Polaris net profit up 79 percentApril 20th, 2009 CHENNAI - Chennai-based Polaris Software Monday said its net profit was up 79 percent at Rs.130.71 crore for 2008-09, compared to Rs.73.22 crore earned the previous year. The company's revenues grew 25 percent to stand at Rs.1,377.95 crore from Rs.1,099.3 logged the fiscal before, it said in a regulatory statement.
Oracle profit rises 4 pct, matching Street views, despite 5 percent sales dropSeptember 16th, 2009 Oracle net rises 4 pct, matching Street viewsSAN FRANCISCO — Oracle Corp. says its quarterly profit rose 4 percent despite a 5 percent drop in sales.
Polaris to double revenue from insurance verticalJanuary 19th, 2009 CHENNAI - The city-based banking software major Polaris Software Lab hopes to double its revenue to $40 million next year from insurance vertical following the acquisition of US-based insurance product and component services player SEEC Inc., said a top company official here Tuesday. Last November, the company's Singapore subsidiary acquired SEEC for around Rs.370 million (Rs.37 crore).
Polaris to set up centre for insurance solutionsApril 14th, 2009 CHENNAI - City-based banking, financial services and insurance software company Polaris Software Lab Ltd will invest $20 million to set up a centre for excellence for insurance near Chennai, a top official said Tuesday. 'The eight-storey centre will house 2,500 employees and will be completed in 18 months,' Arun Jain, chairman and chief executive of Polaris, told reporters at the foundation stone laying ceremony.
German software company SAP second quarter net profit rises 4 percent to euro423 millionJuly 29th, 2009 SAP Q2 net profit rises 4 percent to euro423 millionFRANKFURT — German software company SAP AG said Wednesday its second quarter net profit rose 4 percent as better margin growth offset a drop in revenues. The Walldorf-based company reported net profit for the April-June period of euro423 million ($600 million) compared with euro408 million in the second quarter of 2008.
Oracle profit rises 4 pct sales drop 5 pct as businesses stay tightfisted; shares fallSeptember 16th, 2009 Oracle net rises 4 pct but sales drop, stock slipsSAN FRANCISCO — Oracle Corp.'s profit rose 4 percent in the latest quarter, matching Wall Street's forecasts, despite a drop in sales that revealed businesses are still being tightfisted about buying new software. The sales figure was short of analysts' expectations, and Oracle's shares fell 4 percent.
Dell profit sinks 23 percent in slumping PC market but edges past Wall Street estimatesAugust 27th, 2009 Dell profit down 23 pct but just beats estimateSAN FRANCISCO — Dell Inc. says its second-quarter profit fell 23 percent as the personal-computer industry's slump dragged on this summer.
Summary Box: Dell profit sinks 23 percent in slumping PC marketAugust 27th, 2009 Summary Box: Dell profit down 23 pctFINICKY BUYERS: Dell Inc.'s second-quarter profit fell 23 percent as demand for computers remains soft. Sales fell 22 percent.
NIIT annual net profit up 44.1 percentMay 27th, 2009 NEW DELHI - IT training and talent development company NIIT has reported a 44.1 percent increase in standalone net profit for 2008-09 despite a 17.8 percent fall in its fourth quarter earnings. The company's net profit for last fiscal stood at Rs.47.21 crore, up from Rs.32.77 crore in 2007-08, while the January-March quarter profit fell to Rs.23.14 crore from Rs.28.14 crore in the same period of 2008.
Apple fiscal 3Q profit rises 15 percent as iPhone sales surpass 5 million in 3 monthsJuly 21st, 2009 Apple fiscal 3Q profit jumps 15 percentSEATTLE — Apple Inc., the closest thing the tech industry has to a luxury brand, said Tuesday its profit jumped 15 percent in the most recent quarter despite the recession. Sales of Mac computers grew while the rest of the personal-computer industry shrank.
NIIT net profit dips 60 percentJanuary 19th, 2009 NEW DELHI - IT training major NIIT Ltd Tuesday reported a net profit of Rs.55 million for the third quarter ending December 31, a 60 percent dip compared to Rs.139 million profit in the same period a year before. The dip in profits has been attributed to the launch of NIIT Uniqua and increased depreciation due to new school projects that impacted profit after tax (PAT) for the quarter, a company statement said.
CDC Corp. posts $3 million 2nd-quarter profit, reversing year-ago loss, despite revenue dropAugust 18th, 2009 CDC Corp. climbs to 2Q profit, shares jumpNEW YORK — Business software company CDC Corp. on Monday reported a $3 million second-quarter profit, reversing a year-ago loss, as cost-cutting measures offset a drop in revenue.
Summary Box: HP's third-quarter profit plunges 19 percent as PC, ink sales remain weakAugust 19th, 2009 Summary Box: HP profit hurt by weak PC, ink salesPROFIT PINCHED: Hewlett-Packard Co.'s fiscal third-quarter profit fell 19 percent despite what the company described as improving conditions in the consumer personal computer market. HP's net profit was $1.64 billion, or 67 cents per share, versus $2.03 billion, or 80 cents per share, in the year-ago period.
Saksoft's net profit up by 333 percentJune 30th, 2009 CHENNAI - The city-based software company Saksoft Limited Tuesday declared its 2008-09 net profit was up by 333 percent though its topline remained flat compared to the previous year. "In spite of tough market conditions, the company closed last fiscal with a turnover of Rs.120.48 crore (Rs.1.20 billion) and a profit of Rs.9.63 crore as against Rs.120.10 crore and Rs.2.22 crore, respectively, in the previous year," managing director Aditya Krishna told reporters here Tuesday.
HCL Tech net profit up 49.1 percentJanuary 22nd, 2009 NEW DELHI - Software and outsourcing major HCL Technologies Friday reported 49.1 percent growth in its net profit for the quarter ended Dec 31 at Rs.3.98 billion (Rs.398 crore/$80.7 million) as against Rs.2.67 billion a year ago. The company's net profit for the half-year period ended Dec 31 was up 22.7 percent at RS.65.18 billion as against Rs.53.11 billion in the corresponding period last year.
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