$SCSC (ScanSource, Inc.)

$SCSC {{ '2016-08-29T21:51:42+0000' | timeago}} • Webcast

$SCSC said 4Q16 adjusted operating income of $18.9MM was 2.1% of net sales. Adjusted operating margins for the Worldwide Barcode and Security segment decreased 71BP. Adjusted operating margins for the Worldwide Communications & Services segment decreased 200BP due to lower gross margins. Effective tax rate was 30.5%.

$AMAT {{ '2017-07-24T15:52:06+0000' | timeago}} • Announcement

$AMAT, a provider of materials engineering solutions, has appointed Dan Durn as SVP, effective August 7, 2017. Durn, a semiconductor industry veteran, will assume the role of CFO also, effective August 24. Most recently, Durn served NXP Semiconductors as CFO. Earlier, he held leadership positions in Freescale Semiconductor and Globalfoundries.

$ITW {{ '2017-07-24T15:18:54+0000' | timeago}} • Infographic

$ITW Illinois Tool Works Inc. Earnings AlphaGraphics: Q2 2017 highlights

$ITW {{ '2017-07-24T14:41:42+0000' | timeago}} • Webcast

$ITW faced some headwinds from price and costs in 2Q17, primarily the price of steel. The company has made the necessary price adjustments for 2017. $ITW anticipates the pressure on price-costs to moderate in 2H17 and margins to improve going forward on the construction side.

$ITW {{ '2017-07-24T14:21:06+0000' | timeago}} • Webcast

During 2Q17, $ITW’s organic revenue grew 2.6%. Organic growth was positive in all major geographies with North America up 1.4% and international up 4.2%, driven primarily by Europe which was up 3.4% and China which was up 13.3%. Six of the company’s seven segments had positive organic growth.

$ITW {{ '2017-07-24T13:38:59+0000' | timeago}} • Announcement

$ITW raised its FY17 EPS guidance by $0.12 at the mid-point. Illinois Tool Works now expects earnings to be in the range of $6.32-6.52 per share, with organic revenue growth of 2-4%. For 3Q17, the company expects earnings to be in the range of $1.57 to $1.67 per share with organic growth of 1 to 3%.

$ITW {{ '2017-07-24T13:36:23+0000' | timeago}} • Announcement

$ITW's 2Q17 earnings were up 16% to $1.69 per share, with revenue growing 4.9% to $3.6Bil. Operating income of $874MM was up 10% and was the highest quarterly income total in the company’s history. Net income was $587MM, up from $525MM a year ago.

$CSCO {{ '2017-07-24T13:25:09+0000' | timeago}} • Announcement

$CSCO is partnering with the TIM Group to renew TIM's Optical Packet Metro (OPM) network. TIM's new OPM network will integrate $CSCO’s ASR 9000 technology, which will help TIM to effectively digitize its fixed and mobile line services. The investment is part of TIM's 3-year plan for 2017-2019, and involves an investment of about EUR5Bil.

$MAN {{ '2017-07-24T12:59:42+0000' | timeago}} • Announcement

$MAN anticipates 3Q17 diluted EPS to be in the range of $1.90-1.98, which includes an estimated favorable currency impact of 2 cents.

$MAN {{ '2017-07-24T12:58:18+0000' | timeago}} • Announcement

Management consulting firm $MAN reported 2Q17 revenue of $5.2Bil, up 3% as labor markets continued to improve in Europe and across the globe. Net earnings were $117MM, or $1.72 per share, compared to $115.4MM, or $1.60 per share in the prior-year period.

$IBM {{ '2017-07-21T17:53:42+0000' | timeago}} • Announcement

$IBM and University of Alberta published new data in Nature's partner journal Schizophrenia, exhibiting that machine learning algorithms helped predict schizophrenia with 74% accuracy. The technology predicted the severity of some symptoms in schizophrenia patients with significant correlation.

$INTU {{ '2017-07-20T20:50:50+0000' | timeago}} • Announcement

$INTU appointed Deborah Liu to its BoD. Liu, currently leads $FB's developer and commerce businesses and has spent the last 15 years in product management. Liu is a seed investor and advisor to many start-ups. She co-founded and is the Board Chair of Women in Product.

$IM {{ '2017-07-20T20:41:02+0000' | timeago}} • Announcement

In a bid to boost its cloud platform, $IM has appointed Richard Dufty as SVP of the company’s Global Cloud Platform Group. Tim FitzGerald joins as VP of Cloud Channel Sales, North America, Ingram Micro Cloud. Jason Bystrak, previously head of North America Cloud Channel Sales, is the new executive director, Partner Enablement, Ingram Micro Cloud.

$SNX {{ '2017-07-20T14:11:59+0000' | timeago}} • Announcement

Concentrix Corp., a subsidiary of $SNX, agreed to buy Tigerspike. Alex Burke, CEO of Tigerspike, will stay as the leader of Tigerspike and join Concentrix' senior executive staff, reporting to Chris Caldwell, President of Concentrix. It is anticipated that the transaction will close in 3Q17.

$IBM {{ '2017-07-19T19:00:41+0000' | timeago}} • Webcast

$IBM expects improved revenue and gross margin performance in 2H17, pushed by its new IBM z systems mainframe servers launch in 2Q17. However, the company expects most of the growth to happen in 4Q17.

$IBM {{ '2017-07-18T23:42:39+0000' | timeago}} • Announcement

$IBM maintained its FY17 EPS and cash flow expectations. The company continues to expect adjusted diluted EPS of at least $13.80 and GAAP diluted EPS of at least $11.95. Free cash flow is expected to be relatively flat year-to-year.

$IBM {{ '2017-07-18T23:35:37+0000' | timeago}} • Announcement

Big Blue $IBM reported 21st consecutive quarter of revenue decline, with 2Q17 earnings declining 7%. The decline was driven by all segments reporting a decline in revenue YoY. Net income was $2.3Bil or $2.48 per share in 2Q17, down from $2.5Bil or $2.61 per share a year ago. Revenue declined 4.7% to $19.3Bil.

$IBM {{ '2017-07-18T21:07:52+0000' | timeago}} • Infographic

$IBM International Business Machines Earnings AlphaGraphic: Q2 2017 Highlights

$MSM {{ '2017-07-13T12:03:45+0000' | timeago}} • Webcast

$MSM expects 4Q17 gross margins to be 43.8%, plus or minus 20 basis points and sees a typical sequential decline in margins for 4Q17. The company expects midpoint operating expenses to be about $230MM and effective tax rate of 37.3%. Operating margin is now expected to be around 12.6% at the midpoint of forecast.

$MSM {{ '2017-07-13T11:58:52+0000' | timeago}} • Webcast

$MSM's capital expenditures were $12.4MM in 3Q17 and now expects its FY17 capital expenditures to be around $55-60MM. $MSM's operating cash flow conversion ratio and that’s net cash from operating activities divided by net income was around 99% in 3Q17 and it expects to end the fiscal year at roughly the same level.

$MSM {{ '2017-07-13T11:56:07+0000' | timeago}} • Webcast

$MSM added about 5,000 net SKUs in 3Q17 and total active salable SKU count is over 1.5MM. $MSM ended the quarter at 2,309 field sales and service associates. The company expects a slight decline over the following few months. And $MSM expects this trend to continue as its sales effectiveness programs gain traction.

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