Infosys forecasts over 29 percent annual revenue growth
452918
Indiaâs outsourcing industry continues to do well despite theÂ appreciation of the Indian rupeeÂ against the U.S. dollar and higher staff costs.
280160
(InfoWorld) - Oracle Corp. declared another strong quarter of financial results, exceeding both its own expectations and analysts' predictions, in what the database, applications and middleware software vendor has typically defined as a tough time period. In results for Oracle's first quarter of fiscal 2007 issued Tuesday for the period ended Aug. 31, the company saw its net income climb 29 percent over the year-ago quarter to US$670 million on revenue up 30 percent to $3.6 billion. Earnings per share (EPS) grew 28 percent to $0.13. Discounting the impact of recent acquisitions and other factors, Oracle's net income rose 26 percent to $931 million compared with the first quarter of fiscal 2006, while revenue was also up 26 percent to $3.7 billion, and EPS grew 24 percent to $0.18. A consensus estimate of Thomson Financial analysts had predicted that Oracle would report revenue of $3.5 billion on an EPS of $0.16. The figures were better than what Safra Catz, co-president and chief financial officer at Oracle, estimated back in June when the company issued its fourth-quarter results for fiscal 2006. She predicted then that total fiscal 2007 first-quarter revenue would rise 19 percent to 20 percent on an EPS of $0.16, without accounting for any specific charges likely to be taken in the quarter. "We exceeded our guidance on every metric and delivered strong revenue growth across all product lines and geographies," Catz said in an Oracle release. In the first quarter of fiscal 2007, Oracle gained $2.7 billion of its revenue from software sales, with new software licenses accounting for 22 percent of revenue or $804 million, while software license update and product support contributed 54 percent or $1.9 billion to Oracle's bottom line. Services made up the remaining $846 million or 24 percent of revenue. Revenue from new applications shot up by 80 percent compared to the same quarter last year, with new database and middleware license revenue growing by a more modest 15 percent, while service revenue rose by 33 percent. Â
540427
Symantec Corp, the global leader in info security, today announced record revenue growth for the fiscal second quarter. The September quarter marked another period of record performance for Symantec.
167168
Still running like a train The Indian IT industry is on track to hit revenues of $64bn, up 33 per cent, by the end of this year and to employ some two million people.â¦
336555
(InfoWorld) - Cisco Systems isÂ on target to meet its growth forecastÂ for this quarter and sees big opportunities over the next several years in collaboration technologies and developing economies, executives told financial analysts on Wednesday. The company said last month it expects revenue to grow 16 percent in the current quarter, ending in October, and Chairman and CEO John Chambers said it stands by that estimate. That was one of few references to current results during a daylongÂ conference for Wall Street analystsÂ at Cisco's San Jose, California, headquarters. Instead, Cisco focused on what it sees as long-term trends that will help it grow. Rich IP (Internet Protocol) communication among employees, friends, and family members will change the way people work and live -- while offering an extra benefit to the router maker. "It really loads networks," a smiling Chambers said. He seesÂ Web 2.0 technologiesÂ such as social networking and wikis moving into enterprises alongsideÂ TelePresence, Cisco's big-screen, high-definition system for audio and video meetings. The company is so confident that enterprises will buy TelePresence that it's planning a suite of line cards for its flagship Catalyst switches that is designed to minimize jitter and other network problems to ensure the best TelePresence experience, said Jayshree Ullal, senior vice president of Cisco's datacenter, switching, and security technology group. Even as it crows about the superior quality of its own system, Cisco is also offering a version of TelePresence that can be hooked up with customers' existing videoconferencing points. The system, called Cisco Unified Conferencing for TelePresence, protects enterprises' investments in other conference platforms and has helped overcome resistance in some sales, Chambers said in an interview at the event. It's one more way to ease customers into TelePresence, along with a recent deal in which Regus Group will set up TelePresence facilities in its rental business centers, Chambers said. Chambers emphasized to analysts that the key to Cisco's success is the big picture. "It isn't anything unique that we're doing here, but it's an architectural play," Chambers said. Despite itsÂ brisk acquisition pace, the company doesn't acquire any technology that can't eventually be tightly integrated with the rest of its service provider, enterprise and home network products, he said. Selling an end-to-end architecture instead of just boxes helps keep Cisco above price-driven competition, said Mark Sue, an equity analyst at RBC Capital Markets, in New York. The company also has high hopes for emerging markets, where it expects year-over-year growth each quarter to average 30 percent to 50 percent over the next few years. The Middle East and Africa are especially hot now, including both oil-producing countries and parts of Africa where foreign aid money is going into networks for education and health care, said Paul Mountford, senior vice president for emerging markets. Meanwhile, in Europe, Cisco sees strong growth in Germany, which has used IT less than the U.K. but is embracing it more as it develops a service economy. Cisco has added numerous technologies to its portfolio in the past few years, including unified communications, wireless, and storage, and wants to pick up its pace. The company hopes to add a new technology every quarter, Chambers told the IDG News Service. One analyst at the conference thinks that's the wrong strategy. Cisco is now facing the same problem Microsoft and Intel did a few years ago when PCs had filled the market, said Samuel Wilson of JMP Securities. Cisco's enterprise customers already have networks, and it has to convince them to upgrade them, he said. But a mature company such as Cisco should admit it's not young anymore and invest in dividends for its investors instead of branching off into new areas, Wilson said. Â
84914
Revenues should grow by 30%, according to the president of the country's association of software and service firms
713217
Revenue from cellular services is expected to jump by more than 18 percent each year for the next five years.
