Globant SA reported second-quarter earnings of 87 cents per share. Earnings, adjusted for stock option expense and costs related to mergers and acquisitions, came in at $1.22 per share, topping the $1.21 per share expected by seven analysts polled by Zacks Investment Research. The information technology company’s revenue in the quarter was $429.3 million, which exceeded expectations of $427...
SMART Global Holdings, Inc. posted quarterly adjusted earnings of $0.87 per share, surpassing the Zacks Consensus Estimate of $0.75 per share. Earnings were higher than $0.70 per share a year ago. The electronics company’s revenue in the quarter ended May 2022 rose to $462.54 million (from the year-ago quarter’s $437.73 million), and also topped the Zacks Consensus Estimate by 1.65%. The...
Concentrix Corporation’s adjusted earnings came in at $2.85 per share for the quarter ended February 2022, surpassing the Zacks Consensus Estimate of $2.70 per share. The figure was $2.29 per share a year ago. Revenues of $1.54 billion in the quarter exceeded the Zacks Consensus Estimate by 0.38%. This is also higher than the year-ago quarter’s revenue of $1.35 billion. The company beat...
Accenture reported stellar performance in its second quarter, leading it to raise its revenue outlook. The company’s revenue grew +24% year-over-year to $15 billion in its second quarter ended February. The company’s new bookings in the quarter came in at $19.6 billion, up +22% from the year-ago period, with consulting and outsourcing revenue of $10.9 billion and $8.7 billion respectively...
IBM posted adjusted earnings of $3.35 per share for the fourth quarter, beating the $3.30 per share expected by analysts polled by Refinitiv. The tech/cloud company’s revenue came in at $16.70 billion also surpassed analysts’ expectations of $15.96 billion. IBM streamlined its reporting segments for the fourth quarter amid its spin-off of infrastructure services business Kyndryl. Revenue from...
IBM shares were downgraded to sell from neutral by a UBS analyst. Analyst David Vogt also cut his price target on the tech company’s shares to $124 from $136. Vogt mentioned in a research note that near-term risk to fourth-quarter operating estimates and an "elevated valuation" implies that the shares are "vulnerable" over the next 12 months. Vogt said that IBM is trading at over three turns...
Accenture posted its fiscal first-quarter earnings and revenue that exceeded analysts’ expectations. The company boosted its full-year fiscal 2022 guidance. The IT services company’s adjusted earnings for the quarter ended Nov. 30 climbed +20% from the year-ago quarter to $2.78, compared to analysts’ estimate of $2.64 a share. Including acquisitions, Accenture revenue increased +27%...
IBM shares fell Wednesday after hours, as the company’s third-quarter revenue came in below analysts’ expectations. IBM’s quarterly revenue rose +0.3% from the year-ago quarter to $17.6 billion. However, it fell short of analysts' estimates of $17.8 billion. Revenue increased +2.5%, normalized to exclude the company's Kyndryl managed infrastructure services division, which is set to be spun...
Global business process management company WNS posted net profit of $26.8 million for the first quarter, which represent an 81% year-over-year increase.
Revenues climbed +22% from the year-ago quarter to $253.2 million.
"Despite Covid-related challenges in the quarter, WNS continued to perform well and posted solid financial results.Hiring accelerated in support of both new wins and committed volume increases with existing clients," said Group CEO Keshav R Murugesh.
As of quarter-end, the company had $311.3 million in cash and investments.
IBM announced that it was buying Waeg, a Salesforce consulting partner in Europe.
The acquisition would potentially boost IBM’s Salesforce services and boost its hybrid-cloud and artificial intelligence strategy, as indicated by IBM.“The acquisition builds on IBM's continued investment in Salesforce consulting services to meet the rising client demand for experience-led business transformation and new customer engagement strategies backed by data, AI and machine learning,” IBM said.
The terms were not disclosed for the deal, which is expected to be closed this quarter.
In January, IBM acquired 7Summits, a U.S. consultancy that specialises in Salesforce's customer management software.
Accenture announced that is is forming a $3 billion investment - Accenture Cloud First.
The investment will happen over the next three years.Accenture estimates that only about 20% of business are in the cloud, while the pandemic unveiled a shift in how companies do business.
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ACN sees MACD Histogram crosses below signal line
ACN saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on September 03, 2020.
International Business Machines (IBM) shares traded sharply lower Thursday, after the group posted weaker-than-expected third quarter revenue.
IBM’s non-GAAP earnings for the three months ending in September declined -21.6% to $2.68 per share, a penny ahead of the Street consensus forecast.
