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Oracle Corp's earnings fell short of Wall Street's forecasts for the first time in a decade as software and hardware sales sputtered, sending its shares down more than 10 percent and stoking fears a global recession will hurt tech spending.
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As the Euro zone crisis deepens and businesses outsource to cut costs amid the uncertainty, Cognizant Technology Solutions expects revenue from Europe to grow significantly, a top executive at the software services company said at the Reuters India Investment Summit.
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Israel's Taro Pharmaceutical Industries, a subsidiary of Sun Pharma, has reported a net profit of USD 58.9 million, a massive growth of 218.4% as compared to USD 18.5 million in a year ago period.
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Vodafone edged its full-year outlook higher on Tuesday as growth in emerging markets and robust trading in northern Europe helped the world's largest mobile operator to post first-half results ahead of forecasts.
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Toyota Motor Corp posted a 32 percent drop in quarterly operating profit and withdrew its full-year profit forecasts as Thai floods pose a fresh threat to production while supply shortages from the March earthquake kept output low.
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Warren Buffett's conglomerate Berkshire Hathaway reported a smaller third-quarter profit on Friday after recording losses of more than $2 billion on derivatives related to stock market performance.
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For the third quarter calendar year 2011, iGate's revenue was up 56% at USD 265.7 million versus USD 170.4 million QoQ. CEO Phaneesh Murthy indicated that the front-end operations of iGate and Patni have been integrated now. However, in an interview to CNBC-TV18, he said that Patni will probably be delisted over the next few quarters.
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Sony Corp slashed its full-year operating profit outlook by 90% on Wednesday as Thai floods disrupt camera production at the Japanese company, which is already struggling with a soaring yen and weak television sales.
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Samsung Electronics Co surpassed Apple Inc as the world's top smartphone maker with more than 40% shipment growth, and forecast strong sales in the fourth quarter, as it aims to consolidate its lead against rivals.
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UBS AG reported better-than-expected Q3 net profit on Tuesday because an accounting gain helped cancel out 1.849 billion Swiss francs loss on unauthorised trades it uncovered last month.
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Microsoft Corp's quarterly profit rose 6%, meeting Wall Street's modest expectations, helped by strong sales of its popular Office applications package.
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Morgan Stanley swung to a quarterly profit as stock trading results proved surprisingly resilient and wealth management revenue soared.
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EBay Inc reported profit that matched Wall Street estimates and gave a restrained outlook for the rest of the year because of economic uncertainty, sending its shares lower.
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NYSE-listed WNS (Holdings) Ltd, a leading provider of global business process outsourcing (BPO) services, today said it was able to sequentially expand gross margin, operating margin and profit in the second quarter ended September 30 due to depreciation in the Indian rupee.
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WNS came out with their Q2 earnings numbers. Keshav Murugesh, chief executive officer of WNS shared his views on the company’s numbers and gave a perspective of the company’s performance for the future.
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Though Apple declared its quartely results last evening with new sales and profit records and surpassed its own estimates, its stock fell nearly 7% in after-hours trading.
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Bank of America Corp reported a third-quarter profit, boosted by accounting gains, but its main businesses struggled as income from lending and investment banking fell.
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Yahoo Inc lived up to lackluster third-quarter expectations, but the struggling Internet portal was tight-lipped about efforts to find a new Chief Executive or explore a sale.
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Apple Inc stunned Wall Street by reporting results that missed expectations for the first time in years, blaming rumours of the new iPhone for hurting demand in the September quarter.
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Apple revenue misses forecasts, shares fall
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Goldman Sachs Group Inc posted a wider-than-expected loss of USD 428 million for the third quarter, only its second quarterly loss as a public company, hurt by sharp declines in the value of investment securities and customer trading assets.
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IBM's quarterly results failed to impress investors used to a stellar showing from Big Blue, dragging its stock down more than 3%.
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Wells Fargo & Co posted lower net interest income as the weak US economy squeezed its lending margins, sending the bank's shares tumbling more than 8%.
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Citigroup Inc reported higher quarterly earnings, helped by an accounting gain, but warned that developed markets could face weak growth for years, and the bank's shares fell.
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Google Inc's results trounced Wall Street expectations with the help of strong advertising sales and deft cost controls, driving its shares nearly 7% higher.
