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 PRESS RELEASE

Team, Inc. Announces Executive Promotion to Lead and Accelerate Transf...

Team, Inc. Announces Executive Promotion to Lead and Accelerate Transformation Effort SUGAR LAND, Texas, July 24, 2025 (GLOBE NEWSWIRE) -- Team, Inc. (NYSE: TISI) (“TEAM” or the “Company”), a global, leading provider of specialty industrial services offering clients access to a full suite of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services, today announced the promotion of Daniel Dolson to Executive Vice President, Chief Strategy and Transformation Officer to lead the Company’s transformation efforts to achieve certain financial and operational...

Chris Hoare
  • Chris Hoare

Japanese Telcos Q4 FY24 review: Inflationary telco market

Japan’s mobile sector accelerated again in Q4 and we think is heading to above inflation. With both KDDI and DCM recently announcing price increases the environment is increasingly benign and should be helped by NTT’s recent acquisition of SBI Sumishin Net Bank. Our recent trip to Japan highlighted how positive the environment is; NTT stays our preferred pick, with KDDI closely behind.

Pelham Smithers
  • Pelham Smithers

PSA Technology: Japanese AI Stocks Revisited

At first glance, it feels like the Japanese stock market has reacted unusually slowly to the surge in AI infrastructure stocks in the US. Pelham Smithers flags winners on this theme.

Lindsay Whipp
  • Lindsay Whipp

PSA IT Services: Share Price Appreciation, Confident FY25 Forecasts an...

Lindsay Whipp reviews the recent earnings performance of the IT Sector and assesses their outlook for FY25. Orders are strong, backlogs are growing and there are some attractive valuations – particularly for IIJ.

Chris Hoare
  • Chris Hoare

NTT (Buy, TP: ¥215, +38%) NTT to acquire SBI Sumishin Bank and a mino...

As has been widely rumoured, NTT has offered to acquire up to 66% of SBI Sumishin Bank (7163-JP), in a bid to strengthen its financial services offering. The offer price (¥3,615) represents a 10% premium to yesterday’s price, but actually around 10% below today’s closing price.

 PRESS RELEASE

Team, Inc. Reports First Quarter 2025 Results

Team, Inc. Reports First Quarter 2025 Results SUGAR LAND, Texas, May 12, 2025 (GLOBE NEWSWIRE) -- Team, Inc. (NYSE: TISI) (“TEAM” or the “Company”), a global, leading provider of specialty industrial services offering customers access to a full suite of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services, today reported its financial results for the quarter ended March 31, 2025. First Quarter 2025 Highlights: Generated first quarter 2025 revenue of $198.7 million and a gross margin of 23.8%.Reported a net loss of $29.7 million, inclusive of a $1...

Chris Hoare
  • Chris Hoare

NTT (Buy, TP: ¥215, +38%) Q4 FY24 Quick Take: Topline ahead but profi...

NTT reported results today, following yesterday’s announcement to buy out the minorities of NTT Data. Revenue was better than anticipated with Global Solutions performing well and there were signs of improving mobile trends.

 PRESS RELEASE

Team, Inc. Announces Timing of First Quarter Earnings Release and Conf...

Team, Inc. Announces Timing of First Quarter Earnings Release and Conference Call SUGAR LAND, Texas, May 08, 2025 (GLOBE NEWSWIRE) -- Team, Inc. (NYSE: TISI) (“TEAM” or the “Company”), a global leading provider of specialty industrial services offering customers access to a full suite of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services, today announced that it will issue its first quarter 2025 earnings release on Monday, May 12, 2025 after the close of trading on the New York Stock Exchange. TEAM will host a conference call to discuss its finan...

Chris Hoare
  • Chris Hoare

NTT (Buy, TP: ¥215, +44%) NTT offers to buy out NTT Data – Quick thou...

As rumoured, NTT has offered to buy out the minorities (~42.3%) of NTT Data via a tender offer, at a 34% premium, or ¥4,000 per share. This is a slightly lower premium than we would have expected and implies a transaction value for the minority stake of ¥2.4tn (USD 16.5bn). Quick thoughts below.

Lindsay Whipp
  • Lindsay Whipp

PSA IT Services: Sector Strategy

Tariffs and the threat of a global economic downturn make the case for owning IT service companies even stronger, argues analyst Lindsay Whipp in this report, with productivity enhancement tools potentially to be in even greater demand.