But total revenues fell -3.9% to $18 billion, which was lower than analysts' forecasts of $18.29 billion.
CFO James Kavanaugh mentioned lower customer business volumes in certain markets and some multi-national clients, compared to expectations.
Nevertheless, IBM's cloud and cognitive software business, in which it has incorporated Red Hat, experienced a +6.4% rise in revenue to $5.28 billion.The company’s cloud services revenues rose +11% to $5 billion.
But the company's largest segment, global technology services, saw revenues decline -5.6% to $6.7 billion.
For the full-year, IBM expects non-GAAP earnings of around $12.80 per share, a figure that is in line with its
DXC Technology shares fell -4.4% Thursday, following a price target cut from a Wells Fargo Securities analyst.
Analyst Ed Caso lowered his price target for the information technology company to $32 from $46 a share.Caso also seemed concerned about a potential volatility in DXC stock price around current levels, notwithstanding current valuation levels.
According to Caso, investors are increasingly concerned as to whether the company would be able to boost organic growth without meaningfully reducing the EBITDA margin outlook.
The electronic bill payment provider has seen earnings and sales grow at a consistent pace while its management efficiency measurements are really strong.
The company has seen its earnings grow by 17% per year over the last three years while sales grew by 3%.Analysts expect earnings to increase by 24% for 2019 as a whole while sales are expected to increase by 160%.
Fiserv boasts a return on equity of 50.7% which is well above average and the profit margin is at 27.6%, also well above average.
Collectively these indicators help Fiserv get a 28 rating from the Tickeron SMR rating.
DXC Technology shares were losing more than -31% in trading Friday, following news that the company’s second quarter earnings missed estimates, margins fell from the year-ago period, and the company’s outlook that full-year earnings would fall heavily short of Wall Street estimates.
The information tech company reported adjusted earnings from continuing operations of $1.74 a share in the first fiscal quarter 2020, lower than the year-ago quarter’s $1.93. The EPS also fell below Wall Street analysts’ estimates of $1.71 a share.
What’s more, adjusted earnings before interest and taxes (EBIT) as a percentage of revenue was 13.3% in the quarter, substantially down from 15.2% a year ago.
CEO Mike Lawrie said the company is expecting adjusted earnings per share for the full year to be in the range of $7 to $7.75, far below the average Wall Street estimate of $8.20 for the year.
On Friday, International Business Machines (IBM) made an update on the earnings impact of its $34 billion acquisition of open-source software firm Red Hat.
Information tech giant IBM said the acquisition could potentially reduce non-GAAP operating earnings for the full-year 2019 by $1.10 to "at least" $12.80 per share, compared to the $13.90 per share forecast the company published in its second-quarter earnings report on July 16.
However, the company reiterated its 2019 free cash flow estimate of $12 billion.It predicts a "high single-digit" growth rate in overall operating pre-tax income for the 2020-2021 period.
Last month, IBM reported non-GAAP earnings of $3.17 per share which surpassed analysts’ estimates.
International Business Machines (IBM) completed its $34 billion acquisition of software firm Red Hat, as announced by the companies on Tuesday.
Initiated in October, the deal involves IBM paying $190 per share in cash for Red Hat, a price representing a 63% premium over the stock's price before the merger was announced.This marks IBM’ s biggest deal ever.
Following the acquisition, Red Hat will be a part of IBM’s Hybrid Cloud division, according to the original announcement.
IBM had previously indicated that the merger would boost its cloud infrastructure.
1 on job-search site Glassdoor for Gen Z applicants, claimed IBM CEO Ginni Rometty at CNBC’s @ Work Talent + HR Summit on Tuesday in New York City.
But that’s not the only way the technology giant, which employs roughly 350,000 workers, knows who in the workforce is currently searching for a new position.IBM artificial intelligence technology is now 95 percent accurate in predicting workers who are planning to leave their jobs, said Rometty.
Thanks in large part to its cloud and digital services expansion, Accenture crushed earnings estimates for its fiscal second quarter, in addition to raising its full-year outlook.
For the three months ended February, the global consulting company’s diluted earnings came in at $1.73 per share, surpassing analysts’ expectations of $1.57.The group's gross margin increased 30 basis points to 29.2%.
Accenture’s total revenues increased +5.44% year-over-year to $10.45 billion, also exceeding analysts' estimates of $10.3 billion.
IBM (IBM -0.1%) announces the official availability of its IBM Blockchain World Wide real-time payments network for regulated financial institutions in a growing number of markets.
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