Archives April 2026

CORRECTING and REPLACING Wipro Limited to Announce Results for the Fourth Quarter Ended March 31, 2026, on April 16, 2026

Business Wire India

CORRECTION… by Wipro Limited

 

In the release dated April 8, 2026, the time of the conference call is now 7:45 PM IST (instead of 7:00), and the deadline for questions is 7:15 PM IST (instead of 6:30).

 

The updated release reads:

 

WIPRO LIMITED TO ANNOUNCE RESULTS FOR THE FOURTH QUARTER ENDED MARCH 31, 2026, ON APRIL 16, 2026

 

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) a leading AI-powered technology services and consulting company, will announce results for the fourth quarter ended March 31, 2026, on Thursday, April 16, 2026, after stock market trading hours in India. The results will be available in the Investors section of the company’s website at www.wipro.com/investors/

 

At 7:45 PM IST* (10:15 AM US Eastern time) following the results announcement, the senior management will discuss the company’s performance for the quarter and answer questions sent by 7:15 PM IST* (9:45 AM US Eastern time) to: abhishek.jain2@wipro.com

 

The audio from the conference call will be available online through a webcast and can be accessed at https://links.ccwebcast.com/?EventId=WIP160426

 

Dial-in details for the conference call are as below

Time

7:45 PM – IST* (10:15 AM-ET#)

Click here for the diamond pass link

Diamond Pass™ is a Premium Service that enables you to connect to your conference call without having to wait for an operator. If you have a Diamond Pass™ click the above link to associate your pin and receive the access details for this conference, if you do not have a Diamond Pass™ please register through the link and you will receive your Diamond Pass™ for this conference.

Primary Access Toll Number

+91 22 6280 1120

+91 22 7115 8021

US Toll-Free Number

Singapore Toll-Free Number

1 866 746 2133

800 101 2045

UK Toll-Free Number

Hong Kong Toll-Free Number 

0 808 101 1573

800 964 448

No passcode Required

 

Please dial any of the above numbers five to ten minutes ahead of schedule. The operator will provide instructions on asking questions before and during the call.

 

The replay of the call will be available two hours after the end of the call on the following numbers. 

 

Call Playback Numbers:

 

 

Phone Number

Passcode/Conference ID

Replay Dates

India

+91 22 71945757

Access Code: 947765

16-Apr-26 to 23-Apr-26

Toll Free USA

+1 8332898317

Access Code: 947765

16-Apr-26 to 23-Apr-26

 

UST Launches UST Nimbus to Transform GCCs With Advisory-Led, Design-Driven Capabilities

Business Wire India

UST, a leading AI and technology transformation solutions company, has joined hands with Global Capability Center (GCC) advisory firm Evaaya to launch UST Nimbus, a design-led operating model that enables Global Capability Centers to move beyond execution and become Global Value Organizations. Under UST Nimbus, GCCs are designed from day one to drive innovation, digital transformation, and measurable business outcomes.

 

The launch of UST Nimbus comes as GCCs (Global Capability Centers) continue to evolve from cost-efficiency models into enterprise innovation hubs, meaning that organizations are under increasing pressure to reduce costs while accelerating innovation and retaining control of talent and intellectual property. This innovative new offering meets these needs by complementing UST’s strengths in engineering, AI, and execution at scale, allowing UST Nimbus to deliver a complete build–operate–scale approach.

 

While many GCC providers focus on accessing talent at scale or enabling infrastructure and setup, UST Nimbus builds a bespoke, practitioner-led, and design-driven model built by leaders who have run and scaled GCCs. By aligning the GCC’s unique identity and culture with the enterprise from day one, UST Nimbus creates hubs that enable high-performance teams, improve retention, and accelerate delivery outcomes.

 

Within UST Nimbus, the talent of each organization is treated as a key competitive advantage, using careful workforce planning and strong employer branding to attract and retain top talent for long-term success. Under this approach, innovation and expertise stay within the company, as GCCs build and keep intellectual property, data models, and platforms that reduce dependency on fragmented vendors while also accelerating product and platform development.

 

UST Nimbus’ talent-first approach is powered by practitioner-led design that is grounded in real-world GCC operating experience and AI-driven talent strategies to enable faster ramp-up and stronger engagement with employees. The result is a GCC that evolves into a magnet for critical skills and serves as a sustained engine for innovation and enterprise value.

