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Sykes Enterprises, Incorporated Reports Second Quarter 2021 Financial Results

Published

3 years ago

August 9, 2021

TAMPA, Fla., Aug. 09, 2021 (GLOBE NEWSWIRE) — Acquisition Update: On June 18, 2021, Sykes Enterprises, Incorporated (“SYKES” or the “Company”) (NASDAQ: SYKE), a leading full life cycle provider of global customer experience management services, multichannel demand generation and digital transformation, and Sitel Group®, a leading global provider of customer experience (“CX”) products and solutions, announced they have entered into a definitive merger agreement (the “Merger Agreement”) in which Sitel Group®, through a wholly owned subsidiary, will acquire all of SYKES’ outstanding shares of common stock at a purchase price of $54 per share in a transaction valued at approximately $2.2 billion on a fully diluted basis. Subsequent to the announcement, SYKES filed a Definitive Proxy statement with the Securities and Exchange Commission announcing the date of the Special Meeting of shareholders to vote on the transaction. This meeting is scheduled for August 24, 2021 at 8 AM ET at the Rivergate Tower, 400 N. Ashley Drive, Suite 320, 3rd Floor, Conference Room A, Tampa, FL 33602. Sitel Group® expects to obtain all required regulatory approvals and to close the transaction shortly after the shareholder meeting.

Sykes Enterprises, Incorporated announced today its financial results for the second-quarter ended June 30, 2021.

Second Quarter 2021 Financial Highlights

Second quarter 2021 revenues of $448.9 million increased $32.1 million, or 7.7%, from $416.8 million in the comparable quarter last year, driven by demand from existing and new program expansions as well as new client wins. In addition, growth in the quarter also reflects the revenue contribution of the acquisition of the Taylor Media Corp., owner of The Penny Hoarder, (“TMC”/“TPH”), which closed at year-end 2020
Second quarter 2021 comparable revenue growth of 7.7% spanned the healthcare, financial services, technology, and other verticals, more than offsetting the lower demand in the transportation & leisure as well as communications verticals
Non-GAAP second quarter 2021 organic constant currency revenues (see section titled “Non-GAAP Financial Measures” for an explanation and see Exhibit 11 for reconciliation) increased 0.3% comparably driven largely by the aforementioned factors
Second quarter 2021 operating income increased 9.2% to $29.7 million on a comparable basis with operating margin remaining virtually unchanged at 6.6% versus 6.5% for the comparable period last year. On a non-GAAP basis (see Exhibit 6 for reconciliation), which excludes the impact of the impairment of right-of-use (“ROU”) assets and other fixed assets related to COVID-19 driven facility exits, acquisition-related intangibles amortization, merger & integration costs, and other costs related to facility exits, second quarter 2021 operating margin was virtually unchanged as well at 8.4% versus 8.5% in the same period last year
Second quarter 2021 diluted earnings per share were $0.58 versus $0.55 in the same period last year, with the comparable increase driven by a combination of factors, including contribution from TMC/TPH acquisition, lower effective tax rate and a lower share count, some of which was mitigated by a negative swing in other expenses arising from an increase in losses at XSell Technologies, Inc., which is accelerating its growth investments in its business, coupled with a decrease in mark-to-market adjustment of stock‐based deferred compensation programs funded through Rabbi Trust investments
On a non-GAAP basis, second quarter 2021 diluted earnings per share were $0.73 versus $0.71 on a comparable basis (see Exhibit 6 for reconciliation), with the increase due largely to aforementioned factors
Consolidated capacity utilization rate remained unchanged on a comparable basis at 73% in the second quarter of 2021. Including permanent home agents in the comparable utilization calculation, however, the capacity utilization would have increased further comparably

Americas Region

Revenues from the Company’s Americas region, including operations in North America and offshore (Latin America, South Asia and the Asia Pacific region), increased 5.1% to $356.4 million, or 79.4% of total revenues, for the second quarter of 2021 compared to $339.3 million, or 81.4% of total revenues, in the same prior year period. On an organic constant currency basis (a non-GAAP measure, see Exhibit 11 for reconciliation), the Americas revenues decreased 1.4% comparably, driven by reductions in transportation & leisure (demand spike same quarter last year related to travel cancellations) and financial services (Paycheck Protection Program implementation boosts demand in the second quarter of last year) verticals due to COVID-19 coupled with a decline in the communications vertical.

The Americas income from operations for the second quarter of 2021 increased 16.8% to $47.3 million, with an operating margin of 13.3% versus 11.9% in the comparable quarter last year. On a non-GAAP basis, the Americas operating margin was 13.5% versus 14.0% in the comparable quarter last year, with the decrease due largely to client ramp costs (see Exhibit 7 for reconciliation).

EMEA Region

Revenues from the Company’s Europe, Middle East and Africa (EMEA) region increased 19.2% to $92.5 million, representing 20.6% of total revenues, for the second quarter of 2021, compared to $77.6 million, or 18.6% of total revenues, in the same prior year period. On a constant currency basis (a non-GAAP measure, see Exhibit 11 for reconciliation), EMEA revenues increased 7.8% on a comparable basis driven primarily by growth in the financial services, transportation & leisure, communications, healthcare and other verticals, more than offsetting a reduction in demand from the technology vertical.

The EMEA region’s income from operations for the second quarter of 2021 increased 12.6% to $4.6 million, with an operating margin of 5.0% versus 5.3% in the comparable quarter last year. On a non-GAAP basis, the operating margin remained virtually unchanged at 6.7% versus 6.6% in the year-ago period (see Exhibit 7 for reconciliation).

Other

Other loss from operations, which includes primarily corporate as well as some other costs, increased to $22.1 million, or 4.9% of revenues in the second quarter of 2021, compared to $17.3 million, or 4.2% of revenues in the prior year period. Of the $4.8 million comparable increase, approximately $4.0 million was due to deal and integration costs mostly related to the announced Sitel Group-SYKES transaction with the remainder driven by higher accrual for long-term performance-based compensation due to sustained and healthy operating results. On a non-GAAP basis (see Exhibit 7 for reconciliation), other loss from operations decreased to 3.7% of revenues from 4.1% in the year-ago period driven mostly by expense true-ups related to commercial insurance and lower marketing activities related to Covid-19.

