Latest news with #cyberSecurity
Yahoo
3 days ago
- Business
- Yahoo
Data & Business Process Services Q1 Earnings: CSG (NASDAQ:CSGS) is the Best in the Biz
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let's take a look at how CSG (NASDAQ:CSGS) and the rest of the data & business process services stocks fared in Q1. A combination of increasing reliance on data and analytics across various industries and the desire for cost efficiency through outsourcing could mean that companies in this space gain. As functions such as payroll, HR, and credit risk assessment rely on more digitization, key players in the data & business process services industry could be increased demand. On the other hand, the sector faces headwinds from growing regulatory scrutiny on data privacy and security, with laws like GDPR and evolving U.S. regulations potentially limiting data collection and monetization strategies. Additionally, rising cyber threats pose risks to firms handling sensitive personal and financial information, creating outsized headline risk when things go wrong in this area. The 11 data & business process services stocks we track reported a satisfactory Q1. As a group, revenues beat analysts' consensus estimates by 1.3% while next quarter's revenue guidance was in line. Thankfully, share prices of the companies have been resilient as they are up 6.8% on average since the latest earnings results. Powering billions of critical customer interactions annually, CSG Systems (NASDAQ:CSGS) provides cloud-based software platforms that help companies manage customer interactions, process payments, and monetize their services. CSG reported revenues of $299.5 million, up 1.5% year on year. This print exceeded analysts' expectations by 1.4%. Overall, it was an exceptional quarter for the company with full-year revenue guidance exceeding analysts' expectations and a solid beat of analysts' EPS estimates. 'Team CSG's strong first quarter results enabled us to raise our 2025 non-GAAP profitability and EPS guidance targets. We grew revenue nicely at customers outside of communication service providers ('CSPs') with a third of our revenue now coming from big, faster growing industry verticals providing a buffer against today's macro-economic uncertainty.' said Brian Shepherd, President and Chief Executive Officer of CSG. CSG achieved the highest full-year guidance raise but had the slowest revenue growth of the whole group. Unsurprisingly, the stock is up 3.9% since reporting and currently trades at $63.73. Is now the time to buy CSG? Access our full analysis of the earnings results here, it's free. Pioneering the concept of "agile aerospace" with hundreds of small but powerful satellites, Planet Labs (NYSE:PL) operates the world's largest fleet of Earth observation satellites, capturing daily images of our planet to provide insights on deforestation, agriculture, and climate change. Planet Labs reported revenues of $66.27 million, up 9.6% year on year, outperforming analysts' expectations by 6.5%. The business had a very strong quarter with an impressive beat of analysts' EPS estimates and full-year revenue guidance slightly topping analysts' expectations. Planet Labs pulled off the biggest analyst estimates beat among its peers. The market seems happy with the results as the stock is up 36.2% since reporting. It currently trades at $5.46. Is now the time to buy Planet Labs? Access our full analysis of the earnings results here, it's free. Processing over $10 trillion in equity and fixed income trades daily and managing proxy voting for over 800 million equity positions, Broadridge Financial Solutions (NYSE:BR) provides technology-driven solutions that power investing, governance, and communications for banks, broker-dealers, asset managers, and public companies. Broadridge reported revenues of $1.81 billion, up 4.9% year on year, falling short of analysts' expectations by 2.5%. It was a slower quarter, leaving some shareholders looking for more. Broadridge delivered the weakest performance against analyst estimates in the group. As expected, the stock is down 1.6% since the results and currently trades at $238.16. Read our full analysis of Broadridge's results here. With a research department that makes over 10,000 property updates daily to its 35-year-old database, CoStar Group (NASDAQ:CSGP) provides comprehensive real estate data, analytics, and online