in expected program costs should be spread evenly across the third and fourth quarters, with substantially all costs incurred in 2026, and the full-year savings benefit arriving in fiscal 2027, which Wedbush expects to drive an additional roughly 20 basis points of margin expansion. Cognizant's AI engagements remain in the early stages, with long-term revenue streams developing in fiscal year 2027.
CTSH · Capital · Positive Wedbush maintained its Outperform rating and $70 price target on Cognizant ahead of Q3 earnings, citing strong demand and Project LEAP margin benefits.
Netskope Shares Jump 24.5% Since Earnings as Full-Year Revenue Guidance Raised
Netskope shares have climbed about 24.5% since its last earnings report, outpacing the S&P 500, after the company posted second-quarter fiscal 2027 revenue of $220.5 million, up 29% year over year and above guidance. The company reported a non-GAAP loss of 3 cents per share, an improvement from a loss of 6 cents a year earlier, while annual recurring revenue reached $899 million, up 27%, and remaining performance obligations hit $1.35 billion, up 36%. Netskope raised its full-year fiscal 2027 revenue guidance to a range of $888 million to $892 million, roughly 26% growth, up from a prior range of $879 million to $883 million, and guided third-quarter revenue to $227 million to $229 million, about 24% growth. Management pointed to AI Security as the fastest pipeline build in company history, with roughly one-third of that pipeline in or entering the proof-of-concept phase, and said about 50% of sales representatives are still new or ramping, positioning the company for accelerated net new ARR in the second half. The company ended the quarter with approximately $1.1 billion in cash, cash equivalents and marketable securities, and carries a Zacks Rank #2 (Buy).
Accenture Tops Q4 Estimates, Guides FY27 Revenue Growth of 3% to 6%
Accenture reported fiscal fourth-quarter 2026 earnings per share of $3.29 and revenues of $18.68 billion, beating the Zacks Consensus Estimates of $3.19 and $18.02 billion. Chief executive officer and Chair Julie Sweet said fourth-quarter revenues grew 7% in local currency across every geographic market and both consulting and managed services. Chief financial officer Angie Park guided fiscal 2027 revenues to grow 3% to 6% in local currency, including a 2% to 2.5% inorganic contribution, with operating margin forecast at 15.9% to 16.1%, up 10 to 30 basis points from adjusted fiscal 2026. Sweet said nearly 100 additional clients began their first advanced AI work with Accenture in the quarter, taking the fiscal 2026 total above 400, and the company ended the year with nearly 110,000 AI and data professionals. Accenture deployed $4.9 billion across 17 acquisitions in fiscal 2026, and Park said about $3 billion tied to Cyber OT acquisitions shifted into the first quarter of fiscal 2027 because of regulatory timing, with roughly $5 billion of additional acquisition spending expected during fiscal 2027. Management also said it expects at least $9.5 billion of capital returns in fiscal 2027.
Cycurion Regains Nasdaq Bid Price Compliance After Reverse Split
Cycurion, Inc. said it has regained compliance with Nasdaq Listing Rule 5550(a)(1), the minimum $1.00 per share bid price requirement, according to a letter dated October 1, 2026 from the Hearings Office of The Nasdaq Stock Market LLC. The letter confirms the condition set in the Nasdaq Hearings Panel's September 9, 2026 decision, which had granted the company's request for continued listing subject to demonstrating bid-price compliance on or before September 11, 2026. Nasdaq's compliance worksheet states that on August 28, 2026 Cycurion effected a 1-for-8 reverse stock split and that its bid price has since closed above $1.00 for 10 consecutive trading days. The common stock continues to trade on the Nasdaq Capital Market under the symbol CYCU, and the company will be subject to a Discretionary Panel Monitor for one year from October 1, 2026 through October 1, 2027, during which any failure to maintain compliance with a continued listing requirement would trigger a delist determination letter with no opportunity to submit a plan of compliance or receive additional staff time. Chairman and Chief Executive Officer Kevin Kelly said Nasdaq's letter confirms the company met the bid-price condition in the Panel's decision and that meeting Nasdaq's listing standards remains a priority.
IBM Adds Frank Baker to Board, Rolls Out Self-Hosted IBM Bob
IBM expanded its AI and digital infrastructure push on 1 October 2026 by adding private equity executive Frank Baker to its board and rolling out self-hosted deployment for its IBM Bob agentic software development platform across on-premises, private, sovereign, and air-gapped environments. The move lets enterprises run IBM Bob and Digital Asset Haven entirely within their own infrastructure, sharpening IBM's appeal to highly regulated clients that need tight control over data residency, security policies, and digital asset operations. The on-premises beta for IBM Digital Asset Haven on IBM Z and LinuxONE keeps sensitive digital asset workflows, keys and compliance controls inside client data centers while still using the same APIs as its SaaS offering. IBM's narrative projects $78.2 billion in revenue and $11.9 billion in earnings by 2029, requiring 4.2% yearly revenue growth and about a $1.2 billion earnings increase from $10.7 billion today, with a $240.59 fair value implying 7% upside. The company still faces the near-term catalyst of monetizing its US$24.6 billion of ARR and the key risk from an ongoing securities law investigation.
