Canaccord Genuity Group Inc. · TSX:CF
Canaccord Genuity — Digital Transformation Services Summit 2026
44 slides from Canaccord Genuity's conference presentation, May 7, 2026
Slide 1: Digital Transformation Services Summit Highlights
Digital Transformation Services Summit Highlights New York City May 7, 2026 1 Driven by your success.
Slide 2: Digital Transformation Services Summit Discussion Panels
Digital Transformation Services Summit New York City – May 7, 2026 Discussion Panels Canaccord Genuity Equity Research on AI: Opportunities, Competition, and Constraints Host Mike Graham, CFA Kingsley Crane George Gianarikas Luke Morison, CFA Managing Director & Director of Managing Director & Manag
Slide 3: Summit Wrap-Up: Key Thematic Takeaways
Summit Wrap-Up: Key Thematic Takeaways Digital Transformation Services Summit | New York City, May 7, 2026 Cross-Panel Summary 1 We're early – the largest services wave is still ahead • An unprecedented, largely self-funded hyperscaler buildout (~$768B of capex in 2026E, +67% YoY) is laying infrastr
Slide 4: Canaccord Genuity Equity Research on AI: Opportunities, Competition, and Constraints
Canaccord Genuity Equity Research on AI: Opportunities, Competition, and Constraints 4 Driven by your success.
Slide 5: Canaccord Genuity Equity Research on AI: Speakers
Canaccord Genuity Equity Research on AI Opportunities, Competition, and Constraints Speakers Mike Graham, CFA Michael Graham is a managing director and director of research & investment strategy in the US Research department where he focuses on promoting and enabling thought leadership by our fundam
Slide 6: How is AI shaping the things that you're looking at every day?
Canaccord Genuity Equity Research on AI Opportunities, Competition, and Constraints Discussion Highlights Q: How is AI shaping the things that you're looking at every day? Luke Morison In my coverage, especially on the IT services side, it's mostly behind the scenes. It's a lot of coding tools. It i
Slide 7: Discussion Highlights: CapEx cycle
Canaccord Genuity Equity Research on AI Opportunities, Competition, and Constraints Discussion Highlights Mike Graham Let’s talk about the CapEx cycle that goes along with this long-term hype cycle. Last year, the main hyperscalers spent about $460 billion on CapEx, which grew 69% from 2024. They're
Slide 8: Infrastructure to applications – how do you see this unfolding?
Canaccord Genuity Equity Research on AI Opportunities, Competition, and Constraints Discussion Highlights Q: Infrastructure to applications – how do you see this unfolding? Luke Morison If you look back in time at other cycles – mainframe, client server, internet, the evolution to the cloud – there
Slide 9: What are your thoughts around making processes more efficient?
Canaccord Genuity Equity Research on AI Opportunities, Competition, and Constraints Discussion Highlights Q: What are your thoughts around making processes more efficient? Kingsley Crane I definitely think we are already seeing that power efficiency can improve. Neoclouds have a vested interest in c
Slide 10: What Is AI, and Where Are We in the Cycle?
Canaccord Genuity Equity Research on AI Opportunities, Competition, and Constraints Supporting Materials What Is AI, and Where Are We in the Cycle? A look at where AI sits relative to prior technology waves Source: Canaccord Genuity Equity Research 10 Driven by your success.
Slide 11: Follow the Money: Capex and Cost Curves
Canaccord Genuity Equity Research on AI Opportunities, Competition, and Constraints Supporting Materials Follow the Money: Capex and Cost Curves $700B+ in hyperscaler capex this year – but inference costs are falling 10x annually Hyperscaler Spend AWS Google Cloud Microsoft Azure Meta Other $1000B $
Slide 12: From Infrastructure to Applications
Canaccord Genuity Equity Research on AI Opportunities, Competition, and Constraints Supporting Materials From Infrastructure to Applications What the shift from infrastructure to applications means for digital engineering and software development Compute & Silicon Models & Platforms AI-Native Apps E
Slide 13: Something's Gotta Give
Canaccord Genuity Equity Research on AI Opportunities, Competition, and Constraints Supporting Materials Something’s Gotta Give Three constraint vectors on the AI buildout Power Capital Hardware • AI datacenter demand scaling ~1 • Hyperscalers now among top 10 • GPU supply remains constrained GW to
Slide 14: Digital Consulting in the Agentic Era: Unlocking New Business Models
Digital Consulting in the Agentic Era: Unlocking New Business Models 14 Driven by your success.