marketplaces for commercial and residential properties in the U.S. and U.K. CoStar reported revenues of $732.2 million, up 11.5% year on year. This number met analysts' expectations. It was a strong quarter as it also produced an impressive beat of analysts' EPS estimates and revenue guidance for next quarter meeting analysts' expectations. CoStar had the weakest full-year guidance update among its peers. The stock is down 2.2% since reporting and currently trades at $80.76. Read our full, actionable report on CoStar here, it's free. Known for its proprietary D-U-N-S Number that serves as a unique identifier for businesses worldwide, Dun & Bradstreet (NYSE:DNB) provides business decisioning data and analytics that help companies evaluate credit risks, verify suppliers, enhance sales productivity, and gain market visibility. Dun & Bradstreet reported revenues of $579.8 million, up 2.7% year on year. This result was in line with analysts' expectations. Overall, it was a strong quarter as it also recorded a decent beat of analysts' EPS estimates. The stock is up 1.2% since reporting and currently trades at $9.07. Read our full, actionable report on Dun & Bradstreet here, it's free. Thanks to the Fed's series of rate hikes in 2022 and 2023, inflation has cooled significantly from its post-pandemic highs, drawing closer to the 2% goal. This disinflation has occurred without severely impacting economic growth, suggesting the success of a soft landing. The stock market thrived in 2024, spurred by recent rate cuts (0.5% in September and 0.25% in November), and a notable surge followed Donald Trump's presidential election win in November, propelling indices to historic highs. Nonetheless, the outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. The path forward holds both optimism and caution as new policies take shape. Want to invest in winners with rock-solid fundamentals? Check out our Top 5 Quality Compounder Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.
Yahoo
3 days ago
- Business
- Yahoo
‘Unsafe and risky': Singapore orders end to IC number use as authentication in private sector
SINGAPORE, June 26 – Singapore's Ministry of Digital Development and Information (MDDI) has reportedly urged private sector entities to stop using National Registration Identity Card (NRIC) numbers as authentication tools or passwords due to security risks. In a formal advisory issued today, the Personal Data Protection Commission (PDPC) and the Cyber Security Agency (CSA) advised organisations to cease using NRIC numbers to verify an individual's identity when granting access to personal services or information. 'While organisations may use NRIC numbers to identify who a person is over the phone or when using digital services, NRIC numbers should not be used to prove that a person is who he claims to be ... for the purposes of trying to gain access to services or information meant only for that person,' MDDI said as quoted by CNA. The ministry highlighted that some organisations still require individuals to use NRIC numbers, sometimes as passwords, to access personal documents such as insurance files. 'It is unsafe for organisations to use NRIC numbers in this manner because a person's NRIC number may be known to others, permitting anyone who knows his NRIC number to impersonate him and easily access his personal data or record,' the ministry said. MDDI called on organisations to stop using full or partial NRIC numbers for authentication, including setting them as default passwords or combining them with other easily obtainable data like birth dates. 'If it is necessary to authenticate a person, organisations should consider alternative methods, for example requiring the person to use strong passwords, security token or fingerprint identification,' it added. The government is working with key sectors such as finance, healthcare, and telecommunications to develop tailored guidelines on identity authentication practices. This comes as Singapore's Minister for Digital Development and Information Josephine Teo said in January that firms using NRIC numbers as authentication or default passwords must end the practice swiftly. The policy shift came after public backlash in December 2024 over a new Bizfile portal launched by the Accounting and Corporate Regulatory Authority (ACRA), which had exposed names and full NRIC numbers through its search function.