Other Income (Expense) and Taxes

Total other income (expense), net for the second quarter of 2021 was $(0.2) million compared to $1.4 million for the same period in the prior year. The negative swing in total other income (expense) was driven largely by a combination of increased losses at XSell Technologies, Inc., which is accounted for under the equity method, and a comparable reduction in mark-to-market adjustment of stock‐based deferred compensation programs funded through Rabbi Trust investments.

The Company recorded an effective tax rate of 21.5% in the second quarter of 2021 versus 22.3% in the same period last year and below the estimated 23% provided in the Company’s May 2021 business outlook. The rate differential in both instances is mainly driven by a discrete benefit relating to changes in the Company’s valuation allowances, which was partially offset by the UK tax rate change in the current period.

On a non-GAAP basis, the second quarter 2021 effective tax rate was 21.9% compared to 22.8% in the same period last year and below the estimated 23% provided in the Company’s May 2021 business outlook (see Exhibit 10 for reconciliation), with the rate differential due largely to aforementioned factors.

Liquidity and Capital Resources

The Company’s balance sheet at June 30, 2021, remained strong with cash and cash equivalents of $103.2 million, of which approximately 84.8%, or $87.5 million, was held in international operations and the majority of which will not be subject to additional taxes if repatriated to the United States. At June 30, 2021, the Company had $23.0 million in borrowings outstanding, down from $63.0 million at the end of 2020, under its $500.0 million credit agreement.

Conference Call

In light of the pending acquisition by Sitel Group®, the Company does not plan to host an earnings conference call nor provide forward-looking guidance. This press release is also posted on the SYKES website at https://investor.sykes.com/company/investors/investor-news/2021/default.aspx.

Non-GAAP Financial Measures

Non-GAAP indicators of performance are not measures of financial performance under U.S. Generally Accepted Accounting Principles (“GAAP”) and should not be considered a substitute for measures determined in accordance with GAAP. The Company, however, uses non-GAAP measures as a way to assist readers in further understanding the Company’s results. The Company believes these non-GAAP financial measures are important indicators of performance as they are intrinsic to how management evaluates and rewards performance from its underlying operations. Constant currency organic revenue growth, which is a non-GAAP measure, for instance, facilitates comparability between time periods as this presentation allows the Company to isolate the effect of acquisition-related revenues and exchange rate differences by assuming a constant exchange rate between periods for translation. Similarly, amortization of intangible assets and depreciation of the step up in value of purchased tangible assets are excluded for purposes of calculating the non-GAAP financial measures – including but not limited to non-GAAP operating margins, non-GAAP tax rate, non-GAAP net income, non-GAAP net income per diluted share and non-GAAP income from operations – because the Company does not acquire businesses on a predictable cycle and the exclusion facilitates a more meaningful evaluation of current operating performance and comparison to operating performance in other periods as well as performance relative to its peers who are not acquisitive or as acquisitive. The Company also excludes the impact or any corresponding reversals of material restructurings approved by the appropriate level of management, gain or loss on sale of facilities, release of cumulative translation adjustment (CTA), lease obligations and facility exit costs, severance and related costs, non-cash impairment charges, merger and integration costs associated with an acquisition and accretion of interest on contingent consideration of an acquisition from non-GAAP Income (loss) from operations and non-GAAP net income because the amounts are not reflective of ongoing operating results and do not contribute to a meaningful evaluation of current operating performance or comparison to operating performance in other periods. Refer to the exhibits in the release for detailed reconciliations.

About Sykes Enterprises, Incorporated

Sykes Enterprises, Incorporated and consolidated subsidiaries (“SYKES” or the “Company”) is a leading full lifecycle provider of global customer experience management services, multichannel demand generation and digital transformation. SYKES provides differentiated full lifecycle customer experience management solutions and services primarily to Global 2000 companies and their end customers principally in the financial services, technology, communications, transportation & leisure and healthcare industries. The Company’s differentiated full lifecycle services platform effectively engages customers at every touchpoint within the customer journey, including digital media and acquisition, sales expertise, customer service, technical support and retention, many of which can be optimized through a suite of digital transformation capabilities under its SYKES Digital Services (“SDS”) group, which spans robotic process automation (“RPA”), self-service, insight analytics and digital learning. In addition to digital transformation, SYKES also provides artificial intelligence (“AI”) solutions that can be embedded and leveraged across its lifecycle offerings. The Company serves its clients through two geographic operating regions: the Americas (United States, Canada, Latin America, Australia and the Asia Pacific Rim) and EMEA (Europe, the Middle East and Africa). The Company’s Americas and EMEA regions primarily provide customer experience management solutions and services with an emphasis on inbound multichannel demand generation, customer service and technical support to its clients’ customers. These services are delivered through multiple communication channels including phone, e-mail, social media, text messaging, chat and digital self-service. The Company also provides various enterprise support services in the United States that include services for its clients’ internal support operations, from technical staffing services to outsourced corporate help desk services. In Europe, the Company also provide fulfillment services, which include order processing, payment processing, inventory control, product delivery and product returns handling. Additionally, through the Company’s acquisition of RPA provider Symphony Ventures Ltd (“Symphony”) coupled with its investment in AI through XSell Technologies, Inc. (“XSell”), the Company also provides a suite of digital transformation capabilities that optimizes its differentiated full lifecycle management services platform. The Company’s complete service offering helps its clients acquire, retain and increase the lifetime value of their customer relationships. The Company has developed an extensive global reach with customer experience management centers across six continents, including North America, South America, Europe, Asia, Australia and Africa. The Company delivers cost-effective solutions that generate demand, enhance the customer service experience, promote stronger brand loyalty, and bring about high levels of performance and profitability. For additional information please visit www.sykes.com.

