Amazon buys 120 acres for new distribution center east of Dallas
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Jacobs tops quarterly estimates on strong demand for professional services
(Reuters) -Engineering services firm Jacobs Solutions beat Wall Street estimates for third-quarter profit and revenue on Tuesday, boosted by steady demand in its Infrastructure and Advanced Facilities (I&AF) as well as PA Consulting segments. Sustained demand for its professional services shielded the Dallas, Texas-based company from macroeconomic uncertainty amid an inflationary market and the ongoing global tariff war. "This strong performance was fueled by higher revenue growth rates in both segments as well as disciplined cost control," CFO Venk Nathamuni said. "We saw continued momentum in PA Consulting's business, with revenue increasing 15% year-on-year in the third quarter as a result of both higher public and private sector spending," CEO Bob Pragada said. The larger I&AF segment, which focuses on the engineering, design and delivery of infrastructure projects, posted a 4% rise in revenue from a year ago, driven by demand from life sciences, data center, utilities and transportation end markets. The company also narrowed its annual profit forecast to range between $6.00 and 6.10 per share, compared with its prior view of $5.85 to $6.20 per share. Jacobs reported adjusted profit of $1.62 per share in the third quarter, above analysts' average estimate of $1.55, according to data compiled by LSEG. Revenue for the quarter ended June 27 rose 5% to $3.03 billion, compared with estimates of $2.23 billion. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
18 minutes ago
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Broadcom Supercharges AI Infrastructure With Next-Gen Chip
Broadcom (NASDAQ:AVGO) announced on Monday that it has begun shipping the Jericho4 ethernet fabric router, a purpose-built platform designed for the next generation of distributed AI infrastructure. Broadcom built the Jericho4 networking chip to meet the growing demands of hyperscalers like Microsoft (NASDAQ:MSFT) and (NASDAQ:AMZN) as they scale AI infrastructure. Engineered to connect data centers up to 60 miles apart, Jericho4 accelerates AI workloads by managing massive volumes of network traffic with high-bandwidth memory typically used in GPUs from Nvidia (NASDAQ:NVDA) and Advanced Micro Devices (NASDAQ:AMD).Broadcom designed Jericho4 to interconnect over one million XPUs across multiple data centers, breaking traditional scaling limits with unmatched bandwidth, security, and lossless performance. Together with the Tomahawk 6 and Tomahawk Ultra, Jericho4 completes Broadcom's comprehensive networking portfolio for HPC and AI. As AI models grow in size and complexity, infrastructure demands now exceed single data centers' power and physical limits. To meet these demands, engineers must distribute XPUs across multiple facilities, each equipped with tens to hundreds of megawatts of power. This shift requires a new class of router optimized for secure, lossless, high-bandwidth transport across regional distances. By leveraging deep buffering and intelligent congestion control, Jericho4 ensures lossless RoCE across 100km+ distances, enabling a truly distributed AI infrastructure that is not limited by power or space at any single site. Built on a 3nm process, Jericho4 integrates Broadcom's advanced 200G PAM4 SerDes, offering industry-leading reach. This design eliminates the need for retimers and other additional components, lowering power consumption, reducing costs, and improving system reliability. Broadcom stock gained close to 29% year-to-date, topping the NASDAQ 100 Index by over 10%, backed by the AI frenzy. Broadcom leads the Application-Specific Integrated Circuit (ASIC) market by designing and manufacturing custom silicon chips tailored for high-performance computing, networking, and storage. The company prioritizes speed and efficiency, delivering advanced solutions that power data centers and specialized computing infrastructure. Meta Platforms (NASDAQ:META), Microsoft, and Alphabet (NASDAQ:GOOGL) are driving a $250 billion surge in AI infrastructure through 2025–26, demonstrating their commitment to powering the next industrial revolution. These tech giants are rapidly increasing capital expenditures on data centers, servers, and networking to scale AI development, turning bold ambitions into concrete infrastructure. Price Action: AVGO stock is trading higher by 0.38% to $298.86 premarket at last check Tuesday. Photo by Tada Images via Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? BROADCOM (AVGO): Free Stock Analysis Report This article Broadcom Supercharges AI Infrastructure With Next-Gen Chip originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
20 minutes ago
- Business Wire
Smiths Detection Announces Acquisition of Med Graphix Inc.
EDGEWOOD, Md.--(BUSINESS WIRE)--Smiths Detection today announces its acquisition of New Jersey-based Med Graphix Inc. ('MGI'), enhancing the company's sustainable service offering by extending the lifecycle of critical components through repair, refurbishment, and reuse. MGI has been a long-standing service partner and third-party depot supplier for Smiths Detection. This deal marks a significant milestone in a partnership that has spanned more than two decades. MGI has been a trusted supplier of component-level repair, refurbishment, harvesting, and decommissioning services for Smiths Detection equipment. Their technical expertise and extensive experience have played a vital role in service delivery, inventory optimization, and cost reduction for several key Smiths Detection customers. Integration planning began in March 2025 and will continue through the end of the year to ensure a seamless transition for both customers and employees. Effective 1 August 2025, MGI will be a fully integrated part of the Smiths Detection family. Jerome de Chassey, President of Smiths Detection, said: 'This acquisition reinforces our commitment to service excellence and operational resilience. Bringing MGI in-house allows us to leverage their expertise while strengthening our global service infrastructure. It's a natural evolution of our long-standing partnership.' With this strategic investment, Smiths Detection further enhances its ability to deliver critical services and support to make the world a safer place.