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JPMorgan Chase & Co reported lower third-quarter profit as investment banking fees fell with a slowdown in corporate dealmaking.
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PepsiCo Inc posted a slightly better-than-expected quarterly profit and affirmed its full-year goal despite a smaller boost from foreign exchange.
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Research In Motion Limited (RIM), the maker of BlackBerry smartphones, has reported a nearly 59% decline in net income to USD 329 million for the three-month period ended August 27, 2011.
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China's Lenovo Group Ltd, the world's No 3 PC brand, joined rivals in flagging concerns about the impact on demand from the weak global economy and euro zone debt crisis, overshadowing a near doubling in first quarter profits.
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MakeMyTrip, the largest online travel booking company in India which went public a year ago, reported market-beating quarterly results on a 58% jump in hotels and packages revenue.
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Groupon Inc's second-quarter loss more than doubled as it hired more than 1,000 new employees, even though the Internet daily deals company trimmed back its marketing costs.
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Tokyo Electric Power, the operator of Japan's crippled nuclear plant, reported a USD 7.4 billion quarterly loss due to a massive provision to compensate victims of the nuclear disaster, soaring fuel costs and a dive in sales.
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Software company iGate posted a second-quarter adjusted profit ahead of market estimates, helped by strong new customer additions.
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Royal Bank of Scotland slid to a pretax loss of 678 million pounds (USD1.1 billion) in the second quarter, hit by losses on Greek government bonds and Irish customers still struggling to repay loans.
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MasterCard Inc's second-quarter profit rose 33%, beating Wall Street estimates, as the company processed more card transactions and revenue increased.
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Suzuki Motor Corp posted a 20% drop in quarterly operating profit on Wednesday after the March 11 earthquake hampered production, and it stuck to its annual guidance for a small profit rise driven by the Indian market.
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IT services provider Cognizant Technology Solutions Corp posted quarterly profit ahead of analysts' estimates, helped by strong demand for its services, and forecast third quarter above market expectations.
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BMW zoomed past expectations for second quarter profit as more wealthy Chinese drove away with its revamped 5 Series saloon.
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Barclays' first half profits fell by a third after a drop in bond trading activity at its investment bank and a charge to compensate customers who were mis-sold insurance, offsetting a sharp improvement in bad debt charges.
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Toyota Motor Corp reported its first quarterly loss in two years on Tuesday as Japan's biggest earthquake hammered production and a strong yen hit export profits, and the company raised its profit forecast on a speedy recovery.
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Honda Motor Co posted a 90% fall in quarterly operating profit as a severe parts shortage stemming from the March 11 earthquake slashed output, but avoided an expected loss and raised its annual profit guidance by more than a third.
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Japanese drug-maker Daiichi Sankyo today reported a 23.5% drop in net income to 25.30 billion yen (USD 326 million) for April-June, 2011, on account of weak sales by its Indian unit Ranbaxy Laboratory, coupled with earthquake-related damage costs.
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India-focused mining group Vedanta posted record first-quarter core earnings, driven by continued strength in metals prices and higher zinc production.
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Daiichi Sankyo Co, Japan's No.3 drugmaker, reported a 29% fall in quarterly operating profit on Friday due to weaker sales in its Indian unit and higher research and development costs, and left its annual forecasts largely unchanged.
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Samsung Electronics Co is relying on the smartphone market to boost group profits after its flat screen unit reported a second quarter of losses and the mainstay chip business struggled.
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Sony Corp reported a 59% drop in quarterly operating profit, as it struggled with production woes following the devastating March earthquake in Japan.
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South Korea's Hyundai Motor posted a 37% rise in quarterly net profit, outstripping the consensus forecast, after it logged record global vehicle sales and gained market share from Japanese rivals reeling from the March 11 earthquake.
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SAP's Co-chief executive officer Bill McDermott tells CNBC-TV18 in an exclusive interview that SAP has seen a 56% growth year-on-year in Indian software sales, and adds that the company is bullish on India.
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LG Electronics posted a 25% annual rise in quarterly profit on Wednesday, as its handset business sharply cut losses and its television division returned to a small profit, sending its shares up 3.3%.
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Deutsche Bank's quarterly pretax profit missed expectations, hit by lower trading volumes just as the flagship lender named Anshu Jain and Juergen Fitschen co-chief executives.
