Professional Technology News
India’s top vehicle maker, Tata Motors, swung to a quarterly profit Tuesday from a year earlier loss, driven by sales of luxury Jaguar and Land Rover cars as well trucks in its Indian domestic market. The company posted a consolidated net profit of 19.88 billion rupees (422 million dollars) in the three-month period to June, [...]
Cognizant Technology Solutions Corp (CTSH) reported a profit that topped market estimates for the sixth straight quarter, helped by a surge in discretionary projects, and raised its outlook for the year. Shares of the IT services provider were up 5 percent in trading before the bell. Shares of Cognizant Technology Solutions traded at a new [...]
Despite a more challenging market, Roche Holdings’ confirmed its full-year outlook on Thursday and posted an 8% jump in its first-half net income because of more drug and diagnostics sales. The Swiss pharmaceutical company also noted that the U.S. Food and Drug Administration has voted to halt the use of Roche’s Avastin drug for treating [...]
IT leader and India’s top software export service provider Tata Consultancy Services Ltd. (TCS) announced Q1 2011 net profit results today on 15 July, 2010. TCS reported that quarterly net profit is increased by 21%, beating it’s estimates and also have outsourcing demand from overseas clients.
Royal Philips Electronics NV on Monday reported a strong rise in sales and a return to profit in the first quarter, thanks to a good performance by its lighting division. Philips is the world’s largest lighting maker. The company said net profit was euro200 million ($270 million), from a loss of euro59 million in the [...]
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