Company Results

Wipro net up 41 percent in Q4

Wipro net up 41 percent in Q4Bangalore, April 17 : India's third largest software exporter Wipro Ltd has reported net profit of Rs. 2,230 crore for fourth quarter (January-March) of fiscal 2013-14, registering an increase of 41 percent year-on-year (YoY) as per Indian accounting standard.

In a regulatory filing to stock exchanges Thursday, the IT bellwether said revenue for the quarter under review grew 22 percent YoY to Rs. 11,700 crore, as per Indian accounting standard.

Revenue from its flagship IT services business at $1.72 billion was up 8.5 percent YoY and 2.5 percent sequentially.


Yahoo's stock rises following Q1 sales gains from ads, Alibaba growth

Yahoo's stock rises following Q1 sales gains from ads, Alibaba growthWashington, Apr 16 : Yahoo has reported a stronger-than-expected first-quarter profit.

Yahoo's shares rose in after-hours trading after the web giant reported its first sales gains in more than a year.

According to deadline. com, the company made profits from sales in four key investment businesses: mobile, video, native and social, with 98 percent ad growth year over year.

CEO Marissa Mayer said mobile was the most important of those pillars.


Keppel REIT's revenue fall 1% in first quarter

Keppel REIT's revenue fall 1% in first quarterKeppel REIT has said that its total revenue has fallen 1 per cent during the first quarter of the year to S$46.8 million due to a smaller contribution from its operations in Australia.

On the other hand, NPI recorded a growth of 6 per cent to S$39.5 million on a quarter to quarter basis. The earnings improved mainly due to a stronger contribution from Ocean Financial Centre (OFC). The company's distributable income remained the same on a quarter to quarter level. The NPI was smaller due to lower rental support and higher amortization expense.


Infosys net up 25 percent in fourth quarter

Infosys net up 25 percent in fourth quarterBangalore, April 15 - Infosys Ltd posted net profit of Rs. 2,992 crore for fourth quarter (January-March) of this fiscal, registering 25 percent growth year-on-year (YoY) as per the Indian accounting standard.

In a regulatory filing Tuesday, the IT bellwether said consolidate revenue for the quarter (Q4) under review grew 23 percent YoY to Rs. 12,875 crore from Rs. 10,454 crore year ago.

Under the International Financial Reporting Standard (IFRS), net income is up 9.7 percent YoY to $487 million and gross revenue 7.9 percent YoY to $2.1 billion. (IANS)


SPH records 7.5% rise in second quarter profits

SPH records 7.5% rise in second quarter profitsSingapore Press Holdings (SPH), the leading  Media and property company has said that it has recorded a 7.5 per cent rise in its net profit during the second quarter of the year.

The company's earnings were boosted by a one-off gain arising from a partial divestment of its stake in a regional online classifieds business. The company has said that its net profit for the three months till 28 February, 2014 recorded an increase to S$81.3 million compared to the same quarter of the previous year.


Jaguar sales jump 19.4%, Land Rover’s slip 1.1%

Jaguar sales jump 19.4%, Land Rover’s slip 1.1%While Tata Motors' Jaguar segment enjoyed an impressive seasonally adjusted year-on-year rise of more than 19 per cent in sales in March this year, Land Rover segment saw a considerable decline in its worldwide sales during the same month.

Jaguar Land Rover (JLR), the UK-based luxury car arm of Tata Motors, reported that sales of its Jaguar vehicles jumped 19.4 per cent year-over-year in March, while Land Rover sales slipped 1.1 per cent.


iGate net down 8.6 percent in first quarter

iGate net down 8.6 percent in first quarterBangalore, April 10 : Technology firm iGate Corporation posted $32 million net income for first quarter (January-March) of this calendar year (2014), a decline of 8.6 percent year-on-year (YoY) from $35 million registered in the same quarter in 2013.

Sequentially too, net income was lower than posted in fourth quarter (October-December) of 2013 at $33 million.


Marks & Spencer to record another fall in sales

Marks-and-SpencerUK's clothing retailer, Marks & Spencer is expected to record another fall in sales, indicating that the retailer is facing difficulties even as it is focusing on reviving business during the previous few months.


KFC registers 50 percent growth in loan disbursement

Kerala-Financial-CorporationThiruvananthapuram, April 3 : State-owned Kerala Financial Corporation (KFC) registered a record growth in critical operational areas like sanction, disbursement and recovery for the 2013-14 financial year.

The year-end figures show that KFC has sanctioned Rs. 989.48 crore as loans to MSME (micro-small-medium enterprises) sectors of the state with a growth of 49 percent over the previous fiscal.

The loan disbursed stood at Rs. 754.73 crore during the fiscal ended 2013-14.

The total recovery during the period stood at Rs. 568.61 crore.


