ZIGMA SOFTWARE LTD Q3 RESULTS
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MapmyIndia shares jump 7% as Q1 profit rises 12% YoY
Shares of CE Info Systems-owned MapmyIndia on Monday surged 7% to its day’s high of Rs 2,380.35 after the company on Friday reported a 12% year-on-year (YoY) jump in its profit after tax (PAT) at Rs 35.9 crore for the June quarter.
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Honeywell Automation India Q1 Results: Profit rises 32% to Rs 136.5 crore
Honeywell Automation India on Monday reported a 32.01 per cent rise in its standalone net profit to Rs 136.5 crore for the June-ended quarter. It had posted a net profit of Rs 103.4 crore in the year-ago period.
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Freshworks reports 20% revenue growth in Q2 at $174 million
The Chennai-based firm also upped its revenue guidance. Freshworks has given a 2024 full-year guidance revenue of $707 -$713 million, which has gone up marginally by around 1-2% on the back of rising demand for the firm’s AI solutions.
![Q1 results this week: ITC, SBI, TaMo, Zomato among 130 firms to announce earnings](https://img.etimg.com/thumb/msid-112075506,width-100,height-75,resizemode-4/markets/stocks/earnings/q1-results-this-week-itc-sbi-tamo-zomato-among-130-firms-to-announce-earnings.jpg)
Q1 results this week: ITC, SBI, TaMo, Zomato among 130 firms to announce earnings
This week, several prominent companies released their June quarter financial results. Firms like ITC, SBI, Adani Ports, Tata Motors, and M&M showcased their reports between July 29th and August 3rd. The updates offered a glimpse into their quarterly performance, engaging the attention of investors and stakeholders.
![Cautious investors reap Rs 3.2 lakh crore even as Sensex, Nifty extend losses to 4th session](https://img.etimg.com/thumb/msid-111988577,width-100,height-75,resizemode-4/markets/stocks/news/cautious-investors-reap-rs-3-2-lakh-crore-even-as-sensex-nifty-extend-losses-to-4th-session.jpg)
Cautious investors reap Rs 3.2 lakh crore even as Sensex, Nifty extend losses to 4th session
In a continuation of post-Budget blues, the BSE Sensex fell 280 points to settle at 80,149 and the broader NSE Nifty declined 65 points to end at 24,413. From the Sensex stocks, Bajaj Finserv, Bajaj Finance, HUL, Adani Ports, SBI, and Axis Bank were the top laggards, falling 1-2.5%. On the other hand, Tech Mahindra, NTPC, Tata Motors, Sun Pharma, Power Grid and Asian Paints closed in the green.
![The big Indian IT reset: green shoots in Q1 earnings](https://img.etimg.com/thumb/msid-111909261,width-100,height-75,resizemode-4/tech/information-tech/after-18-month-slump-it-sector-fortunes-seen-turning-the-corner.jpg)
The big Indian IT reset: green shoots in Q1 earnings
K Krithivasan, chief executive and MD at TCS, said during the Q1 earnings call that BFSI, its biggest vertical, returned to growth sequentially, along with all its markets and verticals except for CMI (communication, media and information).
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HCLTech Q1 net profit up 6.8% at Rs 4,257 crore; beats estimates
HCLTech's profit rose 6.8% to Rs 4,257 crore, driven by $70 million non-core income. EBIT, revenue declined. TCS earnings boosted stocks. CEO Vijayakumar noted Q2 State Street impact, steady FY25 guidance. Dividend declared. Headcount fell by 8,080, Q3 margins to improve. $1.96 billion bookings, 200 GenAI concepts. CFO Prateek Aggarwal cited robust cash flow. Shares closed at Rs 1560.40.
HCL Tech Q1 Results: Cons PAT jumps 20% YoY to Rs 4,257 crore, beats estimates
HCL Tech Q1 Results: Profit rose 7% from the previous quarter, while revenue dipped 1.5%. Constant currency revenue increased 6% year-on-year but fell 1.6% quarter-on-quarter. EBIT increased 7% year-on-year to Rs 4,795 crore but decreased 4% quarter-on-quarter.
TCS Q1 profit rises 8.7%; wage hikes, demand slump drag sequential numbers
TCS's June quarter net profit decreased 3.16% to Rs 12,040 crore due to wage hikes for its 600,000-plus workforce; net profit increased 8.7% YoY. Revenue rose 5.4% to Rs 62,613 crore. BSNL deal drove 61.8% India growth. The deal pipeline is $8.3 billion, AI projects at $1.5 billion. Operating margin is 24.7%. Interim dividend Rs 10 per share.
Tata Elxsi Q1 Results: Net profit falls 3% YoY to Rs 184 crore
Tata Elxsi Q1 Results: Revenue from operations for the reporting period grew by 9% year-on-year, reaching Rs 926 crore compared to Rs 850 crore in the same period last year. Sequentially, net profit for the quarter dropped by 6% from Rs 196 crore in the preceding December quarter. However, revenues increased by 2% quarter-on-quarter. Total expenses for the first quarter rose by 13% year-on-year to Rs 706 crore, compared to Rs 624 crore in the same quarter last year.
Q1 results, FII action among 10 factors to impact D-Street mood this week
Nifty gained 1.2%, driven by IT, energy, and pharma stocks. U.S. labor data, TCS earnings, Rupee vs. Dollar, Bank Nifty, oil prices, FIIs, IPO action, and dividends will influence markets next week. Bulls maintain strength with positive sentiment and broader market participation, expecting some consolidation.
IT stocks rally up to 4% as an early indicator of Q1 earnings just gave green signals
Indian IT stocks surged following positive results from Accenture, with Persistent Systems leading the gains. Analysts expect a strong demand environment to drive healthy earnings growth.
