Key Points: – Meta forms new robotics team within Reality Labs, led by former Cruise executive Marc Whitten – Company aims to develop AI platform and software for third-party robot manufacturers – Initial focus on household robots with $65 billion investment planned for AI and related technologies
Meta Platforms (META) is making an aggressive push into the AI-powered humanoid robotics market, signaling CEO Mark Zuckerberg’s latest ambitious bet beyond social media. The tech giant is establishing a dedicated team within its Reality Labs division, positioning itself to compete in a space already occupied by Tesla’s Optimus and Boston Dynamics.
According to internal communications reviewed by Bloomberg, Meta’s strategy differs from its competitors by focusing on developing the underlying AI, sensors, and software platform that other manufacturers can use to build and sell robots. This approach mirrors the successful Android model in smartphones, potentially creating an ecosystem where Meta’s technology powers various third-party humanoid robots.
The initiative will be spearheaded by Marc Whitten, who recently departed as CEO of General Motors’ Cruise self-driving unit. Meta has authorized headcount for approximately 100 engineers in 2025, highlighting the company’s serious commitment to the project.
Meta’s CTO Andrew Bosworth emphasized that the company’s existing investments in Reality Labs and AI provide complementary technologies for robotics development. The tech giant plans to leverage its expertise in hand tracking, low-bandwidth computing, and always-on sensors – technologies initially developed for AR and VR applications.
The company has already initiated discussions with robotics manufacturers, including Unitree Robotics and Figure AI Inc. While Meta isn’t currently planning to release its own branded robot, sources familiar with the matter indicate this could change in the future.
This move comes as part of Meta’s broader $65 billion investment planned for 2025, encompassing AI infrastructure and robotics development. The company is particularly focused on solving challenges in household robotics, aiming to create robots capable of performing complex tasks like folding clothes or loading dishwashers – capabilities that current humanoid robots struggle with.
Industry analysts note that while Tesla’s Optimus is targeting a $30,000 price point for consumers, Meta’s platform approach could potentially accelerate the development of more affordable and capable robots across multiple manufacturers.
Wall Street analysts have responded positively to the news, with several major firms upgrading their price targets for Meta stock. “This strategic move into robotics leverages Meta’s AI capabilities and could open up a new revenue stream in the rapidly growing robotics market, estimated to reach $230 billion by 2030,” noted Sarah Chen, tech analyst at Morgan Stanley.
The company’s focus on safety features has also drawn attention, with Meta developing specialized tools to address concerns about power management and human-robot interaction. These safety protocols could become industry standards, potentially giving Meta a competitive edge in regulatory compliance.
The timeline for widespread availability remains uncertain, with sources suggesting it could take several years before Meta’s platform is ready for third-party products. However, the company’s substantial investment and focus on home automation could position it as a key player in the emerging consumer robotics market.
New Business Signings ACV (2) : Q4 $137M / FY $485M
Net ARR Activity Metric (2) (TTM): $92M
FLORHAM PARK, N.J., Feb. 12, 2025 — Conduent Incorporated (Nasdaq: CNDT), a global technology-led business process solutions and services company, today announced its fourth quarter and full year 2024 financial results.
Cliff Skelton, Conduent President and Chief Executive Officer stated, “2024 proved to be broadly in line with what we planned for. It was a year we said would be characterized by a continued shift to growth, with a focus on new leadership, a rationalized portfolio, improved industry recognition, and improved client retention. It was all of that and more, enhanced by divestitures with solid multiples and a 50% reduction in debt compared to year-end 2023.”
“From a numbers perspective, while timing drove a slightly weaker top line finish to the year, it was offset by an EBITDA margin on the high end of expectations. Quarterly Adjusted Revenue improved sequentially for the past three quarters and Adjusted EBITDA also increased over the past three quarters.”
“We remain bullish on achieving expectations in 2025. We continue to see opportunities for a further rationalized portfolio and remain focused on delivering outstanding service to our valued client base.”
Key Financial Q4 & Full Year 2024 Results
Performance Commentary During 2024, the Company completed three divestitures as part of its portfolio rationalization strategy. The transfer of the BenefitWallet portfolio was completed during the second quarter of 2024 for a total purchase price of $425 million. During the second quarter of 2024, the company also completed the sale of the Curbside Management and Public Safety businesses with a purchase price of $230 million, $50 million of which is deferred to the first half of 2025. During the third quarter of 2024, the company completed the sale of the Casualty Claims Solutions Business and received $224 million of cash consideration.
Also, during 2024, the Company used a portion of the proceeds from the divested businesses to voluntarily prepay all of the principal of the Term Loan B and $137 million of the Term Loan A.
Conduent’s liquidity position remains strong with long-dated debt maturities and a modest net leverage ratio.
Full year 2024 pre-tax income (loss) was $504 million versus $(332) million in the prior year. This increase is primarily driven by the gain on the sale of the three divested businesses noted above, as well as a goodwill impairment in the prior year.
During 2024 the Company completed its previously approved $75 million share repurchase program and bought back a total of 52 million shares of common stock, including approximately 38 million shares purchased from Carl Icahn and affiliates.
Additional Q4 & Full Year 2024 Performance Highlights
Conduent achieved several milestones in technology-led solutions, operational excellence and culture, including:
Announced several implementations and advanced solutions in Transportation including expanded 3D fare gates, open payment digital wallet fare collection and all-electronic express lane tolling for clients in the US and Europe;
Implemented several digital payment solutions for several states that combat fraud and disburse payments to those in need;
Integrated AI-driven solutions by TALON and Jellyvision’s ALEX with Conduent’s Life@Work Connect Experience Platform to enhance employee benefits decisions;
Collaborated with Microsoft on an initiative across the Conduent portfolio to drive innovation using Microsoft Azure OpenAI Services;
Earned Leader Recognition from:
Information Services Group (ISG) as a U.S. and Europe “Leader” in its 2024 Contact Center – Customer Experience Services Provider Lens™ report; and
NelsonHall’s NEAT Report for Healthcare Payer Operational Transformation; CX Services Transformation – Cost Optimization Focus; and Multi-Process HR Transformation Services for Large Enterprises.
Earned Recognition for Industry Leadership and Culture:
“GovTech Top 100 Company” for the third consecutive year;
Newsweek Top 100 Most Loved Workplaces for third consecutive year;
“Best Place to Work for Disability Inclusion” (Disability Equality Index); and
Forbes’ list of America’s Best Employers for Diversity for the fourth consecutive year.
