Jul 27, 2015 at 17:53 | Source: Moneycontrol.com
Topline met street expectations but bottomline and operational performance was lower than expectations. Profit was estimated at Rs 258 crore on revenue of Rs 2,490 crore for the quarter, according to the average of estimates of analysts polled by CNBC-TV18.
Jul 25, 2015 at 15:03 | Source: CNBC-TV18
Realisations may take a sharp knock in June quarter due to Northern and Western presence. West is the key market for Ambuja cements while Ambuja has no presence in South.
Jul 24, 2015 at 12:34 | Source: Moneycontrol.com
ABB has received orders worth Rs 1,895 crore during the quarter, down 6 percent compared to Rs 2,019 crore in the corresponding quarter of last fiscal.
Jul 24, 2015 at 10:41 | Source: Moneycontrol.com
Kotak has downgraded the stock to reduce from add. It has also cut FY2016-17 earnings by 1 percent/4 percent. It states Wipro will struggle to be a core portfolio bet due to a long history of missed strategic opportunities.
Jul 24, 2015 at 10:20 | Source: CNBC-TV18
Despite lower order backlog, analysts expect revenue growth may be driven by rising share of short cycle products and pull up in the power products business. However, sales may remain weak in power systems and process automation divisions.
Jul 23, 2015 at 22:14 | Source: CNBC-TV18
While chief executive office TK Kurien refained from giving any guidance, citing SEC rules, he says the company is more than making up for pricing pressure by hiking productivity.
Jul 23, 2015 at 19:41 | Source: CNBC-TV18
IT major Wipro today announced a bleak set of Q1 numbers. In an interview to CNBC-TV18, sector analysts breakdown the results and what can be expected from the company in the days ahead.
Jul 23, 2015 at 16:58 | Source: Moneycontrol.com
Revenue grew by 3 percent quarter-on-quarter to Rs 11,577 crore and dollar revenue increased by 0.9 percent to USD 1.79 billion in the quarter ended June.
Jul 22, 2015 at 17:43 | Source: CNBC-TV18
The first quarter is a seasonally weak quarter for Wipro, though it is a strong quarter for the industry. Its peers TCS and Infosys reported dollar revenue growth of 3.5 percent and 4.5 percent, respectively.
Jul 20, 2015 at 17:15 | Source: CNBC-TV18
Revenue is likely to increase by 29.2 percent to Rs 2,901 crore in the quarter ended June compared to Rs 2,245.4 crore in the corresponding quarter of last fiscal. Operating profit may surge 57.5 percent year-on-year to Rs 448 crore and margin may expand 275 basis points to 15.45 percent in the quarter gone by.