Infosys to announce Q1 results on July 18
Infosys will flag off the first quarter earnings for FY25. It expects its constant currency revenue growth for FY25 to be around 1-3%. The operating margins are predicted to be anywhere between 20-22% in the current fiscal.
OFSS shares surge 11% in two days, hit record high on strong parent company results
Oracle Financial Services Software (OFSS) experienced a significant surge of 11.4% in its shares over the past two days. This rise followed strong earnings reported by its parent company, Oracle Corporation, in the United States.
NIIT Q4 Results: Firm reports profit of Rs 11.16 crore vs YoY loss
Skill and talent development company NIIT on Friday reported a consolidated net profit (attributable to owners of the parent company) of Rs 11.16 crore for the quarter ended March 31, 2024. The company had posted a loss of Rs 9.36 crore in the year-ago period, according to a regulatory filing.
Happiest Minds focusing on areas like analytics, automation, gen AI and security: Joseph Anantharaju
Venkatraman Narayanan and Joseph Anantharaju of Happiest Minds outline positive Q4 results and strategic plans for FY25, leveraging recent acquisitions for growth and aiming for 35-40% revenue growth with a 20-24% margin target. Strong focus on organic and inorganic growth strategies.
Happiest Minds Tech Q4 Results: Profit jumps 25%, revenues up 10%
Happiest Minds Tech Q4 Results: For full year, the Bengaluru-headquartered firm’s profit rose 7.5% to Rs 248.39 crore from Rs 230.99 crore in FY23. Revenues increased 13.7% to Rs 1624.66 crore from Rs 1,429.29 crore last year.
Happiest Minds Tech Q4 profit jumps 25%, revenues up 10%
Happiest Minds executive chairman Ashok Soota said the company is on track for its longterm vision of $1 billion revenue in FY31, thanks to its new generative AI business unit and two successful acquisitions.
HCL Tech Q4 Results: PAT rises marginally to Rs 3,995 crore, misses estimates
HCL Tech' net profit was recorded at Rs 3,981 crore in the year-ago period.
Infosys shares drop 3% on Q4 miss. Should you buy, sell or hold?
Infosys Share Price: Infosys shares fall 3% after revenue decline. EBIT margin declines to 20.1%. FY25 revenue growth guidance impacted by discretionary spending weakness. Brokerages cut target prices. Analysts remain optimistic about Infosys' growth potential in the future.
Infosys ADR slumps 3% on Q4 miss, softer FY25 guidance
"Infosys weak quarterly numbers, lower-than-expected guidance for FY25 and declining headcount reflects continuity in weak, with the only silver lining being strong large deal TCV in Q4 and record $17.7 billion in FY24," said Sanjeev Hota, Head of Research, Sharekhan by BNP Paribas.
Infosys Q4 Results: Profit jumps 30% YoY to Rs 7,969 crore; co sees FY25 revenue growth at 1-3%
Infosys Q4 Results: Revenue from operations in the fourth quarter stood at Rs 37,923 crore, up 1% from Rs 37,441 crore clocked in the previous year's quarter. The IT major expects operating margins to be anywhere between 20-22% in the current fiscal.
Q4 Results Today: Infosys, Bajaj Auto among 19 companies on watchlist
19 companies, incl. Infosys, Bajaj Auto, HDFC Life, to announce March quarter results today. Infosys expects 0.4% revenue decline, flat profit growth. Bajaj Auto sees 25% volume growth.
KPIT Technologies Q3 Results: Net profit jumps 50% to Rs 157 crore
The company outperformed the market predictions and announced an interim dividend of Rs 2.10 per equity share of face value of Rs 10 each
Q3 results this week: ITC, Adani Ports, Bajaj Finance, IndiGo, SBI, Tata Motors and others
ITC, Bajaj Finance, NTPC, Adani Green Energy, Bharat Electronics, Punjab National Bank, GAIL, Bharat Petroleum, Corporation, Vodafone Idea, Marico, Petronet LNG, Nippon Life India Asset Management, Tata Investment Corporation, Piramal Enterprises, R R Kabel, Aditya Birla Sun Life AMC, Maharashtra Seamless, Nuvoco Vistas Corporation, Godfrey Phillips India, among others will report their December quarter numbers on Jan 29
Oracle Financial shares zoom 20%, hit record high on strong Q3 results
In the corresponding quarter last year, the company posted a net profit of Rs 437.3 crore. Its revenue from operations increased 25.9% to Rs 1823.6 crore as against Rs 1449.2 crore in the corresponding period of the preceding fiscal.
Q3 results today: HDFC Bank, Federal Bank among 30 companies to announce earnings
Q3 Results Today: HDFC Bank and 29 other companies listed on BSE will announce their December quarter earnings. Notable results to watch include Federal Bank, ICICI Lombard General Insurance Company, ICICI Securities, Bank of Maharashtra, CE Infosystems, Network18 Media & Investments, Newgen Software Technologies, and TV18 Broadcast.
Infosys vs TCS Q3 Results: Who scored better on all parameters?
The earnings season for India Inc. and the IT sector commenced with Infosys and Tata Consultancy Services reporting their results for the December quarter. The IT sector faced challenges due to the slowdown in the US and Europe, impacting revenue for software services exporters. Deal wins decreased for both companies, particularly for Infosys. Revenue from the BFSI vertical dropped for both TCS and Infosys, with Infosys experiencing a steeper decline.
Q3 results today: HCL Tech, Wipro among 18 companies to announce earnings
Today, the focus will be on the results of HCL Technologies and Wipro.. Other important results include HDFC Life Insurance Company, Anand Rathi Wealth, Aditya Birla Money, Den Networks, and Tata Metaliks. HCL Technologies is expected to beat sector seasonality with a rise in revenue, while Wipro's performance is expected to be muted due to furloughs and weak demand.
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