Forward-Looking Statements

This press release may contain “forward-looking statements,” including SYKES’ estimates of its future business outlook, prospects or financial results. Statements regarding SYKES’ objectives, expectations, intentions, beliefs or strategies, or statements containing words such as “believe,” “estimate,” “project,” “expect,” “intend,” “may,” “anticipate,” “plans,” “seeks,” “implies,” or similar expressions are intended to identify such forward-looking statements. It is important to note that SYKES’ actual results could differ materially from those in such forward-looking statements, and undue reliance should not be placed on such statements. Statements about the effects of the COVID-19 pandemic on our business, operations, financial performance and prospects may constitute forward-looking statements and are subject to the risk that the actual impacts may differ, possibly materially, from what is reflected in those forward-looking statements due to factors and future developments that are uncertain, unpredictable and in many cases beyond our control, including the scope and duration of the pandemic, actions taken by governmental authorities in response to the pandemic, and the direct and indirect impact of the pandemic on our clients, third parties and us. Among the important factors that could cause such actual results to differ materially are (i) the impact of economic recessions in the U.S. and other parts of the world, (ii) fluctuations in global business conditions and the global economy, (iii) SYKES’ ability of maintaining margins, (iv) SYKES’ ability to continue the growth of its support service revenues through additional technical and customer experience management centers, (v) currency fluctuations, (vi) the timing of significant orders for SYKES’ products and services, (vii) loss or addition of significant clients, (viii) the early termination of contracts by clients, (ix) SYKES’ ability to recognize deferred revenue through delivery of products or satisfactory performance of services, (x) construction delays of new or expansion of existing customer experience management centers, (xi) difficulties or delays in implementing SYKES’ bundled service offerings, (xii) failure to achieve sales, marketing and other objectives, (xiii) variations in the terms and the elements of services offered under SYKES’ standardized contract including those for future bundled service offerings, (xiv) changes in applicable accounting principles or interpretations of such principles, (xv) delays in SYKES’ ability to develop new products and services and market acceptance of new products and services, (xvi) rapid technological change, (xvii) political and country-specific risks inherent in conducting business abroad, (xviii) SYKES’ ability to attract and retain key management personnel, (xix) SYKES’ ability to further penetrate into vertically integrated markets, (xx) SYKES’ ability to expand its global presence through strategic alliances and selective acquisitions, (xxi) SYKES’ ability to continue to establish a competitive advantage through sophisticated technological capabilities, (xxii) the ultimate outcome of any lawsuits or penalties (regulatory or otherwise), (xxiii) SYKES’ dependence on trends toward outsourcing, (xxiv) risk of interruption of technical and customer experience management center operations due to such factors as fire, earthquakes, inclement weather and other disasters, power failures, telecommunications failures, unauthorized intrusions, computer viruses and other emergencies, (xxv) the existence of substantial competition, (xxvi) the ability to obtain and maintain grants and other incentives, including tax holidays or otherwise, (xxvii) risks related to the integration of the businesses of SYKES, including the Qelp, Clearlink, WhistleOut, Symphony and Taylor Media Corp. (the owner of The Penny Hoarder) acquisitions and the impairment of any related goodwill, (xxviii) the ability to execute on initiatives to address inefficiencies around recruitment and retention in the U.S. and rationalize underutilized capacity methodically, (xxix) the occurrence of any event, change or other circumstance that could give rise to the termination of the Merger Agreement and (xxx) other risk factors listed from time to time in SYKES’ registration statements and reports as filed with the Securities and Exchange Commission. All forward-looking statements included in this press release are made as of the date hereof, and SYKES undertakes no obligation to update any such forward-looking statements, whether as a result of new information, future events, or otherwise.

For additional information contact:
Subhaash Kumar
Sykes Enterprises, Incorporated
(813) 233-7143

Sykes Enterprises, Incorporated
Consolidated Statements of Operations
(in thousands, except per share data)
(Unaudited)
Exhibit 1

	Three Months Ended June 30,
	2021			2020
Revenues	$	448,885		$	416,833
Direct salaries and related costs		(292,086	)		(268,433	)
General and administrative		(110,924	)		(102,664	)
Depreciation, net		(12,809	)		(12,630	)
Amortization of intangibles		(2,959	)		(4,093	)
Impairment of long-lived assets		(386	)		(1,800	)
Income from operations		29,721			27,213
Total other income (expense), net		(187	)		1,402
Income before income taxes		29,534			28,615
Income taxes		(6,354	)		(6,385	)
Net income	$	23,180		$	22,230

Net income per common share:
Basic	$	0.58		$	0.55
Diluted	$	0.58		$	0.55

Weighted average common shares outstanding:
Basic		39,779			40,318
Diluted		39,942			40,380

Sykes Enterprises, Incorporated
Consolidated Statements of Operations
(in thousands, except per share data)
(Unaudited)
Exhibit 2

	Six Months Ended June 30,
	2021			2020
Revenues	$	906,771		$	827,999
Direct salaries and related costs		(591,563	)		(535,378	)
General and administrative		(220,551	)		(205,911	)
Depreciation, net		(25,924	)		(25,091	)
Amortization of intangibles		(5,946	)		(8,212	)
Impairment of long-lived assets		(1,536	)		(1,800	)
Income from operations		61,251			51,607
Total other income (expense), net		(834	)		(3,848	)
Income before income taxes		60,417			47,759
Income taxes		(12,259	)		(11,611	)
Net income	$	48,158		$	36,148

Net income per common share:
Basic	$	1.21		$	0.89
Diluted	$	1.21		$	0.88

Weighted average common shares outstanding:
Basic		39,711			40,726
Diluted		39,951			40,857

Sykes Enterprises, Incorporated
Segment Results
(in thousands)
(Unaudited)
Exhibit 3

	Three Months Ended June 30,
	2021			2020
Revenues:
Americas	$	356,427		$	339,272
EMEA		92,455			77,561
Other		3			—
Total	$	448,885		$	416,833

Operating Income (Loss):
Americas	$	47,275		$	40,479
EMEA		4,593			4,078
Other		(22,147	)		(17,344	)
Income from operations		29,721			27,213

Total other income (expense), net		(187	)		1,402
Income taxes		(6,354	)		(6,385	)
Net income	$	23,180		$	22,230

	Six Months Ended June 30,
	2021			2020
Revenues:
Americas	$	720,146		$	672,198
EMEA		186,622			155,794
Other		3			7
Total	$	906,771		$	827,999

Operating Income (Loss):
Americas	$	92,147		$	76,258
EMEA		11,261			7,258
Other		(42,157	)		(31,909	)
Income from operations		61,251			51,607

Total other income (expense), net		(834	)		(3,848	)
Income taxes		(12,259	)		(11,611	)
Net income	$	48,158		$	36,148

Sykes Enterprises, Incorporated
Consolidated Balance Sheets and Supplementary Data
(in thousands, except seat data)
(Unaudited)
Exhibit 4

