India's Infosys Q2 profit up near 10%, shares jump
Indian software giant Infosys on Wednesday said quarterly profit rose by nearly 10 percent, powering its shares upwards as investors ignored a warning about an uncertain global market.
View ArticleIndia's TCS announces 14.7% Q2 profit jump
India's biggest software exporter, TCS, said Monday its quarterly net profit rose 14.7 percent, marginally below estimates, as concerns over global uncertainty offset improved outsourcing demand.
View ArticleIndia's TCS slides near 8% as earnings disappoint
Shares in India's biggest software exporter TCS plunged nearly eight percent on Tuesday, a day after the firm posted earnings figures that fell short of market expectations.
View ArticleIndia's Satyam posts strong profit growth
Indian software outsourcer Mahindra Satyam on Thursday said its quarterly net profit soared more than ten-fold, beating market estimates, as demand for outsourcing grew.
View ArticleUS-based iGate to delist Indian unit Patni
US-based company iGate said Wednesday it plans to delist its unit Patni Computer Systems from stock exchanges by buying shares from the Indian company's public shareholders.
View ArticleIndia's Infosys warns about IT sector outlook, shares slump
Indian IT giant Infosys on Thursday posted a 33-percent rise in its quarterly profit, but warned of a slowdown and weak client spending due to global uncertainty and the European debt crisis.
View ArticleIndia's IT giant TCS slumps despite profit boost
Shares in India's biggest outsourcing firm TCS slid as much as 5.1 percent Wednesday amid investor concern about the outlook for a sector dependent on demand from crises-hit Europe and the United...
View ArticleIndia's Wipro shares fall on share sale to fund charity
Shares in India's leading IT outsourcer Wipro fell 2.2 percent at one point Tuesday after its chairman, Azim Premji, said he will sell a 1.4 percent stake in the firm to fund charitable causes.
View ArticleIndia's Infosys profit up 27% but shares tumble
Indian software exporter Infosys on Friday said its quarterly profit rose 27 percent, but disappointed the markets with a lower-than-expected growth forecast that saw its shares plunge.
View ArticleIndia's TCS shares surge on upbeat earnings
Shares in India's biggest outsourcing firm Tata Consultancy Services jumped more than 10 percent in early trade on Tuesday after it reported better-than-expected quarterly earnings.
View ArticleIndia's Wipro Q4 profit up 7.7% but forecast muted
India's third-largest software company Wipro on Wednesday posted a 7.7 percent year-on-year rise in net profit for the January-March period, but gave a muted forecast that sent its shares tumbling.
View ArticleIndia's Wipro Q1 net profit up 18%, sees weak outlook
India's third-largest software firm Wipro on Tuesday said net profit climbed 18 percent in the fiscal first quarter but said the global outlook remained uncertain after it gave a muted revenue outlook.
View ArticleIndia's Wipro shares dive after business split
Shares in India's third-biggest software firm Wipro tumbled more than 11 percent on Tuesday, its first day of trading as a standalone IT company since it hived off other businesses into a separate unit.
View ArticleIndia's Wipro shares slump 11% on weak forecast
Shares of Wipro, India's third-largest software firm, slumped as much as 11 percent intraday Monday after it projected weak revenue growth last week owing to global uncertainty.
View ArticleInvestors cheer Infosys founder's return but analysts skeptical (Update)
Shares of Infosys jumped Monday as investors cheered the return of founder N.R. Narayana Murthy to boost the Indian outsourcing giant's sagging fortunes, but analysts questioned his chances of success.
View ArticleInfosys profits up slightly despite currency woes
Indian software outsourcing giant Infosys posted slightly higher quarterly profit Friday and maintained its revenue growth forecast despite the weak rupee and uncertainty about U.S. visas for its...
View ArticleIndia's Wipro shares tumble as revenue lags
Shares in India's third largest IT outsourcer Wipro slumped more than eight percent on Wednesday, a day after it announced modest revenue growth that lagged rivals, analysts said.
View ArticleBharti Airtel profit down 29 percent on rupee woes (Update)
Bharti Airtel, India's largest telecommunications company, said Wednesday the weak rupee contributed to a 29 percent slump in quarterly profit.
View ArticleIndia's Infosys sees profit leap by 25%, beats forecasts
Indian outsourcing giant Infosys on Tuesday reported quarterly net profit rose by a surprise 25 percent, lifted by new European and US contracts, as it forecast an increase in annual revenues.
View ArticleIndia's Infosys drops seven percent as top exec quits
Shares in Indian outsourcing giant Infosys sank by seven percent on Thursday after the latest departure of one of the company's senior managers.
View ArticleIndia's Infosys shares up after new chief named
Shares in Indian outsourcing giant Infosys climbed nearly four percent on Thursday after the company announced a new chief executive who will take over in August.
View ArticleIndia Infosys co-founders sell shares for $1.1 billion
Co-founders of Infosys sold $1.1-billion worth of stock in India's second-biggest software services firm Monday, pushing down the share price of the pioneering outsourcing company by nearly five percent.
View ArticleIndia's Infosys gives muted earnings, stock falls
Indian software giant Infosys Technologies saw its shares dip nearly seven percent Friday after it reported a single digit rise in yearly revenues and also missed quarterly profit estimates.
View ArticleIndia's Infosys posts 5.00% rise in profits
Indian software giant Infosys Technologies reported a five percent rise in quarterly net profits on Tuesday, aided by a weak rupee and strong demand from the United States.
View ArticleIndia's Infosys posts 9.8% profits rise but cuts forecast
Indian software giant Infosys on Monday reported a 9.8 percent rise in quarterly net profit, beating expectations, on the back of a weak rupee and robust demand from the United States.
View ArticleIndia's Infosys rides out Chennai floods, posts profit rise
Indian software giant Infosys reported a better-than-expected 6.6 percent rise in quarterly earnings on Thursday, riding out the effects of deadly floods in Chennai and sending its stock soaring.
View ArticleIndia's Infosys shares plunge as sales outlook cut
Infosys shares plunged more than nine percent on the Bombay Stock Exchange Friday after the Indian software giant cut its earnings outlook for the year.
View ArticleIndia's TCS profits rise 8.8 percent
India's Tata Consultancy Services reported an 8.8 percent year-on-year rise in quarterly profits Thursday as strong growth in Europe helped the IT giant override a slump in its domestic market.
View ArticleIndia's Infosys cuts forecast over 'uncertain' future
Indian software giant Infosys cut its annual earnings outlook for the second time in just three months Friday, sending shares down almost three percent, as cautious clients rein in spending.
View ArticleIndia IT stocks slip amid worries about stricter H-1B visas (Update)
The shares of top Indian IT companies sank Tuesday in response to news of proposed U.S. legislation that could make it harder for companies to replace American workers with those from countries like...
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