Latest news with #Americas
CNA
2 hours ago
- Business
- CNA
India's Wipro beats first-quarter revenue estimates
BENGALURU :Wipro reported better-than-expected revenue on Thursday for the first quarter, supported by strong growth in the Americas, including its communication and consumer businesses. Consolidated revenue at India's fourth-largest IT services provider stood at 221.35 billion rupees ($2.57 billion), rising 0.8 per cent from a year earlier and topping analysts' average estimate of 220.59 billion rupees, according to LSEG data.
Yahoo
2 hours ago
- Business
- Yahoo
India's Wipro beats first-quarter revenue estimates
BENGALURU (Reuters) -Wipro reported better-than-expected revenue on Thursday for the first quarter, supported by strong growth in the Americas, including its communication and consumer businesses. Consolidated revenue at India's fourth-largest IT services provider stood at 221.35 billion rupees ($2.57 billion), rising 0.8% from a year earlier and topping analysts' average estimate of 220.59 billion rupees, according to LSEG data. ($1 = 86.0390 Indian rupees) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
2 hours ago
- Business
- Reuters
India's Wipro beats first-quarter revenue estimates
BENGALURU, July 17 (Reuters) - Wipro ( opens new tab reported better-than-expected revenue on Thursday for the first quarter, supported by strong growth in the Americas, including its communication and consumer businesses. Consolidated revenue at India's fourth-largest IT services provider stood at 221.35 billion rupees ($2.57 billion), rising 0.8% from a year earlier and topping analysts' average estimate of 220.59 billion rupees, according to LSEG data. ($1 = 86.0390 Indian rupees)
Finextra
3 hours ago
- Business
- Finextra
SC Ventures names vice chairman for Americas
SC Ventures by Standard Chartered, which builds and invests in breakthrough ventures in and beyond banking, and Standard Chartered's Corporate Investment Banking (CIB) division have appointed Lisa Pollina as Vice Chairman, Americas. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Pollina will report to Alex Manson, CEO of SC Ventures, and matrix into Mandy DeFilippo, CEO for the U.S. and Americas. Named by American Banker as one of the 'Top 25 Most Powerful Women in Finance', Pollina has advised on private equity and private credit investments at Ares Management and sponsor-related initiatives via Alvarez & Marsal. Previously, she served as Vice Chairman for RBC Capital Markets and was the Global FIG Financial Institutions Executive at Bank of America Securities where both venture capital and private equity sponsors were under her remit. Experienced in Corporate Governance, Lisa serves on the Board of Directors for Munich Re Americas and the energy company NESR. She has been a seven-year appointee to the Federal Reserve Bank of the United States' Working Group on Global Markets and currently serves in leadership of the Atlantic Council of the United States fostering global trade and business collaboration worldwide. She is member of the Council on Foreign Relations. Pollina holds an MBA from the Yale School of Management and, concurrent with her full-time roles, was an instructor in corporate finance at the University of Chicago. In 2021, during the tenure of Pope Francis, she was made a Dame in the Sovereign Military Order of St. John of Jerusalem, of Rhodes, and of Malta, a distinction recognizing global service and leadership. For SC Ventures, Pollina will play a critical role in growing our presence in the region, leveraging her extensive experience and networks to deepen partnerships and identify fundraising opportunities. She will play an advisory role on the SC Ventures Portfolio Management Committee, and across other SC Ventures forums. For CIB, Pollina will work to originate and cultivate high-value relationships with key corporate and financial institution clients. Pollina's appointment underlines Standard Chartered's commitment to increase cross-divisional collaboration, as well as reaffirming its ambitious growth plans in the region.
Yahoo
5 hours ago
- Business
- Yahoo
Corteva's Quarterly Earnings Preview: What You Need to Know
Indianapolis-based Corteva, Inc. (CTVA) supplies products to the agricultural input industry that protect against weeds, insects, pests, and diseases as well as enhance crop health. It operates through the Seed and Crop Protection segments. With a market cap of $49.2 billion, Corteva's operations span the Americas, the Indo-Pacific, and EMEA. The agricultural inputs giant is expected to release its Q2 results after the market closes on Wednesday, Aug. 6. Ahead of the event, analysts predict CTVA to deliver a profit of $1.89 per share, up a modest 3.3% from $1.83 per share reported in the year-ago quarter. While the company has missed the Street's bottom-line projections twice over the past four quarters, it has surpassed the estimates on two other occasions. More News from Barchart Dear Google Stock Fans, Mark Your Calendars for July 23 Retirement Ready: 3 Dividend Stocks to Set and Forget Dear UnitedHealth Stock Fans, Mark Your Calendars for July 29 Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! For the full fiscal 2025, CTVA is expected to report an EPS of $3.01, up 17.1% from $2.57 reported in fiscal 2024. In fiscal 2026, its earnings are expected to further surge 15% year-over-year to $3.46 per share. CTVA stock prices have soared 34.7% over the past 52 weeks, notably outperforming the S&P 500 Index's ($SPX) 10.5% gains and the Materials Select Sector SPDR Fund's (XLB) 2.9% dip during the same time frame. Corteva's stock prices surged over 7% in the trading session after the release of its mixed Q1 results on May 7. While the company faced currency headwinds and a drop in organic revenues in Latin America and Indo-Pacific, its organic revenues increased by 6% in North America. The company's overall topline for the quarter dropped 1.7% year-over-year to $4.4 billion, missing the consensus estimates by 3.1%. However, its non-GAAP EPS grew by an impressive 27% year-over-year to $1.13, exceeding the Street's expectations by 29.9%, boosting investor confidence. The stock maintains a consensus 'Strong Buy' rating overall. Of the 21 analysts covering the CTVA stock, opinions include 14 'Strong Buys,' two 'Moderate Buys,' and five 'Holds.' Its mean price target of $77.65 represents a modest 6.4% upside potential from current price levels. On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
