Latest news with #Technologies
Wall Street Journal
5 days ago
- Business
- Wall Street Journal
Uber Forecasts Strong Bookings as Revenue, Trips Rise
Uber UBER 1.09%increase; green up pointing triangle Technologies logged higher-than-expected financial results in the second quarter, as gross bookings are on track to grow beyond Wall Street projections in the current quarter. The ride-hailing company on Wednesday posted a profit of $1.36 billion, or 63 cents a share, in the quarter ended June 30, compared with $1.02 billion, or 47 cents a share, a year earlier. Analysts anticipated 63 cents a share, according to FactSet.
Wall Street Journal
6 days ago
- Automotive
- Wall Street Journal
Infineon Lifts Guidance as Semiconductor Demand Picks Up
Infineon IFX -0.13%decrease; red down pointing triangle Technologies raised its margin forecast for the fiscal year as demand for semiconductors powering vehicles, energy infrastructure and artificial-intelligence data centers is on the rise. The German chip maker said it expects revenue of around 14.60 billion euros ($16.90 billion) for the fiscal year to the end of September compared with nearly 14.96 billion euros it reported a year earlier. The company previously warned that sales would be slightly lower, but hadn't provided a figure.
Time of India
25-07-2025
- Business
- Time of India
Cigniti Technologies shares in focus after Morgan Stanley buys stake worth Rs 26 crore
(You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Cigniti Technologies will be in focus on Friday following Morgan Stanley's stake purchase in the company via a block deal which was worth Rs 26 crore. The US-based financial services company bought over 1.65 lakh shares through its affiliate Morgan Stanley Asia Singapore Pte at a price of Rs 1591.46 apiece which was a discount of 9.5% over the Wednesday closing price. Cigniti Technologies shares today ended with sharp cuts of Rs 168.40 or 10% at Rs 1, Technologies is a smallcap stock which is currently trading below its 50-day simple moving averages (SMA) of Rs 1,688 while above its 200-DMA of Rs 1,543.3 according to on Wednesday reported a net profit of Rs 60 crore, which shot-up 527% over Rs 11 crore in the year ago period. The revenue from operations surged 14% to Rs 534 in Q1FY26 versus Rs 468 crore in the year ago profit after tax (PAT) fell 18% on a sequential basis compared to Rs 73 crore in Q4FY25. Meanwhile the topline was flat versus Rs 530 crore in the January-March quarter of income in the reported quarter stood at Rs 542 crore versus Rs 547 crore in Q4FY25 and Rs 475 crore in the year ago company incurred expenses of Rs 454 crore in the quarter under review versus Rs 450 crore in Q4FY25 and Rs 428 crore in Q1FY25. Majorly expenses were made on employee benefits and hired contractors a Coforge company, is an AI & IP-led Digital Assurance and Engineering services company that helps global companies across industries continuously accelerate their Digital Transformation and become Technologies shares have rallied 16% over a 1-year period though remaining a major laggard in 2025 so far. The stock has fallen 10% on the year-to-date basis.
India Today
15-07-2025
- Business
- India Today
Explained: Why HCLTech shares are down 4% today
Shares of HCL Technologies fell sharply on Tuesday morning, sliding nearly 4% in early trade after the company announced its financial results for the first quarter of the financial year 2025-26 (Q1 FY26).The IT firm reported a drop in profits, which did not meet market expectations, leading to negative investor stock touched a day's low of Rs 1,550.50 and was trading at Rs 1,559.95, down 3.7% as of 10:34 am. Over the past few days, HCLTech has been under pressure. The stock has declined 7.9% in the last five trading sessions, 9.58% in the past month, and over 14.6% in the past six Technologies, the third-largest IT services company in India by market value, posted a 10% year-on-year decline in consolidated net profit for the June quarter. The profit came in at Rs 3,843 crore compared with Rs 4,257 crore in the same period last year. This was also below analyst expectations, which had pegged the figure at around Rs 4,224 lower-than-expected profit weighed on investor confidence, pulling the stock down despite a rise in overall from operations grew 8% year-on-year to Rs 30,349 crore, slightly above market estimates of Rs 30,340 crore. Sequentially, revenue rose just 0.3% from Rs 30,246 crore in the March 2025 quarter (Q4FY25).This marginal growth has raised concerns about the company's near-term growth momentum, especially in a global environment where many IT clients are cautious about announced an interim dividend of Rs 12 per share for the current financial year. The company said that the record date for this dividend is July 18, 2025, and the payout will be made on July 28, the dividend announcement reflects the company's commitment to returning value to shareholders, it did little to lift market sentiment in the face of weaker profit a statement on the results, Roshni Nadar Malhotra, Chairperson of HCL Technologies, said the company remains 'intensely focused' on the ethical use of artificial intelligence (AI) and is working to ensure that its AI solutions create positive social added, 'AI has become integral to the business growth of global enterprises. HCLTech's capabilities and strategic partnerships ensure our AI-led solutions are practical, comprehensive and significant value creators to our clients.'The company has also made minor changes to its FY26 guidance but stressed that AI will play an increasingly important role in shaping its services and offerings going forward.- Ends advertisement
Economic Times
14-07-2025
- Business
- Economic Times
Tata Technologies Q1 results today, shares down 50% from peak. Here's how to trade
The IT major Tata Technologies is set to announce its results for the first quarter of FY26 later in the day. The shares of Tata Technologies are currently trading near Rs 700, down 50% from their peak of Rs 1,400, which was hit on the day of the stock's listing in November 2023. ADVERTISEMENT Technically, the stock is trading below all its significant daily exponential moving averages and is oscillating near the 44 mark on the RSI. Tata Technologies shares remain under firm bearish control with no signs of a reversal yet, as they continue to trade below key moving averages, reinforcing the downtrend. In this bearish scenario, how should one trade Tata Technologies shares ahead of its Q1 results?Ajit Mishra, SVP – Research at Religare Broking, said, 'Currently, the stock is consolidating in a narrow range of Rs 695–Rs 720, and a breakdown below this zone could accelerate the decline toward Rs 650 or even lower.' On the upside, he noted that a decisive breakout above the upper band of this range could take the stock toward Rs 735, where multiple resistance levels exist. ADVERTISEMENT 'The stock's structure appears sideways too weak, and participants should align their positions accordingly,' Mishra Technologies shares: Historical performance ADVERTISEMENT Over the past year, Tata Technologies shares have declined by 31.75%. On a year-to-date (YTD) basis, the stock is down 20.88%, while over the last six months, it has fallen 11.89%. In the past three months, the stock has gained 11.48%. However, over the last month, it has declined by 6.38%.As of around 12:30 pm today, Tata Technologies shares were trading 0.5% lower at Rs 704.55 on the BSE. ADVERTISEMENT Also read: Jane Street complies with Sebi, deposits Rs 4,843 crore in escrow account (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
