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1041 GMT - The policy environment is becoming increasingly challenging for the Federal Reserve ahead of Wednesday's interest-rate decision, Allspring Global Investments' Rushabh Amin says in a note. "A firmer growth and inflation backdrop is coinciding with greater uncertainty around fiscal policy…
Descartes Systems said total revenue rose 15% year over year to $193.6 million and adjusted EBITDA increased 20% to a record $89.8 million. The company also highlighted AI investment plans and the IDELIC acquisition.
Culp said first-quarter bedding sales rose 13% despite one fewer selling week and difficult industry conditions. The company also said gross profit improved nearly 17% and it recognized about $7 million in tariff recoveries.
SailPoint reported second-quarter ARR of $1.231 billion, up 25% year over year, with SaaS ARR growing 36%. The company also guided Q3 ARR to $1.29 billion and revenue to $328 million.
InnovAge said fiscal 2026 adjusted EBITDA rose about 175% from fiscal 2025, with one-time legal accruals weighing on net income. It also guided fiscal 2027 revenue of $1.05 billion to $1.085 billion and adjusted EBITDA of $105 million to $115 million.