	June 30, 2021		December 31, 2020
Assets:
Current assets	$	566,806	$	559,889
Property and equipment, net		116,797		121,084
Operating lease right-of-use assets		132,032		158,866
Goodwill & intangibles, net		527,560		533,384
Other noncurrent assets		63,249		62,582
Total assets	$	1,406,444	$	1,435,805

Liabilities & Shareholders’ Equity:
Current liabilities	$	279,824	$	295,506
Noncurrent liabilities		181,977		246,645
Shareholders’ equity		944,643		893,654
Total liabilities and shareholders’ equity	$	1,406,444	$	1,435,805

	Geographic Mix (% of Total Revenues)
	Q2 2021			Q2 2020
Americas ⁽¹⁾		79	%		81	%
Europe, Middle East & Africa (EMEA)		21	%		19	%
Other		0	%		0	%
Total		100	%		100	%

(1) Includes the United States, Canada, Latin America, South Asia and the Asia Pacific Rim (APAC) Region. Latin America, South Asia and APAC are included in the Americas due to the nature of the business and client profile, which is primarily made up of U.S.-based clients.

	Vertical Industry Mix (% of Total Revenues)
	Q2 2021			Q2 2020
Financial Services		34	%		33	%
Technology		22	%		22	%
Communications		17	%		21	%
Transportation & Leisure		6	%		8	%
Healthcare		7	%		5	%
Other		14	%		11	%
Total		100	%		100	%

	Seat Capacity
	Q2 2021		Q2 2020
Americas		37,100		40,400
EMEA		7,500		8,200
Total		44,600		48,600

	Capacity Utilization
	Q2 2021			Q2 2020
Americas		73	%		73	%
EMEA		72	%		69	%
Total		73	%		73	%

Sykes Enterprises, Incorporated
Cash Flow from Operations
(in thousands)
(Unaudited)
Exhibit 5

	Three Months Ended June 30,
	2021			2020
Cash Flow From Operating Activities:
Net income	$	23,180		$	22,230
Depreciation		12,821			12,687
Amortization of intangibles		2,959			4,093
Amortization of deferred grants		(240	)		(85	)
Impairment losses		386			1,800
Changes in assets and liabilities and other		(13,445	)		17,368
Net cash provided by operating activities	$	25,661		$	58,093

Capital expenditures	$	9,727		$	11,062
Cash paid during period for interest	$	260		$	442
Cash paid during period for income taxes	$	12,374		$	5,148

	Six Months Ended June 30,
	2021			2020
Cash Flow From Operating Activities:
Net income	$	48,158		$	36,148
Depreciation		25,948			25,206
Amortization of intangibles		5,946			8,212
Amortization of deferred grants		(480	)		(170	)
Impairment losses		1,536			1,800
Changes in assets and liabilities and other		(15,208	)		15,446
Net cash provided by operating activities	$	65,900		$	86,642

Capital expenditures	$	19,103		$	22,880
Cash paid during period for interest	$	584		$	1,009
Cash paid during period for income taxes	$	17,457		$	8,947

Sykes Enterprises, Incorporated
Reconciliation of Non-GAAP Financial Information
(in thousands, except per share data)
(Unaudited)
Exhibit 6

	Three Months Ended June 30,
	2021			2020
GAAP income from operations	$	29,721		$	27,213
Adjustments:
Long-lived asset impairment		386			1,800
Acquisition-related depreciation and amortization of property and equipment and purchased intangibles		3,386			4,489
Merger & integration costs		3,952			1,685
Mark-to-market adjustment of stock-based compensation programs funded through Rabbi Trust Investments included in “General and administrative” costs		1,123			—
Other ⁽¹⁾		(744	)		430
Non-GAAP income from operations	$	37,824		$	35,617

	Three Months Ended June 30,
	2021			2020
GAAP net income	$	23,180		$	22,230
Adjustments:
Long-lived asset impairment		386			1,800
Acquisition-related depreciation and amortization of property and equipment and purchased intangibles		3,386			4,489
Merger & integration costs		3,952			1,685
Mark-to-market adjustment of stock-based compensation programs funded through Rabbi Trust Investments included in “General and administrative” costs		1,123			—
Mark-to-market adjustment of Rabbi Trust Investments included in “Total other income (expense), net”		(1,123	)		—
(Earnings) losses from equity method investee		858			—
Other ⁽¹⁾		(744	)		430
Tax effect of the adjustments		(1,837	)		(2,051	)
Non-GAAP net income	$	29,181		$	28,583

	Three Months Ended June 30,
	2021			2020
GAAP net income (loss), per diluted share	$	0.58		$	0.55
Adjustments:
Long-lived asset impairment		0.01			0.04
Acquisition-related depreciation and amortization of property and equipment and purchased intangibles		0.09			0.11
Merger & integration costs		0.10			0.04
Mark-to-market adjustment of stock-based compensation programs funded through Rabbi Trust Investments included in “General and administrative” costs		0.03			—
Mark-to-market adjustment of Rabbi Trust Investments included in “Total other income (expense), net”		(0.03	)		—
(Earnings) losses from equity method investee		0.02			—
Other ⁽¹⁾		(0.02	)		0.02
Tax effect of the adjustments		(0.05	)		(0.05	)
Non-GAAP net income, per diluted share	$	0.73		$	0.71

(1) Long-lived asset impairment costs of $1.8 million have been reclassified from “Other” to “Long-lived asset impairment” for the three months ended June 30, 2020.

Sykes Enterprises, Incorporated
Reconciliation of Non-GAAP Financial Information by Segment
(in thousands)
(Unaudited)
Exhibit 7

	Americas					EMEA				Other ⁽¹⁾
	Three Months Ended June 30,					Three Months Ended June 30,				Three Months Ended June 30,
	2021			2020		2021		2020		2021			2020
GAAP income (loss) from operations	$	47,275		$	40,479	$	4,593	$	4,078	$	(22,147	)	$	(17,344	)
Adjustments:
Long-lived asset impairment		386			1,800		—		—		—			—
Acquisition-related depreciation and amortization of property and equipment and purchased intangibles		2,217			3,435		1,169		1,054		—			—
Merger & integration costs		—			1,459		—		—		3,952			226
Mark-to-market adjustment of stock- based compensation programs funded through Rabbi Trust Investments		—			—		—		—		1,123			—
Other ⁽²⁾		(1,603	)		429		405		—		454			1
Non-GAAP income (loss) from operations	$	48,275		$	47,602	$	6,167	$	5,132	$	(16,618	)	$	(17,117	)

(1) Other includes corporate and other costs.
(2) Long-lived asset impairment costs of $1.8 million have been reclassified from “Other” to “Long-lived asset impairment” for the three months ended June 30, 2020.