 

“At UST, our first-hand experience scaling global teams gives us the insight required to solve critical issues and deliver sustainable transformation through a design-first, full-stack delivery model. UST Nimbus reflects a shift in how GCCs are built, transforming them from cost-saving centers to strategic engines of innovation, IP creation, and enterprise value. It brings together UST’s expertise in scaling global teams with a design-led, full-stack approach to building, operating, and continuously optimizing GCCs for long-term performance. With this model, organizations can move faster, retain critical capabilities, and continuously innovate at scale, delivering lasting value across the enterprise,” said Bharath Krishnaswamy, Senior Vice President, UST.

 

“UST and Evaaya are committed to leveraging our unique strengths to build resilient, innovation-driven GCC solutions that deliver lasting business value. While many GCC models prioritize setup and scale, our focus is on the factors which determine long-term success for the GCC, including operation, integration with the enterprise, and sustained value delivery. By shifting the focus to strategic alignment and value generation, this joint offering delivers measurable impact and empowers clients,” said Vaidyanathan Seshan, EVP and Founder, Evaaya.

Roof India 2026 to Spotlight Next-Gen Roofing, Sustainability and Steel-Led Construction in a Rapidly Expanding Infrastructure Market

Bengaluru, Apr 14: Informa Markets in India is gearing up to host the 23rd edition of Roof India, Asia’s premier exhibition for roofing and allied products, from 23–25 April 2026 at the Bangalore International Exhibition Centre (BIEC). The event, which alternates annually between Bangalore and Mumbai, will bring together key stakeholders from across the construction ecosystem, with a strong emphasis on sustainable, energy-efficient, and performance-driven roofing solutions.

As India’s construction sector continues to expand, there is a growing emphasis on building practices that prioritise environmental performance and long-term efficiency. With buildings accounting for up to 40% of emissions, the need for climate-responsive design, energy-efficient materials, and sustainable construction technologies has become increasingly critical. Roofing, in this context, is emerging as a key lever in improving energy efficiency, reducing heat gain, and enhancing overall building performance.

The Indian roofing market, estimated at approximately USD 8.6 billion in 2026 and projected to reach USD 11.7 billion by 2031 is witnessing a clear shift towards advanced materials such as insulated panels, cool roofing systems, solar-integrated roofing, and metal-based solutions that support sustainability goals while improving durability and lifecycle value.

Positioned as a focused B2B marketplace, Roof India 2026 will feature over 150 brands from India and overseas and is expected to attract more than 8,000 trade visitors, including architects, consultants, builders, contractors, engineers, and project owners. The exhibition will showcase a comprehensive range of solutions across roofing systems, cladding, pre-engineered buildings, waterproofing, insulation, and solar roofing technologies.

The platform aims to enable meaningful engagement between manufacturers, solution providers, and decision-makers, supporting the adoption of next-generation roofing systems aligned with green building standards and evolving regulatory requirements.

Commenting on the 23rd edition, Mr. Yogesh Mudras, Managing Director, Informa Markets in India, said:

“The Indian construction ecosystem is rapidly evolving towards faster, more efficient, and sustainable building practices. Pre-engineered buildings, for instance, are enabling up to 30–40% faster project execution, fundamentally changing how structures are designed and delivered. At the same time, there is a growing shift towards green roofing solutions, including cool roofs, solar-integrated systems, and advanced insulation that significantly improve energy efficiency and environmental performance. Emerging technologies such as 3D printing are further pushing the boundaries of design and construction innovation. Roofing today sits at the intersection of these trends, playing a far more strategic role in building performance and sustainability. Roof India 2026 is designed to bring together these advancements, enabling industry stakeholders to explore solutions that align with the future of construction.”

A key highlight of the event will be the Open Seminar & Business Meets, curated around the theme ‘Reshaping the Future of Steel Infrastructure & Pre-Engineered Buildings’. The knowledge series will feature keynote sessions, panel discussions, and technical presentations led by industry experts and organisations, with a strong emphasis on net-zero roofing, climate-responsive design, BIM integration, and sustainable insulation, along with advancements in construction technologies such as 3D printing.

The three-day agenda will also include industry-led sessions by leading companies and associations, a technical book launch on insulated sandwich panels for sustainable construction, and discussions on balancing cost, quality, sustainability, and key considerations shaping modern construction projects.

The exhibition will further spotlight the engineering precision behind modern roofing systems through close-up displays of structural components, fastening technologies, and installation techniques. From detailed material assemblies to real-world application setups, these showcases will offer deeper insights into how high-performance and sustainable roofing solutions are being implemented across projects.