IBM · Technology · Positive IBM rolled out self-hosted deployment of its IBM Bob agentic software development platform for on-premises, private, sovereign and air-gapped environments.
IBM · Regulation · Neutral IBM faces an ongoing securities law investigation, a stated key risk.
Accenture Q3 Revenue Tops Estimates at $18.68 Billion, But Guidance Falls Short
Accenture reported calendar Q3 2026 results that beat revenue expectations, with sales rising 6.2% year on year to $18.68 billion against analyst estimates of $18.04 billion. GAAP profit came in at $3.29 per share, 3.4% above the consensus estimate of $3.18, while operating margin climbed to 15.3% from 11.6% a year earlier. However, the company's revenue guidance for the next quarter of $19.28 billion at the midpoint came in 0.6% below analyst estimates of $19.39 billion. CEO Julie Sweet said growth was broad-based across markets, industries and both types of work, crediting large-scale transformation projects and rising adoption of AI-enabled services, with more than 400 clients initiating advanced AI work during the year. CFO Angie Park said the outlook assumes a stable to slightly improving discretionary spend environment but also incorporates potential deterioration, as Accenture plans heavy investment in acquisitions and talent. The company closed several acquisitions including Ookla for network intelligence and Whalar for digital marketing, and reported record managed services bookings, with a market capitalization of $126.5 billion.
ACN · Capital · Positive Accenture beat Q3 revenue and EPS estimates with operating margin up to 15.3%, though next-quarter guidance came in slightly below consensus.
Accenture Shares Jump 15.8% on Q4 Earnings Beat; Acuity, Progress Software Fall on Revenue Misses
Accenture plc reported fourth-quarter fiscal 2026 adjusted earnings of $3.29 per share, surpassing the Zacks Consensus Estimate of $3.19 per share, sending its shares up 15.8%. Acuity Inc. posted fourth-quarter fiscal 2026 revenues of $1,244.40 million, missing the Zacks Consensus Estimate of $1,251.87 million, and its shares fell 3.4%. McKesson Corp. shares surged 5.3% after the company reiterated its fiscal 2027 earnings per share guidance. Progress Software Corp. shares tumbled 8.5% after it reported third-quarter fiscal 2026 revenues of $246.01 million, lagging the Zacks Consensus Estimate of $247.16 million.
ACN · Capital · Positive Accenture reported Q4 fiscal 2026 adjusted EPS of $3.29, beating the Zacks Consensus Estimate of $3.19, sending shares up 15.8%.
AYI · Capital · Negative Acuity posted Q4 fiscal 2026 revenues of $1,244.40 million, missing the Zacks Consensus Estimate of $1,251.87 million, and shares fell 3.4%.
MCK · Capital · Positive McKesson shares surged 5.3% after the company reiterated its fiscal 2027 earnings per share guidance.
PRGS · Capital · Negative Progress Software reported Q3 fiscal 2026 revenues of $246.01 million, lagging the Zacks Consensus Estimate of $247.16 million, and shares tumbled 8.5%.
Accenture Jumps 15.8% on Q4 Earnings Beat and $22.2 Billion in New Bookings
Accenture PLC shares climbed 15.78 percent to close at $212.30, a third straight day of gains, after the IT services giant reported stronger-than-expected fourth-quarter fiscal 2026 results and new bookings that eased fears about AI disrupting consulting firms. Attributable net income surged 40.8 percent to $1.99 billion from $1.413 billion a year earlier, while revenues grew 6.25 percent to $18.68 billion from $17.6 billion. New bookings rose 4 percent to $22.2 billion, comprising $9.4 billion from consulting and $12.77 billion from managed services. Chairman and CEO Julie Sweet said the company exceeded its fourth-quarter revenue guidance range, grew adjusted EPS 8 percent, returned a record $11.5 billion to shareholders and reached a new high of 141 quarterly client bookings of $100 million or more. Accenture guided full-year 2027 revenue growth of 3 to 6 percent, slower than the 6.5 percent jump in fiscal 2025, with GAAP diluted earnings per share projected at $14.39 to $14.81, implying 6 to 9 percent growth, and plans to return at least $9.5 billion in cash to shareholders. Evercore raised its price target to $250 from $180, Stifel hiked its target to $242 from $225, and Baird lifted its target to $245 from $190, while TD Cowen kept a hold rating and $173 target.
