Profit up 36 percent at India&#39;s Tata Consultancy Services
693196
India&#39;s largest software exporter Tata Consultancy Services said Monday that its first quarter net profit rose by 36 percent despite sharp gains in the rupee this year that hit earnings.
110924
Steel giant Arcelor Mittal reports profits of $2.37bn for the final quarter of 2006, the first results since last year's merger.
108343
The oil company said net income rose to $4.37 billion as record oil prices outweighed lower profits from gasoline production.
535750
Energy company BG Group announced a 23-percent rise in annual profits and raised its production targets for 2006 following solid fourth-quarter earnings.
250741
(InfoWorld) - IBMâs revenue from India grew by 37 percent last year, mainly on Indiaâs strong economic growth, including in industrial production. Growth last year was lower than the 55 percent reported by IBM for 2005, but that was because the revenue base in 2004 was smaller, Shanker Annaswamy, IBMâs regional general manager for India and South Asia, told reporters in Bangalore on Thursday. Annaswamy did not however disclose the revenue that IBM earned from India, citing company policy not to break down revenue by countries. Revenue from India has grown faster in the last two years than inÂ Brazil, Russia and China, Annaswamy said. The key markets in India were financial services, small and medium businesses, pharmaceuticals, telecommunications, automotive, and government. Besides being a large market for IBM, which has won a number of key outsourcing contracts from Indian customers, IBM also has a large global services delivery operation in India. The company had 53,000 staff on its rolls as of January 1, up from 38,500 a year earlier. IBMâs chairman and chief executive officer Samuel Palmisano announced last year in Bangalore, India, that the company will beÂ investing $6 billion in IndiaÂ over the next three years. The new investment will go primarily for staff costs, new service facilities and on education programs, the company said. A large number of multinational services companies are expanding in India to take advantage of its low-cost work force. But increased demand is pushing up salaries, and making it difficult to hire quality staff. IBM is aware of the challenge and is working with educational institutions to train staff, Annaswamy said. IBM trained about 60,000 staff last year on IBMâs technologies, he added.
96250
LG Electronics Inc., Korea&#39;s second-largest electronics-maker, yesterday reported a 36 percent increase in its third-quarter profits, beating analyst forecasts thanks to a jump in its mobile phone handset sales.
455354
IBMâs revenue from India grew by 37 percent last year, mainly on Indiaâs strong economic growth, including in industrial production.
373002
The mobile phone maker said  fourth-quarter net profit rose to $2.6 billion and that it had reached its goal of 40 percent market share in handset sales. The companyâs stock soared.
138059
IBM , the world&#39;s largest  technology services company, on Wednesday posted a higher  quarterly profit as revenue rose 9 percent, helped by  software-company acquisitions and growth in computer services.
568324
India's second-largest software exporter, Infosys Technologies, quarterly net profit jumped 49 percent, well ahead of market expectations, thanks to a sustained outsourcing boom.
534446
India's Tata Steel sees its quarterly profits rise 41% as the construction boom in India fuels demand for its products.
504026
BT Group PLC, Britain's largest phone company, reported a 14 percent increase in second quarter net profit on Thursday, as growth in mobile telecommunications, broadband and IT services outweighed more declines in its traditional residential telecoms revenue base.
444134
NEW YORK, December 16  - Goldman Sachs Group (GS.NYS) reported sequential earnings growth of 36% for 4Q today. The renowned brokerage firm reported earnings of $1.19 billion or $2.36 per share
722585
Citigroup Inc. C.N, the world's  largest financial services company, on Thursday said  fourth-quarter profit rose, helped by growth in its consumer  business.
326686
BOMBAY  - Oil and petrochemicals giant Reliance Industries Ltd, India&#39;s largest private sector company, said second-quarter net profit jumped 39 percent, helped by surging oil product prices.
161058
M&amp;T Bank, the US bank in which AIB has a 22% stake, said today that its third quarter profits rose by a greater than expected 19%, helped by growing fees and a drop in bad loans.
665669
Indian software group Infosys sees its profits jump 50% as more companies hire it to run their technical support services.