itim’s FY25 shows strategy still ahead of recovery
Retail SaaS specialist itim’s FY25 results read more like evidence of resilience than obvious recovery. Revenue fell 2% to £17.5m (though the company framed the £0.4m decrease as “broadly flat”), adjusted EBITDA dropped to £1.7m (from FY24’s record £2.5m) and cash closed at £2.6m, down from £3.8m. Annual recurring revenue (ARR) was the brighter point, […]
EXL strengthens international leadership team
Business process specialist EXL has appointed Bhupender Singh (pictured) as President and Head of International Growth Markets. Singh, who will report directly to Chairman and CEO Rohit Kapoor, takes on responsibility for accelerating EXL’s expansion across EMEA and APAC, regions that represent large growth opportunities for the data and AI specialist as it seeks to […]
Capgemini invests in OpenAI Deployment Company
Capgemini has taken an equity stake in the OpenAI Deployment Company, a new standalone subsidiary of OpenAI launched on 11 May 2026 to accelerate the adoption of production-ready AI within enterprise environments. The investment deepens the firm’s existing position as a founding member of the OpenAI Frontier Alliance (see here). The OpenAI Deployment Company – […]
Atos completes major refinancing
IT services group Atos has taken a significant step forward in stabilising its financial foundations, successfully pricing a €1.25bn senior secured bond issuance made up of a €950m fixed-rate tranche at 8.125% and a €300m floating-rate tranche, both maturing in 2031. “The offering attracted significant interest from a large number of leading institutional investors, resulting […]
An abrupt exit for CGI’s CEO
François Boulanger has stepped down as President and CEO of CGI and has been replaced with immediate effect by Tim Hurlebaus. The news came with no advance warning and only 19 months into outgoing CEO’s tenure. The summary departure of Boulanger, who will be retiring after 40 years in the IT services industry and three […]
OpenAI moves into enterprise deployment
OpenAI is launching the OpenAI Deployment Company, a new standalone business unit designed to help organisations build and deploy AI systems at scale, and a clear signal of its intent to push deeper into the enterprise market. The Deployment Company has significant funding and backing behind it, launching with more than $4bn of initial investment, […]
NHS data access plan exposes the Federated Data Platform’s trust problem
NHS England plans to grant some non-NHS England staff, including Palantir and other supplier personnel, broad access to identifiable patient data before pseudonymisation (according to reports circulating in the press, based on an internal briefing). The access would be through an ‘admin’ role in the National Data Integration Tenant, the formal name for the environment […]
Bytes completes “year of adaptation”
Bytes Technology Group grew its Gross Invoiced Income (a key measure for resellers) by 11.5% in FY26 against a “more challenging market backdrop“. That double-digit GII growth masked a tougher 12 months (year to end February 2026) below the line. Gross profit growth was modest and operating profit fell as investment continued ahead of returns. […]
Temenos doubles down on Azure to future-proof core banking
Swiss banking technology specialist Temenos has moved to a cloud-native SaaS model for its core banking platform, anchored on Microsoft Azure SQL Database Hyperscale and Azure Kubernetes Service. The new solution is promising some impressive numbers, claiming17,500+ transactions per second at peak, database support up to 128TB, and 99.99% channel transaction efficiency. For a sector where […]
Conduent shows tentative signs of stabilisation in Q1
Conduent’s first quarter 2026 results offer some cautious grounds for optimism, though the business remains firmly in recovery mode. Revenue of $723m represented a 3.7% year-on-year decline, confirming that top-line pressure has not gone away. However, the direction of travel on profitability and cash generation looks more encouraging. Adjusted EBITDA improved by $12m year-on-year to […]