NEWS LINE
FEBRUARY 10, 2012: LINKEDIN'S 4Q REVENUE DOUBLES
LinkedIn is reporting a strong fourth quarter as the online professional networking service added 14 million members. Its net income and revenue beat Wall Street's expectations.
LinkedIn earned $6.9 million, or 6 cents per share, during the final three months of the year. That compares with income of $1.6 million, or 3 cents per share, a year earlier.
Revenue more than doubled from the previous year to nearly $168 million.
Revenue more than doubled from the previous year to nearly $168 million.
FEBRUARY 9, 2012: COGNIZANT STUNS ALL WITH A 23% GROWTH GUIDANCE FOR 2012
In the world's biggest outsourcing market US, Cognizant Technology Solutions is now only $50 million behind Tata Consultancy Services, according to the October-December quarter revenues earned by these companies.
Cognizant’s 2012 revenue growth forecast of 23% is almost double of NASSCOM projections.It widened its quarterly revenue gap with Wipro by another $150 million.
FEBRUARY 8, 2012: IT EXPORT GROWTH TOO SLOW, says NASSCOM
Indian I.T exports are set to grow more slowly –in a range of 11-14%-for the year ending March 31, 2013, industry body NASSCOM has forecasted .
Indian I.T exports are set to grow more slowly –in a range of 11-14%-for the year ending March 31, 2013, industry body NASSCOM has forecasted .
Sluggish global GDP growth and European crisis are set to be the main causes of the phenomenon.
February 7, 2012: INDIAN IT COS IN US PAID $15BN IN TAXES IN LAST 5 YRS
The Indian IT industry in the US has contributed $15 billion in taxes alone in the last five years, Foreign Secretary Ranjan Mathai said, stressing on the need to eliminate discriminatory actions.
Mathai, on his first bilateral visit to the US in his capacity as the foreign secretary, expressed hope that the economic challenges in the US would not lead to protectionism and concerns of the Indian IT industry will be addressed.
FEBRUARY 7, 2012: GENPACT Q4 PROFIT BEATS EXPECTATIONS
Business process and technology services provider Genpact Ltd posted a quarterly profit above analysts' expectations, helped by an increase in revenue from global clients, but forecast full-year revenue largely below Wall Street estimates.
Genpact forecast 2012 revenue of $1.84 billion to $1.88 billion, while analysts were expecting $1.88 billion.
Genpact forecast 2012 revenue of $1.84 billion to $1.88 billion, while analysts were expecting $1.88 billion.
Fourth-quarter net income attributable to shareholders rose to $61.1 million, or 27 cents a share, from $46 million, or 20 cents a share, a year ago.
FEBRUARY 6, 2012: MARKETS END HIGHER LED BY BANKS
Key share indices ended higher amid a volatile trading session, led by bank and capital goods shares.
The 30-share Sensex ended at 17,707 up102 points and the 50-share Nifty ended at 5,362 up by 36 points.
The Sensex and the Nifty reached an intra-day high of 17,830 levels and 5,390 mark, respectively.
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