Accenture Shares Surge 15.8%, the Most Ever, as Bullish Revenue Outlook Eases AI Disruption Fears
In New York trading on the first of the month, shares of U.S. IT consulting giant Accenture rose 15.8% from the previous day, marking the largest single-day gain on a closing basis in its history. The company's outlook for annual revenue growth that exceeded market expectations eased concerns over the damage artificial intelligence could do to its business. Accenture's latest forecast for fiscal 2027 revenue growth is 3% to 6% year over year, with the midpoint of that range above the 3.9% average analyst estimate compiled by LSEG. Fourth-quarter bookings for the June-to-August period rose 4% from a year earlier to 22.17 billion dollars, while revenue in its consulting segment increased 7% to 9.28 billion dollars. Total revenue climbed to 18.68 billion dollars, topping the market estimate of 18.03 billion dollars. Chief Executive Julie Sweet said on a conference call after the earnings release that there are opportunities to accelerate the growth strategy, and indicated the company expects to spend about 5 billion dollars more on acquisitions in fiscal 2027.
ACN · Capital · Positive Accenture's fiscal 2027 revenue growth outlook of 3-6% beat the 3.9% analyst estimate, and Q4 revenue of $18.68B topped the $18.03B estimate, easing AI disruption fears.
ACN · Demand · Positive Fourth-quarter bookings rose 4% year over year to $22.17B and consulting segment revenue increased 7% to $9.28B, reflecting strong end-customer demand.
Accenture Outlook Lifts EPAM, DXC, Everforth, EXL, Grid Dynamics
Shares of IT consulting and business-services firms rallied after Accenture reported stronger-than-expected results and an above-consensus fiscal 2027 outlook. Accenture guided fiscal 2027 revenue growth of 3%–6% following a Q4 revenue beat of roughly $18.7B, easing fears that AI would hollow out traditional consulting and outsourcing demand. The read-across lifted EPAM 6.8%, DXC 5.7%, Everforth 11.7%, EXL 6.2%, and Grid Dynamics 8%, with Cognizant, IBM, Salesforce, and Indian IT ADRs Infosys and Wipro also gaining. Separately, IBM announced a self-hosted deployment option for IBM Bob aimed at enterprise AI sovereignty and governance, letting enterprises run AI-driven software delivery and modernization inside customer-controlled environments including on-premises, sovereign clouds, private clouds, and air-gapped setups. IBM also expanded its IBM Bob Premium Package for Z with that self-hosted capability and deeper application intelligence tools, targeting mainframe modernization under strict compliance and data-sovereignty standards.
ACN · Capital · Positive Accenture reported stronger-than-expected Q4 results and guided fiscal 2027 revenue growth of 3%-6%, above consensus.
IBM · Technology · Positive IBM announced a self-hosted deployment option for IBM Bob plus an expanded Premium Package for Z, targeting enterprise AI sovereignty and mainframe modernization.
DXC · Demand · Positive DXC rose 5.7% in the read-across as Accenture's outlook eased fears AI would hollow out traditional consulting and outsourcing demand.
EPAM · Demand · Positive EPAM gained 6.8% as Accenture's strong results eased fears of AI eroding traditional consulting and outsourcing demand.
EXLS · Demand · Positive EXL rose 6.2% in the read-across after Accenture's outlook eased concerns about AI hollowing out outsourcing demand.
GDYN · Demand · Positive Grid Dynamics gained 8% as Accenture's above-consensus outlook eased fears over AI-driven erosion of consulting demand.
Concentrix, Huron and TaskUs Jump as Accenture Lifts IT Services Peers
Shares of business process outsourcing and consulting firms Concentrix, Huron and TaskUs surged after Accenture's stronger-than-expected results and above-consensus fiscal 2027 outlook lifted IT consulting and business-services peers. Accenture guided fiscal 2027 revenue growth of 3% to 6% after a fourth-quarter revenue beat of roughly $18.7 billion, easing fears that AI would hollow out traditional consulting and outsourcing demand and sparking a read-across rally in Cognizant, IBM, Salesforce and Indian IT ADRs Infosys and Wipro. Concentrix jumped 10.8%, Huron rose 7.3% and TaskUs gained 6.3%. Separately, IBM announced a self-hosted deployment option for IBM Bob aimed at enterprise AI sovereignty and governance, letting enterprises run AI-driven software delivery and modernization inside customer-controlled environments including on-premises, sovereign clouds, private clouds and air-gapped setups, and expanded its IBM Bob Premium Package for Z with that self-hosted capability and deeper application intelligence tools targeting mainframe modernization under strict compliance and data-sovereignty standards. Concentrix is down 33.2% since the start of the year and, at $27.52 per share, trades 43% below its 52-week high of $48.26 from October 2025.
ACN · Capital · Positive Accenture's stronger-than-expected Q4 revenue beat and above-consensus fiscal 2027 revenue growth outlook of 3%-6% lifted IT consulting peers.
CNXC · Competition · Positive Concentrix jumped 10.8% in a read-across rally after Accenture's results eased fears that AI would hollow out traditional consulting and outsourcing demand.