Over the years, Roof India has established itself as a key platform for global and domestic brands to showcase innovation and access the Indian market. By bringing together the entire value chain under one roof, the exhibition continues to support the transition towards more sustainable and future-ready construction practices.

The expo is endorsed by prominent organizations such as AESA (Architects Engineers & Surveyors Association), PSI (Pre-Engineered Structures Society of India), CFI (Construction Federation of India), WAI (Waterproofers Association of India), and IBIMA (India Building Information Modelling Association). Notable exhibitors and brands participating include Aerolam Insulation Pvt Ltd, APL Apollo Building Product Private Limited, Asons Enterprise, Colorshine Coated Pvt Ltd, Deepak Fasteners Limited, Dmmet Group, EPACK Prefab Technologies Limited, Mount Roofing & Structures Private Limited, OFIC Building Materials India Pvt. Ltd., Polyvantis, Rhino Rock Solid Insulation, Saint Gobain India Private Limited, and Shibam Ventures & Building Materials (P) Ltd.

Ahana Announces RBI Reporting Solution for Co-operative Banks Using Its Proprietary Data Model

Business Wire India

Ahana today announced a solution-led initiative for co-operative banks, built on Ahana’s Data Management Solution platform and delivered through the Data Model designed by Ahana, a business solution purpose-built for co-operative banks to simplify RBI reporting in environments where data resides across core banking, treasury, and digital channels. Reporting cycles still rely heavily on extraction, validation, reconciliation, and spreadsheet-driven workflows.

 

Adapting to the Evolving RBI Reporting Landscape for Co-operative Banks

 

Co-operative banks often manage reporting data across multiple systems and departments, leading to reconciliation overhead and inconsistent reporting outcomes. Common conditions include disconnected core banking, treasury, and digital systems; RBI reporting that takes days per cycle; higher error rates due to manual consolidation; and difficulty producing a unified customer view.

 

Audit readiness adds complexity. In many environments, audit data is distributed across departmental systems without a historical data retention strategy, and reports are manually created from on-premises backups, increasing turnaround time and contributing to repeated audit delays.

 

The same operating conditions will require substantial manual effort, with approximately 30 to 40 personnel across functions such as Credit Monitoring, Accounts, Treasury, and Forex involved in data extraction, validation, and consolidation for MIS and reporting.

 

A governed RBI reporting solution for co-operative banks and audits

 

Data Model designed by Ahana is being used to deliver a regulated reporting framework for co-operative banks, focused on simplifying RBI reporting where reporting cycles depend on manual consolidation. The solution establishes a governed reporting foundation that consolidates data, standardizes processing, and supports RBI and MIS reporting workflows through structured pipelines and analytics-driven consumption.

 

Vivek Hegde, Founder Director and CEO, Ahana, said: “Co-operative banks are under increasing pressure to deliver accurate RBI reporting on tighter timelines, even while data remains distributed across core banking, treasury, and digital channels. With the Data Model, designed by Ahana, we are helping banks reduce manual effort, improve audit readiness through traceable lineage and historical records, and move toward faster, more consistent regulatory reporting cycles.”

From an implementation standpoint, the approach focuses on standardizing ingestion, orchestration, and report-ready data structures to reduce manual consolidation.

 

Srinath C V, Head- Automation and AI Initiatives, Ahana, said: “For regulated reporting, automation needs controlled pipelines and consistent definitions across cycles. By standardizing ingestion, orchestration, and the STG, CDR, and MART structure, banks can reduce dependency on spreadsheet-driven workflows and make reporting more repeatable.”

 

Outcomes that co-operative banks can expect

 

The solution is positioned to support measurable outcomes, including faster RBI reporting cycles moving toward reports generated in hours instead of days, reduced manual effort and error exposure through standardized processing and reduced dependency on spreadsheet-based workflows, and improved audit readiness supported by traceable data lineage and historical records for regulatory review.

 

Ahana noted that delivery emphasis is on operational controls that support consistent reporting cycles and audit readiness.

 

Chidananda Murthy, Head-Presales, Ahana, said: “The priority is to make reporting dependable in day-to-day operations. That means there should be clear controls around data quality and audit evidence, historical records supported by traceable lineage. This reduces redevelopment and massaging of reports. This will greatly reduce the pressure on MIS team to commit the timelines for report submission.

