|Bid||120.00 x 2200|
|Ask||129.61 x 1000|
|Day's Range||129.01 - 132.55|
|52 Week Range||120.89 - 171.78|
|Beta (3Y Monthly)||1.39|
|PE Ratio (TTM)||53.93|
|Earnings Date||Oct 30, 2019 - Nov 4, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||151.38|
Among organizations that engage third parties to provide business services, 83% identified third-party risks after conducting due diligence and before recertification, according to Gartner, Inc. Gartner's survey of more than 250 legal and compliance leaders reveals that the standard point-in-time approach to risk management is no longer effective in today's landscape of fast-paced, rapidly changing business relationships.
What: Gartner IT Symposium/Xpo 2019 is the world's most important gathering of CIOs and IT executives, enabling more than 9,000 attendees to shape the future of IT and business strategies.
(Bloomberg) -- An Indian startup that aims to use artificial intelligence to deliver faster and more personalized customer support for corporate clients is raising $51 million in funding from investors including March Capital Partners and Chiratae Ventures.Uniphore Software Systems Pvt, based in Chennai and Palo Alto, Calif., plans to use the emerging technology to change the labor-intensive business of call centers, displacing workers with machines. Former Cisco Systems Inc. Chief Executive Officer John Chambers’ JC2 Ventures owns about 10% of the startup. Existing backers also include Analog Devices Inc. founder Ray Stata and Infosys Ltd. billionaire co-founder Kris Gopalakrishnan.Umesh Sachdev, 33, founded the company in 2008 with his engineering classmate Ravi Saraogi. They are competing with technology giants like Google, Microsoft Corp. and International Business Machines Corp. as well as at least a dozen AI startups to automate the $350 billion call center industry, helping agents deliver more useful support while decreasing the number of infuriating and ineffectual experiences.“This is one of the largest rounds in an area of deep tech already seeing a lot of investor activity,” CEO Sachdev said in a telephone interview. “It represents the coming of age of conversational AI.”He declined to reveal the startup’s valuation, but said it is “one step away from turning into a unicorn,” the tech industry’s term for a value of $1 billion or more.Voice bots and automated messaging systems are already changing the world of call centers, and experts reckon the majority of human workers will be driven to obsolescence by artificial intelligence. By 2021, about 70% of organizations will integrate AI to assist employee productivity, researcher Gartner Inc forecast earlier this year.Using messaging apps, chatbots and speech-based assistants, so-called conversational artificial intelligence automates communication and delivers personalized experiences. “Virtual agents are gaining ubiquity via smartphones and messaging platforms to support customer care, marketing and employee efficiency,” said Dan Miller, the lead analyst with Saint Paul, Minnesota-based Opus Research.Sachdev estimates that the U.S. alone has 3.9 million call center workers and those numbers will steadily diminish as companies adopt new technologies. “Humans will shift from taking mundane calls to enhancing knowledge and teaching AI what is the good answer and how to resolve issues,” he said.Uniphore will use the funds to hire talent, invest in research and development and accelerate expansion, particularly in its primary market in North America. The startup plans to increase its engineering and development operations to 200 employees in India by the year end, while another 60 will be based in the U.S. and 40 in Europe and Asia Pacific. Its customers include BNP Paribas SA, Genpact Ltd., NTT Data Corp., and PNB MetLife.“Indian entrepreneurs are going from slow-followers to fast-innovators,” said Chambers in an interview earlier this year, explaining why he’s backing Uniphore. “I see a young breed of founders who are hungry for a piece of the future.”To contact the reporter on this story: Saritha Rai in Bangalore at firstname.lastname@example.orgTo contact the editors responsible for this story: Peter Elstrom at email@example.com, Edwin ChanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
CFOs who offer their teams a career culture based on experiences and the ability to move between departments can reduce the compensation premium offered to new hires by half, according to Gartner, Inc. Adding to the challenge, Gartner data shows that 22% of current finance and accounting employees have low intent to stay at their current position. As a result, it is imperative for finance leaders to understand how their current employee value proposition (EVP) is perceived by both prospective and current employees and to highlight the criteria most impactful to both audiences.
Businesses throughout the supply chain are implementing TMS solutions at a rapid rate. According to Gartner research, the global market for TMS is expected to reach $1.94 billion by 2022 – that is 31 percent of the anticipated total supply chain execution market in that year. Many shippers, for example, end up disappointed because their fancy new TMS doesn't provide the visibility into their shipments they expected.