Malay Mail
3 days ago
- Business
- Malay Mail
‘Unsafe and risky': Singapore orders end to IC number use as authentication in private sector
SINGAPORE, June 26 – Singapore's Ministry of Digital Development and Information (MDDI) has reportedly urged private sector entities to stop using National Registration Identity Card (NRIC) numbers as authentication tools or passwords due to security risks. In a formal advisory issued today, the Personal Data Protection Commission (PDPC) and the Cyber Security Agency (CSA) advised organisations to cease using NRIC numbers to verify an individual's identity when granting access to personal services or information. 'While organisations may use NRIC numbers to identify who a person is over the phone or when using digital services, NRIC numbers should not be used to prove that a person is who he claims to be ... for the purposes of trying to gain access to services or information meant only for that person,' MDDI said as quoted by CNA. The ministry highlighted that some organisations still require individuals to use NRIC numbers, sometimes as passwords, to access personal documents such as insurance files. 'It is unsafe for organisations to use NRIC numbers in this manner because a person's NRIC number may be known to others, permitting anyone who knows his NRIC number to impersonate him and easily access his personal data or record,' the ministry said. MDDI called on organisations to stop using full or partial NRIC numbers for authentication, including setting them as default passwords or combining them with other easily obtainable data like birth dates. 'If it is necessary to authenticate a person, organisations should consider alternative methods, for example requiring the person to use strong passwords, security token or fingerprint identification,' it added. The government is working with key sectors such as finance, healthcare, and telecommunications to develop tailored guidelines on identity authentication practices. This comes as Singapore's Minister for Digital Development and Information Josephine Teo said in January that firms using NRIC numbers as authentication or default passwords must end the practice swiftly. The policy shift came after public backlash in December 2024 over a new Bizfile portal launched by the Accounting and Corporate Regulatory Authority (ACRA), which had exposed names and full NRIC numbers through its search function.
Daily Mail
5 days ago
- Business
- Daily Mail
Keir Starmer heads for crucial Nato summit TODAY vowing to hit new target for spending 3.5% of GDP on defence... but ministers refuse to say where the extra £30BILLION is coming from
Keir Starmer is heading for a crucial Nato summit today vowing to hit a new target for defence budgets. The PM will join fellow leaders from the military alliance in The Hague after signing up to the goal of spending 3.5 per cent of GDP on defence. Another 1.5 per cent will be committed to related measures such as cyber security, under the package demanded by Donald Trump. However, ministers have refused to say where the UK will find the extra money - around £30billion on top of existing plans - with Rachel Reeves already scrambling to balance the books. There are also claims that the figures are being fiddled and countries are watering down the pledges. A draft communique appears to have pushed back the timetable for hitting the level from 2032 to 2035. The language has also reportedly been watered down from 'we commit' to 'allies commit', with Spain flatly dismissing the idea of meeting the goal. Mr Trump himself has said America is not bound by it. 'We've been supporting NATO so long… So I don't think we should, but I think that the NATO countries should, absolutely,' he said on Friday. By contrast, Germany has said it will accelerate its spending to hit the core defence target by 2029 – six years early – amid growing global instability and the prospect of a war in the Middle East. That involves Berlin finding upwards of $60billion a year more for the military. The summit comes after Sir Keir's meeting yesterday with Volodymyr Zelensky at No10. The Ukrainian president will also be at the summit. The increase to 3.5 per cent in Italy would be equivalent to around $46billion a year, Canada $45billion, France £44billion and the UK roughly $40billion. Spain allocated just 1.24 per cent of GDP on defence in 2024. That could have left it facing funding a $36billion boost despite having a relatively small economy. But left-wing PM Pedro Sanchez said on Sunday that it was only looking to hit 2.1 per cent of GDP. 'We fully respect the legitimate desire of other countries to increase their defence investment, but we are not going to do so,' he said in a TV address. The cash cost of the goal for each country have been estimated by comparing the Nato figures for spending levels in 2024 to World Bank figures for the size of GDP. The current target is 2 per cent, which has not been met by all states. Only Poland currently tops the 3.5 per cent level. The US itself spent 3.38 per cent on defence in 2024, although the sheer size of its economy meant that dwarfed contributions from the rest of the alliance. Britain allocated 2.33 per cent of GDP to defence last year, and Keir Starmer has committed to reaching 2.5 per cent by April 2027. There is an 'ambition' of increasing that to 3 per cent at some stage in the next parliament - likely to run to 2034. Nato members effectively decide themselves whether they're hitting the 1.5 per cent element of the target, and there are fears Labour will try to include items not strictly related to defence. Downing Street sources said, for example, that it could include spending on beefing up energy security amid the switch to NetZero and fighting migrant-smuggling gangs. Former defence secretary Sir Ben Wallace posted on X: 'Tomorrow at the Nato summit we will witness the UK Government trying to con the US and Nato with spin on defence spending. 'By folding in other departments' spending and with no real defence £ increases, the PM will claim 5 per cent. 'The threat to our country is real not spin. This Government thinks it can use smoke and mirrors to deceive the public and Donald Trump. 'This is an insult to our troops who will see no significant new money. It fools no one.'
