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Stock Market & Financial Investment News

News Breaks
April 15, 2014
11:23 EDTINFY, WIT, CTSH, IBM, ACNInfosys falls after quarterly revenue trails estimates
Shares of Infosys (INFY), which consults on business information technology and systems integration, are falling after the company's fourth quarter revenue trailed analysts' consensus estimate. WHAT'S NEW: This morning, Infosys reported fourth quarter earnings per share of 85c and revenue of $2.09B, compared to expectations of 79c and $2.11B, respectively. The company's CEO and Managing Director, S. D. Shibulal, said he was pleased that Infosys was able to double its growth rate for the full year compared to last year, though added that its performance in the last quarter of of the fiscal year had been "disappointing." The company noted that Infosys and its subsidiaries added 50 clients during the quarter and 238 during the year. Infosys forecast FY15 revenue growth of 7%-9%, compared to consensus of $9.06B. WHAT'S NOTABLE: Infosys said its board had decided to increase the dividend pay-out ratio to up to 40% of post-tax profits effective FY14. Infosys' current policy is to pay dividends up to 30% of post-tax profits. OTHERS TO WATCH: Like Infosys, Wipro (WIT) is an IT services and software solution consultant headquartered in India. Others in the business consulting space include Cognizant Technology (CTSH), IBM (IBM) and Accenture (ACN). PRICE ACTION: In late morning trading, Infosys fell $3.49, or about 6.3%, to $52.09 on nearly twice its average daily trading volume. Shares of Cognizant were down about 0.75% to $48.12, while Wipro was up about 2.6% to $13.56.
News For INFY;WIT;CTSH;IBM;ACN From The Last 14 Days
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July 15, 2014
08:03 EDTIBMCajamar and IBM sign 10-year applications management contract
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07:23 EDTIBMFortune to hold a conference
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07:17 EDTACNFarnborough International to hold air show
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July 14, 2014
10:00 EDTINFYOptions with decreasing implied volatility: SHPG INFY CWH FDO IDIX FAST
07:48 EDTIBMQuantum computer company D-Wave may come public, FT says
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06:46 EDTIBMIBM to research smart cities, Xinhua reports
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July 11, 2014
12:40 EDTINFYInfosys revenue, attrition still worrisome, says Wells Fargo
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11:19 EDTINFYOptions with decreasing implied volatility: BDSI CWH INFY MONT
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08:31 EDTINFYInfosys sees FY15 revenue growth 7%-9%, consensus $8.92B
08:31 EDTINFYInfosys reports Q1 EPS 84c, consensus 76c
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05:38 EDTINFYInfosys reaffirms FY15 revenue growth outlook 7%-9%
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05:37 EDTINFYInfosys reports Q1 EPS 84c, consensus 76c
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July 10, 2014
15:43 EDTINFYInfosys technical comments ahead of earnings
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07:47 EDTIBMIBM volatility up and into Q2
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07:31 EDTINFY, INFYInfosys re-initiated with an Outperform at CLSA
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05:24 EDTIBMIBM announces $3B cloud, big data systems research initiative
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July 9, 2014
10:02 EDTINFYOn The Fly: Analyst Initiation Summary
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July 8, 2014
16:46 EDTINFYInfosys initiated with a Hold at Stifel
09:03 EDTIBMIBM begins major collaboration with China's education ecosystem
IBM announced it has embarked on a major collaboration with China's education ecosystem focused on addressing the Big Data and Analytics skills opportunity in China. Dubbed IBM U-100, IBM will donate a range of IBM BD&A software worth $100M and provide expertise to support 100 universities in China.
08:02 EDTACNAccenture coverage assumed with an Equal Weight at Morgan Stanley
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