May-Q Results: Mixed Takeaways — Strong Revenue Growth, but OPM Declined Due to Upfront Investment-20260715
摩根士丹利·2026-07-15 19:11
vs. Forecasts: Revenue +30% YoY, OP +19% YoY, OPM of 32.5% (-3ppt YoY). Revenue exceeded market expectations, supported by continued strong demand for DX and AI projects. However, OP came in below expectations due to upfront investments in hiring, employee training, and office expansion. Earnings Surprise: Demand for DX and AI consulting remained robust, with both project volume and billing rates continuing to grow strongly. However, costs increased as the company maintained its growth investments, weighing ...