Slide 15: Digital Consulting in the Agentic Era: Speakers
Digital Consulting in the Agentic Era Unlocking New Business Models Speakers J.P. Michaud J.P. Michaud joined Canaccord Genuity through the acquisition of Petsky Prunier. He serves as a managing director in the firm’s Charlotte, Managing Director North Carolina office. J.P.’s investment banking cove
Slide 16: How is the business model changing?
Digital Consulting in the Agentic Era Unlocking New Business Models Discussion Highlights Q: The number one question we get from a lot of you folks in the room these days is how is the business model changing? Before we jump into the business model itself, one thing I'll share is expectations have i
Slide 17: Engineers adopting AI tools
Digital Consulting in the Agentic Era Unlocking New Business Models Discussion Highlights Q: With the engineers currently in your organizations, what are you seeing in terms of them adopting tools or wanting to get out in front of? How do you see that changing in the future? If you hire the right en
Slide 18: Verticality in the AI era
Digital Consulting in the Agentic Era Unlocking New Business Models Discussion Highlights Q: We are starting to see a lot of buyers and investors ask about verticality, and it seems like that is only going to become more critical in the AI era. What are your thoughts? It's not a question of vertical
Slide 19: Hyperscaler investment in consulting partners
Digital Consulting in the Agentic Era Unlocking New Business Models Discussion Highlights Q: There's a question around what is a hyperscaler like Google doing putting $750 million into their consulting partners to help them go kickstart more of these pilots. The concept of a software ISV giving part
Slide 20: Moving with the Market: Software Ecosystem Partnerships in an Evolving World
Moving with the Market: Software Ecosystem Partnerships in an Evolving World 20 Driven by your success.
Slide 21: Moving with the Market: Speakers
Moving with the Market Software Ecosystem Partnerships in an Evolving World Speakers Ben Lunka Ben Lunka serves as a managing director in the firm’s Charlotte, North Carolina office. Ben’s investment banking coverage focuses on technology-enabled business services, IT services, digital transformatio
Slide 22: State of the current software ecosystem
Moving with the Market Software Ecosystem Partnerships in an Evolving World Discussion Highlights Q: We're going to hit a series of several different themes: State of the current software ecosystem, how agentic AI is re-architecting and reshaping partner economics and go-to-market motion, M&A and ca
Slide 23: ISV, boutique and global systems integrator partners
Moving with the Market Software Ecosystem Partnerships in an Evolving World Discussion Highlights Q: Recognizing there are different forms of partners inside of these organizations – you have ISVs, who are doing innovation work around the tech side, boutique systems integrators, and the global syste
Slide 24: Agentic AI and partner ecosystems
Moving with the Market Software Ecosystem Partnerships in an Evolving World Discussion Highlights Q: Switching gears a little bit to talk through agentic AI and how that's impacting the ecosystems you guys operate within. When you look across the portfolio of investments, Anthropic and other applied
Slide 25: Conversations with global systems integrators
Moving with the Market Software Ecosystem Partnerships in an Evolving World Discussion Highlights Q: When you're sitting down with some of the top five, top ten global systems integrators, what does that conversation look like today, and what’s different from what it might have looked like three yea
Slide 26: Outcome-based pricing and partners
Moving with the Market Software Ecosystem Partnerships in an Evolving World Discussion Highlights Q: While the promise of AI is to bring efficiency and productivity gains to the table, we may still not be seeing outcomes driven and delivered for clients, which is where the services opportunity reall
Slide 27: Driving exit value for services providers
Moving with the Market Software Ecosystem Partnerships in an Evolving World Discussion Highlights Q: If you're a $20 million to $200 million revenue services provider associated with one of your ecosystems, what's the biggest thing that you would encourage them to really lean into to ultimately driv
Slide 28: The Global M&A Landscape: Global Strategics Weigh in on Market Dynamics and AI Impact
The Global M&A Landscape: Global Strategics Weigh in on Market Dynamics and AI Impact 28 Driven by your success.
Slide 29: The Global M&A Landscape: Speakers
The Global M&A Landscape Global Strategics Weigh in on Market Dynamics and AI Impact Speakers Sanjay Chadda Managing Director, Co-Head Sanjay Chadda joined Canaccord Genuity through the acquisition of Petsky Prunier and heads one of the most active investment banking of US IB & Head of Technology, p
Slide 30: How does AI compare to prior technology changes?