Sykes Enterprises, Incorporated
Reconciliation of Non-GAAP Financial Information
(in thousands, except per share data)
(Unaudited)
Exhibit 8

	Six Months Ended June 30,
	2021			2020
GAAP income from operations	$	61,251		$	51,607
Adjustments:
Long-lived asset impairment		1,218			1,800
Acquisition-related depreciation and amortization of property and equipment and purchased intangibles		6,807			9,028
Merger & integration costs		4,268			2,464
Mark-to-market adjustment of stock-based compensation programs funded through Rabbi Trust Investments included in “General and administrative” costs		1,647			(2	)
Other ⁽¹⁾		(737	)		485
Non-GAAP income from operations	$	74,454		$	65,382

	Six Months Ended June 30,
	2021			2020
GAAP net income	$	48,158		$	36,148
Adjustments:
Long-lived asset impairment		1,218			1,800
Acquisition-related depreciation and amortization of property and equipment and purchased intangibles		6,807			9,028
Merger & integration costs		4,268			2,464
Mark-to-market adjustment of stock-based compensation programs funded through Rabbi Trust Investments included in “General and administrative” costs		1,647			(2	)
Mark-to-market adjustment of Rabbi Trust Investments included in “Total other income (expense), net”		(1,648	)		—
(Earnings) losses from equity method investee		1,533			—
Other ⁽¹⁾		(737	)		485
Tax effect of the adjustments		(3,050	)		(3,337	)
Non-GAAP net income	$	58,196		$	46,586

	Six Months Ended June 30,
	2021			2020
GAAP net income, per diluted share	$	1.21		$	0.88
Adjustments:
Long-lived asset impairment		0.03			0.04
Acquisition-related depreciation and amortization of property and equipment and purchased intangibles		0.17			0.22
Merger & integration costs		0.11			0.06
Mark-to-market adjustment of stock-based compensation programs funded through Rabbi Trust Investments included in “General and administrative” costs		0.04			—
Mark-to-market adjustment of Rabbi Trust Investments included in “Total other income (expense), net”		(0.04	)		—
(Earnings) losses from equity method investee		0.04			—
Other ⁽¹⁾		(0.02	)		0.02
Tax effect of the adjustments		(0.08	)		(0.08	)
Non-GAAP net income, per diluted share	$	1.46		$	1.14

(1) Long-lived asset impairment costs of $1.8 million have been reclassified from “Other” to “Long-lived asset impairment” for the three months ended June 30, 2020.

Sykes Enterprises, Incorporated
Reconciliation of Non-GAAP Financial Information by Segment
(in thousands)
(Unaudited)
Exhibit 9

	Americas					EMEA				Other ⁽¹⁾
	Six Months Ended June 30,					Six Months Ended June 30,				Six Months Ended June 30,
	2021			2020		2021		2020		2021			2020
GAAP income (loss) from operations	$	92,147		$	76,258	$	11,261	$	7,258	$	(42,157	)	$	(31,909	)
Adjustments:
Long-lived asset impairment		743			1,800		475		—		—			—
Acquisition-related depreciation and amortization of property and equipment and purchased intangibles		4,480			6,894		2,327		2,134		—			—
Merger & integration costs		—			2,011		—		—		4,268			453
Mark-to-market adjustment of stock- based compensation programs funded through Rabbi Trust Investments		—			—		—		—		1,647			(2	)
Other ⁽²⁾		(1,596	)		429		405		—		454			56
Non-GAAP income (loss) from operations	$	95,774		$	87,392	$	14,468	$	9,392	$	(35,788	)	$	(31,402	)

Sykes Enterprises, Incorporated
Reconciliation of Non-GAAP Financial Information
(Unaudited)
Exhibit 10

	Three Months Ended June 30,
	2021		2020
GAAP tax rate	22	%	22	%
Adjustments:
Long-lived asset impairment	0	%	0	%
Acquisition-related depreciation and amortization of property and equipment and purchased intangibles	0	%	0	%
Merger & integration costs	0	%	1	%
Mark-to-market adjustment of stock-based compensation programs funded through Rabbi Trust Investments included in “General and administrative” costs	0	%	0	%
Mark-to-market adjustment of Rabbi Trust Investments included in “Total other income (expense), net”	0	%	0	%
(Earnings) losses from equity method investee	0	%	0	%
Other	0	%	0	%
Non-GAAP tax rate	22	%	23	%

Sykes Enterprises, Incorporated
Reconciliation of Non-GAAP Financial Information by Segment
(Unaudited)
Exhibit 11

	Three Months Ended June 30, 2021 vs. June 30, 2020 ⁽²⁾
	Americas			EMEA			Other ⁽³⁾			Consolidated
GAAP revenue growth		5.1	%		19.2	%		100.0	%		7.7	%
Adjustments:
Acquisition		-4.8	%		0.0	%		0.0	%		-3.9	%
Foreign currency impact ⁽¹⁾		-1.7	%		-11.4	%		0.0	%		-3.5	%
Non-GAAP constant currency organic revenue growth		-1.4	%		7.8	%		100.0	%		0.3	%

      (1)   Foreign exchange fluctuations are calculated on a constant currency basis by translating the current period reported amounts using the prior period foreign exchange rate for each underlying currency.
      (2)   Represents the period-over-period growth rate.
      (3)   Other includes corporate and other costs.

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Artificial Intelligence

Lithium Miners Strategize for Long-Term Gains as Market Recovers

Published

1 day ago

May 3, 2024

CISION (PR Newswire)

USA News Group Commentary
Issued on behalf of Lithium South Development Corporation
VANCOUVER, BC, May 3, 2024 /PRNewswire/ — USA News Group – Despite what appears to be a supply glut currently in the global lithium market, already there are signs of a lithium rebound on the horizon. According to Statista, global lithium demand is projected to grow through next year, while Fastmarkets predicts lithium supply will increase 30% in 2024. Fastmarkets also expects that by 2030, US lithium demand alone will grow by nearly 500%. Looking ahead, lithium miners continue to move their chess pieces onto the board with anticipation of long-term rewards, including the work of Lithium South Development Corporation (TSXV:LIS) (OTC:LISMF), Sociedad Química y Minera de Chile S.A. (SQM) (NYSE:SQM), Piedmont Lithium Inc. (NASDAQ:PLL), Lithium Americas Corp. (NYSE:LAC) (TSX:LAC), and Rio Tinto Group (NYSE:RIO).

