Company Results & Outlooks

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Reliance Q4 sales rise, refining margin narrows

MUMBAI - Energy company Reliance Industries Ltd posted nearly flat fourth-quarter profits, in line with estimates, as a slimmer margin in its oil refining business offset higher revenue.

Wipro upbeat on growth prospects; profit beats f'cast

BANGALORE/MUMBAI - Wipro , India's third-biggest IT services exporter, posted forecast-beating quarterly profit on Thursday and said it expects a stronger year ahead on increased spending by overseas clients.

17 Apr 2014

For Goldman Sachs and Morgan Stanley, boring is beautiful

- Investment banks Morgan Stanley and Goldman Sachs Group Inc posted better-than-expected quarterly earnings on Thursday, helped by gains in merger advisory and stock underwriting.

18 Apr 2014

Goldman Sachs profit falls 11 pct but beats estimates

- Goldman Sachs Group Inc reported an 11 percent drop in quarterly profit as client activity remained constrained and fixed-income revenue shrank, but both earnings and revenue beat market estimates and the Wall Street bank's shares rose.

17 Apr 2014

IBM's quarterly revenue sinks to 5-year low as hardware sales fall

- IBM Corp, the world's biggest technology services company, reported its lowest quarterly revenue in five years on Wednesday, as Big Blue struggles with falling demand for its hardware and faces challenges in growth markets like China.

18 Apr 2014

HCL Tech March-quarter net up 59 percent, beats f'casts

MUMBAI - IT services exporter HCL Technologies beat market expectations with a 59 percent rise in March-quarter profit, helped by increasing demand for outsourcing services.

17 Apr 2014

IBM reports lowest quarterly revenue in 5 years as hardware sales fall

- IBM Corp reported its lowest quarterly revenue in five years as the company struggles with falling demand for its storage and server products.

17 Apr 2014

TCS net profit rises 51.5 percent, sees stronger sales growth

MUMBAI - Tata Consultancy Services Ltd , India's largest IT services exporter, expects a further rise in revenue growth in the new financial year, it said on Wednesday, after reporting a better than expected 51.5 percent increase in the last three months.

16 Apr 2014

RIL operating profit may lag estimates - StarMine

Reuters Market Eye - Reliance Industries Ltd's operating profit may lag consensus estimates when it reports January-March quarter results on Friday, Thomson Reuters StarMine's SmartEstimates shows.

16 Apr 2014

Infosys says staff exodus a worry after Q4 profits beat estimates

BANGALORE/MUMBAI - Staff left India's second largest IT services exporter Infosys Ltd at an unprecedented pace in the last quarter, worrying its management and raising investors' concerns about its ability to win lucrative contracts even as it posted a higher-than-expected net profit for the period.

15 Apr 2014
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Hyundai Motor unveils small SUV concept for China, to launch this year

SEOUL - South Korea's Hyundai Motor on Sunday unveiled its small sport utility vehicle (SUV) concept targeted at the Chinese market, planning to join a flurry of rivals in tapping the growing segment in the world's biggest market.