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Virtus AllianzGI Diversified Income & Convertible Fund

19.14

+0.34001.81%

Post-market: 19.140.00000.00%16:05 EDT

Volume:32.05K

Turnover:609.68K

Market Cap:196.66M

PE:11.26

High:19.20

Open:18.77

Low:18.77

Close:18.80

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Americas’ IT and Business Services Sector Grows by Double Digits in Q1, Despite Growing Uncertainty: ISG Index™

Europe’s Demand for IT, Business Services Accelerated in Q1, Despite Economic Uncertainty: ISG Index™

Global IT and Business Services Market Remained Resilient in Q1, Despite Heightened Economic Uncertainty: ISG Index™

Wall Street Analysts Are Bullish on Top Consumer Cyclical Picks

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Managed services down slightly, showing signs of pressure on discretionary spending. STAMFORD, Conn., April 15, 2025----Demand for IT and business services in the Americas rose by double digits in the first quarter, despite growing economic uncertainty, according to the latest state-of-the-industry report from Information Services Group  , a global AI-centered technology research and advisory firm.The Americas ISG Index, which measures commercial outsourcing contracts with annual contract value  of $5 million or more, shows first-quarter ACV for the combined market—including both managed services and cloud-based as-a-service —was $14.5 billion, up 19 percent from a year ago. Versus the fourth quarter of 2024, the combined market was down slightly .Within managed services, IT outsourcing  ACV rose 5 percent, to $3.8 billion, driven by strong growth in data center services and more moderate growth in application development","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/americas-business-services-sector-grows-130000438.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["LU2211817866.USD","ADM","BK4585","LU0385154629.USD","BK4134","BK4597","BK4588","ACV","BK4189","III","LU0471298777.SGD","LU1571399168.USD"],"gpt_icon":0},{"id":"2527902107","title":"Europe’s Demand for IT, Business Services Accelerated in Q1, Despite Economic Uncertainty: ISG Index™","url":"https://stock-news.laohu8.com/highlight/detail?id=2527902107","media":"Business Wire","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2527902107?lang=en_us&edition=fundamental","pubTime":"2025-04-14 16:00","pubTimestamp":1744617600,"startTime":"0","endTime":"0","summary":"Combined market up 23%, to record $9.1 billion, fueled by double-digit growth in managed services and XaaS. In the face of tariffs, market likely headed into period of increased volatility, ISG says. LONDON, April 14, 2025----Europe’s demand for IT and business services reaccelerated in the first quarter after pulling back at the end of last year amid economic uncertainty, according to the latest state-of-the-industry report from Information Services Group  , a leading global technology research and advisory firm.The EMEA ISG Index, which measures commercial outsourcing contracts with annual contract value  of US $5 million or more, shows ACV for the combined market  reached a record US $9.1 billion in the first quarter, up 23 percent versus the prior year, and up 9 percent sequentially from the fourth quarter. The rebound came after the combined market dipped to $8.4 billion in Q4 after generating more than US $9 billion in the previous quarter.By industry, managed services ACV was sh","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/europe-demand-business-services-accelerated-080000310.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["ADM","ACV","BK4189","LU0385154629.USD","LU0471298777.SGD","LU1571399168.USD","LU2211817866.USD","III","BK4597","BK4585","BK4588","BK4134"],"gpt_icon":0},{"id":"2526599789","title":"Global IT and Business Services Market Remained Resilient in Q1, Despite Heightened Economic Uncertainty: ISG Index™","url":"https://stock-news.laohu8.com/highlight/detail?id=2526599789","media":"Business Wire","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2526599789?lang=en_us&edition=fundamental","pubTime":"2025-04-10 22:12","pubTimestamp":1744294320,"startTime":"0","endTime":"0","summary":"Combined market ACV up 18% from the prior year, to record $28.8 billion. Record XaaS ACV up 30%, managed services ACV up 2%. Depending on duration of tariff uncertainty, ISG sees XaaS growth of 15%-18% and managed services growth of -2.4% to 1.3% in 2025. Data from the global ISG Index, which measures commercial outsourcing contracts with annual contract value  of $5 million or more, show first-quarter ACV for the combined global market  was up 18 percent year over year, to a record $28.8 billion. It was the seventh consecutive quarter of sequential growth for the combined market. Compared with the fourth quarter, the combined market was up 2 percent sequentially.The as-a-service  segment advanced 30 percent versus the prior year, to a record $18.4 billion, and was up 5 percent versus the fourth quarter. It was the fourth straight quarter XaaS grew by double digits year over year, even as Q1 growth slowed 290 basis points from the fourth quarter.The software-as-a-service  segment, mean","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/global-business-services-market-remained-141200357.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["BK4134","ACV","III"],"gpt_icon":0},{"id":"2526357398","title":"Wall Street Analysts Are Bullish on Top Consumer Cyclical Picks","url":"https://stock-news.laohu8.com/highlight/detail?id=2526357398","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2526357398?lang=en_us&edition=fundamental","pubTime":"2025-04-09 19:10","pubTimestamp":1744197008,"startTime":"0","endTime":"0","summary":"There’s a lot to be optimistic about in the Consumer Cyclical sector as 2 analysts just weighed in on BYD Co (BYDDF – Research Report) and ACV Auct...","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/blurbs/wall-street-analysts-are-bullish-on-top-consumer-cyclical-picks-83?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/blurbs/wall-street-analysts-are-bullish-on-top-consumer-cyclical-picks-83?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["ACV"],"gpt_icon":0}],"pageSize":4,"totalPage":41,"pageCount":1,"totalSize":161,"code":"91000000","status":"200"}],"@#url:\"https://hq.skytigris.cn/fundamental/corporate_actions/details/ACV\",params:#limit:5,,,undefined,":[{"date":"2025-06-12","symbol":"ACV","amount":0.18,"announcedDate":null,"type":"dividend","lastAmount":null,"market":"US","newRecordDate":"2025-06-12","defaultRemindTime":1749735000000,"name":"Virtus 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