HURN · Competition · Positive Huron rose 7.3% as Accenture's upbeat results and outlook lifted business-services and consulting peers.
TASK · Competition · Positive TaskUs gained 6.3% in the read-across rally after Accenture's results eased AI-disruption fears for outsourcing demand.
IBM · Technology · Positive IBM announced a self-hosted deployment option for IBM Bob for enterprise AI sovereignty and expanded its IBM Bob Premium Package for Z targeting mainframe modernization.
CACI Wins Position on $827.9 Million Navy Contract, Shares Rise 3.2%
CACI International has been awarded a position on a potential nine-year, $827.9 million U.S. Navy contract to provide business management support services. Under the indefinite-delivery/indefinite-quantity contract, CACI is one of seven companies selected to supply those services to the deputy chief of naval operations for personnel, manpower and training and subordinate commands. Separately, CACI Inc.-Federal was selected alongside six other contractors for an estimated $275,957,259 indefinite-delivery/indefinite-quantity multiple-award contract from the U.S. Department of War. Shares of the defense, intelligence, and IT solutions provider jumped 3.2% in the afternoon session and were trading at $630.55, up from the previous close. The stock is up 17.3% since the beginning of the year and is trading close to its 52-week high of $680.08.
CACI · Demand · Positive CACI won a position on a $827.9M Navy business-management support contract and a separate $275.9M DoD contract, adding concrete government orders.
ChronoScale Holdings Corporation announced a contract extension with an existing AI infrastructure customer and a separate agreement with a new AI infrastructure customer, moves the company says will lift its annualized revenue run-rate to $1 billion by calendar Q3 2027. The two agreements, combined with ChronoScale's existing customer contracts and current deployment schedule, expand the company's contracted deployment pipeline and overall capacity. Chief Executive Officer Cenly Chen called the expansion and the new customer an important validation of demand and of the company's ability to grow alongside its customers, adding that the company now has agreements in place providing for $1 billion in annualized revenue run rate during calendar 2027. ChronoScale also completed the previously disclosed sale of its Ekso Bionics business unit, a divestiture it says will let it focus operations, management resources and capital allocation on its core accelerated compute and AI infrastructure business. The company, which trades on Nasdaq under the symbol CHRN, was formed through the combination of Applied Digital's cloud business and EKSO Bionics Holdings, Inc. Achievement and timing of the contracted revenue remain subject to risks including timely deployment and commissioning of planned infrastructure capacity, availability of power and equipment, and access to capital on acceptable terms.
EKSO · Capital · Positive Completed sale of the Ekso Bionics unit to focus capital allocation on core accelerated compute and AI infrastructure.
EKSO · Demand · Positive Contract extension with an existing AI infrastructure customer and a new customer agreement expand its contracted deployment pipeline toward $1B annualized run-rate.
IBM Shares Jump 5.7% on Self-Hosted IBM Bob AI Deployment Option
IBM announced a self-hosted deployment option for IBM Bob, its agentic software development platform, sending shares up 5.7% in the morning session. The self-hosted deployment lets enterprises run AI-driven software delivery and modernization inside customer-controlled environments, including on-premises systems, sovereign clouds, private clouds, and air-gapped environments, as IBM aims to advance enterprise artificial intelligence sovereignty and governance. IBM also expanded its IBM Bob Premium Package for Z to incorporate the self-hosted capability along with deeper application intelligence tools, enhancements the company says are designed to modernize mission-critical mainframe workloads while meeting strict compliance and data sovereignty standards. After the initial pop, the shares cooled to $228.88, up 4.1% from the previous close. IBM is down 21.5% since the beginning of the year and trades 30.5% below its 52-week high of $329.23 from June 2026.
IBM · Technology · Positive IBM launched a self-hosted deployment option for its IBM Bob agentic software development platform, expanding enterprise AI sovereignty capabilities.
IBM Shares Rise 2.56% as Earnings Preview Points to EPS Growth
IBM closed the latest session at $225.57, up 2.56% and ahead of the S&P 500's 0.2% gain, while the Dow and Nasdaq each added 0.04%. The company is scheduled to report earnings on October 21, 2026, with analysts expecting earnings per share of $2.9, a 9.43% increase from the year-earlier quarter, and revenue of $16.88 billion, up 3.34%. For the full fiscal year, the Zacks Consensus Estimates project earnings of $12.33 per share and revenue of $70.39 billion, representing growth of 6.38% and 4.22%, respectively. Over the past month the Zacks Consensus EPS estimate has slipped 0.01%, and IBM currently carries a Zacks Rank of #4 (Sell). The stock trades at a forward P/E of 17.84, below its industry average of 21.47, with a PEG ratio of 2.1.
IBM · Capital · Neutral Earnings preview points to expected EPS growth of 9.43% and revenue growth, but IBM carries a Zacks Rank #4 (Sell) and the EPS estimate slipped over the past month.
