PENTAMEDIA GRAPHICS LTD Q1 RESULTS
Nvidia sales likely doubled - even that may not impress investors
Nvidia's second-quarter revenue saw a notable rise amidst high investor expectations. The company's stock surged over 150% this year, driven by AI-related demand. However, concerns around production delays, regulatory restrictions on chip sales to China, and potential antitrust investigations could impact future growth. Investors closely monitored these developments.
SRF Q4 Results: Firm posts fifth straight drop in quarterly profit
SRF Q4 Results: Indian chemicals and polymers maker SRF posted a drop in profit for the fifth quarter in a row on Tuesday, hurt by sustained weak demand in its mainstay chemicals business.
Nvidia's Q4 revenue, profit soar thanks to demand for its chips used for AI
Adjusted for one-time items, Nvidia earned $5.16 a share in the latest quarter, that topped Wall Street forecasts for $4.59 per share, based on analysts surveyed by FactSet Research. Analysts had expected revenue of $20.4 billion for the period that concluded the company's fiscal year.
Nvidia becomes biggest semiconductor firm in Q3, beats Intel, Samsung, TSMC
Graphics chip giant Nvidia has become the most profitable semiconductor firm in the third quarter (Q3) of this year, surpassing Intel, Samsung, and Taiwan Semiconductor Manufacturing Company (TSMC).
M3 Chip To Launch In 3 Variants Today, Here's What They Are
M3 chip is expected to be the engine behind future Apple Mac models, such as the MacBook Pro and iMac, bringing with it significant improvements in performance and energy efficiency.
The Idol Season 1 Finale: Why is Lily-Rose Depp and Abel Tesfaye’s series ending so soon?
The controversial series on Max is ending earlier than expected, and this could be the reason. Read on to know.
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Nykaa Q4 net profit plunges 72%; Centre to regulate high-risk data fiduciaries closely
FSN E-commerce Ventures, the parent entity of omnichannel fashion platform Nykaa, has reported a major decline in its fourth-quarter (Q4) net profit while recording growth in consolidated revenue. This and more in today’s ETtech Top 5.
Zomato trims Q4 losses, aims to turn fully profitable in a year; Delhivery quarterly revenue slips, loss widens
Two important financial results were released today in the listed technology world. Zomato’s revenue rose 70% as it cut losses during the fourth quarter of FY23 while logistics and supply-chain firm Delhivery’s losses rose during the period. This and more in today’s ETtech Top 5.
Cognizant CEO Ravi Kumar on earnings, company’s vision & ChatGPT; Visa launches CVV-free online transactions
Ravi Kumar S, who took over as the chief of US-headquartered IT firm Cognizant four months ago, has termed the last quarter “historic” amid a cautious macro environment.
Gaming Update: The Last of Us Part 1 on PC gets massive 25GB patch; Check all the details here
The latest update on The Last of Us Part 1 on PC videogame focuses on targets framerate, texture fidelity, and a lot more! Check full details.
In charts: Big three Indian IT companies get set for tough FY24
HCLTech’s revenue growth too was near the lower end of its guided range of 13.5-14.5%.
ETtech Unwrapped: Gig workers versus Blinkit, and other top stories this week
Even for Blinkit, the change in payout structure was the straw that broke the camel’s back with delivery executives telling us that they had been working under poor conditions but stuck around because the quick-commerce platform paid better than its rivals.
Nykaa reports 68% fall in Q3 profit at Rs 9 crore; Big Tech battle it out for AI control
Nykaa's revenue from operations surged 33% to Rs 1,462 crore for the quarter under review. Revenues in the year-ago quarter stood at Rs 1,098 crore. Expenses surged 36% to Rs 1,455 crore in the December quarter against Rs 1,067 crore in the same period last year.
Tech earnings a mixed bag in Q3 & other big stories this week
Most of the listed tech companies have seen stock valuations halve as investors dumped them in favour of established businesses.
Top four IT companies add just 1,940 employees in Q3
Attrition also drops sharply; experts feel ongoing slowdown in IT hiring to deepen in coming months
India mulls rules for live commerce; TCS Q3 net profit grows 11% YoY; Zerodha profit nearly doubles in FY22
The Bureau of Indian Standards (BIS), which is under the Ministry of Consumer Affairs, has begun to assess the need for guidelines for the new form of ecommerce, ET has learnt.
Weak Google, Microsoft earnings fan recession fears; iPhone 14 production faces supply constraints in India
Fears of a recession and a slowing economy are becoming more real than ever, particularly in Western nations. The latest quarterly earnings of Big Tech firms Alphabet and Microsoft are indicative of the gloomy outlook for the short-to-medium term. Advertising revenues, one of the biggest contributors to the topline of many tech firms, are also drying up as marketers tighten their pursestrings amid the inflationary environment.
TCS net profit up 8.4% in Q2, Paytm sees uptick on lending
Tata Consultancy Services kicked off earnings season for India’s information technology sector on Monday evening, reporting an 18% on-year jump in revenue and an 8.4% increase in net profit in the September quarter. Wipro and HCL Tech will declare their results on Wednesday, followed by Infosys on Thursday.
Delhivery net loss more than triples in Q1, Microsoft joins ONDC
Delhivery, which went public in May, has reported a net loss of Rs 399 crore for the quarter ending June 30, more than tripling the Rs 130 crore net loss it clocked in the same quarter of 2021
Shiprocket is 20th unicorn of 2022; Flipkart gives Walmart an ad boost
Shiprocket becomes India's 106th unicorn.
Nykaa’s consolidated net profit falls 58%; Manish Maheshwari to quit Invact Metaversity
Nykaa has clocked steep declines in net profit in all three quarters since it went public.
Startup dreamers return to IT firms after layoffs; Zomato reports Rs 360 crore net loss in Q4
IT firms have been battling record attrition of late, so startups’ loss is their gain.
Zomato net loss jumps to Rs 360 crore in Q4; Invact Metaversity is in trouble
Total revenue grew to Rs 1,350 crore in Q4 from Rs 750.8 crore in the same quarter in FY21.
CCI raids Cloudtail, Appario; Meta, Twitter Q1 results
Early on Thursday morning, the Competition Commission of India launched raids against Cloudtail and Appario, two top domestic sellers of Amazon, and some on Flipkart, following accusations of competition law violations, sources told Reuters.
HCL profit jumps 226% yoy in Q4; HealthifyMe eyes IPO
Days after its larger rivals TCS and Infosys announced their results for the Jan-March quarter, HCL Tech posted a consolidated net profit of Rs 3,593 crore, up 226% from the same quarter a year ago. Looking ahead, the company said it expects revenue to grow between 12% and 14% in FY23.
Oyo may downsize IPO; exclusive chat with Nykaa CEO
Oyo plans to reduce the size of its IPO to less than $1 billion, given the prevailing market conditions. In conversation with Nykaa CEO Falguni Nayar after her company’s Q3 results.
Nykaa’s Q3 results; Meta concerned about India’s data bill
The parent company of beauty retailer Nykaa, which had a blockbuster IPO in 2021, has reported a 58% year-on-year fall in its consolidated net profit to Rs 29.01 crore for the October-December quarter.
TCS, Infosys, Wipro Q3 results; delivery isn't enough for Delhi eateries
In an industry first, India's three largest IT services firms announced their December quarter results on the same day. A look at the key takeaways from the announcements.
Paytm IPO subscribed 18%, SoftBank’s Son calls it ‘great event’
The largest-ever public issue in the history of Indian capital markets opened today. By the end of the day, Paytm’s Rs 18,300 crore IPO was 18% subscribed, with most of the interest coming from retail investors.
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