Lithium South Development Corporation (TSXV:LIS) (OTC:LISMF) recently filed a new Preliminary Economic Assessment (PEA), which provides support for the company to proceed with development plans for a 15,600 tonnes per year lithium carbonate plant. As per the PEA, the project’s financial model shows a Net Present Value (NPV) after tax of US$938 million, and an after-tax Internal Rate of Return (IRR) of 31.6%, with a 2.5-year payback.
“We are very pleased to have achieved this important milestone for the HMN Li Project,” said Adrian F.C. Hobkirk, Founder, President and CEO of Lithium South. “The robust economics and room for expansion indicate a promising future for Lithium South.”
The HMN Li project is planned to use an extraction and recovery process based on conventional solar evaporation of the well brine. Magnesium and other contaminants will be removed using industry standard proven methods including liming. The concentrated lithium solution will then be processed into lithium carbonate technical grade.
The PEA announcement came just weeks after the company announced the expansion of its ongoing production well drill program. A 400 meter deep pumping well has been completed at the Alba Sabrina claim block, which at 2,089 hectares is the project’s largest. Recent efforts at the well successfully cleared out sediments, leading to the flow of clear brine with strong artesian characteristics, suggesting potential for enhanced brine extraction rates. To maximize these benefits, Lithium South has contracted a significantly larger 80-kilowatt pump, and is now completing a long term pump test. Based on results, further wells are planned for Alba Sabrina and the southern claim blocks at Viamonte and Norma Edith.
“These developments on the Alba Sabrina claim block could potentially enhance our operational capacity,” said Hobkirk. “The completion of this pumping test, anticipated by the end of May, will provide critical technical insight into the capacity potential of this area of the salar.”
Earlier in the year, Lithium South together with the Korean conglomerate POSCO, entered into a cooperative development agreement on the HMN Li Project, representing a crucial step forward in advancing towards lithium production. Previously, towards the end of 2023, Lithium South also released an updated NI 43-101 technical report for its premier HMN Li asset, which demonstrated a significant 175% boost in its lithium resource, amounting to over 1.58 million tonnes of lithium carbonate equivalent (LCE).
According to Chile’s Sociedad Química y Minera de Chile S.A. (SQM) (NYSE:SQM), there will be steady lithium prices in the coming months, despite the supply glut. In particular, SQM is optimistic for the second half of the year, which the company predicts will entail higher sales volumes.
“As we enter into 2024, we anticipate another robust year of growth in lithium market, with global demand increasing by at least 20%, supported by electric vehicle sales growth globally and increasing demand for battery materials,” said Ricardo Ramos, CEO of SQM. “However, the excess in lithium and battery materials capacity seen during last year is expected to continue during this year, keeping pressure on lithium market prices. We expect our average lithium prices to remain relatively stable throughout the year and our sales volumes to increase slightly during this year, subject to market conditions and any changes in supply-demand balance.”
This optimism was shared by Keith Phillips, CEO of Piedmont Lithium Inc. (NASDAQ:PLL) in an interview with Yahoo! Finance Live.
“[When it comes to mining] low prices are the cure for low prices,” said Phillips, adding that “it’s a matter of time” that prices will rebound. How fast that rebound occurs is still to be determined, however, Piedmont isn’t slowing its march.
Just recently, Piedmont received its state mining permit from the state of North Carolina, where the company owns 3,600 acres, from which it plans to mine spodumene from at least half of the area. Piedmont will then convert the material to lithium hydroxide, which is key to the manufacturing of EV batteries.
“We look forward to continued engagement with the local community and the Gaston County Board of Commissioners,” said Phillips. “We have had extensive and ongoing dialogue with possible funding sources for Carolina Lithium.”
Domestically sourced lithium is projected to become even more desirable, especially with US government incentives underway. Lithium Americas Corp. (NYSE:LAC) (TSX:LAC) recently secured a record $2.26 billion loan from the US Department of Energy to build its Thacker Pass lithium project in Nevada.
Construction began at the site located just south of the Nevada-Oregon border in March 2023, following a lengthy and intricate legal victory over conservationists, ranchers, and Indigenous groups. Lithium Americas anticipates finalizing securing a loan later this year, pending the completion of final environmental assessments. Once the financing is in place, the company aims to commence substantial construction activities, a project slated to last three years. The initial phase of the mine is projected to yield 40,000 metric tons of battery-grade lithium carbonate annually, sufficient to supply up to 800,000 electric vehicles.
“Our team has been focused on refining the development plan and de-risking construction execution of Phase 1 for Thacker Pass,” said Jonathan Evans, President and CEO of Lithium Americas. “We have de-risked execution by advancing detailed engineering and project planning. To date, we have completed all the early-works and infrastructure required for major construction, including excavating the processing plant areas.”
Looking at multiple international lithium projects, mining giant Rio Tinto Group (NYSE:RIO) has already expressed the company remains bullish on lithium despite not currently seeking any big acquisitions. Back in March, Rio Tinto committed to spending $350 million on its Rincon lithium project in Argentina, set to commence production by the end of the year.
This comes just months after the President of Serbia expressed interest to hold further talks with Rio Tinto regarding its Jadar lithium project, after the country revoked licenses on the $2.4 billion asset in 2022. If brought to completion, the project could supply 90% of Europe’s current lithium needs, and make Rio Tinto a leading lithium producer. As well, Rio Tinto held talks with the country of Rwanda back in January for the exploration and mining of lithium in the East African nation.
“[Rio Tinto is] “excited to be partnering with the government of Rwanda, applying our global experience to accelerate the search for primary lithium deposits in Rwanda’s Western Province,” said Lawrence Dechambenoit, global head of external affairs at Rio Tinto. The move could further unlock the potential of another country’s mining sector, if successful.
Source: https://usanewsgroup.com/2023/10/18/the-lithium-race-to-power/
CONTACT:USA NEWS [email protected] (604) 265-2873
Mr. William Feyerabend, a Consulting Geologist and Qualified Person under National Instrument 43-101 participated in the production of this advertisement, and approves of the technical and scientific disclosure contained herein pertaining to Lithium South.
DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Equity Insider is a wholly-owned subsidiary of Market IQ Media Group, Inc. (“MIQ”). MIQ has been paid a fee for Lithium South Development Corporation advertising and digital media from the company directly. There may be 3rd parties who may have shares of Lithium South Development Corporation, and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of Lithium South Development Corporation which were purchased as a part of a private placement. MIQ reserves the right to buy and sell, and will buy and sell shares of Lithium South Development Corporation at any time thereafter without any further notice. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; this is a paid advertisement, and we own shares of the mentioned company that we will sell, and we also reserve the right to buy shares of the company in the open market, or through further private placements and/or investment vehicles. The contents of this advertisement were reviewed by Mr. William Feyerabend, a Consulting Geologist and Qualified Person as defined under National Instrument 43-101. Mr. Feyerabend approves of the scientific and technical disclosure pertaining to Lithium South contained within this advertisement. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

