Tag: revenue
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India’s Wipro misses first-quarter revenue view
BENGALURU, July 16 : India’s No.4 software services provider Wipro posted lower-than-expected first-quarter revenue on Thursday, with clients holding back non-essential tech spending as geopolitical uncertainty and AI-led disruption weighed on the sector. Consolidated revenue in the three months ended June
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IBM forecasts preliminary Q2 revenue below estimates as spending shifts to AI
July 14 : IBM’s preliminary second-quarter revenue forecast came below Wall Street estimate on Tuesday, as customers prioritized spending on AI infrastructure, including servers, storage and memory purchases, sending its shares slumping 17 per cent in premarket trading. The results reflect an industry-wide s
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India’s LTM expects AI revenue to outpace traditional services, CEO says
BENGALURU, July 14 : Indian software services firm LTM expects AI revenue to outpace its traditional services business, CEO Venu Lambu told Reuters, betting that enterprises will need IT companies to deploy powerful large language models from firms such as Anthropic and OpenAI.Investor worries that increasing
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India’s HCLTech beats first-quarter revenue estimates on financial services strength
BENGALURU, July 13 : Indian software services exporter HCLTech beat analysts’ expectations for first-quarter revenue on Monday, buoyed by strength in its financial services, technology and retail segments.The country’s third-largest IT services firm posted a 13.94 per cent year-on-year rise in consolidated re
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Korean Air Q2 profit falls 34% on higher fuel costs, revenue hits record high
HONG KONG, July 13 : Korean Air Lines reported a 34 per cent drop in second-quarter operating profit on Monday, as surging fuel costs weighed on earnings despite the carrier posting record revenue for the quarter.• The South Korean flag carrier said operating profit for the April-June period fell to 261.8 b
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European football revenue breaks €40 billion but growth is slowing, says Deloitte
July 8 : European football surpassed €40 billion ($46 billion) in revenue for the first time in the 2024-25 season, but growth is showing signs of stalling, Deloitte said in its annual review of football finance.Football across the continent generated €40.2 billion in the season that ended in mid-2025, up
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Indian IT firms face muted Q1 as AI shift, weak demand weigh
BENGALURU, July 6 : India’s top information technology companies are expected to report another subdued quarter, as AI-driven pricing pressure, weak client spending, and global geopolitical turmoil continue to weigh on growth, nine brokerages said.The April-to-June quarter is usually a strong one for India’s
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BlackBerry lifts annual revenue forecast as QNX unit powers growth, shares rise
June 25 : BlackBerry raised its annual revenue forecast on Thursday, betting on continued momentum for its QNX division following the completion of its turnaround efforts, sending its Toronto-listed shares up around 19 per cent.Once a powerhouse in the smartphone industry, BlackBerry has shifted its focus tow
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BlackBerry lifts annual revenue forecast as QNX unit powers growth
June 25 : BlackBerry raised its annual revenue forecast on Thursday, betting on continued momentum for its QNX division following the completion of its turnaround efforts, sending its U.S.-listed shares up around 8 per cent in premarket trading.Once a powerhouse in the smartphone industry, BlackBerry has shif
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Cerebras posts rise in quarterly revenue in first report post-IPO
June 23 : Cerebras Systems posted a 94 per cent increase in first-quarter revenue on Tuesday in its first financial update since going public, benefiting from robust enterprise demand for its specialized AI chips.The company reported revenue of $193.4 million for the quarter, compared with $99.5 million repor
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