 

It also supports a scalable KPI operating model, including measures such as on-time submission rate, data quality score, report preparation time, and manual adjustments per report, tracked on a defined cadence. The approach is intended to support a single source of truth for reporting and audit needs and minimize discrepancies across systems.

 

To learn more about how the Data Model simplifies RBI reporting for co-operative banks. Usecase | Whitepaper

SKF India flags off ‘Meet The World’- Road to Gothia Cup 2026 in partnership with Special Olympics Bharat

Apr 14: SKF India Industrial, world’s leading global technology and engineering solutions provider, has once again partnered with Special Olympics Bharat to kick off the ‘Meet The World- Road to Gothia Cup 2026’, national football tournament, starting from April 7-10, 2026, at CDS, Gwalior, bringing together young athletes with diverse cognitive abilities from across the country.

SKF India flags off ‘Meet The World’- Road to Gothia Cup 2026 in partnership with Special Olympics Bharat

The tournament marks the beginning of India’s selection journey to the Gothia Cup- renowned globally as the ‘World Youth Cup’ and the largest, most inclusive youth football tournament. Held annually in Gothenburg, Sweden, it provides a global arena for young athletes, including those with intellectual disabilities, to pursue their football dreams, connect, and make memories.

The opening ceremony marked the presence of Mr. Dipankar Banerjee, Board Member, Special Olympics Bharat & Area Director, Special Olympics Bharat – Madhya Pradesh, along with state representatives, Shashi Shetty, Head – Sustainability & CSR (India, Southeast Asia & Middle East), and other representatives from SKF India (Industrial).

This year, over 150 athletes from 16 states are participating, competing for a place in the national squad. Following the tournament, 25 athletes will be shortlisted for national training camps from May to July, leading to the final team selection for Sweden.

Dr. Mallika Nadda, President, Special Olympics Bharat & Chairperson, Special Olympics Asia Pacific Advisory Council, said,

“The return of the ‘Meet the World’ Tournament reflects the strong and inclusive ecosystem being continuously nurtured by Special Olympics Bharat. Sport plays a transformative role in the lives of our athletes—enhancing their health, confidence, education, and leadership—while platforms like these ensure they compete with dignity and are recognized for their abilities.

We extend our sincere gratitude to SKF for their steadfast support. Their commitment truly embodies the spirit of ‘Each One Reach One.’ With impactful initiatives like the Gothia Cup already embraced, we look forward to many more international opportunities that will enable our athletes to gain global exposure and experience.

We wish all participating states and athletes the very best as they step onto the field, celebrate inclusion, and continue to inspire through their journey.”

Mukund Vasudevan, MD, SKF India (Industrial) Limited and President – India, Southeast Asia and Middle East, said,

“The ‘Gothia Cup’ is the world’s largest annual youth football tournament held in Sweden, featuring thousands of global teams, while ‘Meet the World’ is a pre-tournament initiative that offers underprivileged teams a chance to qualify for the main event. Through SKF’s long association with Gothia Cup and the Meet the World, we are proud to enable young athletes from across the world to move from grassroots participation to global representation. SKF India (Industrial), with Special Olympics Bharath is kick-starting this journey in India with National Level Football Championship in Gwalior among qualified teams. The winning team will be sent to represent India at the Gothia Cup. This initiative shows SKF’s commitment to not just sports but also sports as a medium to enable inclusion, opportunity, and global collaboration”.

The Gothia Cup, with the Special Olympics Trophy category, was established in 2011, providing a vital international platform for athletes with diverse cognitive abilities.

Launched in 2007, Meet the World’ is SKF’s global CSR and youth development initiative- serving as a pre-tournament to the Gothia Cup, held across 20+ countries where SKF operates. Over the years, it has emerged as a strong testament to the power of collaboration between government, corporates, and sports federations in creating inclusive opportunities at scale.

Foundever® Appoints Siva Voolapalli as New General Manager & Country Head for India to Drive Strategic Growth and Innovation

Business Wire India

Foundever®, the next-generation service leader reinventing customer experience (CX), announced today that Siva Voolapalli has joined the strategic CX partner as General Manager & Country Head for India. In this pivotal role, Siva leads the company’s India operations, further strengthening the country’s position as a strategic delivery, innovation and talent hub within the company’s global footprint.