IBM's board of directors has elected Frank Baker to the board, effective October 1, 2026. Baker, 53, is a co-founder and managing partner of Siris Capital Group, a private equity firm that has deployed more than $9 billion of equity capital since inception across technology, telecommunications, and data-focused companies. Chairman, president and chief executive officer Arvind Krishna said he looked forward to the perspective Baker will bring as IBM advances its long-term vision and drives enterprise-wide transformation through technology. Baker previously was a managing director at Ripplewood Holdings and began his career in mergers and acquisitions at Goldman Sachs. He holds an MBA from Harvard Business School and a B.A. in economics from the University of Chicago.
IBM Elects Siris Co-founder Frank Baker to Board of Directors
IBM's board of directors has elected Frank Baker to the board, effective October 1, 2026. Baker, 53, is a co-founder and managing partner of Siris Capital Group, a private equity firm that has deployed more than $9 billion of equity capital since inception across technology, telecommunications, and data-focused companies. IBM chairman, president and chief executive officer Arvind Krishna said he looked forward to the perspective and insight Baker will bring as the company advances its long-term vision and drives enterprise-wide transformation through technology. Baker oversees Siris' portfolio and leads its investment strategy, and previously was a managing director at Ripplewood Holdings after beginning his career in mergers and acquisitions at Goldman Sachs. He holds an MBA from Harvard Business School and a B.A. in economics from the University of Chicago.
IBM Brings Agentic AI Platform Bob to On-Premises and Air-Gapped Environments
IBM confirmed Thursday that its agentic software-development platform, IBM Bob, is now available for on-premises, private-cloud, sovereign-cloud and even air-gapped environments, letting sensitive source code, application context and development artifacts stay inside customer-controlled infrastructure rather than being sent to an external AI service. The company cited an IBM Institute for Business Value study from June 2026 in which 68% of surveyed executives said meeting data-residency and sovereignty requirements across geographies was challenging. IBM said in its second-quarter results in July that its Red Hat, watsonx and HashiCorp businesses were benefiting as customers moved from AI experimentation toward enterprise-scale deployment, and that Power and Storage had built an order backlog of nearly $500 million. IBM generated $17.2 billion in second-quarter revenue, with software growing 5% year over year to $7.8 billion, and it expects 2026 constant-currency revenue growth of 4% to 5%. The new Bob offering still supports hybrid configurations, including connections to external model services, but IBM is making deployment location part of the product rather than treating the public cloud as the default.
IBM · Technology · Positive IBM makes its agentic AI platform Bob available for on-premises, private-cloud, sovereign-cloud and air-gapped deployments, expanding its product reach.
Red Hat, Inc. · Demand · Positive IBM says its Red Hat business is benefiting as customers move from AI experimentation toward enterprise-scale deployment.
Accenture Q4 Earnings Beat Estimates as Revenue Climbs 6.2%
Accenture plc reported fourth-quarter fiscal 2026 earnings of $3.29 per share, beating the Zacks Consensus Estimate of $3.19 by 3.1% and rising 8.6% from adjusted earnings of $3.03 a year earlier. Revenues of $18.7 billion topped the consensus mark of $18 billion by 3.7% and increased 6.2% year over year in U.S. dollars, with bookings reaching $22.17 billion, up 4% in U.S. dollars, for a book-to-bill ratio of 1.2. Within the total, Managed Services revenues were $9.40 billion, up 7% year over year in both U.S. dollars and local currency and about half of total revenues, while Consulting revenues totaled $9.28 billion, up 6% in U.S. dollars and 7% in local currency. GAAP operating income rose 40% to $2.86 billion and GAAP net income climbed to $2.03 billion from $1.45 billion, with free cash flow of $2.85 billion, down from $3.81 billion a year earlier. For fiscal 2027, Accenture projects local-currency revenue growth of 3-6%, an operating margin of 15.9-16.1%, earnings of $14.39-$14.81 per share, free cash flow of $11-$11.8 billion, and at least $9.5 billion returned to shareholders, and declared a quarterly dividend of $1.71 per share, up 5% from the fiscal 2026 quarterly rate.
Alphabet Unveils Gemini 4 Argon as Accenture, Micron Beat Estimates
Alphabet rose 2% in premarket trading after unveiling Gemini 4 Argon, its most advanced artificial intelligence model yet, which the company said delivers improvements in cybersecurity, coding and complex professional work. Accenture soared 17% after fiscal fourth-quarter revenue of $18.68 billion beat its own guidance of $17.75 billion to $18.4 billion and the FactSet consensus estimate of $18.3 billion, with earnings of $3.29 per share also topping expectations. Rocket Lab climbed 4.5% after signing a multiyear launch agreement for 20 new Electron missions with Tokyo-based company Synspective, which Rocket Lab called the largest commercial launch contract for Electron to date. Micron reported better-than-expected fiscal fourth-quarter results, earning an adjusted $33.42 per share on revenue of $54.23 billion versus analyst estimates of $31.61 per share on revenue of $51.07 billion, though the stock fell slightly while the Roundhill Memory ETF gained more than 1% and the VanEck Semiconductor ETF advanced 1%. McCormick rose nearly 5% on third-quarter adjusted earnings of 86 cents per share and revenue of $2.02 billion, both above consensus, while Dollar Tree added 1.3% on a Loop Capital upgrade to buy from hold and Nu Holdings gained nearly 6% after denying it is pursuing a transaction with U.K. digital bank Monzo.
