Tag "financial-results"

Wipro reports IT services revenue of Rs 13,402cr in Q4; net profit grew 7.2pc

By : Soma Tah

Wipro’s net profit for the quarter ended March, 2017 has grown 7.2 percent sequentially to Rs 2,267 crore while IT services revenue grew 1.56 percent to Rs 13,402.1 crore in Q4 from Rs 13,200 crore in Q3. Wipro expects its Q1FY18 IT

TCS net profit dips 2.5pc to Rs 6,608cr in Q4; growth muted in BFSI and retail

IT services major, Tata Consultancy Services’ (TCS) profit fell 2.5 percent sequentially to Rs 6,608 crore for the quarter ended March 31, 2017.  The revenue saw a decline of 0.3 percent QoQ to Rs 29,642 crore. The revenue growth was subdued in

Infosys lowers guidance for FY18 as Q4 revenue dips; attrition was high in FY17

BANGALORE, INDIA: Infosys today posted a profit of Rs 3,603 crore for the quarter ended March 31, 2017, with a QoQ decline of 2.8 per cent  against Rs 3,708 crore in previous quarter. The revenue also saw a decline of 0.9 per cent

Twitter’s poor run continues in Q4, meagre 0.6pc growth in MAUs

By : CIOL Writers

After looking at Twitter Inc.’s disappointing fourth-quarter earnings report, one might think there’s little hope left for Twitter, but the micro-blogging platform seems to believe otherwise. “The whole world is watching Twitter. While we may not be currently meeting everyone’s

SoftBank’s Q3 operating profit rises 71pc on the back of Sprint

By : CIOL Writers

Tokyo-based telecom and Internet giant, Softbank has posted its third quarterly earnings and even though the company managed to beat the expectations by a margin, it has reported a loss of $351 million in two of its biggest bets in

Facebook beats expectations with $8.81bn in revenue in Q4, user-base reaches 1.86bn

By : CIOL Writers

Facebook witnessed another strong quarter posting $8.81 billion in revenue for Q4, 2016. In terms of a number of users the social network now has 1.86 billion monthly users, adding 70 million users this quarter. However, the 3.91 percent growth

Nintendo posts $569mn Q3 profit on the back of Pokemon Go sales

By : CIOL Writers

Nintendo, the Japanese gaming company, is now churning profits from its popular augmented reality game Pokemon Go, released last year. Beating analyst’s expectation, Nintendo has reported a $569 million profit on revenue of $1.5 billion for the third fiscal quarter

Apple beats Q1 estimates with a huge 78.29mn iPhone sales figure and services growth

By : CIOL Writers

Apple’s back. Though Apple and Wall Street did expect the company to return to growth this quarter following the holiday season, but Cupertino giant surprised everyone with better than expected growth figures. Wall Street had predicted a revenue of $77.38 billion,

Tech Mahindra Q3 profit rises 14pc to Rs 856cr

MUMBAI, INDIA: Beating analysts’ expectations, Tech Mahindra has reported 14 percent sequential rise in its profit to Rs 856 crore in the quarter ended December 2016. The revenue during the quarter grew by 5.4 percent to  7,558 crore. Geograhy-wise Americas accounted

Microsoft beats expectations with $26.1bn revenue courtesy Office and Cloud services

By : CIOL Writers

Beating analysts’ expectations, Microsoft reported $26.1 billion revenue in the second quarter of the fiscal year 2017. Net income was $6.5 billion. The stellar performance was basically led by Office and cloud segments, which the company is betting on to boost

Alphabet’s Q4 earnings show its ‘Other bets’ are finally making progress

By : CIOL Writers

Google is undoubtedly the cash-spewing machine for its parent company, Alphabet. However, Alphabet’s other bets including Nest, Google Fiber and the life-sciences unit Verily, have also showed improvements by jumping to $262 million in revenue in the fourth quarter from

Wipro’s Q3 net profit rises 2pc, revenue slips to Rs 13690cr

Wipro’s net profit for the quarter ended December, 2016 has grown 2pc sequentially to Rs 2,110 crore. The revenue, however slipped to Rs 13690 crore in Q3 from the earlier reported revenue of Rs 13770 in Q2. IT services revenue

Infosys posts 0.2pc decline in Q3 revenue, cuts FY17 revenue guidance

BANGALORE, INDIA: Infosys has lowered its FY17 revenue guidance to 8.4%-8.8% from 8.0%-9.0%  in constant currency after it reported a revenue dip of 0.2 percent (decline of 0.3% in constant currency terms) to Rs 17,273 crore in the quarter ended in December

TCS touches $1bn profit mark for the first time with 2.9pc rise in Q3 profit

MUMBAI, INDIA: Tata Consultancy Services(TCS) touched USD 1 billion-mark in profit for the first time as it reported an increased profit of 2.9 percent sequentially to Rs 6,778 crore($1bn approx.) for the quarter ended on December 31, 2016. Revenue in Q3 increased by 1.5

Infosys slashes revenue guidance, blames slow growth in large deals

BANGALORE, INDIA: IT major Infosys has disappointed the market today by lowering its constant currency revenue guidance for the year to 10.5-12.0 per cent from 11.5-13.5 per cent. Brexit has created an uncertainty in the near term for all the

India is key growth market for TCS

MUMBAI, INDIA: Tata Consultancy Services(TCS) has made a good start of the year by reporting a better than estimated Q1 earnings today. The IT services major has posted 3 per cent QoQ growth in revenue to Rs 29,305 crore, although

Top View: Will Cognizant see a rebound in growth in Q2?

Thomas George US-based Cognizant(CTSH) came out with a muted Q1CY16 earning reports last week. Despite the fact that its overall revenue grew by 10 pc, the report card reflects unusually weak quarterly performance, with 0.9 pc drop in its QoQ

Wipro misses estimates, Q4 net profit falls 1.6pc

BANGALORE, INDIA: India’s third largest IT services company has missed analyst expectation after its rivals, TCS and Infosys reported estimate-beating earnings. Wipro has posted a consolidated net profit for Q4 at Rs 2,240 crore, a YoY decline of 2.2 percent.

TCS Q4 net profit beats expectation marginally with 3.8pc rise

MUMBAI, INDIA: Beating analyst expectations for the first time in seven quarters, India’s largest IT services company, TCS said its Q4 net profit rose to Rs 6,341 crore, up 3.8% QoQ, marginally higher compared to the estimates of Rs 6,273.4

Infosys beats market expectation with Q4 numbers

BANGALORE, INDIA: Infosys beats market’s expectation for the four quarters in a row today, with 3.8% QoQ growth in its Q4 net profit at 3,597 crore. The Q4 revenue of the second large Indian IT company sees 4.1% QoQ growth