Posts Tagged ‘quarterly results’

Bell weather Infosys posts good results for September – December 2010 quarter

January 13, 2011

Infosys announced its quarterly results today. They are always the first in India (interestingly across all sectors) practically every quarter

With sales of Rs 7,106 crores (compared to Rs 6,947 crores last time) and profit of Rs 1,780 crores (compared to Rs 1,737 crores last time) Infosys exceeded their guidance.

Infosys expects to cross $ 6 billion (Rs 28,408 to Rs 27,481 crores) in this financial year (Apr 2010 – March 2011)

It is amazing to see Infosys consistently “under promise and over deliver” for dozens of quarters now

Apple results bring some cheers for IT industry

April 22, 2009

With IBM talking of 11% reduction in top line, Intel and Nokia talking of 70+ reduction in quarterly profits there was general gloom in the industry. Indian IT services majors Infosys, Wipro, TCS have posted very modest growth and their guidance is very mooted. Against such background it is nice to see Apple talking of increase in top line from 7.51 billion to $ 8.16 billion and bottom line increasing from $1.05 to $ 1.21 billion for the JFM 2009 quarter.

Apple sold 2.22 million iMac computers, 11.01 million iPods and 3.79 million iPhones in the quarter. Interestingly, Apple is as much a phone company, entertainment electronics company and a computer company!