Yahoo
18-06-2025
- Business
- Yahoo
Arqit Joins Oracle Defense Ecosystem
LONDON, June 17, 2025 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (Nasdaq: ARQQ) ('Arqit' or the 'Company'), a global leader in quantum-safe encryption, today announced it has been selected as a member of the newly established Oracle Defense Ecosystem, a first-of-its-kind global initiative to redefine the delivery of defense and government technology innovation, at the Oracle Defense Tech Summit. Taking place in Austin, Texas, on Tuesday 17 June, the event brings together members of the global defense community, as well as Oracle experts and partners to explore how innovative and emerging technologies can drive modernisation and address critical challenges in a dynamic and uncertain global security landscape. Arqit's inclusion in the inaugural cohort of the Oracle Defense Ecosystem recognises its pioneering role in securing mission-critical infrastructure against advanced cyber threats, including those posed by quantum computing. Arqit's Senior Director for Government and Defense, Sean Carnew, presented as part of the launch of this initiative, outlining the crucial role Arqit is playing in protecting government and critical infrastructure data in a post-quantum world. The Oracle Defense Ecosystem provides a commercial foundation for joint innovation and includes access to: Oracle Sales Support: Members can work with Oracle's sales team, which serves hundreds of thousands of customers worldwide, to develop global defense market messaging and solutions that best meet the unique needs of each customer and leverage solutions from within the ecosystem to deliver unmatched technology innovation to defense organizations. Oracle Cloud Marketplace: Members can make their solutions available to customers in every OCI region globally. Oracle Cloud Marketplace offers a continuous integration/continuous deployment (CI/CD) pipeline for delivering updates and new features directly to customers, wherever they are. Secure Cloud Computing Architecture (SCCA) Compliance: Members can reduce the time and cost of building SCCA-compliant deployments, standardize their security approach across entire system portfolios, and simplify workload deployment by leveraging the Oracle Cloud Native SCCA Landing Zone framework and documentation, while tapping into Oracle's expertise in these areas. Arqit's participation positions it to expand the deployment of its SKA-Platform™ (Symmetric Key Agreement Platform), a quantum-safe technology used to protect data in motion, in process and at rest, into new territories and alliances within Oracle's Defense Ecosystem. 'Joining the Oracle Defense Ecosystem puts Arqit at the heart of a global push to modernise and secure defense capabilities,' . 'Oracle's scale and ambition align with our mission to deliver quantum-safe security where data integrity is critical to battlespace effectiveness and mission success.' Notes to Editors About Oracle Defense Ecosystem The Oracle Defense Ecosystem provides a commercial foundation for joint innovation: Oracle Sales Support: Members can work with Oracle's sales team, which serves hundreds of thousands of customers worldwide, to develop global defense market messaging and solutions that best meet the unique needs of each customer and leverage solutions from within the ecosystem to deliver unmatched technology innovation to defense organizations. Palantir for Builders: Members can leverage Palantir Foundry and Artificial Intelligence Platform (AIP) on OCI. Palantir's end-to-end software platform helps early-stage companies with internal operations, product development, LLM integration, security, and governance. Oracle Cloud Marketplace: Members can make their solutions available to customers in every OCI region globally. Oracle Cloud Marketplace offers a continuous integration/continuous deployment (CI/CD) pipeline for delivering updates and new features directly to customers, wherever they are. Defense Acquisition Guidance: Members can work with Oracle's dedicated executive advisors to gain the defense, technology, and procurement expertise they need to accelerate growth. Cybersecurity Maturity Model Certification (CMMC) Acceleration: Members can significantly speed up CMMC compliance, helping save months of manual work mapping controls and setting up compliance-ready cloud architecture, by leveraging the OCI Core Landing Zone. Secure Cloud Computing Architecture (SCCA) Compliance: Members can reduce the time and cost of building SCCA-compliant deployments, standardize their security approach across entire system portfolios, and simplify workload deployment by leveraging the Oracle Cloud Native SCCA Landing Zone framework and documentation, while tapping into Oracle's expertise in these areas. Oracle NetSuite: Members will have access to preferred pricing for NetSuite's AI-powered business management suite, which