FY 2025 Outlook
Conference Call Management will present the results during a conference call and webcast on February 12, 2025 at 9:00 a.m. ET.
The call will be available by live audio webcast along with the news release and online presentation slides at https://investor.conduent.com/.
The conference call will also be available by calling 877-407-4019 toll-free. If requested, the conference ID for this call is 13750544.
The international dial-in is 1-201-689-8337. The international conference ID is also 13750544.
A recording of the conference call will be available by calling 1-877-660-6853 three hours after the conference call concludes. The replay ID is 13750544.
The telephone recording will be available until February 26, 2025.
About Conduent Conduent delivers digital business solutions and services spanning the commercial, government and transportation spectrum – creating valuable outcomes for its clients and the millions of people who count on them. The company leverages cloud computing, artificial intelligence, machine learning, automation and advanced analytics to deliver mission-critical solutions. Through a dedicated global team of approximately 56,000 associates, process expertise and advanced technologies, Conduent’s solutions and services digitally transform its clients’ operations to enhance customer experiences, improve performance, increase efficiencies and reduce costs. Conduent adds momentum to its clients’ missions in many ways including disbursing approximately $85 billion in government payments annually, enabling approximately 2.3 billion customer service interactions annually, empowering millions of employees through HR services every year and processing over 13 million tolling transactions every day. Learn more at www.conduent.com.
Non-GAAP Financial Measures We have reported our financial results in accordance with accounting principles generally accepted in the U.S. (U.S. GAAP). In addition, we have discussed our financial results using non-GAAP measures. We believe these non-GAAP measures allow investors to better understand the trends in our business and to better understand and compare our results. Accordingly, we believe it is necessary to adjust several reported amounts, determined in accordance with U.S. GAAP, to exclude the effects of certain items as well as their related tax effects. Management believes that these non-GAAP financial measures provide an additional means of analyzing the results of the current period against the corresponding prior period. However, these non-GAAP financial measures should be viewed in addition to, and not as a substitute for, our reported results prepared in accordance with U.S. GAAP. Our non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable U.S. GAAP measures and should be read only in conjunction with our Consolidated Financial Statements prepared in accordance with U.S. GAAP. Our management regularly uses our non-GAAP financial measures internally to understand, manage and evaluate our business and make operating decisions. Providing such non-GAAP financial measures to investors allows for a further level of transparency as to how management reviews and evaluates our business results and trends. These non-GAAP measures are among the primary factors management uses in planning for and forecasting future periods. Compensation of our executives is based in part on the performance of our business based on certain of these non-GAAP measures. Refer to the “Non-GAAP Financial Measures” section attached to this release for a discussion of these non-GAAP measures and their reconciliation to the reported U.S. GAAP measures.
Forward-Looking Statements
This press release, any exhibits or attachments to this release, and other public statements we make may contain “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. The words “anticipate,” “believe,” “estimate,” “expect,” “expectations,” “in front of us,” “plan,” “intend,” “will,” “aim,” “should,” “could,” “forecast,” “target,” “may,” “continue to,” “looking to continue,” “endeavor,” “if,” “growing,” “projected,” “potential,” “likely,” “see,” “ahead,” “further,” “going forward,” “on the horizon,” “as we progress,” “going to,” “path from here forward,” “think,” “path to deliver,” “from here,” and similar expressions (including the negative and plural forms of such words and phrases), as they relate to us, are intended to identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. All statements other than statements of historical fact included in this press release or any attachment to this press release are forward-looking statements, including, but not limited to, statements regarding our financial results, condition and outlook; changes in our operating results; general market and economic conditions; and our projected financial performance, including all statements made under the section captioned “FY 2025 Outlook” within this release. These statements reflect our current views with respect to future events and are subject to certain risks, uncertainties and assumptions, many of which are outside of our control, that could cause actual results to differ materially from those expected or implied by such forward-looking statements contained in this press release, any exhibits to this press release and other public statements we make.
Important factors and uncertainties that could cause our actual results to differ materially from those in our forward-looking statements include, but are not limited to: government appropriations and termination rights contained in our government contracts, the competitiveness of the markets in which we operate and our ability to renew commercial and government contracts, including contracts awarded through competitive bidding processes; our ability to recover capital and other investments in connection with our contracts; our reliance on third-party providers; risk and impact of geopolitical events and increasing geopolitical tensions (such as the war in the Ukraine and conflict in the Middle East), macroeconomic conditions, natural disasters and other factors in a particular country or region on our workforce, customers and vendors; our ability to deliver on our contractual obligations properly and on time; changes in interest in outsourced business process services; claims of infringement of third-party intellectual property rights; our ability to estimate the scope of work or the costs of performance in our contracts; the loss of key senior management and our ability to attract and retain necessary technical personnel and qualified subcontractors; our failure to develop new service offerings and protect our intellectual property rights; our ability to modernize our information technology infrastructure and consolidate data centers; expectations relating to environmental, social and governance considerations; utilization of our stock repurchase program; risks related to our use of artificial intelligence; the failure to comply with laws relating to individually identifiable information and personal health information; the failure to comply with laws relating to processing certain financial transactions, including payment card transactions and debit or credit card transactions; breaches of our information systems or security systems or any service interruptions; our ability to comply with data security standards; developments in various contingent liabilities that are not reflected on our balance sheet, including those arising as a result of being involved in a variety of claims, lawsuits, investigations and proceedings; risks related to recently completed divestitures including the (i) transfer of the Company’s BenefitWallet’s health savings account, medical savings account and flexible spending account portfolio, (ii) the sale of the Company’s Curbside Management and Public Safety Solutions businesses and (iii) the sale of the Company’s Casualty Claims Solutions business, including but not limited to the Company’s ability to realize the benefits anticipated from such transactions, unexpected costs, liabilities or delays in connection with such transactions, and the significant transaction costs associated with such transactions; risk and impact of potential goodwill and other asset impairments; our significant indebtedness and the terms of such indebtedness; our failure to obtain or maintain a satisfactory credit rating and financial performance; our ability to obtain adequate pricing for our services and to improve our cost structure; our ability to collect our receivables, including those for unbilled services; a decline in revenues from, or a loss of, or a reduction in business from or failure of significant clients; fluctuations in our non-recurring revenue; increases in the cost of voice and data services or significant interruptions in such services; our ability to receive dividends or other payments from our subsidiaries; and other factors that are set forth in the “Risk Factors” section, the “Legal Proceedings” section, the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” section and other sections in our 2024 Annual Report on Form 10-K, as well as in our Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with or furnished to the Securities and Exchange Commission. Any forward-looking statements made by us in this release speak only as of the date on which they are made. We are under no obligation to, and expressly disclaim any obligation to, update or alter our forward-looking statements, whether because of new information, subsequent events or otherwise, except as required by law.
