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HCL Technologies misses street estimates; key takeaways

Wednesday, August 7, 2019, 8:59 PM

HCL Technologies missed analysts forecasts and reported 7.60% year-on-year drop in profit at Rs.2,220-crore for the quarter ended June-30. Analysts in an ET NOW poll had projected a profit of Rs.2,378-crore. Revenue of the IT major, on the other hand, increased 18.40% to Rs.16,425-crore during the quarter under review. The company maintained its FY20 revenue guidance at 14-16% in constant currency terms.
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Accenture revenue rises 7.4% in the first quarter

Thursday, December 20, 2018, 6:22 PM

Accenture Plc reported a 7.4% rise in quarterly revenue, as it reaped the benefit of its investments in digital and cloud services. Net income attributable to consulting and outsourcing services provider rose to $1.28 billion, or $1.96 per share, in first quarter ended 30 November from $1.12 billion, or $1.79 per share, a year earlier. Net revenue rose to $10.61 billion from $9.88 billion.
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Infosys ADS holders seek refund of $3.7 million in depository fees

Friday, November 16, 2018, 8:34 AM

Infosys ADS holders have complained that IT firms's issue of bonus American Depositary Shares in September added to their cost of owning the securities without any concomitant-benefits.They have, in a letter to Infosys's chief financial officer Ranganath, asked Bengaluru-based company to review its ADS programme and refund over $3.7 million to its ADS holders in depository fees collected by firm on account of issuing-new-securities.