The company, which provides a broad spectrum of IT services, said it plans to spend on retaining talent, and accelerate investments in advanced Gen AI platforms and tools to capture market share. Shares of Newtown, Pennsylvania-based company fell 10%. “Compensation increases to retain talent for future growth combined with the limited ability to improve client pricing in the near term, and additional pressure from dilutive impact of recent acquisitions will continue to put pressure on profitability this year,” company executives said on a post-earnings call. Read More
The company, which provides a broad spectrum of IT services, said it plans to spend on retaining talent, and accelerate investments in advanced Gen AI platforms and tools to capture market share. Shares of Newtown, Pennsylvania-based company fell 10%. “Compensation increases to retain talent for future growth combined with the limited ability to improve client pricing in the near term, and additional pressure from dilutive impact of recent acquisitions will continue to put pressure on profitability this year,” company executives said on a post-earnings call.
The company, which provides a broad spectrum of IT services, said it plans to spend on retaining talent, and accelerate investments in advanced Gen AI platforms and tools to capture market share. Shares of Newtown, Pennsylvania-based company fell 10%. “Compensation increases to retain talent for future growth combined with the limited ability to improve client pricing in the near term, and additional pressure from dilutive impact of recent acquisitions will continue to put pressure on profitability this year,” company executives said on a post-earnings call.
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