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Appendix
Definitions
Net ARR Activity Metric (TTM)
Projected Annual Recurring Revenue (ARR) for contracts signed in the prior 12 months, less the annualized impact of any client losses, contractual volume and price changes, and other known impacts for which the company was notified in that same time period, which could positively or negatively impact results. The metric annualizes the net impact to revenue. Timing of revenue impact varies and may not be realized within the forward 12-month timeframe. The metric is for indicative purposes only. This metric excludes non-recurring revenue signings. This metric is not indicative of any specific 12 month timeframe.
New Business Annual Contract Value (ACV): (New Business TCV / contract term) multiplied by 12.
New Business Total Contract Value (TCV): Estimated total future revenues from contracts signed during the period related to new logo, new service line or expansion with existing customers.
TTM: Trailing twelve months.
PBT: Profit before tax.
Non-GAAP Financial Measures
We have reported our financial results in accordance with accounting principles generally accepted in the U.S. (U.S. GAAP). In addition, we have discussed our financial results using non-GAAP measures.
We believe these non-GAAP measures allow investors to better understand the trends in our business and to better understand and compare our results. Accordingly, we believe it is necessary to adjust several reported amounts, determined in accordance with U.S. GAAP, to exclude the effects of certain items as well as their related tax effects. Management believes that these non-GAAP financial measures provide an additional means of analyzing the results of the current period against the corresponding prior period. However, these non-GAAP financial measures should be viewed in addition to, and not as a substitute for, the Company’s reported results prepared in accordance with U.S. GAAP. Our non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable U.S. GAAP measures and should be read only in conjunction with our Consolidated Financial Statements prepared in accordance with U.S. GAAP. Our management regularly uses our non-GAAP financial measures internally to understand, manage and evaluate our business and make operating decisions, and providing such non-GAAP financial measures to investors allows for a further level of transparency as to how management reviews and evaluates our business results and trends. These non-GAAP measures are among the primary factors management uses in planning for and forecasting future periods. Compensation of our executives is based in part on the performance of our business based on certain of these non-GAAP measures.
Management cautions that amounts presented in accordance with Conduent’s definition of non-GAAP financial measures may not be comparable to similar measures disclosed by other companies because not all companies calculate non-GAAP measures in the same manner.
A reconciliation of the following non-GAAP financial measures to the most directly comparable financial measures calculated and presented in accordance with U.S. GAAP are provided below.
These reconciliations also include the income tax effects for our non-GAAP performance measures in total, to the extent applicable. The income tax effects are calculated under the same accounting principles as applied to our reported pre-tax performance measures under Accounting Standards Codification 740, which employs an annual effective tax rate method. The noted income tax effect for our non-GAAP performance measures is effectively the difference in income taxes for reported and adjusted pre-tax income calculated under the annual effective tax rate method. The tax effect of the non-GAAP adjustments was calculated based upon evaluation of the statutory tax treatment and the applicable statutory tax rate in the jurisdictions in which such charges were incurred.
Adjusted Revenue, Adjusted Profit Before Tax, Adjusted Net Income (Loss), Adjusted Diluted Earnings per Share, Adjusted Weighted Average Common Shares Outstanding, and Adjusted Effective Tax Rate
We make adjustments to Revenue, Net Income (Loss) before Income Taxes for the following items, as applicable, to the particular financial measure, for the purpose of calculating Adjusted Revenue, Adjusted Profit Before Tax, Adjusted Net Income (Loss), Adjusted Diluted Earnings per Share, Adjusted Weighted Average Common Shares Outstanding, and Adjusted Effective Tax Rate:
Amortization of acquired intangible assets. The amortization of acquired intangible assets is driven by acquisition activity, which can vary in size, nature and timing as compared to other companies within our industry and from period to period.
Restructuring and related costs. Restructuring and related costs include restructuring and asset impairment charges as well as costs associated with our strategic transformation program.
Goodwill impairment. This represents goodwill impairment charges arising from annual or interim goodwill testing.
(Gain) loss on divestitures and transaction costs, net. Represents (gain) loss on divested businesses and transaction costs.
Litigation settlements (recoveries), net represents settlements or recoveries for various matters subject to litigation.
Loss on extinguishment of debt. This represents write-off related debt issuance costs related to prepayments of debt.
Other charges (credits). This includes Other (income) expenses, net on the Consolidated Statements of Income (loss) and other adjustments.
Divestitures. Revenue and Adjusted EBITDA of divested businesses are excluded.
The Company provides adjusted net income and adjusted EPS financial measures to assist our investors in evaluating our ongoing operating performance for the current reporting period and, where provided, over different reporting periods, by adjusting for certain items which may be recurring or non-recurring and which in our view do not necessarily reflect ongoing performance. We also internally use these measures to assess our operating performance, both absolutely and in comparison to other companies, and in evaluating or making selected compensation decisions.
Management believes that the adjusted effective tax rate, provided as supplemental information, facilitates a comparison by investors of our actual effective tax rate with an adjusted effective tax rate which reflects the impact of the items which are excluded in providing adjusted net income and certain other identified items, and may provide added insight into our underlying business results and how effective tax rates impact our ongoing business.
Adjusted Revenue, Adjusted Operating Income and Adjusted Operating Margin
We make adjustments to Revenue, Costs and Expenses and Operating Margin for the following items, as applicable, for the purpose of calculating Adjusted Revenue, Adjusted Operating Income and Adjusted Operating Margin:
Amortization of acquired intangible assets.
Restructuring and related costs.
Interest expense. Interest expense includes interest on long-term debt and amortization of debt issuance costs.
Goodwill impairment.
Loss on extinguishment of debt.
(Gain) loss on divestitures and transaction costs, net.
Litigation settlements (recoveries), net.
