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  • IL&FS shareholders' nod to fresh equities, Rs 50 mn investment

    IL&FS shareholders' nod to fresh equities, Rs 50 mn investment  

    After the notice of postal ballot dated February 10, the members of the company passed certain special resolutions and that include "issuance of up to 10,513,238 equity shares of Rs 10 each on preferential basis".

    21 Mar 2017, 8.05 am  |  Source: PTI

  • HCL Tech board approves share buyback worth Rs 3,500 crore

    HCL Tech board approves share buyback worth Rs 3,500 crore  

    As of December 2016, HCL Technologies had cash of USD 1,885 million on its books. The company has an equity base of 1.41 billion shares and has paid out dividends for the last 56 consecutive quarters.

    20 Mar 2017, 7.22 pm  |  Source: CNBC-TV18

  • No solution on debt restructuring yet, says Rolta

    No solution on debt restructuring yet, says Rolta   

    Speaking to CNBC-TV18, KK Singh, Chairman and Managing Director of Rolta India, said a conscious decision to decline contracts for third party-based projects had contributed to a flattish third quarter.

    15 Feb 2017, 1.48 pm  |  Source: CNBC-TV18

  • Hinduja Ventures net rises 5% to Rs 36 cr in Oct-Dec

    Hinduja Ventures net rises 5% to Rs 36 cr in Oct-Dec  

    Hinduja Ventures Ltd (HVL) today reported an increase of 4.89 per cent in its standalone net profit at Rs 35.99 crore for third quarter through December.

    11 Feb 2017, 10.14 am  |  Source: PTI

  • Hinduja Global Q3 Net rises over 2-fold to Rs 47.21 cr

    Hinduja Global Q3 Net rises over 2-fold to Rs 47.21 cr  

    Hinduja Global Solutions, the BPO arm of diversified Hinduja Group, today reported over two-fold increase in consolidated net profit to Rs 47.21 crore for the December quarter.

    09 Feb 2017, 11.42 am  |  Source: PTI

  • Cognizant Q4 net dips 1.8%; okays $3.4bn in buybacks,dividends

    Cognizant Q4 net dips 1.8%; okays $3.4bn in buybacks,dividends   

    US-based IT major Cognizant today posted a 1.8 percent fall in net profit at USD 416 million for the December quarter, while its board okayed a plan to return USD 3.4 billion to shareholders over two years.

    08 Feb 2017, 10.00 pm  |  Source: PTI

  • Hexaware to grow in double digits at 10-12% in 2017: Chief

    Hexaware to grow in double digits at 10-12% in 2017: Chief   

    Midcap software firm Hexaware Technologies reported a 3.4 percent revenue growth in constant currency but according to the company’s chief R Srikrishna, its profitability will stay flat in calendar year 2017 as the margin growth...

    07 Feb 2017, 4.18 pm  |  Source: CNBC-TV18

  • Hexaware Q4 beats estimates, profit rises 9% to Rs 121 cr

    Hexaware Q4 beats estimates, profit rises 9% to Rs 121 cr   

    "We continue to deliver solid broad-based growth on the back of Shrink IT, Grow Digital Strategy. We exit 2016 with a run-rate that puts company in pole position for a double digit growth in 2017," R Srikrishna, CEO and Executive ...

    07 Feb 2017, 12.10 pm  |  Source: Moneycontrol.com

  • Intellect Design Arena Q3 net loss widens to Rs 15.56 cr

    Intellect Design Arena Q3 net loss widens to Rs 15.56 cr  

    IT firm Intellect Design Arena today posted a consolidated net loss of Rs 15.56 crore in the October-December quarter compared to a net loss of Rs 11.91 crore in the year-ago period.

    03 Feb 2017, 9.54 pm  |  Source: PTI

  • Mphasis Q3 net up 21% to Rs 204 cr

    Mphasis Q3 net up 21% to Rs 204 cr  

    IT company Mphasis today posted a 21.10 per cent rise in consolidated net profit at Rs 204.3 crore for the third quarter ended December 2016.

