Infosys Profit Growth Best in Three Years
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Infosys Technologies Ltd., India's second-largest software services company, posted its biggest quarterly profit jump in three years on increased outsourcing by telecoms and financial companies.
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Low-fare carrier Southwest Airlines Co. said Thursday that its third-quarter profit rose 12.3 percent to beat Wall Street expectations despite higher fuel costs.
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Symantec Corp. , the biggest global security software maker, on Wednesday posted a 48 percent rise in third-quarter profit, driven by strong sales that were aided by a weak dollar.
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The company Friday said it expected to post a profit in the third quarter, thanks to Improved pricing and product mix and higher unit volume, reversing a year-ago loss.
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Third-quarter profit nearly doubled from a year ago as income from its government segment surged and the insurer reported a one-time gain.
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Norwegian telecommunications operator Telenor on posted a rise in profits in the third quarter as its international mobile telephony operations once again boosted earnings.
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Consumer electronics retailer Best Buy Co  posted a higher-than-expected third-quarter profit on Tuesday on strong sales and raised its full-year earnings forecast.
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(InfoWorld) - Lenovo GroupÂ on Thursday reported a jump in third-quarter profits, even as its turnover during the period remained flat compared to one year ago. Lenovo reported a profit attributable to shareholders of $57.7 million on sales of $4 billion during its fiscal third quarter, which ended on Dec. 31, 2006. That's a 23 percent increase in profits compared to the same period during the previous fiscal year, whenÂ Lenovo reported a profitÂ of $46.8 million on sales of $4 billion, the company said in a filing with the Hong Kong stock exchange. On a sequential basis, the results show good news for Lenovo. The company saw its profit fall by 53 percent during the first half of its fiscal year -- from $91.2 million to $43.1 million -- compared to the year-ago period. Lenovo's PC shipments during the quarter increased 8 percent over the previous year, outpacing the industry average, which the company pegged at 7 percent, the filing said. As usual,Â China was a strong marketÂ for Lenovo, with PC shipments up 19 percent. The company also saw shipments rise by 3 percent in Europe, the Middle East and Africa. But Lenovo's PC shipments slipped 4 percent in North and South America due to weaker demand from large companies. Shipments fell by 1 percent in the Asia-Pacific region, excluding China, Hong Kong and Taiwan. Around 52 percent of Lenovo's revenue came from notebook PCs, as unit shipments rose 20 percent over the previous year, Lenovo said in a press statement. Desktop shipments rose 2 percent, contributing 43 percent of the company's total revenue. The remainder of Lenovo's revenue came from the sale of mobile phones, which contributed 4 percent of revenue. Handset shipments fell by 6 percent compared to the previous year, Lenovo said.
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LG Electronics Inc., South Korea&#39;s second-largest electronics maker, reported third-quarter profit rose 36 percent, better than analysts expected, after selling a record number of mobile phones.
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Swedish telecommunications equipment maker Ericsson today reported a return to net profit in the third quarter, lifted by healthy growth in its international markets.
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Consumer electronics retailer Best Buy  Co  posted a higher-than-expected third-quarter profit  on Tuesday on strong sales and raised its full-year earnings  forecast.
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Shares jumped nearly 4 percent after the low-cost carrier reported its first third-quarter profit in two years on higher occupancy rates and capacity.
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Infosys sees profits jump after winning a batch of new business but its shares fall on concerns about future sales.
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South Africa's Gross Domestic Product rose 4.7 percent in the third quarter from the same period last year on the growth in the financial, real estate and services sectors, official data has shown.
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Peoplesoft, the software maker that is the target of a hostile takeover bid from industry heavyweight Oracle, returns to profit in the third quarter.
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The results surpassed Wall Street's expectations in both sales and profit, with fourth-quarter earnings reaching $3 billion for the first time in the company's history.
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The open-source software provider said that its third quarter profit rose as a surge in subscriptions helped offset increased spending on marketing and research.