ACN · Capital · Positive Accenture's fiscal Q4 revenue of $18.68B and EPS of $3.29 both beat guidance and consensus.
DLTR · Capital · Positive Dollar Tree rose after Loop Capital upgraded the stock to buy from hold.
GOOG · Technology · Positive Alphabet unveiled Gemini 4 Argon, its most advanced AI model yet, with improvements in cybersecurity, coding and complex professional work.
MKC · Capital · Positive McCormick's Q3 adjusted EPS of 86 cents and revenue of $2.02B both topped consensus.
MU · Capital · Positive Micron's fiscal Q4 adjusted EPS of $33.42 and revenue of $54.23B beat analyst estimates.
NU · Capital · Positive Nu Holdings gained nearly 6% after denying it is pursuing a transaction with U.K. digital bank Monzo, removing M&A uncertainty.
Accenture Beats FQ4 Revenue and Bookings Estimates, Guides Soft for FY2027
Accenture beat revenue and bookings estimates for its fiscal fourth quarter but issued soft guidance for fiscal 2027. The company reported GAAP earnings per share of $3.29, topping estimates by $0.11, while revenue of $18.7B came in $660M above consensus. Bookings also exceeded expectations for the quarter. Despite the quarterly beat, the consulting and technology services firm's forward outlook for fiscal 2027 disappointed. The results arrive amid ongoing debate over AI's impact on the consulting industry, with analysts split on whether AI poses a threat to Accenture's core business or represents a significant growth opportunity.
ACN · Capital · Neutral Accenture beat FQ4 revenue, EPS, and bookings estimates but issued soft FY2027 guidance, mixing positive results with a weak outlook.
Accenture reported fourth-quarter revenue of $18.7 billion, above the high end of its guided range, with new bookings of $22.2 billion for the quarter and $84.5 billion for the full fiscal year ended August 31, 2026. Fourth-quarter GAAP diluted EPS rose 46% to $3.29, and full-year GAAP diluted EPS rose 12% to $13.56, while adjusted EPS for the year rose 8% to $13.97. The company returned a record $11.5 billion to shareholders for the year, an increase of 38%, including $7.5 billion in repurchases or redemptions, and reached a new high of 141 quarterly client bookings of $100 million or more. For fiscal year 2027, Accenture expects full-year revenue growth of 3% to 6% in local currency, GAAP diluted EPS of $14.39 to $14.81, and at least $9.5 billion in cash returned to shareholders. Chair and CEO Julie Sweet said the results reflect broad-based growth across all geographic markets, industry groups and types of work.
ACN · Capital · Positive Accenture beat its Q4 revenue guidance with $18.7B revenue, 46% EPS growth, record $11.5B shareholder returns, and issued FY2027 guidance.
Nextdoor to Move Stock Listing From NYSE to Nasdaq on October 13
Nextdoor Holdings, Inc. announced it will voluntarily transfer its stock exchange listing to the Nasdaq Capital Market from the New York Stock Exchange, effective October 13, 2026 after market close. The company's common stock is expected to begin trading as a Nasdaq-listed security on October 14, 2026, and Nextdoor will retain its current ticker symbol "NXDR". CEO and Co-Founder Nirav Tolia said the move will let the company leverage Nasdaq's cutting-edge technology and information in serving shareholders while also driving efficiencies, adding that Nextdoor is excited to join many of the world's largest and most innovative companies on Nasdaq. Nextdoor describes itself as the essential neighborhood network for over 110 million verified neighbors.
IBM announced self-hosted deployment for IBM Bob, its agentic software development platform, allowing organizations to run AI-powered software development and modernization on-premises, in private-cloud, sovereign-cloud, and air-gapped environments under their own control. The option is aimed at enterprises that manage sensitive source code, regulated data, or mission-critical infrastructure and face security and compliance limits on public AI platforms. According to a report from Futurum Research, hybrid and edge deployments are projected to capture 44% of the AI infrastructure market by 2030, while public cloud share is projected to decline to 46% in that same timeframe. A June 2026 report from IBM's Institute for Business Value, The Calculus of AI Sovereignty, found that 68% of surveyed executives say meeting data residency and sovereignty requirements across geographies is challenging. Neel Sundaresan, GM of AI and Automation at IBM, said the future of enterprise AI will depend on security, governance and sovereignty, and that Bob's self-hosted deployment brings agentic AI directly into environments customers control.