 

“India plays a critical role in Foundever’s global strategy,” said COO Michelle Parks. “Siva brings deep expertise in global CX operations, transformation and leadership development. His strategic mindset and people-first approach make him the right leader to accelerate our growth and strengthen India’s contribution to our global clients. Our brand is built on keeping promises in the moments that matter most to our clients and their customers. With Siva at the helm in India, we are confident in our ability to deliver operational excellence, foster innovation, and create meaningful momentum for our clients. Siva’s leadership will be instrumental as we continue to evolve our India operations into a powerhouse of talent and transformation within our global ecosystem.”

 

 

Siva joins Foundever with over 28 years of extensive experience in IT services, global CX, digital operations and technology-led transformation, shared services and large-scale operations. He brings a proven track record of building high-performing teams and delivering measurable business outcomes across geographies.

 

 

“I’m honored to join Foundever at such a pivotal time for the company and the CX industry,” said Siva. “India’s talent, innovation and scale are key to driving the next phase of our growth. I look forward to working closely with our teams and global leadership to build on our strengths, accelerate digital transformation and create meaningful outcomes for our clients and their customers. Together, we will continue to position India at the heart of our to deliver people-led, technology-enabled experiences that help the world’s best brands keep their promises, every day.”

 

 

Siva’s appointment highlights Foundever’s commitment to investing in leadership and future-ready talent, harnessing India’s unique strengths to fulfill brand promises and drive value for clients worldwide.

 

 

Learn more about Foundever at foundever.com.

 

 

About Foundever®

 

 

Foundever® is the next-generation service leader reinventing customer experience (CX). Our 150,000 people working across +45 countries partner with industry-leading brands to deliver integrated CX, digital operations and data solutions.

 

 

Each year we power 3.3 billion conversations in +60 languages to help more than 800 of the world’s top brands keep their promise in the moments that matter most. We simplify the complex CX landscape with scalable solutions that deliver seamless human experiences and solve real business and industry challenges. Using our people-led, technology-enabled and data-powered approach, we optimize and transform the customer and agent experience – changing the way things are done.

 

 

Get to know us at foundever.com and connect with us on LinkedIn, Facebook, YouTube and Instagram.

 

 

 

 

 

University of Aberdeen Mumbai Sets Up Industry, Alumni Advisory Boards Ahead of India Campus Opening

Business Wire India

The University of Aberdeen’s Mumbai campus has announced the establishment of its Industry Advisory Board (IAB), a strategic initiative aimed at strengthening industry integration and ensuring that academic programmes remain closely aligned with evolving industry needs.

The Industry Advisory Board will bring together senior industry leaders who will provide strategic guidance on curriculum development, employability initiatives, and collaboration across research and innovation. Members will also enable industry engagement through guest lectures, workshops, mentoring, and pathways for internships and graduate recruitment.

Complementing this, the Alumni Advisory Board will leverage the University of Aberdeen’s global alumni network to bring in practitioner-led perspectives across geographies and sectors. Alumni members will contribute to mentoring, career guidance, global mobility pathways, and strengthening employer linkages, while also supporting the University’s positioning within international talent ecosystems.

Professor Rahul Choudaha, Chief Operating Officer, University of Aberdeen, said, “The future of higher education lies in deep, sustained collaboration between academia, industry, and alumni ecosystems. At the University of Aberdeen Mumbai, we are building an institution that is globally connected and industry-integrated from day one. Our Industry and Alumni Advisory Boards will play a critical role in shaping a future-focused learning environment, bridging classroom learning with real-world application and ensuring students graduate with the skills, exposure, and global perspectives needed to succeed in an increasingly complex world.”

The formation of the Boards comes as the University prepares to launch its Mumbai campus in Powai in September 2026, marking a significant step in expanding the University of Aberdeen’s global presence and deepening its engagement with India’s fast-growing innovation and business ecosystem.

The dual Boards will play an advisory role by leveraging their professional expertise to enhance the industry relevance of the University’s academic programmes. Members will offer insights into emerging sector trends and evolving skill requirements, supporting the integration of experiential learning opportunities such as internships, research, and mentorship into the academic experience. They will also advise on opportunities for collaboration, partnerships, and knowledge exchange, helping connect academic work with real-world applications through industry and alumni engagement.

Both the Industry Advisory Board and Alumni Advisory Board will comprise industry leaders representing diverse sectors, geographies and ensuring a broad range of perspectives and expertise. Members will be appointed for a two-year term and will meet periodically throughout the academic year to provide strategic recommendations.