Other charges (credits).
Divestitures.
We provide our investors with adjusted revenue, adjusted operating income and adjusted operating margin information, as supplemental information, because we believe it offers added insight, by itself and for comparability between periods, by adjusting for certain non-cash items as well as certain other identified items which we do not believe are indicative of our ongoing business, and may also provide added insight on trends in our ongoing business.
Adjusted EBITDA and EBITDA Margin
We use Adjusted EBITDA and Adjusted EBITDA Margin as an additional way of assessing certain aspects of our operations that, when viewed with the U.S. GAAP results and the accompanying reconciliations to corresponding U.S. GAAP financial measures, provide a more complete understanding of our on-going business. Adjusted EBITDA represents income (loss) before interest, income taxes, depreciation and amortization and contract inducement amortization adjusted for the following items. Adjusted EBITDA Margin is Adjusted EBITDA divided by revenue or adjusted revenue, as applicable.
Restructuring and related costs.
Goodwill impairment.
Loss on extinguishment of debt.
(Gain) loss on divestitures and transaction costs, net.
Litigation settlements (recoveries), net.
Other charges (credits).
Divestitures.
Adjusted EBITDA is not intended to represent cash flows from operations, operating income (loss) or net income (loss) as defined by U.S. GAAP as indicators of operating performance.
Free Cash Flow
Free Cash Flow is defined as cash flows from operating activities as reported on the consolidated statement of cash flows, less cost of additions to land, buildings and equipment, cost of additions to internal use software, and proceeds from sales of land, buildings and equipment, as applicable. We use the non-GAAP measure of Free Cash Flow as a criterion of liquidity. We use Free Cash Flow as a measure of liquidity to determine amounts we can reinvest in our core businesses, such as amounts available to make acquisitions and invest in land, buildings and equipment and internal use software, after required payments on debt. In order to provide a meaningful basis for comparison, we are providing information with respect to our Free Cash Flow reconciled to cash flow provided by operating activities, which we believe to be the most directly comparable measure under U.S. GAAP.
Adjusted Free Cash Flow
Adjusted Free Cash Flow is defined as Free Cash Flow from above plus adjustments for litigation insurance recoveries, transaction costs, taxes paid on gains from divestitures and litigation recoveries, proceeds from failed sale-leaseback transactions and certain other identified adjustments, as applicable. We use Adjusted Free Cash Flow, in addition to Free Cash Flow, to provide supplemental information to our investors concerning our ability to generate cash from our ongoing operating activities; by excluding these items, we believe we provide useful additional information to our investors to help them further understand our ability to generate cash period-over-period as well as added information on comparability to our competitors. Such as with Free Cash Flow information, as so adjusted, it is specifically not intended to provide amounts available for discretionary spending. We have added certain adjustments to account for items which we do not believe reflect our core business or operating performance, and we computed all periods with such adjusted costs.
Revenue at Constant Currency
To better understand trends in our business, we believe that it is helpful to adjust revenue to exclude the impact of changes in the translation of foreign currencies into U.S. Dollars. We refer to this adjusted revenue as “constant currency.” Currency impact is determined as the difference between actual growth rates and constant currency growth rates. This currency impact is calculated by translating the current period activity in local currency using the comparable prior-year period’s currency translation rate.
Non-GAAP Outlook
In providing the Full Year 2025 outlook for Adjusted EBITDA and Adjusted EBITDA Margin we exclude certain items which are otherwise included in determining the comparable U.S. GAAP financial measure. A description of the adjustments which historically have been applicable in determining Adjusted EBITDA and Adjusted EBITDA Margin is reflected in the table below. We are providing such outlook only on a non-GAAP basis because the company is unable without unreasonable efforts to predict with reasonable certainty the totality or ultimate outcome or occurrence of these adjustments for the forward-looking period, which can be dependent on future events that may not be reliably predicted. Based on past reported results, where one or more of these items have been applicable, such excluded items could be material, individually or in the aggregate, to reported results. We have provided an outlook for Adjusted Revenue only on a non-GAAP basis using foreign currency translation rates as of fiscal year end due to the inability to, without unreasonable efforts, accurately predict foreign currency impact on revenues. Full Year 2025 Outlook for Adjusted Free Cash Flow is provided as a factor of expected Adjusted EBITDA, and such outlook is only available on a non-GAAP basis for the reasons described above. For the same reason, we are unable to provide a GAAP expected adjusted tax rate, which adjusts for our non-GAAP adjustments. Non-GAAP Reconciliations: Adjusted Revenue, Revenue at Constant Currency, Adjusted Net Income (Loss), Adjusted Effective Tax, Adjusted Operating Income (Loss) and Adjusted EBITDA were as follows (see footnotes on last page of Non-GAAP reconciliations):
NEW YORK–(BUSINESS WIRE)– Perfect Corp. (NYSE: PERF) (“Perfect” or the “Company”), a global leader in providing augmented reality (“AR”) and artificial intelligence (“AI”) Software-as-a-Service (“SaaS”) solutions to beauty and fashion industries, today announced that it plans to release its financial results for the full year of 2024 before U.S. markets open on Wednesday, February 26, 2025 and to hold a conference call at 7:30 p.m. Eastern Time the same day on February 26, 2025 (or 8:30 a.m. Taipei Standard Time the following day on February 27, 2025).
The Company’s management will discuss the financial results and latest developments during the conference call. For participants who wish to join the call, please complete online registration using the link provided below in advance of the conference call. Upon registration, each participant will receive a participant dial-in number and a unique access PIN, which can be used to join the conference call.
A live and archived webcast of the conference call will also be available at the Company’s investor relations website at https://ir.perfectcorp.com.
About Perfect Corp.
Perfect Corp. (NYSE: PERF) leverages ‘Beautiful AI’ innovations to make our world more beautiful. As a pioneer and leader in the space, Perfect Corp. works with over 650 partners around the globe to empower brands to embrace the digital-first world by transforming shopping journeys through digital tech innovations. Perfect Corp.’s suite of enterprise solutions delivers synergistic, technology-driven experiences that facilitate sustainable, ultra-personalized, and engaging shopping journeys through hyper-realistic virtual try-ons, AI-powered skin analyses, personalized product recommendation tools and many more Beautiful AI innovations. For more information, visit https://ir.perfectcorp.com/.