IBM · Technology · Positive IBM launched self-hosted deployment for its agentic software development platform IBM Bob, targeting enterprises with security, compliance, and sovereignty needs.
PIS Takes 50% Stake in Energy Max, Extending IT into Smart Energy
Pro Inside Public Company Limited, or PIS, is launching an aggressive second-half push in 2026, moving ahead with gradual revenue recognition from large-scale projects for government agencies and state enterprises that are already underway, while accelerating its pursuit of new bids. It holds a backlog of more than 6,096 million baht to support revenue recognition over the next three to four years. The backlog is mostly made up of Application Solutions work at 58%, followed by IT Integration Services at 31% and Physical Security at 11%. The key turning point is the acquisition of a 50% stake in Energy Max Company Limited, or Energy Max, which manufactures, assembles and distributes electronic electricity meters as well as smart energy management systems in Thailand. This investment builds on PIS's IT expertise by combining it with Energy Max's energy technology, opening the door to the Smart Grid market across smart meters, smart transmission lines and rooftop solar, in line with government policy on the energy transition. It also serves as a mechanism to create a new S-Curve, transforming the company from a contractor for IT systems into a provider of Technology Solutions spanning Application, IT Integration, Physical Security, AI, Cloud, ERP, Digital Banking and Energy Technology.
Alpha Technology Group Posts 1H Revenue of $0.6M as Net Loss Widens
Alpha Technology Group reported first-half revenue of $0.6 million, with its net loss widening to HK$10.05 million for the six months ended March 31, 2026, from HK$5.64 million a year earlier. The company ended the period with cash and cash equivalents of HK$18.97 million. Shares rose 4.02 percent following the release.
Capgemini completes sale of Capgemini Government Solutions to ITC Federal
Capgemini has closed the sale of Capgemini Government Solutions to ITC Federal, with the transaction completing on September 30, 2026, under the definitive agreement announced on September 12, 2026. The divestment of Capgemini Government Solutions, a unit of the Paris-based group, was confirmed in a company statement issued from Paris. Capgemini, which describes itself as a business transformation partner for enterprises in the age of AI, employs over 410,000 team members in more than 50 countries and reported 2025 revenues of €22.5 billion. Financial terms of the sale were not disclosed.
CAP.PA · Capital · Neutral Capgemini completed the divestment of its Government Solutions unit to ITC Federal, a portfolio/M&A event with undisclosed terms.
ITC Federal · Capital · Neutral ITC Federal closed its acquisition of Capgemini Government Solutions, an M&A event with undisclosed financial terms.
Accenture to Report Q3 Results Thursday as Analysts Eye 2.5% Revenue Growth
Accenture will report its third-quarter results Thursday before market hours, with the market expecting revenue to grow 2.5% year on year, a slowdown from the 7.3% increase recorded in the same quarter last year. Last quarter the global professional services company reported revenues of $18.72 billion, up 5.6% year on year, meeting analysts' revenue expectations, though its revenue guidance for the next quarter missed expectations. Most analysts covering Accenture have reconfirmed their estimates over the last 30 days, and the company rarely misses Wall Street's revenue estimates. Accenture is the first among its peers to report earnings this season, leaving no other results to hint at how the quarter will unfold for IT services and other tech stocks. The broader sector has sold off over the last month, with Accenture's peer group down 4.7% on average while Accenture itself is down 6.5% over the same period.
ACN · Capital · Neutral Accenture is about to report Q3 results with expected 2.5% revenue growth, a slowdown from last year's 7.3%, and its prior guidance missed expectations.
Yusys Technologies Chairman and General Manager Hong Weidong Passes Away; Spouse Wu Hong Takes Over
Yusys Technologies announced on September 30 that the company's actual controller, chairman and general manager Hong Weidong passed away on September 29, 2026. On the same day, the board of directors elected co-founder, director and deputy general manager Ms. Wu Hong as chairman and general manager. Wu Hong is the spouse of Hong Weidong and does not directly or indirectly hold company shares. Her term runs from the date of board approval until the end of the fourth board's term. The shares held by Hong Weidong will be handled in accordance with laws and regulations. The company stated that the number of board members has not fallen below the minimum required by the Company Law, and that the board and senior management are performing their duties normally, with operations remaining normal. In the first half of 2026, the company achieved operating revenue of 1.291 billion yuan, down 8.75 percent year on year. Net profit attributable to shareholders of the listed company was 309 million yuan, up 40.34 percent year on year. Net profit excluding non-recurring items was 195 million yuan, down 9.51 percent year on year. During the reporting period, the overall gross margin was 33.44 percent and the net margin was 17.83 percent. Revenue from banking IT products and solutions was 1.126 billion yuan, accounting for 87.20 percent of the total.