Through this initiative, the University of Aberdeen Mumbai aims to build a strong ecosystem of collaboration between academia and industry, ensuring that its programmes remain globally competitive while preparing students with the skills, knowledge, and professional exposure required for future careers.

Detailed advisory board member names are listed below:

Industry Advisory Board Members

Alumni Advisory Board Members

Optomec Launches Aerosol Jet Education Platform to Train Next-Generation Engineers

Business Wire India

Optomec, a global leader in additive‑manufacturing hardware and software, today launched the Aerosol Jet Education Platform, a turnkey learning solution that brings hands‑on printed‑electronics and advanced 3D manufacturing training to universities and technical institutes.

 

Built on Optomec’s patented Aerosol Jet fine‑feature printing technology, the platform combines purpose‑built hardware, intuitive HMI (human-machine interface) software, and a structured curriculum to bridge academic instruction and industrial workforce needs. The cost‑effective, scalable system enables students to design, optimize, and validate additive‑manufacturing processes to industry standards.

 

 

Each system ships with Module One, a set of pre‑programmed toolpaths and instructor‑guided labs that deliver 10 hands‑on analog electronic outcomes and post‑process validation techniques. The modular Lab Library enables progressive learning through topics such as conductive trace printing, passive component fabrication, strain‑gauge calibration, antenna design, and multilayer circuit manufacture, with integrated lessons on materials science and process optimization. Additional modules—available via software activation—unlock advanced material capabilities, an automated toolpath generator, and graduate‑level curriculum for expanded research and training applications with expanded functionality leveraging the current platform.

 

 

Backed by Optomec’s decades of industrial expertise and more than 700 systems deployed to 200+ customers worldwide—including GE, NASA, and Lockheed Martin—the Aerosol Jet Education Platform delivers industry‑aligned training that helps institutions build scalable programs preparing students for careers in electronics, aerospace, and life sciences.

 

 

“Optomec’s Aerosol Jet Education Platform closes the gap between academic theory and industrial practice, giving students real experience with the tools and workflows used in modern electronics manufacturing,” said Robert Yusin – President/CEO, Optomec.

 

 

“Partnering with Optomec lets us offer hands‑on printed‑electronics training that directly supports student readiness for high‑tech jobs and research,” said Liu Ziqiang, GM and CEO of YUNS Technology.

 

 

For more information, demonstration requests, or academic licensing inquiries, please visit www.optomec.com.

 

 

About Optomec

 

 

Optomec is a global provider of additive‑manufacturing hardware and software, specializing in printed electronics and 3D manufacturing solutions for industry and research.

 

 

 

 

 

Omdia: China Smartphone Shipments Fell 1% in First Quarter of 2026 as Rising Costs Pushed Up Device Prices

Business Wire India

According to Omdia’s latest research, Mainland China’s smartphone market declined by 1% year on year in 1Q 2026, with shipments reaching 69.8 million units. In 1Q 2026, rising component costs, particularly for memory, prompted major vendors to increase product prices, further extending the market’s downward trajectory. Huawei ranked first with shipments of 13.9 million units, capturing a 20% market share and maintaining strong momentum. Apple followed in second place with 13.1 million units and a 19% share. OPPO, in its first quarter following realme’s reintegration, shipped 11.0 million units to rank among the top three vendors. vivo recorded 10.5 million units, ranking fourth, while Xiaomi placed fifth with shipments of 8.7 million units.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260413266424/en/

 

 

Mainland China smartphone market shipment, 1Q23 to 1Q26

Mainland China smartphone market shipment, 1Q23 to 1Q26

 

“To balance volume, revenue, and profitability against rising memory prices, several major vendors, including Xiaomi, HONOR, OPPO, and vivo, raised retail prices on select models by 10–30% in the first quarter,” said Hayden Hou, Principal Analyst at Omdia. “This had a clear and negative impact on consumer purchasing sentiment. Huawei and Apple took the opposite approach. Both largely avoided broad price hikes, using cost pressures as a chance to capture market share. That strategy made their products more appealing to consumers and fueled stronger Q1 results.”

 

Lucas Zhong, Senior Analyst at Omdia, added: “Meaningful innovation in flagship and foldable devices is expected to help stabilize overall demand. Advances such as the LOFIC image sensor in Xiaomi’s 17 Ultra series, the near crease-free design of OPPO’s Find N6, and the lightweight design combined with a high-capacity battery in HONOR’s Magic V6 highlight how improvements in peripheral specifications will remain a key theme in product iteration this year. At the same time, AI agent capabilities will be a major focus for leading vendors at the software level. Smartphones remain the ideal platform for AI agents, and for vendors, breakthroughs in AI functionality represent a critical pathway forward. Vendors that can deliver differentiated and practical AI agent experiences will be better positioned to enhance brand perception and establish new strategic advantages.”