Conni will be integrated into multiple Conduent platforms to boost clients’ productivity, enhance quality, and elevate customer experience
FLORHAM PARK, N.J. — Conduent Incorporated (Nasdaq: CNDT), a global leader in technology-driven business solutions and services, launches Conni, an innovative GenAI virtual assistant developed as part of the company’s AI initiative. Leveraging Microsoft Azure OpenAI Service, Conni is designed to enhance the quality of results and improve customer experience across Conduent platforms for companies and government agencies.
“We will continue to embed AI and generative AI within our solutions to drive functionality. New features like Conni build on Conduent’s strategy of integrating advanced technologies, such as automation, machine learning, and digitalization to drive better outcomes for our clients,” said Cliff Skelton, President and Chief Executive Officer at Conduent. “In our Human Capital Solutions business, Conni is deployed to help employees navigate their benefits. By enhancing the employee experience, Conni can drive improved satisfaction and help reduce HR-related inquiries.”
The first implementation of Conni is in Conduent’s Life@Work® Connect Experience Platform, a secure closed system, centralized portal for health, wealth, and wellness employee benefits. Life@Work Connect, with its suite of advanced AI-driven features like JellyVision and TALON, consolidates data from various sources, offering interactive content, educational resources and guided recommendations to help employees manage their benefits with a personalized, intelligent experience.
With Conni in Life@Work Connect, employees can:
Use natural, everyday language, avoiding the technical jargon.
Get fast, accurate personalized answers to specific questions about their health and wealth benefits and supplemental benefits.
Easily navigate to resources and transactions for life events, health savings accounts, flexible savings accounts, and other benefits.
Access personalized data and employer program details to make informed decisions.
Use information from all resources on the Life@Work Connect Experience Platform.
Seamlessly transition to live customer support when needed.
DeeAnna Warrington, Principal Research Analyst at NelsonHall and a member of its HR Talent Transformation practice said, “By incorporating generative AI into its client offerings and internal operations, Conduent continues its tradition of delivering advanced technologies and solutions that boost client efficiency, reduce costs, enhance customer experiences, and optimize business processes.”
As an example of how Conni works, in a use case such as an injury requiring physical therapy, Conni can answer questions like, “Where is the best place for physical therapy near me?” and “How much money is in my health savings account to pay for treatment?” Conni uses the employee-specific coverage and elections along with the information available through the health plan to guide the employee and provide fast answers.
Conduent delivers digital business solutions and services spanning the commercial, government and transportation spectrum – creating valuable outcomes for its clients and the millions of people who count on them. The Company leverages cloud computing, artificial intelligence, machine learning, automation and advanced analytics to deliver mission-critical solutions. Through a dedicated global team of approximately 55,000 associates, process expertise and advanced technologies, Conduent’s solutions and services digitally transform its clients’ operations to enhance customer experiences, improve performance, increase efficiencies and reduce costs. Conduent adds momentum to its clients’ missions in many ways including disbursing approximately $100 billion in government payments annually, enabling 2.3 billion customer service interactions annually, empowering millions of employees through HR services every year and processing nearly 13 million tolling transactions every day. Learn more at www.conduent.com.
Conduent is a trademark of Conduent Incorporated in the United States and/or other countries. Other names may be trademarks of their respective owners.
STAMFORD, Conn.–(BUSINESS WIRE)– Information Services Group (ISG) (Nasdaq: III ), a leading global technology research and advisory firm, said today it will release its fourth-quarter financial results on Thursday, March 6, 2025, at approximately 4:15 p.m., U.S. Eastern Time.
The firm will host a conference call with investors and industry analysts at 9 a.m., U.S. Eastern Time, the following day, Friday, March 7. Dial-in details are as follows:
The dial-in number for U.S. participants is+1 (800) 715-9871.
International participants should call+1 (646) 307-1963.
The security code to access the call is4083759.
Participants are requested to dial in at least five minutes before the scheduled start time.
A recording of the conference call will be accessible on ISG’s investor relations page for approximately four weeks following the call.
About ISG
ISG (Information Services Group) (Nasdaq: III ) is a leading global technology research and advisory firm. A trusted business partner to more than 900 clients, including more than 75 of the world’s top 100 enterprises, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including AI, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,600 digital-ready professionals operating in more than 20 countries—a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry’s most comprehensive marketplace data. For more information, visit www.isg-one.com.
Key Points: – Above Food Ingredients Inc. (NASDAQ: ABVE) has signed a Letter of Intent to acquire Palm Global Technologies Ltd. in a $180 million share exchange, expanding into Agri-Tech, FinTech, and carbon credit securitization. – Palm Global’s proprietary AI, blockchain, and decentralized finance technologies will enhance Above Food’s vertically integrated food systems, supporting sustainable agriculture and economic empowerment for millions of farmers. – Following the acquisition, Palm Global’s Peter Knez will become Chairman and CEO of the combined companies, with definitive agreements expected to be finalized and closed in the near term.
Above Food Ingredients Inc. (NASDAQ: ABVE), a leader in sustainable, vertically integrated food systems, has signed a Letter of Intent (LOI) to acquire Palm Global Technologies Ltd., a next-generation innovator in technology, sustainability, and global food markets. The acquisition is expected to strengthen Above Food’s position in Agri-Tech, FinTech, and carbon credit securitization, further advancing its commitment to sustainable food production and innovation.
Strategic Rationale and Industry Impact
The transaction will integrate Above Food’s vertically integrated food systems with Palm Global’s groundbreaking technologies, alliances, and global reach. Palm Global’s proprietary AI, blockchain, and decentralized finance technologies are designed to drive economic empowerment, education, and sustainable growth, particularly in underserved markets, benefiting tens of millions of farmers worldwide.
“This transformative acquisition positions Above Food to redefine global agriculture and sustainability while unlocking a number of significant opportunities in high-growth markets,” said Lionel Kambeitz, Founder and CEO of Above Food. “Palm Global’s innovative technologies, combined with its mission to drive economic empowerment, align perfectly with our vision for sustainable food solutions worldwide.”
Palm Global’s Technological and Strategic Contributions
AI, Blockchain, and DeFi Technologies – Palm Global’s solutions enhance efficiency, security, and accessibility in the global food supply chain.
Partnerships with Governments and Institutions – Palm Global collaborates with entities like the Peace for Life Foundation, IIMSAM, and global institutions to accelerate technology adoption among farmers.