View original content:https://www.prnewswire.co.uk/news-releases/lithium-miners-strategize-for-long-term-gains-as-market-recovers-302135776.html

Artificial Intelligence

ROLLER and Amusement Connect Announce Integration to Streamline Cashless Card Operations

Published

1 day ago

May 3, 2024

CISION (PR Newswire)

New partnership enhances guest experiences and operational efficiency across attraction venues
AUSTIN, Texas, May 3, 2024 /PRNewswire/ — In an effort to improve the guest experience and streamline operations for attractions venues, ROLLER, a global leader in leisure and attractions technology, has joined forces with Amusement Connect, a recognized leader in cashless card operations. This strategic partnership delivers an integration that aims to streamline the arcade experience for operators and guests alike, providing a more efficient way for entertainment venues to operate.

Through this integration, ROLLER and Amusement Connect enable the sale, top-up, and balance checks of cashless cards directly from ROLLER’s point-of-sale devices, simplifying the management of pay-to-play attractions. This move is expected to enhance operational efficiency and improve guest satisfaction by making sales smoother and more convenient. The integration also simplifies reporting by automatically recording every purchase of a cashless card, saving venue operators time and ensuring accurate tracking of purchases.
Both companies leverage cloud-based technology to ensure that venues can operate without the need for expensive servers, with the promise of continuous updates to keep the systems equipped with the latest features and improvements. This integration also introduces the option for guests to purchase game cards online through ROLLER’s online checkout, a feature designed to make the check-in process more efficient and increase average transaction values.
“Amusement Connect and ROLLER have a shared commitment to helping attractions businesses deliver exceptional guest experiences. So, we’re thrilled to partner with Amusement Connect on this integration – a trailblazing company known for great customer support and providing innovative tech. This isn’t just about upgrading our technology—it’s delivering on our promise to make every guest experience smoother and every operator’s day a bit easier,” explained Luke Finn, CEO and Founder of ROLLER.
“As we continue to innovate and collaborate with industry leaders like ROLLER, we’re thrilled to see the tangible benefits our integration brings to our customers. Together, we’re not just transforming transactions; we’re elevating experiences and driving profitability with every interaction,” commented Frank Licausi, Co-Owner of Amusement Connect.
This partnership between ROLLER and Amusement Connect represents a significant step towards more streamlined operations in the amusement industry. It offers a blend of efficiency and convenience aimed at improving the way entertainment venues operate and enhancing the overall guest experience. For more information on this integration and how it can benefit your venue, contact ROLLER or Amusement Connect directly.
About ROLLER
ROLLER is the cloud-based venue management platform for the modern attraction, purpose-built to remove friction from the guest experience at every touchpoint. Their all-in-one platform simplifies its customers’ business processes, improving efficiency and maximizing revenue. ROLLER’s comprehensive solution includes: Online Checkout & Ticketing, Point-of-Sale, Integrated Payments, Memberships, Gift Cards, Waivers, Self-Serve Kiosks, Cashless Wallets, the Guest Experience Score®, and more. To learn more, visit roller.software.
About Amusement Connect
Founded by Frank Licausi and John Tarpley in 2017, our comprehensive game card system, accompanied by a variety of products, provides a complete overview on games and attractions in settings like bars, arcades, FEC’s, and multi-location entertainment centers. As operators and industry experts, we bring innovation, value, and the best possible experiences to entertainment venues with our award-winning game card system. Bringing you more at amusementconnect.com.

View original content:https://www.prnewswire.co.uk/news-releases/roller-and-amusement-connect-announce-integration-to-streamline-cashless-card-operations-302135415.html

Artificial Intelligence

Computer Vision in Healthcare Market Worth $11.5 billion | MarketsandMarkets™

Published

1 day ago

May 3, 2024

CISION (PR Newswire)

CHICAGO, May 3, 2024 /PRNewswire/ — Computer Vision in Healthcare Market in terms of revenue was estimated to be worth $3.9 billion in 2024 and is poised to reach $11.5 billion by 2029, growing at a CAGR of 24.0% from 2024 to 2029 according to a new report by MarketsandMarkets™.