 

 

“In Q1 2026, the combined market share of the top six vendors – Huawei, Apple, Xiaomi, OPPO, vivo, and HONOR – reached 94%,” Hayden Hou added. “Top vendors hold advantages in supply chains, R&D, OS and services, ecosystems, and distribution. Yet market dynamics demand constant vigilance. Memory volatility and AI’s trajectory will structurally alter the competitive landscape. As rising memory costs continue to bite, Omdia projects that China’s smartphone market will shrink by 10% in 2026.”

 

 

Mainland China’s smartphone shipment and annual growth
Omdia Smartphone Market Pulse: 1Q26

Vendor

1Q26
shipments
(million)

1Q26
market
share
 

1Q25
shipments
(million)

1Q25
market
share
 

Annual
growth

Huawei

13.9

20%

13.0

18%

7%

Apple

13.1

19%

9.2

13%

42%

OPPO

11.0

16%

11.3

16%

-3%

vivo

10.5

15%

10.4

15%

0%

Xiaomi

8.7

12%

13.3

19%

-35%

Others

12.7

18%

13.6

19%

-7%

Total

69.8

100%

70.9

100%

-1%

 

 

 

Note: Huawei excludes HONOR since 1Q21. OPPO includes OnePlus and realme. vivo includes iQOO.

 

Percentages may not add up to 100% due to rounding.

 

Source: Omdia Smartphone Horizon Service (sell-in shipments), April 2026

 

 

 

ABOUT OMDIA

 

Omdia, part of TechTarget, Inc. d/b/a Informa TechTarget (Nasdaq: TTGT), is a technology research and advisory group. Our deep knowledge of tech markets grounded in real conversations with industry leaders and hundreds of thousands of data points, make our market intelligence our clients’ strategic advantage. From R&D to ROI, we identify the greatest opportunities and move the industry forward.

 

 

 

 

 

Rimini Street to Report First Quarter 2026 Financial Results on April 30, 2026

Business Wire India

Rimini Street, Inc. (Nasdaq: RMNI), the Software Support and Agentic AI ERP Company™, and the leading third-party support provider for Oracle, SAP and VMware software, today announced it will report earnings after market close on April 30, 2026. The company will host a conference call and webcast on that date to discuss the first quarter 2026 results and the 2026 outlook at 5:00 p.m. Eastern / 2:00 p.m. Pacific time.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260413394339/en/

 

 

Rimini Street to Report First Quarter 2026 Financial Results on April 30, 2026

Rimini Street to Report First Quarter 2026 Financial Results on April 30, 2026

 

A live webcast of the event will be available on Rimini Street’s Investor Relations site via the Rimini Street IR events link and directly via the webcast link. Dial-in participants can access the conference by dialing 1-800-836-8184.

 

A replay of the webcast will be available for one year following the event.

 

 

About Rimini Street, Inc.

 

 

Rimini Street, Inc. (Nasdaq: RMNI), a Russell 2000® Company, is a proven, trusted global provider of end-to-end, mission-critical enterprise software support, managed services and innovative Agentic AI ERP solutions and is the leading third-party support provider for Oracle, SAP and VMware software. The Company has signed thousands of IT service contracts with Fortune Global 100, Fortune 500, midmarket, public sector and government organizations who have leveraged the Rimini Smart Path™ methodology to achieve better operational outcomes, billions of US dollars in savings and fund AI and other innovation.

 

 

To learn more, please visit www.riministreet.com, and connect with Rimini Street on X, Facebook, Instagram, and LinkedIn.