    31 Jan 2017, 9.38 pm  |  Source: PTI

  • Tech Mahindra Q3 profit jumps 31% to Rs 845 cr, $ revenue up 4%

    Tech Mahindra Q3 profit jumps 31% to Rs 845 cr, $ revenue up 4%   

    Dollar revenue during the quarter grew by 4.1 percent to USD 1,116.1 million and rupee revneue increased 5.4 percent to Rs 7,557.5 crore compared with previous quarter.

    30 Jan 2017, 3.43 pm  |  Source: Moneycontrol.com

  • Uncertainty around India biz restructuring a big headwind: Wipro

    Uncertainty around India biz restructuring a big headwind: Wipro   

    The company has been looking at acquisitions where it needs future competency, says Bhanumurthy, President and COO of the company. It is looking at acquisitions which will help in expanding geographies.

    25 Jan 2017, 10.39 pm  |  Source: CNBC-TV18

  • Wipro Q3 profit rises 2%, sees 1-2% Q4 dollar revenue growth

    Wipro Q3 profit rises 2%, sees 1-2% Q4 dollar revenue growth   

    Bangalore-based IT company Wipro expects IT services dollar revenue in the range of USD 1,922-1,941 million, a growth of 1-2 percent over third quarter.

    25 Jan 2017, 4.12 pm  |  Source: Moneycontrol.com

  • Zensar Q3 net profit surges 13% to Rs 82 crore

    Zensar Q3 net profit surges 13% to Rs 82 crore  

    IT firm Zensar Technologies today reported a 13.26 percent rise in consolidated net profit to Rs 81.91 crore for the quarter ended December 31, 2016.

    24 Jan 2017, 10.08 pm  |  Source: PTI

  • 3i Infotech consolidated Dec '16 total income from operations at Rs 248.00 crore  

    3i Infotech has reported a consolidated total income from operations of Rs 248.00 crore and a net profit of Rs 19.01 crore for the quarter ended Dec '16

    24 Jan 2017, 5.53 pm  |  Source: Moneycontrol.com

  • Will continue quest for acquisitions, IP partnerships: HCL Tech

    Will continue quest for acquisitions, IP partnerships: HCL Tech   

    Speaking to CNBC-TV18, C Vijayakumar, Chief Executive Officer of HCL Technologies, said a deal with IBM had been extended and would fetch HCL USD 40 -50 million in revenue.

    24 Jan 2017, 12.04 pm  |  Source: CNBC-TV18

  • To sustain Q3 growth momentum in Q4FY17: L&T Infotech

    To sustain Q3 growth momentum in Q4FY17: L&T Infotech   

    Given the growth trend for the first 9 months, Sanjay Jalona, CEO & MD, L&T Infotech is confident of beating industry growth in FY17.

    24 Jan 2017, 10.49 am  |  Source: CNBC-TV18

  • HCL Tech Q3 net up 2.3%; holds FY17 CC revenue growth at 12-14%

    HCL Tech Q3 net up 2.3%; holds FY17 CC revenue growth at 12-14%   

    While retaining FY17 constant currency dollar revenue growth guidance at 12-14 percent, HCL Technologies said its third quarter profit grew by 2.3 percent sequentially to Rs 2,062 crore.

    24 Jan 2017, 8.25 am  |  Source: Moneycontrol.com

  • L&T Infotech Q3 net profit up 11% to Rs 248 cr

    L&T Infotech Q3 net profit up 11% to Rs 248 cr  

    It reported a growth of 12.1 percent in consolidated revenue at Rs 1,666.7 crore for the reported quarter from Rs 1,487 crore in the year-ago period.

    23 Jan 2017, 9.00 pm  |  Source: PTI

  • See significant growth in digital next quarter: Persistent

    See significant growth in digital next quarter: Persistent   

    Persistent Systems came out with Q3FY17 results which met street expectations. In an interview to CNBC-TV18 Anand Deshpande, Founder, MD & CEO of the company said margins grew better than topline for the quarter ended December.