is trusted by more than 42,000 organizations to streamline business processes and provide a scalable foundation for growth. Facilities: Members will receive access to Oracle office space used to support defense customers. Training and Certification: Members can benefit from Oracle University training and certification credits for OCI, applications, and database. About Arqit Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) supplies a unique encryption software service which makes the communications links of any networked device, cloud machine or data at rest secure against both current and future forms of attack on encryption – even from a quantum computer. Compatible with NSA CSfC Components and meeting the demands of NSA CSfC Symmetric Key Management Requirements Annexe 1.2. and RFC 8784, Arqit's Symmetric Key Agreement Platform uses a lightweight software agent that allows end point devices to create encryption keys locally in partnership with any number of other devices. The keys are computationally secure and facilitate Zero Trust Network Access. It can create limitless volumes of keys with any group size and refresh rate and can regulate the secure entrance and exit of a device in a group. The agent is lightweight and will thus run on the smallest of end point devices. The product sits within a growing portfolio of granted patents. It also works in a standards compliant manner which does not oblige customers to make a disruptive rip and replace of their technology. In September 2024, Arqit was named as an IDC Innovator for Post-Quantum Cryptography, 2024. Arqit is winner of two GSMA Global Mobile Awards, The Best Mobile Security Solution and The CTO Choice Award for Outstanding Mobile Technology, at Mobile World Congress 2024, recognised for groundbreaking innovation at the 2023 Institution of Engineering and Technology Awards and winner of the National Cyber Awards' Cyber Defense Product of the Year 2024 and Innovation in Cyber Award 2022, as well as the Cyber Security Awards' Cyber Security Software Company of the Year Award 2022. Arqit is ISO 27001 Standard certified. Media relations enquiries: Arqit: pr@ Investor relations enquiries: Arqit: investorrelations@ Trademarks Oracle, Java, MySQL, and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing. Caution About Forward-Looking Statements This communication includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, may be forward-looking statements. These forward-looking statements are based on Arqit's expectations and beliefs concerning future events and involve risks and uncertainties that may cause actual results to differ materially from current expectations. These factors are difficult to predict accurately and may be beyond Arqit's control. Forward-looking statements in this communication or elsewhere speak only as of the date made. New uncertainties and risks arise from time to time, and it is impossible for Arqit to predict these events or how they may affect it. Except as required by law, Arqit does not have any duty to, and does not intend to, update or revise the forward-looking statements in this communication or elsewhere after the date this communication is issued. In light of these risks and uncertainties, investors should keep in mind that results, events or developments discussed in any forward-looking statement made in this communication may not occur. Uncertainties and risk factors that could affect Arqit's future performance and cause results to differ from the forward-looking statements in this release include, but are not limited to: (i) the outcome of any legal proceedings that may be instituted against Arqit, (ii) the ability to maintain the listing of Arqit's securities on a national securities exchange, (iii) changes in the competitive and regulated industries in which Arqit operates, variations in operating performance across competitors and changes in laws and regulations affecting Arqit's business, (iv) the ability to implement business plans, forecasts, and other expectations, and identify and realise additional opportunities, (v) the potential inability of Arqit to successfully deliver its operational technology, (vi) the risk of interruption or failure of Arqit's information technology and communications system, (vii) the enforceability of Arqit's intellectual property, (viii) market and other conditions, and (ix) other risks and uncertainties set forth in the sections entitled 'Risk Factors' and 'Cautionary Note Regarding Forward-Looking Statements' in Arqit's annual report on Form 20-F (the 'Form 20-F'), filed with the U.S. Securities and Exchange Commission (the 'SEC') on 5 December 2024 and in subsequent filings with the SEC. While the list of factors discussed above and in the Form 20-F and other SEC filings are considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realisation of forward-looking in to access your portfolio