Strategic Global Alliances – The acquisition allows Above Food to leverage Palm Global’s extensive partnerships to develop, utilize, and maximize R&D capabilities in agronomy and genomics.
The newly combined entity will enable innovative initiatives such as regenerative agriculture and grow-to-order food solutions, creating customized approaches to meet evolving consumer and agricultural needs.
Transaction Details and Leadership Transition
The LOI outlines a share exchange valuing Palm Global at approximately $180 million.
Definitive agreements are expected this month, with approvals and closing anticipated soon after.
Peter Knez, currently on Palm Global’s Board of Directors, will assume the role of Chairman and CEO of the combined companies.
Future Outlook
This merger is set to enhance global food security, promote sustainable agriculture, and create economic opportunities in underserved markets through technological innovation and strategic partnerships. By combining resources, Above Food and Palm Global aim to drive the next wave of transformation in sustainable food production and agricultural technology.
OVERLAND PARK, Kan.–(BUSINESS WIRE)– SelectQuote, Inc. (NYSE: SLQT), a leading distributor of Medicare insurance policies and owner of a rapidly growing Healthcare Services platform, today announced it will release its second quarter 2025 financial results after market close on Monday, February 10, 2025. Chief Executive Officer, Tim Danker, and Chief Financial Officer, Ryan Clement, will host a conference call on the day of the release (February 10, 2025) at 5:00 pm ET to discuss the results.
After registering, a confirmation will be sent via email, including dial in details and unique conference call codes for entry. Registration is open through the live call, but to ensure you are connected for the full call, we suggest registering a day in advance or at minimum 10 minutes before the start of the call. The event will also be webcasted live via our investor relations website https://ir.selectquote.com/investor-home/default.aspx or via this link.
About SelectQuote:
Founded in 1985, SelectQuote (NYSE: SLQT) provides solutions that help consumers protect their most valuable assets: their families, health, and property. The company pioneered the model of providing unbiased comparisons from multiple, highly-rated insurance companies allowing consumers to choose the policy and terms that best meet their unique needs. Two foundational pillars underpin SelectQuote’s success: a strong force of highly-trained and skilled agents who provide a consultative needs analysis for every consumer, and proprietary technology that sources and routes high-quality leads.
With an ecosystem offering high touchpoints for consumers across insurance, medicare, pharmacy, and value-based care, the company now has four core business lines: SelectQuote Senior, SelectQuote Healthcare Services, SelectQuote Life, and SelectQuote Auto and Home. SelectQuote Senior serves the needs of a demographic that sees around 10,000 people turn 65 each day with a range of Medicare Advantage and Medicare Supplement plans. SelectQuote Healthcare Services is comprised of the SelectRx Pharmacy, a Patient-Centered Pharmacy Home™ (PCPH) accredited pharmacy, and Healthcare Select which proactively connects consumers with a wide breadth of healthcare services supporting their needs.
Key Points: – Palantir stock surged 25% to a record high following better-than-expected fourth-quarter results and strong guidance. – The company’s U.S. commercial revenue grew 64% year over year, while U.S. government revenues rose 45%. – CEO Alex Karp emphasized Palantir’s pivotal role in AI and national security, predicting sustained momentum over the next three to five years.
Palantir Technologies saw its stock price soar by 25% on Tuesday, hitting a record high after delivering robust fourth-quarter earnings and an optimistic outlook fueled by artificial intelligence (AI) advancements. The Denver-based software company reported adjusted earnings of 14 cents per share on revenue of $828 million, surpassing analysts’ expectations of 11 cents per share and $776 million in revenue.
The company also provided strong guidance for the first quarter of 2025, forecasting revenue between $858 million and $862 million—well above the $799 million analysts had anticipated. For the full year, Palantir expects revenue between $3.74 billion and $3.76 billion, again exceeding estimates of $3.52 billion. This impressive performance has driven Palantir’s stock up 36% year-to-date, continuing its explosive 340% growth throughout 2024 as AI adoption accelerates.
CEO and co-founder Alex Karp attributed the company’s momentum to the increasing adoption of its AI-powered platforms across both commercial and government sectors. Palantir’s U.S. commercial revenue surged 64% year over year, while its U.S. government revenue climbed 45%. Karp described the company’s trajectory as “unlike anything that has come before,” reinforcing its dominance in AI and data analytics.
Palantir, long recognized for its work with U.S. defense and intelligence agencies, has also seen rising demand for its AI-driven commercial software solutions. The company expects U.S. commercial sales to grow by 54% in 2025, reflecting broader enthusiasm for AI-driven business intelligence and operational efficiency.
“We are at the very beginning of our trajectory and the AI revolution,” Karp said in his letter to shareholders. “We plan to be a cornerstone—if not the cornerstone—company driving this transformation in the U.S. over the next three to five years.”
Karp also emphasized Palantir’s commitment to national security, stating that the company is “very long America” and aims to enhance U.S. military capabilities to deter potential adversaries. His comments come amid rising competition in AI, particularly following China’s DeepSeek AI breakthroughs, which have raised concerns over technological supremacy and national security implications.
The strong earnings report prompted several Wall Street firms to raise their price targets for Palantir’s stock. Bank of America analyst Mariana Perez Mora called Palantir an AI “value adder” and increased her price target, while Morgan Stanley upgraded the stock from underweight to equal weight. Analyst Sanjit Singh admitted that concerns over slowing growth had been overstated, saying, “Given the strength of the outlook, we acknowledge that we were wrong about our core fundamental catalyst of slowing growth below the 30% level.”
With AI adoption showing no signs of slowing, Palantir’s strong financial results and forward-looking guidance have solidified its status as a key player in the evolving AI landscape. Investors remain highly optimistic about the company’s future, as it continues to expand its AI-powered solutions across both public and private sectors.
Conduent Incorporated (Nasdaq: CNDT), a global technology-led business solutions and services company, plans to report its fourth-quarter and full-year 2024 financial results on Wednesday, February 12 before market open. Management will present the results during a conference call and webcast at 9:00 a.m. ET.
The call will be available by live audio cast along with the news release and online presentation slides at https://investor.conduent.com .
The conference call will also be available by calling 877-407-4019 toll free. If requested, the conference ID 13750544.
The international dial-in is +1 201-689-8337. The international conference ID is also 13750544.
