Tag "financial-results"

Digital deals help TCS report a strong Q4; net profit jumps to 6,904cr

MUMBAI, INDIA: The largest IT services company of India, Tata Consultancy Services (TCS) on Thursday beat analyst expectations by reporting a 5.7 percent jump in the consolidated profit at Rs 6,904 crore for the quarter ended March 2018. The company

Infosys Q4 profit slips to Rs 3,690cr; puts up Skava, Panaya on sale

BANGALORE, INDIA: Infosys’ Q4 net profit fell 28.1 percent sequentially to Rs 3,690 crore, from Rs 5,130 crore in Q3. Revenue grew 1.6 percent QoQ to 18,083 crore, mostly in line with the street expectations. The company reported revenues from

Reliance Jio’s subscriber base grew to 138.6mn in Q2; loss mounts to Rs 270cr

MUMBAI, INDIA: Reliance Jio, which is wholly owned subsidiary of Reliance Industries Limited (RIL)  today posted a net loss of Rs 270.59 crore in Q2, ended September, on the revenue of Rs 6,147 crore. This is the first time the company

Snap’s Q2 earnings report was a big disappointment

By : CIOL Writers

Snap reported a worse-than-expected quarterly earnings as it missed Wall Street expectations on both fronts- revenue and user growth. Snap said its daily active users (DAUs) reached 173 million in the quarter ended June 30, with a 4.2 percent growth rate, slower

Tesla posts better than expected revenue in Q2

By : CIOL Writers

Tesla posted $2.79 billion in revenue for Q2, beating Wall Street’s estimates, as deliveries of its high-end all-electric Model S sedans and sports utility vehicle Model X continued to grow. The Silicon Valley carmaker said it lost $336.4 million, or $2.04 a share,

Infosys retains revenue guidance for FY18 despite 3.3pc dip in Q1 profit

BANGALORE, INDIA: After TCS, Infosys also reported a a 3.3 percent sequential decline in the net profit to Rs 3,483 crore in Q1. This beats the street expectation anyway, which estimated the net profit at Rs 3,439 crore. Revenue declined 0.2 percent

TCS profit dips 10pc to Rs 5,945cr in Q1 on stronger rupee and wage hikes

MUMBAI, INDIA: IT bellwether, Tata Consultancy Services (TCS) started FY 2018 on a muted note with a lower-than-expected profit reported for Q1. Profit in the quarter dropped 10 percent sequentially to Rs 5,945 crore. Revenue also saw a sequential decline of 0.2 percent to

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