(Bloomberg) -- Samsung Electronics Co. shares slid after South Korea’s most important company reported sharply lower profit amid global trade tensions and a wireless industry slump.Net income fell 54% from a year earlier to 5.06 trillion won ($4.3 billion) for the three months ended June, the Suwon, South Korea based company said in a statement, while revenue dropped 4% to 56.1 trillion won. Shares slid as much as 3.3%.The world’s largest maker of memory chips and smartphones has been hammered by geopolitical tensions and a wireless slump. The U.S.-China trade war has rattled the global tech-supply chain and weighed down the price of memory chips used in phones and data centers. In addition, Japan restricted the export of materials used in chips and displays to Korea, raising concern over potential disruptions at Samsung and SK Hynix Inc.Samsung had planned to announce its three-year shareholder return policy Wednesday, but put off the announcement until early next year, citing significant new challenges.“Shares are falling as Samsung delays shareholder return plans because of growing external uncertainties,” Greg Roh, senior vice president at Hyundai Motor Securities, said by phone. “As for now, the extent of global cloud customers’ investments and Japan’s export restrictions are important factors for Samsung’s outlook.”Its stock originally traded higher and then dropped lower during an investor call as Samsung said it’s facing uncertainty due to growing macroeconomic issues. Beyond the U.S.-China dispute, Japan may announce further export curbs against South Korea this week.“Even though Japan’s measures do not ban the export of the materials, we are facing difficulties due to the burden of new export approval process and uncertainties that this new process will bring,” Robert Yi, an investor relations executive, said on an earnings call. “We are dedicated to minimizing any negative impact on our manufacturing process.”Samsung did signal optimism about improvements for the memory business -- its most profitable -- for the rest of the year.“In the second half, demand is expected to grow although the company sees volatility in the overall industry due to increased external uncertainties,” Samsung said in a statement Wednesday. The company said memory demand increased in the second quarter as data-center customers resumed purchasing and mobile applications adopted higher-capacity products. The company didn’t commit to cutting capacity saying that expenditure plans for 2020 haven’t been finalized.Samsung had reported preliminary numbers this month that showed operating profit fell more than 50% and its net income did exceed the 4.88 trillion won average of estimates compiled by Bloomberg.Shares have been little changed over the past year, though they’ve gained in recent weeks with hope of a recovery in chip prices and of progress in the U.S.-China trade dispute.Memory chips have been challenging this year. Contract prices for 32-gigabyte DRAM server modules, used to store data on PCs and servers, dropped by 25.1% in the June quarter, according to InSpectrum Tech Inc. Prices for TLC 128 NAND flash memory dropped 11.5%.Demand for DRAM is expected to rise on seasonal factors while servers will benefit as customers adjust inventory levels and resume purchasing, Samsung said in its statement. The NAND market should stabilize from the third quarter, it said.“We will continue to manage line operations flexibly depending on demand changes. Currently, we are not considering any artificial decrease of wafer input,” Chun SeWon, executive vice president of the company’s semiconductor business said during the earnings call.Chipmakers have been predicting a recovery in memory demand this year, but that’s been delayed amid the trade war and slower expansion of data centers. “A demand-driven oversupply in the DRAM market will push pricing down 42.1% in 2019 and the oversupply is expected to extend through the second quarter of 2020,” Gartner Inc. said in a note on July 22.The mobile division of the world’s largest smartphone maker posted a 42% decline in operating income to 1.56 trillion won. Samsung said its profitability eroded because of intensifying competition in low-to-mid range markets, and vowed to launch successfully the Galaxy Note 10 and Galaxy Fold in the second half of this year.Samsung’s display division, which supplies organic light-emitting-diode screens for Apple’s iPhones, posted operating profit of 750 billion won due to a one-time gain and a gradual demand recovery. The consumer electronics unit, which includes TVs and appliances, posted 710 billion won of profit.“There are many negative factors for Samsung, but its display business is improving,” Song Myung-sup, analyst at HI Investment & Securities, said before earnings release. “Samsung might start seeing a windfall from the U.S. ban on Huawei and more display orders from Apple.”(Updates with analyst comment in fifth paragraph.)To contact the reporter on this story: Sohee Kim in Seoul at firstname.lastname@example.orgTo contact the editors responsible for this story: Edwin Chan at email@example.com, Peter Elstrom, Colum MurphyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
With the increased usage of data & analytics (D&A) across the enterprise, the chief data officer’s (CDO) mindset needs to shift from focusing on D&A projects and programs to driving a product-centric organization, according to the Gartner Research Board. “We believe this is the rise of a new type of leader — the CDO 4.0,” said Mario Faria, VP and program director at the Gartner Research Board. “CDO 1.0 was focused exclusively in data management.
Gartner (IT) delivered earnings and revenue surprises of 22.88% and -0.63%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
Gartner (NYSE: IT ) unveils its next round of earnings this Tuesday, July 30. Get prepared with Benzinga's ultimate preview for Gartner's Q2 earnings. Earnings and Revenue Wall Street analysts see Gartner ...
Providing prospects with high-quality information and “thought leadership” is no longer a differentiator for sales organizations — to succeed today, according to Gartner, Inc. Sales leaders must help customers make sense of the massive amount of quality information they encounter as part of a purchase and proactively guide them through the buying journey. A Gartner survey of more than 1,000 B2B customers shows 89% of respondents found the information they encountered during their purchase process to be of high quality. “In today’s world, which is overloaded with information, customers are struggling mightily to make informed decisions about who and what to believe,” said Brent Adamson, distinguished vice president in the Gartner Sales practice.
Analysts to Explore Latest Cloud Trends at the Gartner IT Infrastructure, Operations & Cloud Strategies Conferences in London and Las Vegas
Gartner (IT) second-quarter 2019 revenues are likely to reflect strength across each of the three business segments - Research, Conferences and Consulting.