300674.CS · · Neutral Chairman/GM Hong Weidong passed away and his spouse Wu Hong took over as chairman and GM; leadership succession with no clear positive or negative driver.
Yusys Technologies Chairman Hong Weidong Passes Away; Co-founder Wu Hong Takes Over as Chairman and General Manager
Yusys Technologies announced on September 30 that its actual controller, chairman and general manager Hong Weidong passed away on September 29, 2026. On the same day, the company held the 16th meeting of its fourth board of directors, electing co-founder, director and deputy general manager Wu Hong as chairman, and appointing her as general manager. Hong Weidong was the founder of Yusys Technologies. The 2025 annual report showed he was 60 years old. As of the end of June 2026, he indirectly held 24.03% of the listed company's shares through Zhuhai Yuqin Hongtai Venture Capital Group. The relevant procedures for his company shares will be handled in accordance with laws and regulations. Successor Wu Hong was born in September 1970 and holds a master's degree from Tsinghua University. She is the spouse of Hong Weidong, does not directly or indirectly hold company shares, has no related-party relationships with other shareholders holding more than 5% of the company's shares, directors, supervisors or senior management, has not been penalized by the China Securities Regulatory Commission or other relevant authorities, has not been disciplined by stock exchanges, and is not a dishonest judgment debtor. The company said that after Hong Weidong's passing, the number of board members has not fallen below the minimum required by the Company Law. The board and senior management are performing their duties normally, operations are normal, and the company will complete the industrial and commercial registration changes for the legal representative and general manager as soon as possible.
300674.CS · · Neutral Founder/chairman Hong Weidong passed away and his spouse Wu Hong was appointed chairman and general manager; leadership succession with no clear positive or negative operational driver stated.
Yusys Technologies Chairman and General Manager Hong Weidong Passes Away; Wu Hong Takes Over
Yusys Technologies announced that the company's actual controller, chairman and general manager Hong Weidong passed away on September 29, 2026. The board of directors has elected co-founder, director and deputy general manager Wu Hong to serve as chairman and general manager. The company stated that the board is operating normally and business operations are all normal.
300674.CS · · Neutral Chairman/GM Hong Weidong passed away and co-founder Wu Hong takes over; leadership succession is a mixed event with no clear product, financial, or regulatory driver stated.
Yusys Technologies Chairman and General Manager Hong Weidong Passes Away; Wu Hong Takes Over
Yusys Technologies announced on September 30 that its actual controller, chairman and general manager Hong Weidong passed away on September 29, 2026. The company held the sixteenth meeting of its fourth board of directors on the same day, electing co-founder, director and deputy general manager Wu Hong as chairman, and appointing her as general manager. Wu Hong does not directly or indirectly hold company shares and is the spouse of Hong Weidong. Hong Weidong was the founder of Yusys Technologies, born in September 1966, with a master's degree from Tsinghua University. He worked in the financial technology industry for more than thirty years and led the company to become one of the major players in the domestic banking IT solutions sector. The company said that the board of directors and senior management are performing their duties normally, the organizational structure and internal control mechanisms are sound, the management team is stable, daily operations are handled by the entire senior management team, and the company's operations are all normal. In the first half of this year, the company achieved revenue of 1.291 billion yuan, down 8.75 percent year on year, while net profit attributable to the parent company was 309 million yuan, up 40.34 percent year on year. As of the close on September 30, Yusys Technologies traded at 15.04 yuan per share, with a total market value of 10.589 billion yuan.
300674.CS · · Neutral Founder/chairman Hong Weidong passed away and his spouse Wu Hong took over as chairman and GM; leadership succession with no clear directional driver.
IBM Ties Agent Identity Products to Nvidia's New AI-Agent Safety Platform
IBM outlined how its products will work with Nvidia's new AI-agent safety platform, sending the hybrid-cloud and enterprise-software company's shares up about 0.4% to $221.49 around 10:18 a.m. ET Tuesday. Under the plan, IBM's Agent Identity and HashiCorp Vault connect to Nvidia OpenShell to manage credentials and permissions, while Identity Protection tracks agents across an organization. IBM Fusion adds BlueField-4 hardware and Red Hat OpenShift provides a place to run agents across hybrid-cloud systems, and Nvidia's platform also includes Sentry, which monitors agent behavior and can quarantine an agent that crosses its limits. IBM disclosed no contract value or revenue target for the collaboration, leaving investors to weigh whether customers will pay for the combination at scale. The article first appeared on GuruFocus.
IBM · Technology · Positive IBM's Agent Identity, HashiCorp Vault, Identity Protection, and Fusion products will integrate with Nvidia's OpenShell AI-agent safety platform.
NVDA · Technology · Positive Nvidia's new OpenShell AI-agent safety platform is the centerpiece of the collaboration, with IBM building products around it.
Red Hat, Inc. · Technology · Positive Red Hat OpenShift is named as the runtime environment for agents in the IBM-Nvidia collaboration.
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