424569
Infosys Technologies, India's second-largest software firm, said it will be included on the Nasdaq-100 index from Monday, putting it among the biggest listed tech companies in the world.
167321
India&#39;s largest outsourcer, Tata Consultancy Services, Wednesday reported strong growth in revenue and profit, despite earlier concerns that the&#160;Indian outsourcing industry would be badly hit by a weak dollar, and a crisis in the U.S. subprime mortgage market.
725455
(InfoWorld) - Indiaâs business providing software and services to companies outside its borders will grow a healthy 26 to 29 percent this year, the country's main trade association for that sector said Monday. Revenue from exports of software, services and business process outsourcing (BPO) will reach about $40 billion for the fiscal year that ends next March 31, according to data released Monday by the National Association of Software and Services Company (NASSCOM). Export revenue from these sectorsÂ grew 33 percent to $31.3 billionÂ in the fiscal year to March 31,Â according to data released by the trade body. The strong growth in software and services exports is coming from an improvement in India's competitiveness, and the addition of new services, such as remote infrastructure management, by Indian service providers, Kiran Karnik, president of NASSCOM told reporters in Bangalore on Monday. The revenue figure also includes exports to their parent companies and clients by Indian subsidiaries of multinational companies such as IBM, Oracle, and Accenture, that are expanding fast in India. Indiaâs overall IT industry grew by 30.7 percent in the year to March 31 to earn revenue of $39.6 billion, with the domestic market also growing by 22 percent to $8.2 billion, NASSCOM said. Many multinational companies including Hewlett-Packard and IBM have bagged outsourcing contracts from Indian companies. The Indian IT industry employed about 1.6 million staff as of March 31, besides about 6 million indirect staff employed in supporting the large offshore software development and BPO operations in India, Karnik said. About 1.2 million people are employed in developing software and running back office processes and call centers for customers abroad. The U.S. continues to be the largest market for Indian exports, accounting for 66 percent of revenue, Karnik said. Indiaâs IT industry is facing high staff attrition and salary increases, but that will not slow down growth, Karnik said. In the short term, NASSCOM, of Delhi, is helping set up finishing schools that will make more Indian graduates employable by the IT and the BPO industry, he said. In the long-term, though, NASSCOM is counting on more investments by government and industry in the education sector, he added. The IT industry in India is also grappling with the strengthening of the Indian Rupee against the US dollar, which pushes down realization in Rupees of revenue earned abroad by Indian companies. In the year to March 31, exports of IT services grew by 35.5 percent to $18 billion, while exports of BPO services grew 33.5 percent to $8.4 billion. Revenue from exports of engineering services, a classification that deals with non-electronic design services, grew by 23 percent to $4.9 billion.
605744
SAP, the world's leading maker of business software, said that bottom-line profits surged 29 percent in the fourth quarter of last year, at the top end of analysts' expectations.
373519
India's software exports are on track to grow by 30 percent in the year to March 2005, despite attempts in the key U.S. market to discourage outsourcing and protect jobs, the industry's head said on Monday.
268890
Indian software group Infosys turns in a 50% jump in profits as more companies hire it to run their technical support services.
7649
Despite a slight seasonal dip, the software maker surpasses earnings expectations, as year-over-year growth comes in strong.
507236
PeopleSoft Inc.  on Monday forecast third-quarter revenue would exceed Wall Street expectations, saying it added 150 new customers and had more large software license transactions than in the previous quarter.
369306
India's largest outsourcer, Tata Consultancy Services (TCS), reported Monday strong growth in revenue and profit, despite theÂ appreciation of the Indian rupeeÂ against the U.S. dollar and higher staff costs in India.
471257
Time Warner Cable Inc. expects 2007 revenue growth in the mid-to-high 30s percentage range, the company said on Wednesday, a day before its shares begin trading on the New York Stock Exchange.