The Global M&A Landscape Global Strategics Weigh in on Market Dynamics and AI Impact Discussion Highlights Q: How does AI compare to prior changes you've seen in technology services like cloud, offshoring, and digital transformation? Offshoring started a few decades ago, and we're still living it, a
Slide 31: Experimentation phase or meaningful change?
The Global M&A Landscape Global Strategics Weigh in on Market Dynamics and AI Impact Discussion Highlights Q: Do you think we're in the experimentation phase still, or have we actually seen meaningful changes in the last six to 12 months? We're probably in the early stages right now, although it fee
Slide 32: AI driving efficiency, revenue growth, or both
The Global M&A Landscape Global Strategics Weigh in on Market Dynamics and AI Impact Discussion Highlights Q: Are you seeing AI driving efficiency, revenue growth, or both across your different business lines? I think it's very much both. Within Accenture Song, producing both marketing campaigns and
Slide 33: AI budgets and adoption leaders
The Global M&A Landscape Global Strategics Weigh in on Market Dynamics and AI Impact Discussion Highlights Q: Are AI budgets incremental or are they actually replacing spend? Who do you see leading the AI adoption within enterprises, which groups and which titles? In general, I think customers are f
Slide 34: Buy versus build decisioning
The Global M&A Landscape Global Strategics Weigh in on Market Dynamics and AI Impact Discussion Highlights Q: How do you approach the buy versus build decisioning internally? How does the process work? We are evolving how we deploy our venture fund, focusing on more mature companies with proven ente
Slide 35: Premium valuation for AI-native businesses
The Global M&A Landscape Global Strategics Weigh in on Market Dynamics and AI Impact Discussion Highlights Q: Are you seeing a premium valuation for businesses that are AI native? There is clear differentiation in the market. It's going to be hard to underwrite deals where there's not a clear and su
Slide 36: AI and consolidation in IT services
The Global M&A Landscape Global Strategics Weigh in on Market Dynamics and AI Impact Discussion Highlights Q: Do you think the evolution of AI is going to drive more consolidation within IT services and, potentially, among some of the larger public companies and players? I personally think no. With
Slide 37: Risk of in-housing capabilities
The Global M&A Landscape Global Strategics Weigh in on Market Dynamics and AI Impact Discussion Highlights Q: You all are helping clients be enabled with AI. Do you think that that is potentially creating a risk of more in- housing of a variety of different capabilities? There's always the risk, and
Slide 38: AI and jobs
The Global M&A Landscape Global Strategics Weigh in on Market Dynamics and AI Impact Discussion Highlights Q: Do you think that AI keeps jobs stagnant within your organizations? Does it decrease jobs? Is it potentially increasing jobs and/or is there an ultimate revenue impact or profitability impac
Slide 39: About Canaccord Genuity
About Canaccord Genuity 39 Driven by your success.
Slide 40: US Senior Leadership: Digital Transformation Services Practice
US Senior Leadership: Digital Transformation Services Practice Sanjay Chadda • A trusted advisor to CEOs and private equity sponsors Managing Director, • Joined Canaccord Genuity through the acquisition of Petsky Prunier and heads Co-Head of US & one of the most active investment banking practices f
Slide 41: Canaccord Genuity's Digital Transformation Services M&A Transactions
Canaccord Genuity’s Digital Transformation Services M&A Transactions Selected Recent and Relevant Domain Expertise in the Digital Transformation Sector The Product Experience a subsidiary of Division of Amp, owned by a portfolio company of a portfolio company of Exclusive Financial Advisor on strate
Slide 42: Leading Technology M&A Advisor and Global Underwriter
Leading Technology M&A Advisor and Global Underwriter Global Mid-Market TMT Advisory1 Global Underwriting Since 2022 (US-Focused Banks)2 Rank Firm Name LTM 3/31/2026 Global Bank Total Bookrun Total Rank Deals Deals Proceeds ($M) 1 73 1 Canaccord Genuity 1,639 1,228 123,321.8 2 Houlihan Lokey 29 2 JP
Slide 43: Well-Respected, Award-Winning Equity Research Practice
Well-Respected, Award-Winning Equity Research Practice Canaccord Genuity has a highly experienced analyst team with deep sector knowledge Canaccord Genuity Digital Transformation Depth and Breadth of Research Coverage Equity Research • 70+ Analysts providing in-depth research covering 1,000+ global
Slide 44: Disclaimer
Disclaimer This material is provided for information purposes only and is intended for distribution in those jurisdictions where subsidiaries of Canaccord Genuity Group Inc. (together, “Canaccord Genuity”) are registered as advisors or dealers in securities. Any distribution or dissemination of this
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