    23 Jan 2017, 11.39 am  |  Source: CNBC-TV18

  • Pricing in check, volume worry may stay for few qtrs: Mindtree

    Pricing in check, volume worry may stay for few qtrs: Mindtree   

    JC Narasimhan, CFO, Mindtree said the challenges on the pricing front have reduced and the company expects stable pricing in the next few quarters. He, however, admitted to having challenges on volume front with some of the custom...

    20 Jan 2017, 3.27 pm  |  Source: CNBC-TV18

  • Mindtree Q3 profit up 9%, $ revenue down 0.4%; margin expands

    Mindtree Q3 profit up 9%, $ revenue down 0.4%; margin expands   

    Midcap IT company Mindtree said profit in third quarter grew by 8.8 percent to Rs 103.1 crore from Rs 94.8 crore in previous quarter.

    19 Jan 2017, 5.34 pm  |  Source: Moneycontrol.com

  • Mastek posts Rs 11.23 cr proft for October-December

    Mastek posts Rs 11.23 cr proft for October-December  

    The company had posted a consolidated net profit of Rs 0.79 crore in the year-ago period, Mastek said in a filing to the BSE.

    17 Jan 2017, 7.42 pm  |  Source: PTI

  • Q3 in line with expectations; Q4 should be better: NIIT Tech

    Q3 in line with expectations; Q4 should be better: NIIT Tech   

    Thakur says the company has witnessed an expansion in margins every quarter and is confident of reaching an exit margin of 17.5 percent by the end of current fiscal.

    17 Jan 2017, 3.54 pm  |  Source: CNBC-TV18

  • NIIT Tech`s Q3 net profit falls 10% to Rs 62 cr

    NIIT Tech's Q3 net profit falls 10% to Rs 62 cr  

    Its revenues grew two percent to Rs 693.8 crore in the reported quarter from Rs 680.2 crore in the October-December, 2015 quarter, as per Indian Accounting Standards (Ind AS).

    17 Jan 2017, 3.42 pm  |  Source: PTI

  • Mastek Q3 profit soars 47% to Rs 11 cr on strong EBITDA

    Mastek Q3 profit soars 47% to Rs 11 cr on strong EBITDA   

    Software firm Mastek's third quarter profit on consolidated basis jumped 46.8 percent sequentially to Rs 11.2 crore, driven by strong operational performance and tax write-back.

    17 Jan 2017, 3.28 pm  |  Source: Moneycontrol.com

  • Unclear on H1B but see Trump to be biz-friendly: Vishal Sikka

    Unclear on H1B but see Trump to be biz-friendly: Vishal Sikka   

    Though the H1-B visa policy is still unclear, expect US President-elect Donald Trump to be business friendly in the long term, says Vishal Sikka, MD and CEO of Infosys.

    13 Jan 2017, 1.09 pm  |  Source: CNBC-TV18

  • Infosys Q3 net up 3%, cuts FY17 USD revenue guidance to 7.2-7.6%

    Infosys Q3 net up 3%, cuts FY17 USD revenue guidance to 7.2-7.6%   

    Infosys lowered its full year dollar revenue guidance to 7.2-7.6 percent from 7.5-8.5 percent earlier and rupee revenue guidance to 10-10.4 percent from 10.9-11.9 percent.

    13 Jan 2017, 9.10 am  |  Source: Moneycontrol.com

  • Cyient Q3 net profit up 14% at Rs 94 cr

    Cyient Q3 net profit up 14% at Rs 94 cr  

    The Hyderabad-based company had posted a net profit of Rs 82.74 crore in the corresponding quarter a year ago, Cyient said in a statement.

    12 Jan 2017, 6.36 pm  |  Source: PTI

  • TCS Q3 profit rises 3%, revenue & margin in line; attrition dips

    TCS Q3 profit rises 3%, revenue & margin in line; attrition dips   

    Tata Consultancy Services, the country's largest IT services provider, on Thursday said its third quarter (October-December) profit increased 2.9 percent sequentially to Rs 6,778 crore, driven by the strong digital business and gr...

    12 Jan 2017, 3.38 pm  |  Source: Moneycontrol.com

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