 

 

Forward-Looking Statements

 

 

Certain statements included in this communication are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “anticipate,” “assume,” “believe,” “budget,” “continue,” “could,” “currently,” “estimate,” “expect,” “forecast,” “future,” “intend,” “may,” “might,” “outlook,” “plan,” “possible,” “goal,” “potential,” “predict,” “project,” “reflect,” “results,” “seem,” “seek,” “should,” “will,” “would” and other similar words, phrases or expressions. These forward-looking statements include, but are not limited to, statements regarding our expectations of future events, future opportunities, global expansion and other growth initiatives and our investments in such initiatives. These statements are based on various assumptions and on the current expectations of management and are not predictions of actual performance, nor are these statements of historical facts. These statements are subject to a number of risks and uncertainties regarding Rimini Street’s business, and actual results may differ materially. These risks and uncertainties include, but are not limited to our ability to attract new clients or retain and/or sell additional products or services to existing clients; our ability to achieve and maintain an adequate rate of revenue growth; cost of revenue, including changes in costs associated with our efforts to grow and the results of any efforts to manage costs to align with current revenue expectations and the expansion of our offerings; the effects of increased intense competition in our industry and our ability to compete effectively; our ability to successfully educate the market regarding the advantages of our support and managed services for enterprise resource planning (ERP) software and to sell the products and services comprising our “Rimini Smart Path™” solutions portfolio, including but not limited to our Agentic AI ERP solutions; our intentions with respect to our pricing model and expectations of client savings relative to use of other providers; the evolution of the ERP software management and support landscape facing our clients and prospects; estimates of our total addressable market; the effects of seasonal trends on our results of operations, including the contract renewal cycles for vendor-supplied software support and managed services; the effects of the efforts of enterprise software vendors to sell upgrades or migrations to cloud-based versions of their enterprise software on our results of operations; our ability to scale our operations quickly enough to meet our clients’ changing needs or decrease our costs adequately in response to changing client demand; risks arising from incorporating artificial intelligence (“AI”) technologies into our products or services or any deficiencies associated with AI technologies used by us or by our third-party vendors and service providers; our ability to maintain, protect, and enhance our brand; the continuing impact of and our ability to comply with the terms of our July 2025 settlement agreement with Oracle; our wind down of support services for Oracle PeopleSoft software products and the impact on future period revenue and costs incurred related to these efforts; the loss of one or more members of our management team and our ability to attract and retain additional qualified technical, sales and marketing personnel; our ability to expand our marketing and sales capabilities; our ability to avoid interruptions to, or degraded performance of, our services and the impact of any such interruptions or performance problems on our operations; our ability to defend against cybersecurity threats and to comply with data protection and privacy regulations; our expectations regarding new product offerings, innovation solutions, partnerships and alliance programs and our ability to develop and maintain strategic partnerships; our ability to expand internationally and the risks associated with global operations; the impact of macro-economic trends, including inflation and changes in foreign exchange rates, as well as general financial, economic, regulatory and political conditions affecting the industry in which we operate and the industries in which our clients operate; our ability to generate significant capital through our operations or to raise additional capital necessary to fund and expand our operations and invest in new services and products; our business plan and our ability to effectively secure and manage our growth and associated investments; risks relating to retention rates, including our ability to accurately predict retention rates; our ability to protect our intellectual property; our ability to maintain an effective system of internal control over financial reporting; changes in laws or regulations, including tax laws or unfavorable outcomes of tax positions we take; tariff costs, including those imposed by the United States government and the potential for retaliatory trade measures by affected countries; our ability to realize benefits from our net operating losses; any negative impact of environmental, social and governance (“ESG”) matters on our reputation or business and the exposure of our business to additional costs or risks from our reporting on such matters; our credit facility’s ongoing debt service obligations and financial and operational covenants on our business and related interest rate risk; the sufficiency of our cash and cash equivalents to meet our liquidity requirements; the volatility of our stock price; the amount and timing of repurchases, if any, under our stock repurchase program and our ability to enhance stockholder value through such program; our ability to maintain our good standing with the United States government and international governments and capture new contracts with governmental entities/agencies; the occurrence of catastrophic events that may disrupt our business or that of our current and prospective clients; future acquisitions of, or investments in, complementary companies, products, subscriptions or technologies; and those discussed under the heading “Risk Factors” in Rimini Street’s Annual Report on Form 10-K filed on February 19, 2026, and as updated from time to time by Rimini Street’s future Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other filings by Rimini Street with the U.S. Securities and Exchange Commission. In addition, forward-looking statements provide Rimini Street’s expectations, plans or forecasts of future events and views as of the date of this communication. Rimini Street anticipates that subsequent events and developments will cause Rimini Street’s assessments to change. However, while Rimini Street may elect to update these forward-looking statements at some point in the future, Rimini Street specifically disclaims any obligation to do so, except as required by law. These forward-looking statements should not be relied upon as representing Rimini Street’s assessments as of any date subsequent to the date of this communication.

 

 

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