 PRESS RELEASE

Team, Inc. Reports Fourth Quarter and Full Year 2024 Results

Team, Inc. Reports Fourth Quarter and Full Year 2024 Results SUGAR LAND, Texas, March 19, 2025 (GLOBE NEWSWIRE) -- Team, Inc. (NYSE: TISI) (“TEAM” or the “Company”), a global leading provider of specialty industrial services offering customers access to a full suite of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services, today reported its financial results for the fourth quarter and full year ended December 31, 2024. Fourth Quarter 2024 Highlights: Generated fourth quarter 2024 revenues of $213.3 million.Grew gross margin to $57.3 milli...

 PRESS RELEASE

Team, Inc. Announces Timing of Fourth Quarter and Full Year Earnings R...

Team, Inc. Announces Timing of Fourth Quarter and Full Year Earnings Release and Conference Call SUGAR LAND, Texas, March 17, 2025 (GLOBE NEWSWIRE) -- Team, Inc. (NYSE: TISI) (“TEAM” or the “Company”), a global leading provider of specialty industrial services offering customers access to a full suite of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services, today announced that it will issue its fourth quarter and full year 2024 earnings release on Wednesday, March 19, 2025 after the close of trading on the New York Stock Exchange. TEAM will host a...

 PRESS RELEASE

Team, Inc. Announces Refinancing Transaction

Team, Inc. Announces Refinancing Transaction Lowers Cost of Capital and Terms Out Maturities SUGAR LAND, Texas, March 13, 2025 (GLOBE NEWSWIRE) -- Team, Inc. (NYSE: TISI) (“TEAM” or the “Company”), a global, leading provider of specialty industrial services offering clients access to a full suite of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services, today announced that it has successfully closed on a refinancing transaction (the “Transaction”) that lowers the Company’s cost of capital and terms out its capital structure. The Transaction co...

Lindsay Whipp
  • Lindsay Whipp

PSA Enterprise Software / IT Services: TIS (3626 JT) – Looking for a G...

Coming in ahead of consensus for FY24 and supported by a strong order backlog, analyst Lindsay Whipp anticipates earnings growth to recover in FY25.

Chris Hoare
  • Chris Hoare

NTT (Buy, ¥240, +63%) Q3 FY24 Quick Take: Early signs of progress in ...

NTT closed 2% lower today as EBIT missed materially on higher-than-expected costs in Docomo’s mobile and enterprise arm.

Lindsay Whipp
  • Lindsay Whipp

PSA Information Technology / IT Services: NTT Data (9613 JT) – The Dat...

Tags: NTT Corp (9432 JT), Equinix (EQIX US), Iron Mountain (IRM US), Amazon (AMZN US), Microsoft (MSFT US), Google (GOOG US), Digital Realty Trust (DLR US), QTS (owned by Blackstone (BX US)), CyrusOne (owned by KKR (KKR US) and Global Infrastructure Partners (pvt), Cyxtera (owned by Brookfield Infrastructure Partners (BIP US)), Cologix (pvt), Meta (META US), Apple (AAPL US), Oracle (ORCL US), Netflix (NFLX US), Money Forward (3994 JT), Digital Realty Trust (DLR US), DataBridge Group (DBRG US), N...

Chris Hoare
  • Chris Hoare

Japanese Telcos & Internet What to expect in 2025: Mixed

After 3 good years, 2024 was not great for the Japanese incumbents; with KDDI and SoftBank rising modestly and NTT falling, but all underperforming the Nikkei. In our view, risk is rising in Mobile, although we continue to see the sector as fundamentally undervalued. Rakuten performed well in 2024, but this was really to do with balance sheet risk easing on the back of cost cutting/refinancing rather than better traction in Mobile.

Chris Hoare
  • Chris Hoare

Japanese Telcos Q2 FY24 review: Stable growth with better profitabili...

Service revenue slowed for the incumbents but stayed in the low-single digit band, with Softbank still ahead followed by NTT. Mobile divergence continues to play out with SB leading the pack and is likely to remain so in our view. Industry EBITDA improved as NTT inflected to growth and led to a strong EBIT beat this quarter.

 PRESS RELEASE

Team, Inc. Reports Third Quarter 2024 Results

Team, Inc. Reports Third Quarter 2024 Results SUGAR LAND, Texas, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Team, Inc. (NYSE: TISI) (“TEAM” or the “Company”), a global, leading provider of specialty industrial services offering clients access to a full suite of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services, today reported its financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights: Generated revenue of $210.8 million, up 2% over third quarter 2023.Maintained gross margin of 25.4%.Improved operating in...

Lindsay Whipp
  • Lindsay Whipp

PSA ERP Software / IT Services: NTT Data (9613 JT) FY24 Q2 Results

Analyst Lindsay Whipp takes us through the blowout quarter from NTT Data and reviews the outlook for the full year.

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