The market’s expansion is fueled by the exponential growth of medical imaging data which necessitates efficient analysis methods, where computer vision techniques excel in automating and enhancing diagnostic processes. Further, the demand for improved patient care and outcomes fuels the adoption of AI-driven solutions, empowering healthcare providers with precise tools for diagnosis, treatment planning, and monitoring. Nevertheless, ensuring the accuracy and reliability of computer vision algorithms remains a significant challenge, especially in complex medical imaging tasks where errors can have critical consequences. Additionally, the regulatory landscape surrounding AI-based medical devices is evolving, requiring stringent validation and approval processes, which can impede the timely deployment of innovative solutions. Thus, restraining the market.
Download an Illustrative overview: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=231790940
Browse in-depth TOC on “Computer Vision in Healthcare Market”
505 – Tables55 – Figures379 – Pages
Computer Vision in Healthcare Market Scope:
Report Coverage
Details
Market Revenue in 2024
$3.9 billion
Estimated Value by 2029
$11.5 billion
Growth Rate
Poised to grow at a CAGR of 24.0%
Market Size Available for
2022–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
Product & Service, Type, Applications, End User
Geographies Covered
North America, Europe, Asia Pacific, Latin America and Middle East and Africa
Report Highlights
Updated financial information / product portfolio of players
Key Market Opportunities
Computer vision solutions for healthcare that are hosted in the cloud
Key Market Drivers
The healthcare sector is experiencing a growing need for computer vision systems
“The largest share in the computer vision in healthcare market, based on type, was attributed to the PC-based computer vision systems segment in 2023.”
The PC-based computer vision systems segment holds the largest market share in the computer vision in healthcare market in 2023. The growth of this segment is propelled by factors such as PCs offering robust computational power, enabling real-time processing of complex algorithms required for tasks like medical image analysis. Also, PCs provide flexibility and scalability, allowing users to customize hardware configurations and software solutions according to specific requirements. This versatility makes them adaptable to various healthcare settings, from small clinics to large hospitals.
“In 2023, the patient activity monitoring/fall prevention segment demonstrated the most significant growth in the computer vision in healthcare market based on hospital management by type.”
The patient activity monitoring/fall prevention segment is expected to experience the highest growth in the computer vision in healthcare market. The key drivers for this growth include the aging population worldwide that has led to an increased focus on elderly care and fall prevention initiatives. Computer vision systems offer non-intrusive and continuous monitoring of patients’ movements, enabling early detection of potential fall risks and timely intervention to prevent accidents. Also, the growing adoption of wearable devices and smart sensors integrated with computer vision technology allows for seamless monitoring of patients’ activities both inside healthcare facilities and at home. This remote monitoring capability enhances patient safety and independence while reducing the burden on caregivers and healthcare resources.
“North America accounted for the largest share of the healthcare simulation market in 2023.”
In 2023, North America held the largest share in the computer vision in healthcare market, with Europe and Asia Pacific following. The significant presence of North America in the global market can be attributed to factors such as region’s strong focus on improving patient outcomes and reducing healthcare costs which incentivizes the integration of computer vision solutions to streamline processes, enhance diagnostics, and optimize treatment pathways.
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Computer Vision in Healthcare Market Dynamics:
Drivers:
The healthcare sector is experiencing a growing need for computer vision systemsRestraints:
The resistance of medical practitioners towards adopting AI-based technologiesOpportunities:
Computer vision solutions for healthcare that are hosted in the cloudChallenge:
Lack of curated dataKey Market Players of Computer Vision in Healthcare Industry:
The key players functioning in the computer vision in healthcare market include NVIDIA Corporation (US), Intel Corporation (US), Microsoft Corporation (US), Advanced Micro Devices, Inc. (US), Google, Inc. (US), Basler AG (Germany), AiCure (US), iCAD, Inc. (US), Thermo Fisher Scientific Inc. (US), SenseTime (China), KEYENCE CORPORATION (Japan), Assert AI (India), Artisight (US), LookDeep Inc. (US), care.ai (US), CareView Communications (US), VirtuSense (US), Teton (Denmark), viso.ai (Switzerland), NANO-X IMAGING LTD. (Israel), Comofi Medtech Pvt. Ltd. (India), Avidtechvision (India), Roboflow, Inc. (US), Optotune (US) and CureMetrix, Inc. (US).
The break-down of primary participants is as mentioned below:
By Company Type – Tier 1: 45%, Tier 2: 30%, and Tier 3: 25%By Designation – C-level: 42%, Director-level: 31%, and Others: 27%By Region – North America: 32%, Europe: 32%, Asia Pacific: 26%, Middle East & Africa: 5%, Latin America: 5%Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=231790940
Recent Developments of Computer Vision in Healthcare Industry:
In April 2024, iCAD partnered with RAD-AID to enhance breast cancer detection utilizing the AI technology in underserved regions and low- and middle-income countries (LMICs).In March 2024, Microsoft and NVIDIA have broadened their longstanding collaboration with robust new integrations that harness cutting-edge NVIDIA generative AI and Omniverse technologies across Microsoft Azure, Azure AI services, Microsoft Fabric, and Microsoft 365.In February 2022, Advanced Micro Devices acquired Xilinx. This acquisition established the forefront leader in high-performance and adaptive computing, with a significantly expanded scale and the most formidable portfolio of leadership computing, graphics, and adaptive SoC products in the industry.Computer Vision in Healthcare Market – Key Benefits of Buying the Report:
This report will enrich established firms and new entrants/smaller firms to gauge the market’s pulse, which, in turn, would help them garner a greater share of the market. Firms purchasing the report could use one or a combination of the below-mentioned strategies to strengthen their positions in the market.
This report provides insights on:
Analysis of key drivers: (Increasing demand for computer vision systems in the healthcare industry, government initiatives to increase the adoption of AI-based technologies), restraints (Reluctance of medical practitioners to adopt AI-based technologies), opportunities (Cloud-based healthcare computer vision solutions), and challenges (Rising security concerns related to cloud-based image processing and analytics) influencing the growth of the computer vision in healthcare market.Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the computer vision in healthcare market.Market Development: Comprehensive information on the lucrative emerging markets, products & services, applications, end-users, and regions.Market Diversification: Exhaustive information about the product portfolios, growing geographies, recent developments, and investments in the computer vision in healthcare market.Competitive Assessment: In-depth assessment of market shares, growth strategies, product offerings, and capabilities of the leading players in the computer vision in healthcare market like NVIDIA Corporation (US), Intel Corporation (US), Microsoft Corporation (US), Advanced Micro Devices, Inc. (US), Google, Inc. (US).Related Reports:
Medical Robots Market – Global Forecasts to 2029
Minimally Invasive Surgery Market – Global Forecasts to 2029
Spinal Implants Market – Global Forecasts to 2028
Medical Waste Management Market – Global Forecasts to 2028
Operating Room Integration Market – Global Forecasts to 2028
Get access to the latest updates on Computer Vision in Healthcare Companies and Computer Vision in Healthcare Market Size
About MarketsandMarkets™:
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:Mr. Aashish MehraMarketsandMarkets™ INC.630 Dundee RoadSuite 430Northbrook, IL 60062USA: +1-888-600-6441Email: [email protected] Our Website: https://www.marketsandmarkets.com/
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View original content:https://www.prnewswire.co.uk/news-releases/computer-vision-in-healthcare-market-worth-11-5-billion–marketsandmarkets-302135478.html