Wipro Fourth Quarter Earnings Call
Jan 24, 4:31 AM EST |
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| Sequential revenue growth of 7.4% in IT services was driven by volume growth of 5.4% and increase in realization of 1.3%. |
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| On the Forex front, realized rate was INR44.04 versus at the rate of INR44.77 realized for the quarter ended 31st December 2006. The company affected salary hikes from January for onsite employees, which impacted margins by 50 basis points. Operating margins of acquisitions portfolio improved by more than 150 basis points sequentially. The BPO business has completed its first phase of transformation and it has delivered good growth in the last two quarters, and has held margin about 22% range. |
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Spansion Fourth Quarter Earnings Call
Jan 24, 3:58 AM EST |
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| The net loss widened to $49.5 million or 37 cents a share as against a net loss of $25 million or 19 cents per share in the previous year. |
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| The world''s largest pure-play provider of Flash memory solutions reported revenue of $653 million, an increase of 7% over the sequential quarter, but dropped 5% over the prior year quarter. During the quarter, the firm experienced ASP drop of 37% over the last year quarter. Spansion witnessed increase in the research and development cost due to the $4 million ramp-up costs for SP1. For the first quarter, the company anticipates the revenue to be in the range of $580 million to $640 million. |
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CSX Fourth Quarter Earnings Call
Jan 23, 7:10 AM EST |
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| Including the gain on insurance, the net income increased to $365 million versus $347 million in the previous year. |
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| The operator of the railroad reported revenue of $2.58 billion as against $2.4 billion in the prior year. During Q4, overall revenue per unit increased 10.5%, due to both increased fuel recovery and price increases. CSX witnessed 3% growth in expenses for the quarter, driven by significantly higher fuel costs. For fiscal 2007, the firm again produced record comparable results with operating income improving 14% to $2.2 billion and earnings per share improving 22% to $2.70. |
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TD Ameritrade First Quarter Earnings Call
Jan 23, 6:16 AM EST |
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| Profit rose to $240.8 million as client assets grew and trading activity rose, prompting the discount brokerage to boost 2008 profit forecast. |
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| TD Ameritrade''s net revenue grew to $641.6 million from $545.2 million, exceeding Wall Street''s $623.7 million forecast. Average daily client trades rose 35% from a year ago to 322,000, though the company also noted that 58% of latest-quarter revenue were asset-based, pointing to the success of its asset-gathering efforts. For fiscal 2008, TD Ameritrade now expects earnings of $1.23 to $1.41 a share, suggesting a midpoint of $1.32. |
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International Game Technology First Quarter Earnings Call
Jan 22, 4:00 AM EST |
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| Net income fell to $114 million or 36 cents per share compared to $121 million or 36 cents per share in the prior year quarter. |
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| The designer and manufacturer of entertainment products reported revenue of $645.8 million, a marginal increase of 0.5% over $642.3 million in the prior year. The management attributed the revenue growth to expanding international operations and continued growth in non-machine revenue sources. The install base at the end of the first quarter was 58,800 units that earned $62 per day per unit. For Q2, the earnings per share are expected to be in the range of 35 cents to 40 cents. |
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Advanced Micro Devices Fourth Quarter Earnings Call
Jan 21, 9:13 AM EST |
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| The net loss was $1.77 billion or $3.06 per share as against a net loss of $576 million or $1.08 per share in the previous year. |
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| The semiconductor company reported revenue of $1.77 billion, an increase of 8% from the sequential third quarter, on higher average selling prices as well as record microprocessor unit shipments. The charge for the write down of good will and intangible assets associated with the acquisition of ATI was $1.675 billion, of which $1.6 billion was non-cash. AMD expects revenue to decrease in the seasonally weak first quarter and anticipates acquisition related charges to be roughly $55 million. |
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Citigroup Fourth Quarter Earnings Call
Jan 21, 8:18 AM EST |
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| Revenues were up 15% to nearly $24 billion following continued customer balances growth, partly driven by investment in new distribution. |
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| The global financial services holding company reported 3% growth of net income from continuing operations $5.129 billion with 2 points of leverage from the share buyback. Revenue growth on a global basis was driven by deposits which were up 20%, loans up 16%, and client assets under fee based management up 15%. A 4% increase in net interest revenue in the quarter was reported, resulting to 15% net revenue growth rate regardless of the gray zone charge and some other issues. |
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International Business Machines Fourth Quarter Earnings Call
Jan 21, 4:36 AM EST |
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| Profit increased 12% to $3.95 billion helped by software and services. |
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| Global services revenue rose 17% from a year ago to $14.9 billion, with new services contracts signing of $15.4 billion. Hardware sales fell 4% to $6.8 billion, but IBM said those results would have been flat with a year ago were it not for the company selling its printing division last year. Financial service sales outside the U.S. rose 15% from the fourth quarter of 2006, while sales in the U.S. market were flat. IBM forecasts 2008 earnings would rise 15% to 16% to $8.20 and $8.30 a share. |
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JPMorgan Fourth Quarter Earnings Call
Jan 21, 4:40 AM EST |
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| Profit declined 34% to $3 billion after suffering a $1.3 billion subprime-related hit. |
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| JPMorgan’s revenue rose 7% to $17.4 billion, beating estimates of $17.05 billion. The company reported a $1.3 billion writedown in the company''''s investment banking arm, due to the decline in value of its subprime holdings. Investment banking fees were $1.7 billion, up 5% from the prior year, reflecting record advisory and equity underwriting fees, largely offset by lower debt underwriting fees. Checking accounts totaled 10.8 million, up 844,000, or 8%, from the prior year. |
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Continental Airlines Fourth Quarter Earnings Call
Jan 19, 6:14 PM EST |
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| Income was $24 million, up from a loss of $4 million realized in 2006 due to increased focus on cost reduction and revenue growth. |
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| The commercial airliner reported revenue of $3.5 billion, an increase of 12 % from $3.2 billion over the prior year as a result of growth in passenger revenue at a pace significantly greater than capacity growth, a testament to excellent pricing and revenue management, operational and marketing performance. Efficiency gains are to be achieved through replacing some of the older less fuel efficient aircrafts with new more fuel efficient 737-800 and 900 ERF aircraft throughout 2008. |
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