Subscribe free to our newsletters via your
. 24/7 Space News .




INTERNET SPACE
India's Infosys Q4 profit up, but below forecasts
by Staff Writers
Bangalore, India (AFP) April 15, 2011


India's second-biggest outsourcer Infosys said Friday quarterly net profit jumped nearly 14 percent but the company's shares tumbled as the figures lagged market expectations.

Consolidated net profit in the three months to March rose 13.7 percent year-on-year to 18.2 billion rupees ($408 million), Infosys Technologies said in a statement, below market forecasts of 18.8 billion rupees.

Analysts called the performance disappointing and blamed it on higher costs, which hit margins.

Revenues climbed 22 percent to 72.50 billion rupees in the fourth quarter of the financial year ending March 31, 2010, the company added.

Analysts had expected revenues to increase 25 percent in the quarter.

Infosys shares slumped 7.55 percent to 3,056.4 rupees in early trade Friday at the Bombay Stock Exchange, on reports that analysts may downgrade the stock after the earnings figures.

News that one of its key directors on the board, Mohandas Pai, who also headed the human resource division, has decided to step down from the firm also undermined sentiment.

"Overall earnings were not attractive. Operating margins were affected by rising staff costs," said Sanjeev Hota, an analyst at Mumbai-based brokerage Sharekhan.

.


Related Links
Satellite-based Internet technologies






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





INTERNET SPACE
Huffington says blogger suit 'without merit'
Washington (AFP) April 14, 2011
Arianna Huffington, co-founder of The Huffington Post, has dismissed as "utterly without merit" a lawsuit filed against the website claiming compensation for unpaid bloggers. Huffington, who sold The Huffington Post to AOL two months ago for $315 million, said the vast majority of contributors to her news and opinion site are happy to do so for free because of the exposure it gives them. ... read more


INTERNET SPACE
BRP To Contribute To Canadian Moon And Mars Exploration Programs

Naveen Jain Co-Founder And Chairman Of Moon Express

Project Morpheus To Begin Testing At NASA's Johnson Space Center

NASA Announces Winners Of 18th Annual Great Moonbuggy Race

INTERNET SPACE
Mars Rover's 'Gagarin' Moment Applauded Exploration

Mars Flight Possible After 2035

Several Drives This Week Put Opportunity Over 17-Mile Mark

Next Mars Rover Nears Completion

INTERNET SPACE
NASA spared cuts in US spending bill passage

NASA mission control named for Chris Kraft

Yury Gagarin's Flight Remembered

Russia's Medvedev Gives State Honors To Cosmonauts

INTERNET SPACE
Asia's star ever brighter in space

What Future for Chang'e-2

China setting up new rocket production base

China's Tiangong-1 To Be Launched By Modified Long March II-F Rocket

INTERNET SPACE
Northrop Grumman To Test Heat Management System On ISS

The MELFI Shuffle: Contingency Planning For Preserving Samples

Space Debris No Threat To ISS

Astronauts head to ISS on spaceship Gagarin

INTERNET SPACE
Kazakh Space Launch Project Delayed Until 2017

Putin Urges Ukraine To Join New Russian Space Center Project

Arianespace to launch ASTRA 2E Satellite

PSLV Launch On April 20

INTERNET SPACE
Titan-Like Exoplanets

A New Way To Find Planets

Telescope Ferrets Out Planet-Hunting Targets

White Dwarfs Could Be Fertile Ground For Other Earths

INTERNET SPACE
New India setback for S. Korea's POSCO plant

Store blood cells from Fukushima workers - Lancet letter

Using Carbon Fiber To Reinforce Buildings And Protect From Explosions

Debate over BPA ongoing in Europe




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement