Financial Technologies Earnings
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OpenAI, Associated Press Partner to Explore Generative AI Use in News
The Associated Press is licensing a part its archive of news stories to OpenAI under a deal that will explore generative AI's use in news, the companies said on Thursday, a move that could set the precedent for similar partnerships between the industries. The news publisher will gain access to OpenAI's technology and product expertise as part of t...
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Byju’s Tells Investors It Will Submit Long-Delayed 2022 Audited Earnings to Indian Regulators by September
Indian education technology giant Byju's, which lost its auditor after delaying financial statements, has told investors it will file 2022 audited earnings by September and 2023 results by December, a person with direct knowledge of the matter said.
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Meta Said to Be Targeting $7 Billion in Its Second Blue-Chip Bond Sale
Meta Platforms emerged as the first mega-cap technology company to tap the US investment-grade bond market as turmoil in the financial sector has toppled five banks since March. The social-media behemoth, which reported earnings last week, is looking to raise $7 billion (nearly Rs. 57,250 crore) in a five-part deal, according to a person familiar ...
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HCLTech Registers 10.9% Rise In March Quarter Profit
IT company HCL Technologies on Thursday posted a 10.85 per cent increase in consolidated net profit to Rs 3,983 crore in the fourth quarter of the financial year ended March 2023.
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Alphabet, Meta Earnings Decline Suggests Uncertain 2023 for Digital Ads Industry, Big Tech
Alphabet, Meta, and Snaps saw a decline in fourth-quarter results this week, suggesting a tough road ahead of digital ads business and big tech. Lower ad spending from brands in the financial services and technology sector was one reason for the revenue decline, Meta said.
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Meta Loses $2.8 Billion on Metaverse Division Despite the Mammoth Re-Branding Step
In Meta’s Q2 earnings call, its chief Mark Zuckerberg announced that the company’s metaverse-focussed ‘Facebook Reality Labs’ division has reported losses of a whopping $2.81 billion (roughly Rs. 22,410 crore). Despite the financial setback, Zuckerberg has exuded confidence that in the coming years, all the trials and errors that are costin...
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Infosys Profit Rises To Rs 5,421 Crore In Q2, Revenue Guidance Raised On Higher Demand
Infosys announced its July-September quarter results for the financial year 2021-22 on Wednesday, October 13, reporting a net profit of Rs 5,421 crore, up 11.88 per cent year-on-year, on a consolidated basis. The country's second-largest information technology (IT) services provider by market value, raised its annual revenue guidance as pandemic-le...
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Infosys Profit Rises In June Quarter Led By Large Deals From Businesses: Key Highlights
Infosys announced its April-June quarter results for the financial year 2021-22 on Wednesday, July 14, reporting a net profit of Rs 5,195 crore, up 22.7 per cent year-on-year, on a consolidated basis. The net profit of the country's second-largest information technology (IT) services provider by market value increased in the quarter driven by secur...
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TCS Profit Rises In June Quarter On Higher Demand For Cloud Services: Key Highlights
Tata Consultancy Service (TCS) announced its April-June quarter results for the financial year 2021-22 on Thursday, July 8, reporting a net profit of Rs 9,008 crore, up 28.5 per cent year-on-year, on a consolidated basis. The country's largest information technology (IT) services provider profit increased driven by higher demand for cloud services ...
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HCL Technologies Profit Declines 8% To Rs 2,931 Crore In June Quarter
HCL Tech results: HCL Technologies board declared an interim dividend of Rs 2 per equity share for the current financial year.
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HCL Tech Shares Jump Nearly 6% After Earnings Announcement
The IT company maintained its guidance for financial year 2019-20, with revenues expected to grow between 14 per cent and 16 per cent in constant currency terms.
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Nifty Drops Below 11,500 For First Time In Over 7 Weeks: 10 Things To Know
Domestic stock markets started Tuesday's session on a weak note with the NSE giving up the 11,500 mark for the first time in over seven weeks, extending their losses to a third straight session. The S&P BSE Sensex index fell as much as 253.83 points to 38,466.74 in early deals, and the NSE Nifty benchmark slid to 11,477.65, down 80.95 points from t...
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Sensex, Nifty Register Best Month In Over 2 Years
The Sensex and Nifty rose to near three-month highs today, extending their gains to a third session in a row. With that, both the indices posted their biggest monthly gain in over two years. Financials and technology shares led the advances, with higher global markets also supporting the sentiment. The Sensex rose 190 points to end at 35,160 while ...
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IBM Reports Mixed Earnings, Profit Tops Estimates But Revenue Misses
Revenue in IBM's technology services and cloud platforms business - its largest - fell 5.1 per cent to $8.41 billion. Analysts on average had expected $8.58 billion, according to financial data and analytics firm FactSet.
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MillerCoors Sues HCL Tech Over Software Project Delay
HCL Tech said it is not expecting an adverse financial impact of the same for the quarter ending March 31, 2017.