A recording of the conference call will be available by calling 877-660-6853 three hours after the conference call concludes. The access ID for the recording is 13750544.
The call recording will be available until February 26, 2025.
We look forward to your participation.
About Conduent Conduent delivers digital business solutions and services spanning the commercial, government and transportation spectrum – creating valuable outcomes for its clients and the millions of people who count on them. The Company leverages cloud computing, artificial intelligence, machine learning, automation and advanced analytics to deliver mission-critical solutions. Through a dedicated global team of approximately 55,000 associates, process expertise and advanced technologies, Conduent’s solutions and services digitally transform its clients’ operations to enhance customer experiences, improve performance, increase efficiencies and reduce costs. Conduent adds momentum to its clients’ missions in many ways including disbursing approximately $100 billion in government payments annually, enabling 2.3 billion customer service interactions annually, empowering millions of employees through HR services every year and processing nearly 13 million tolling transactions every day. Learn more at www.conduent.com .
Trademarks Conduent is a trademark of Conduent Incorporated in the United States and/or other countries. Other names may be trademarks of their respective owners.
Key Points: – Planet secures $230 million contract for Pelican satellite constellation – Company plans to deploy up to 32 advanced satellites with AI capabilities – Stock has more than doubled in past 12 months, indicating growing market confidence
The satellite imagery and data analysis company Planet has made a significant stride in the commercial space sector, announcing a landmark $230 million contract for its next-generation Pelican satellite constellation. This deal represents not just a financial milestone for the company, but also signals the growing potential of space-based technologies and services in the global market.
Planet’s CEO Will Marshall described the contract as the company’s biggest deal ever, involving the construction of dedicated satellites for an undisclosed customer in the Asia-Pacific region. The multi-year agreement spans satellite construction and a five-year operational period, highlighting the increasing commercial demand for specialized satellite services.
The Pelican satellite project represents a strategic evolution for Planet, which currently operates over 200 satellites in orbit. The new constellation aims to deploy up to 32 high-powered satellites, featuring advanced artificial intelligence capabilities through Nvidia’s Jetson edge platform. This technological leap underscores the rapid innovation happening in the commercial space industry, where data processing and imagery capabilities are becoming increasingly sophisticated.
Investors have taken notice of Planet’s potential, with the company’s stock more than doubling over the past 12 months. Despite the challenges faced by space companies following the SPAC boom of 2021, Planet has demonstrated resilience and strategic positioning in a competitive market. The recent contract, coupled with a multiyear agreement with the European Space Agency, suggests growing confidence in the company’s technological capabilities and market potential.
The broader space industry continues to attract significant investment and attention, with private companies pushing the boundaries of satellite technology, earth observation, and data analytics. Planet’s approach of offering dedicated satellite services represents a novel business model that could reshape how organizations access and utilize space-based technologies.
The company’s strategy extends beyond simply launching satellites, focusing on creating adaptable spacecraft that can be tailored to specific customer needs. This approach has already been tested with the Tanager satellite product line, demonstrating Planet’s ability to deliver customized solutions for various sectors, including environmental monitoring and research.
Technological advancements are driving the space industry’s growth, with artificial intelligence, miniaturization, and improved data processing capabilities making satellite services more accessible and valuable. The Pelican satellites, featuring advanced AI integration, exemplify this trend of increasingly intelligent and responsive space technologies.
For investors and industry observers, Planet’s latest contract represents more than a single business deal. It symbolizes the expanding commercial potential of space technologies, the increasing value of earth observation data, and the continued innovation in a sector that promises to transform multiple industries from agriculture and environmental monitoring to defense and telecommunications.
Key Points: – Meta leads tech earnings with strong revenue growth while Microsoft disappoints on cloud outlook – Tesla’s future product roadmap overshadows current quarter miss – Semiconductor stocks show strength on AI-driven demand, led by Lam Research
The first month of 2025 has delivered a complex picture of the tech industry’s health, as major players reported mixed earnings results that highlighted both the promises and challenges in artificial intelligence and cloud computing. Meta Platforms emerged as a clear winner, with shares surging 4.5% after exceeding fourth-quarter revenue expectations, despite cautioning about potential headwinds in the first quarter of 2025.
In contrast, Microsoft faced investor skepticism, with shares dropping 4.7% following lower-than-expected growth projections for its crucial cloud computing division. This disappointment came despite the company’s continued investment in AI technology through its partnership with OpenAI.
Tesla’s earnings presentation painted a picture of ambitious future plans overshadowing current performance challenges. The electric vehicle maker’s stock managed to stay positive, rising 0.5%, after announcing plans for new, more affordable vehicles in early 2026 and the upcoming launch of a paid autonomous driving service. These forward-looking announcements helped investors look past quarterly results that fell short of Wall Street’s expectations.
The semiconductor sector showed remarkable resilience, with Lam Research leading the charge. The chip equipment manufacturer’s shares jumped 5.2% after providing an optimistic revenue forecast for the third quarter, driven by strong demand from AI-focused customers. This positive sentiment spread throughout the sector, lifting shares of Broadcom and Marvell Technology by 5.8% and 3.8% respectively.
The earnings season has highlighted a clear divide between companies successfully monetizing AI innovations and those still trying to navigate the transition. Communication services emerged as the strongest performing sector, largely driven by Meta’s strong showing, while technology stocks faced pressure from Microsoft’s disappointing outlook.
Adding to the market narrative, Chinese AI startup DeepSeek’s rapid rise has introduced new competitive dynamics in the AI space, raising concerns about potential pricing pressures in the sector. This development has forced investors to reassess their expectations for established U.S. AI leaders.
As Apple and Intel prepare to report their results, investors remain focused on how these tech giants are adapting to the evolving landscape of AI integration and cloud computing services. The mixed earnings results suggest that while the tech sector continues to drive innovation, success increasingly depends on executing specific AI and cloud strategies rather than broader market momentum.
Key Points: – DeepSeek’s cost-effective AI model challenges U.S. tech giants, raising doubts about massive AI spending. – The R1 model, developed for under $6 million, rivals OpenAI’s ChatGPT, sparking investor concerns. – Wall Street reacts sharply, with major tech stocks like Nvidia and Microsoft experiencing significant drops.
