Infosys Falls on Conservative Outlook
Jul 14, 7:07 PM EDT |
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| Infosys estimated revenue in the second quarter to rise 19% in the U.S. dollar or increase 28% in Indian rupee. |
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| Infosys, the second largest software service provider from India fell after it issued a conservative revenue and earnings guidance. For the first quarter ending in June, the company revenue increased 24% to $1.16 billion and net income increased 16% to $306 million or 54 cents per share. In the quarter, the company added 49 new clients with a total of 567 active clients at the end of the period. The company added net of 3,192 people with total emloyees of 94,379. |
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Infosys Rises 6% on Earnigs
Apr 15, 11:30 AM EDT |
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| Infosys, software services exporter from India reported rising sales and earnings. The company guided strong outlook in the second quarter and 2008. |
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| Infosys, software services provider, reported fourth quarter sales rise of 32% to $1.14 billion and earnigs surge of 52% to $311 million. Earnings per share in the quarter increased 20% to 55 cents from 46 cents a year ago. Full year revenue surged 35% to $4.17 billion compared to $ 3.1 billion and net earnings were $1,155 million or $2.02 ADS compare to $850 million or $1.50 per ADS. |
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Idea Cellular Net Profit Doubles
Feb 18, 6:49 AM EST |
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| Net profit for the December quarter jumped to 2.4 billion rupees from 1.13 billion rupees a year earlier. |
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| The Indian GSM mobile services operator reported 9.8% higher revenues during the third quarter at 17.1 billion rupees compared with 1.5 billion rupees a year ago, as the company’s user base expanded. Idea Cellular added 2.38 million customers to end the quarter with 21.05 million customers. For the quarter, adjusted EBITDA advanced 11% from the year-ago period. |
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Blue Dart Sales Rise 21%
Feb 11, 2:47 PM EST |
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| The company posted a Rs 69.93 crore profit after tax for the year ended December 31, 2007, up by 39% from a year ago. |
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| Income from operations for the year ended December 31, 2007 was 808.72 crore, up 21.06 % from the corresponding period a year earlier. South Asia''s integrated air express courier and logistics company’s annual expenditure climbed to 7 million rupees from 5.9 million rupees with freight, handling and serving costs accounting for 5 million rupees of the total costs. |
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Ambuja Cements Profit Up 32%
Feb 01, 11:31 PM EST |
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| Ambuja Cements reported 2007 earnings rise of 32% on 18% increase in sales on fast rising demand from housing industry. |
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| Ambuja Cements reported 2007 net profit increase of 32% to 1,769 crore rupees on 18% rise in sales to 5,898 rupees. Ambuja, one of the three largest cement makers in India, is on an expansion drive to build larger clinkering and grinding facilities to tap into the rising demand driven by the fast rising housing market. Operating earnings margin fell on higher fuel, labor, and trasportation costs. |
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Bharti Airtel Net Jumps 42%
Feb 01, 2:26 PM EST |
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| The company posted a 42% increase in its net profit to Rs 1,722 crore for the third quarter versus Rs 1,215 crore a year ago. |
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| The telecom service provider’s consolidated revenues increased 42% to Rs 6,964 crore for the latest quarter, compared to Rs 4,913 crore in the same period a year earlier. The company’s market share of all India wireless subscribers was 23.6%. Bharti Airtel’s number of users had climbed to 60 million, including fixed-line and broadband. |
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TCS Revenue Jumps 8.4%
Jan 30, 10:47 AM EST |
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| Earnings per share increased from 7.67 rupees during the third quarter a year ago to 11.3 rupees in the latest quarter. |
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| Third quarter income rose 11.4% to 11.047 core rupees, from 7.502 crore rupees a year ago. After tax profit during the quarter rose 9.6% to 1,019 crore rupees. The provider of mission-critical wireless communications added that it has received orders for $12 million in messaging software and related systems for delivery to leading carriers in the first half of fiscal 2008 versus an average of about $4 million a year ago. |
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Bajaj Auto Net Falls 3% Despite Higher Revenue
Jan 30, 9:54 AM EST |
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| Quarterly net profit fell to Rs 326.81 crore vs. Rs 336.42 crore last year, while revenue rose 6% from a year ago to Rs 2,501.70 crore. |
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| India''s second- biggest motorcycle maker attributed the 5.2% drop in net income to the higher interest rates that slowed demand. Bajaj Auto added that quarterly vehicle sales declined to 713,135 units from 738,219 a year earlier, while sales of motorcycles fell 2.8% to 634,316 units and of three-wheeled vehicles declined 13% to 74,419 units. |
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Tata Motors January Vehicle Sales Decline
Jan 30, 11:04 AM EST |
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| Vehicle sales for the month of January 2007 declined to 54,796 units from 55,440 reported a year earlier. |
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| India''s top bus and truck maker said that sales of commercial vehicles increased 5.6% from a year ago to 30,530 units. Exports climbed 10.8% to 4,147 units. Indica sales dropped 14.6% to 12,360 units, while the Indigo family posted sales of 2,901 units, down 9.5% from a year ago. Cumulative sales of passenger vehicles in the domestic market slid 4.8%, while total sales including exports declined 1.16% from a year ago. |
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Reliance Communications Profit Jumps 49%
Jan 25, 9:57 AM EST |
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| Net income climbed 49% to 13.7 billion rupees ($348 million) in the latest quarter from 9.24 billion rupees a year ago. |
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| India''s second-largest wireless provider said that sales rose 27% to 47.8 billion rupees. The company added 4.64 million customers in the quarter to a total of 41 million. Reliance''s market share has shrunk to 17.6% from 21% a year earlier after the company had to disconnect unverified users, according to government regulations. |
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