HAL sales up six percent in fiscal 2014

Hindustan-Aeronautics-LtdBangalore, April 3 : State-run Hindustan Aeronautics Ltd. (HAL) posted Rs. 15,180 crore sales turnover for the just-concluded fiscal 2013-14, registering a marginal six percent growth over previous fiscal (2012-13) at Rs. 14,324 crore.

"We rolled out 60 aircraft and helicopters, achieved the initial operational clearance for the light combat aircraft (LCA) Tejas fighter and filed 209 patents during the fiscal under review," HAL chairman R. K. Tyagi said in a statement here.


Bajaj Auto's March sales up one percent

Bajaj Auto's March sales up one percentMumbai, April 2 : Two- and three-wheeler manufacturer Bajaj Auto Wednesday reported a marginal increase of one percent in its sales for March at 304,330 units from 301,231 units in the corresponding period of last year.

Exports, however, grew by 17 percent at 118,183 units from 101,374 units shipped-out during the corresponding period of 2013.


Hyundai's March sales down 8.4 percent

Hyundai-MotorChennai, April 1 : Automobile manufacturer Hyundai Motor India Tuesday reported an 8.4 percent fall in its total sales for March at 51,708 units from 56,437 units in the corresponding month of last year.

In a statement, the company said its domestic sales during the month under review grew by 3.4 percent and stood at 35,003 units -- up from 33,858 units sold in March 2013.


Maruti Suzuki's 2013-14 sales decline 1.4 percent

Maruti-SuzukiNew Delhi, April 1 : Automobile manufacturer Maruti Suzuki Tuesday reported a decline of 1.4 percent in its total sales for 2013-14 at 1,155,041 units from 1,171,434 units sold in the previous fiscal.

According to the company, domestic sales during the year ended March 31, 2014, marginally grew at 0.3 percent at 1,053,689 units from 1,051,046 units in 2012-13.

Exports during the period under review fell by 15.8 percent at 101,352 units from 120,388 units shipped out in 2012-13.


Huawei records 34.4% rise in net profits

Huawei records 34.4% rise in net profitsA leading globaltelecommunications equipment maker, China's Huawei Technologies has said that it has recorded an increase of 34.4 per cent in its net profit to 21 billion yuan or $3.38 billion. The company's operating profit was recorded at the level of 29.1 billion yuan, compared to the company's forecast of 28.6 between billion yuan and 29.4 billion yuan.


BlackBerry records fall in profit and revenue

BlackBerry records fall in profit and revenueCanadian phone maker, BlackBerry has said that it has recorded a fall in its profit and revenue during the fourth quarter of the year but also said that business will turnaround.

Chief executive John Chen said, "I am obviously extremely pleased with the Q4 results because it put us on the track and, if not, slightly ahead. I'm very pleased with the fact that the company's now back in execution mode."


Blackberry's Q4 losses lower than market expectations

BlackberryWashington, March 29 : Blackberry's fourth quarter results show that the company has reportedly incurred loss smaller than what analysts had predicted.

While Blackberry's shares plummeted by 6.63 percent in pre-market trading, the company's revenue dropped to 2.7 billion dollars from 3.2 billion dollars, taking a toll on the company's cash position.

According to Tech Crunch, Blackberry saw revenue drop from 64 percent from 2013 levels to 976 million dollars and this 423 million dollars loss is chump change compared to the 4.4-billion dollars loss reported during the previous quarter.


Macquarie Group expects profits to rise 45%

Macquarie Group expects profits to rise 45%Investment bank, the Macquarie Group has said that it expects its prof to rise as much as 45 per cent after ti recorded strong growth in its fixed income business.


JD Wetherspoon like-for-like sales rose 5.2 per cent

JD Wetherspoonlike-for-like sales rose 5.2 per centJD Wetherspoon has said that it has recorded an increase of 5.2 per cent in its like-for-like sales during the 26 weeks to 26 January, 2014.

The company said that its operating profits were recorded at the level of £55.7million in the 26 weeks to 26 January, 2014.  Its revenues were ahead 9.1 per cent at £683.2million during the period as the company recorded strong performance in the period.  The company said that it is planning to open about 50 new pubs including in Ireland.


G4S operating profits rise 2.8%

G4S operating profits rise 2.8%G4S has said that it recorded an increase of 2.8 per cent in its operating profits to $ 442 million as the company increased its business in the emerging countries.

The company said that it recorded a pre-tax loss of $170million after recording a $ 386 million of one-off costs and charges. Revenues of the firm recorded an increase of 5.8 per cent to $7.4billion. The earnings received a boost as the company acquired new units and expanded its presence in the emerging markets.


Toyota Kirloskar crosses 1 million sales mark

ToyotaToyota Kirloskar Motor Pvt. Ltd. on Thursday crossed the mark of 1 million sales in India, the car maker said in a statement.

The automobile giant recorded its 1 millionth vehicle sale in the country through its Cochin-based authorised dealer Nippon Toyota. The millionth vehicle sold by the company was a Toyota Etios, which was handed over to a customer during a ceremony yesterday.


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