VARINDIA IT MAGAZINE

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE   D-Link (India) Ltd  has announced the unaudited  financial results  for the quarter and nine months ended 31st December, 2012 at its recently held board meeting. According to the report, the net sales grew at 68.75% for 9 months ended 2012-13 at Rs.253.99 crore in comparison to Rs.150.51 crore during the same period for 2011-12. The company registered 108.5% rise in the net profit for nine months ended 2012-13 at Rs.8.44 crore against Rs.4.04 crore during the same period for 2011-12. As far as the net profit for Q3, 2012-13 is concerned, it stood at Rs.3.56 crore as against Rs.1.28 crore during the same period for 2011-12, thereby witnessing a surge of 176.83%. Tushar Sighat, CEO, D-Link (India) Ltd , said, “We have successfully managed to deliver consistent growth quarter over quarter even under volatile market situation. Our strategy and committed focus enabled us to record relentless growth along with impr...

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE   D-Link (India) has announced the unaudited financial results for first quarter ended 30th June, 2012 at its recently held Board Meeting. The sales revenue at D-Link for Q1, 2012-13 was up by 115% at Rs.7,664.73 lakh as against Rs.3,560.26 lakh in the Q1 last year. Similarly, the sales revenue for Q1 2012-13 was up by 7% at Rs.7,664.73 lakh from Rs.7,145.45 lakh as compared to the previous quarter ended 31st March, 2012.  Tushar Sighat said, “This has, indeed, been a very good quarter for us, as we managed to carry forward our growth momentum. We witnessed holistic growth coming from all product categories along with good traction from enterprise business. Our initiative in enhancing D-Links’ presence in large enterprise segment yielded positive results with more and more tier-I and tier-II partners joining hands with us.” “Increased internet penetration and awareness has resulted in good pull from consumer side and hel...

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE ExlService Holdings Inc. has announced its financial results for the second quarter of 2012. Rohit Kapoor, VC & CEO, said, "In the second quarter, EXL generated rapid growth year-over-year as well as sequentially. As expected, our transformation practice accelerated, and achieved record quarterly revenues and gross profits. Growth was driven by strong demand for decision analytics services, particularly in the insurance and banking verticals. I am pleased to announce that we have won a new strategic account with a global bank for transformation services. The role of analytics in our organization is increasing, and differentiating us as a company.” Vishal Chhibbar, CFO, commented, "In the second quarter, EXL achieved revenues of $108.0 million, up 27% year-over-year, or 33% on a constant currency basis. Sequentially, revenues grew by 6% on a constant currency basis. During the quarter, margins expanded year-over-year...

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE   Seagate has reported financial results for the quarter and fiscal year ended June 29, 2012. During the fourth quarter, on a GAAP basis the company reported revenue of approximately $4.5 billion, gross margin of 33.1%, net income of $1.0 billion and diluted earnings per share of $2.37. On a non-GAAP basis, which excludes the net impact of certain items, Seagate reported gross margin of 33.6% and diluted earnings per share of $2.41. In the June quarter, Seagate generated approximately $1.4 billion in cash from operations, paid cash dividends of $106 million and used approximately $1.2 billion to redeem approximately 45 million ordinary shares.  For the fiscal year ended June 29, 2012, on a GAAP basis Seagate reported revenue of $14.9 billion, gross margin of 31.4%, net income of $2.9 billion and diluted earnings per share of $6.49. On a non-GAAP basis, the company reported gross margin of 31.7% and diluted earnings per share...

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE Tata Consultancy Services (TCS) has reported its consolidated financial results according to IFRS for the quarter and financial year ended March 31, 2012. The company became the first Indian IT company to cross the ten billion dollar milestone posting annual revenues of $ 10.17 billion. N. Chandrasekaran, CEO and MD said, "We have carried our strong momentum through the fourth quarter to close out a year of strong growth. We have kept our focus on profitability and consolidated our market leadership." He added: "With our customer-centric approach, strong solution set and investments in game-changing technologies like mobility, big data and cloud, we remain well positioned to help our customers transform and drive growth in their businesses. TCS is well prepared to achieve balanced growth across the industries and markets it operates in, given its holistic portfolio of services which are now achieving significant scale across m...

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE Red Hat has announced financial results for its fiscal fourth quarter and fiscal year ended February 29, 2012. Total revenue for the quarter was US$297.0 million, an increase of 21% from the year ago quarter. Subscription revenue for the quarter was US$255.2 million, up 22% year-over-year. For the full fiscal year 2012, total revenue was US$1.13 billion, an increase of 25% over the prior year, and subscription revenue was US$965.6 million, up 25% year-over-year. "The strength of our fourth quarter was a fitting conclusion to a remarkably strong year for our business. Our investments to expand our geographic sales footprint and add sales people with targeted industry and product knowledge has accelerated our growth. Red Hat is the first pure-play, open-source company, and one of only a select few software companies, to have achieved the billion dollar revenue milestone. The open-source technologies which we provide are being selected by...

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE VMware Inc. has announced financial results for the fourth quarter and full year of 2011. Paul Maritz, CEO, VMware said, "The quarter's strong performance further signals that virtualization is the foundation for simplifying and automating IT. As customers continue to drive significant IT transformation, our task remains in providing solutions that go beyond cost reduction, yielding business and competitive value." It is recorded that revenues for the fourth quarter were $1.06 billion, an increase of 27% from the fourth quarter of 2010, and an increase of 26% measured in constant currency. Operating income for the fourth quarter was $214 million, an increase of 64% from the fourth quarter of 2010. Non-GAAP operating income for the fourth quarter was $338 million, an increase of 37% from the fourth quarter of 2010. Net income for the fourth quarter was $200 million, or $0.46 per diluted share, compared to $120 million, or $0.28 ...

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE HCL Infosystems has announced financial results for its first quarter ending September 30, 2011. During this quarter, the SI business has been impacted by continued slowdown in projects and customer decision cycles. The BFSI vertical bagged various orders from the leading banks to undertake Financial Inclusion mandates including banking for the unbanked. Several banks and financial institutions like Dena Bank, State Bank of Travancore, State Bank of India, Mahindra Finance, etc. had solutions deployed by the company. Harsh Chitale, CEO, HCL Infosystems Ltd., said, "The quarter recorded strong positive movements in the B2C Computing, led by turnaround in consumer computing on the strength of a reinvigorated product mix. Our distribution business performed extremely well with better traction of new models of a leading telecom brand in the portfolio. Overall System Integration business continued to be severely impacted by slowdown in proje...