The AI revolution, which has captivated Wall Street and reshaped the tech landscape, is facing a new challenge. DeepSeek, a Chinese AI startup, has emerged as a formidable competitor to U.S. tech giants, sparking concerns about the future of American AI leadership. With its cost-effective and high-performing AI model, DeepSeek is not only disrupting the market but also forcing investors to rethink the exorbitant spending habits of Silicon Valley.
DeepSeek’s R1 model, released in late January 2025, has quickly gained traction, topping iPhone download charts in the U.S. and rivaling OpenAI’s ChatGPT in performance benchmarks. What sets DeepSeek apart is its ability to achieve these results at a fraction of the cost. While OpenAI’s GPT models reportedly cost over 100 million to train, DeepSeek claims its breakthrough was developed for less than 6 million. This stark contrast has raised questions about the necessity of the massive investments being made by U.S. tech companies.
The implications of DeepSeek’s success are far-reaching. If cheaper alternatives can deliver comparable results, the current AI development process—built on expensive chips and vast amounts of data—could be upended. This has already sent shockwaves through Wall Street. Nvidia, a key player in the AI chip market, saw its stock drop by more than 12%, while other tech giants like Microsoft, Alphabet, and Amazon also experienced declines. The broader market felt the impact, with the Nasdaq Composite sinking 2.2% as investors grappled with the potential risks to tech’s growth trajectory.
The financial significance of prominent tech players weighed down the entire market. All three major indexes were in the red, with the tech-heavy Nasdaq Composite sinking 2.2%. A slowdown in tech also highlighted how reliant the broader market is on Silicon Valley to continue to deliver growth. Any risk to tech’s upward trajectory can have an outsize impact on Wall Street.
DeepSeek’s rise also underscores the complexities of the global tech race. Despite U.S. export controls on advanced chips designed to curb China’s AI progress, DeepSeek’s engineers managed to innovate using less advanced technology. This not only challenges the effectiveness of such restrictions but also highlights China’s growing ability to compete in the AI arena.
The global battle over tech supremacy has escalated in recent years, evolving into a key theme in foreign policy. Logistic shocks brought on by the Covid pandemic also underscored the importance of domestic supply chains and protecting access to key technology. The US has attempted to maintain its edge in advanced tech by banning the export of certain goods in the interest of national security. Cutting edge GPU semiconductors, the kind used in building out advanced AI tools, are among the the technologies that American firms are restricted from selling to China.
But the early success of DeepSeek, which was purportedly developed for mere millions, indicates its engineers were able to essentially circumvent those restrictions by working with less advanced technology. The export controls were designed to prevent or slow China’s AI progress. But in forcing Chinese technologists to work without the most cutting-edge tools, a foreign competitor managed to develop a far cheaper and perhaps more innovative model.
As Wall Street reevaluates the AI spending boom, DeepSeek’s emergence serves as a reminder that innovation doesn’t always come with a hefty price tag. The question now is whether U.S. tech giants can adapt to this new reality or if they risk being outpaced by more cost-efficient competitors.
Key Points: – Acquires DealerClub for $25 million to revolutionize dealer-to-dealer digital auctions with reputation-based transparency. – Integrates DealerClub’s innovative platform with AccuTrade, creating a seamless retail and wholesale ecosystem for automotive dealers. – Strengthens Cars Commerce’s role in the $10B wholesale market, empowering dealers to optimize inventory and boost profitability.
Cars Commerce, the parent company of Cars.com, is making a bold move into the wholesale automotive market with its acquisition of DealerClub, a reputation-driven digital auction platform. This purchase, finalized for $25 million in cash with the potential for up to $88 million in performance-based payouts, reflects Cars Commerce’s strategic vision to streamline how dealers trade vehicles and optimize inventory management.
DealerClub’s innovative platform has made waves in the industry since its launch in 2024. Unlike traditional wholesale systems, DealerClub focuses on reputation-based transactions, which foster trust between dealers and reduce common challenges like arbitration disputes and title issues. This groundbreaking approach has attracted over 650 dealers to the platform and provides Cars Commerce with a strong foothold in the $10 billion wholesale used car market.
Revolutionizing Wholesale with Technology
The acquisition builds on Cars Commerce’s mission to use technology to simplify the car-buying and selling process. DealerClub’s platform, designed to facilitate seamless dealer-to-dealer transactions, aligns perfectly with this goal.
“This is a critical step for us,” said Alex Vetter, CEO of Cars Commerce. “Dealers need efficient, transparent solutions to manage inventory and boost profitability. DealerClub’s technology adds a new dimension to our platform, making it easier for dealers to trade within a trusted network while keeping more profit in their pockets.”
Cars Commerce plans to integrate DealerClub with its existing tools, such as the AccuTrade appraisal platform, creating a full-service solution that combines retail and wholesale capabilities. This unified ecosystem will allow dealers to handle every aspect of vehicle trading—from appraisal to resale—on a single platform.
What It Means for Dealers
The acquisition introduces several new opportunities for automotive dealers:
Greater Transparency: DealerClub’s reputation-based model brings a level of trust and clarity to the wholesale market that hasn’t been seen before, mirroring Cars Commerce’s success in consumer and dealer reviews.
Efficiency Gains: Dealers can now manage wholesale transactions with minimal risk and streamlined processes, saving time and money.
New Revenue Potential: Cars Commerce’s transactional model, combined with its established subscription business, promises long-term financial benefits for both the company and its dealer partners.
The integration also strengthens Cars Commerce’s position as a technology leader in the automotive space. As the industry moves toward digitization, platforms like DealerClub are becoming essential tools for dealers looking to stay competitive.
What’s Next for Cars Commerce?
While the acquisition is expected to have minimal financial impact in 2025, Cars Commerce sees it as a long-term investment. The company is committed to scaling DealerClub, even if it means short-term costs. Given the proven track record of DealerClub’s founder, Joe Neiman—who previously built ACV Auctions into an industry leader—expectations are high for the platform’s growth and success.
This move highlights Cars Commerce’s broader ambition to be a one-stop shop for all aspects of the car trade, from consumer-facing marketplaces to behind-the-scenes wholesale operations. As dealers continue to navigate challenges like inventory shortages and shifting market demands, Cars Commerce is positioning itself as the partner they can rely on for innovative solutions.
With DealerClub in its portfolio, Cars Commerce is no longer just a leader in the retail automotive space; it’s reshaping the future of wholesale as well.
