TCS to announce Q4 results on Apr 16; HCL Tech, Infosys to follow
.jpg)
Infosys on Wednesday said it will announce its earnings for the fourth quarter and the fiscal ended March 2015 on April 24, a deviation from its usual practice of kicking off the corporate results season.
Instead, it will be India’s largest software services firm Tata Consultancy Services (TCS) that will announce its set of numbers on April 16.
Traditionally, Infosys was the first large-cap company to announce its results in the second week of April, July, October and January, kicking off the quarterly earnings season with its set of numbers that were announced.
“A meeting of the Board of Directors of the company will be held on April 24, 2015, inter alia, to consider the audited financial results for the quarter and year ending March 31, 2015,” the country’s second largest software services firm said in a filing to the BSE.
The date for Wipro’s results announcement could not be ascertained.
HCL Technologies will announce the financial results for the January-March 2015 quarter on April 21. It follows the July-June fiscal.
TCS has already said it expects revenues in January-March 2015 quarter to be in line with trends in the same period last year even as currency continues to remain volatile.
However, its smaller rival, HCL Technologies expects its dollar revenues for the March quarter to see an “adverse impact” of 2.8 per cent on strengthening of the greenback against global rivals.
TCS had registered a year-on-year growth of 31.2 per cent in revenues (at Rs. 21,551 crore), while HCL Technologies posted 29.8 per cent rise in revenues to Rs. 8,349 crore in the January-March 2014 quarter.
Other Latest News
.webp)
Maharashtra Deputy Chief Minister and NCP head Ajit Pawar on Monday said discussions were underway among the Mahayuti partners to finalise a formula for the new government formation in the state.
Speaking to reporters at Karad in Satara district, Pawar also acknowledged the contribution of the government's Ladki Bahin scheme, which provides financial assistance to women, in the Mahayuti's victory in the just-concluded state assembly polls.
.webp)
Police have lodged seven FIRs in connection with the violence over a court-ordered survey of a Mughal-era mosque here, naming Samajwadi Party MP Zia-ur-Rehman Barq and local SP MLA Iqbal Mehmood's son Sohail Iqbal as accused, officials said on Monday.
The district administration has already imposed prohibitory orders and barred the entry of outsiders into Sambhal till November 30.
.webp)
A day after violence rocked Uttar Pradesh's Sambhal, Leader of Opposition in the Lok Sabha Rahul Gandhi on Monday said the BJP's use of power to create a rift between Hindus and Muslims was neither in the interest of the state nor the country.
He also urged the Supreme Court to intervene in the matter as soon as possible.
.webp)
The Karnataka High Court has dismissed a petition seeking quashing of an FIR against two individuals accused of defrauding e-commerce giant Amazon of over Rs 69 lakh.
Justice M Nagaprasanna described the case as an example of modern age crime.
The petitioners, Sourish Bose and Deepanvita Ghosh, had sought to have the FIR and a magistrate court's order taking cognisance of the case set aside.
.webp)
India’s Adani Group said it has enough cash flows to service debt obligations, as it sought to reassure creditors after a US bribery probe against founder Gautam Adani triggered a selloff in the conglomerate’s stocks and bonds.
Cash balances exceed long-term debt repayments for the next 28 months, while portfolio level cash balances were at $6.33 billion, the port-to-power conglomerate said in a report for the first six months of the financial year ending March 2025 released Monday.
.webp)
.webp)
.webp)
.webp)
.webp)