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OpenAI, Associated Press Partner to Explore Generative AI Use in News
The Associated Press is licensing a part its archive of news stories to OpenAI under a deal that will explore generative AI's use in news, the companies said on Thursday, a move that could set the precedent for similar partnerships between the industries. The news publisher will gain access to OpenAI's technology and product expertise as part of t...
-
Byju’s Tells Investors It Will Submit Long-Delayed 2022 Audited Earnings to Indian Regulators by September
Indian education technology giant Byju's, which lost its auditor after delaying financial statements, has told investors it will file 2022 audited earnings by September and 2023 results by December, a person with direct knowledge of the matter said.
-
Meta Said to Be Targeting $7 Billion in Its Second Blue-Chip Bond Sale
Meta Platforms emerged as the first mega-cap technology company to tap the US investment-grade bond market as turmoil in the financial sector has toppled five banks since March. The social-media behemoth, which reported earnings last week, is looking to raise $7 billion (nearly Rs. 57,250 crore) in a five-part deal, according to a person familiar ...
-
HCLTech Registers 10.9% Rise In March Quarter Profit
IT company HCL Technologies on Thursday posted a 10.85 per cent increase in consolidated net profit to Rs 3,983 crore in the fourth quarter of the financial year ended March 2023.
-
Alphabet, Meta Earnings Decline Suggests Uncertain 2023 for Digital Ads Industry, Big Tech
Alphabet, Meta, and Snaps saw a decline in fourth-quarter results this week, suggesting a tough road ahead of digital ads business and big tech. Lower ad spending from brands in the financial services and technology sector was one reason for the revenue decline, Meta said.
-
Meta Loses $2.8 Billion on Metaverse Division Despite the Mammoth Re-Branding Step
In Meta’s Q2 earnings call, its chief Mark Zuckerberg announced that the company’s metaverse-focussed ‘Facebook Reality Labs’ division has reported losses of a whopping $2.81 billion (roughly Rs. 22,410 crore). Despite the financial setback, Zuckerberg has exuded confidence that in the coming years, all the trials and errors that are costin...
-
Infosys Profit Rises To Rs 5,421 Crore In Q2, Revenue Guidance Raised On Higher Demand
Infosys announced its July-September quarter results for the financial year 2021-22 on Wednesday, October 13, reporting a net profit of Rs 5,421 crore, up 11.88 per cent year-on-year, on a consolidated basis. The country's second-largest information technology (IT) services provider by market value, raised its annual revenue guidance as pandemic-le...
-
Infosys Profit Rises In June Quarter Led By Large Deals From Businesses: Key Highlights
Infosys announced its April-June quarter results for the financial year 2021-22 on Wednesday, July 14, reporting a net profit of Rs 5,195 crore, up 22.7 per cent year-on-year, on a consolidated basis. The net profit of the country's second-largest information technology (IT) services provider by market value increased in the quarter driven by secur...
-
TCS Profit Rises In June Quarter On Higher Demand For Cloud Services: Key Highlights
Tata Consultancy Service (TCS) announced its April-June quarter results for the financial year 2021-22 on Thursday, July 8, reporting a net profit of Rs 9,008 crore, up 28.5 per cent year-on-year, on a consolidated basis. The country's largest information technology (IT) services provider profit increased driven by higher demand for cloud services ...
-
HCL Technologies Profit Declines 8% To Rs 2,931 Crore In June Quarter
HCL Tech results: HCL Technologies board declared an interim dividend of Rs 2 per equity share for the current financial year.
-
HCL Tech Shares Jump Nearly 6% After Earnings Announcement
The IT company maintained its guidance for financial year 2019-20, with revenues expected to grow between 14 per cent and 16 per cent in constant currency terms.
-
Nifty Drops Below 11,500 For First Time In Over 7 Weeks: 10 Things To Know
Domestic stock markets started Tuesday's session on a weak note with the NSE giving up the 11,500 mark for the first time in over seven weeks, extending their losses to a third straight session. The S&P BSE Sensex index fell as much as 253.83 points to 38,466.74 in early deals, and the NSE Nifty benchmark slid to 11,477.65, down 80.95 points from t...
-
Sensex, Nifty Register Best Month In Over 2 Years
The Sensex and Nifty rose to near three-month highs today, extending their gains to a third session in a row. With that, both the indices posted their biggest monthly gain in over two years. Financials and technology shares led the advances, with higher global markets also supporting the sentiment. The Sensex rose 190 points to end at 35,160 while ...
-
IBM Reports Mixed Earnings, Profit Tops Estimates But Revenue Misses
Revenue in IBM's technology services and cloud platforms business - its largest - fell 5.1 per cent to $8.41 billion. Analysts on average had expected $8.58 billion, according to financial data and analytics firm FactSet.
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MillerCoors Sues HCL Tech Over Software Project Delay
HCL Tech said it is not expecting an adverse financial impact of the same for the quarter ending March 31, 2017.
