Posts tagged "consulting"
There are all kinds of tax, regulatory and other reasons that insurance companies like to operate off the coast of the U.S. But it’s also no coincidence that some of the most popular spots for their headquarters are island get-aways like the Caymans and Bermuda. What’s more striking is the way these companies treat the...
Citigroup‘s Surendra Goyal this afternoon raised his rating on shares of Infosys (INFY) to Buy from Neutral, and raised his price target on the ordinary shares traded in Mumbai (500209BOM) to 2,750 Rupees from a prior 2,700 Rupees, writing that despite “pessimism” regarding the company following weaker-than-expected fiscal Q4 results a week and a half...
Shares of Infosys (INFY) are down $1.18, or 2.4%, at $47.97 as analysts continue to digest a weaker-than-expected fiscal Q4 report on Friday, and a weak outlook from the IT services firm. The stock received three downgrades this morning, from Macquarie Equities Research, from CLSA Asia Pacific Markets, and from Deutsche Bank. Macquarie’s Nitin Mohta...
Shares of IT services firm Infosys (INFY) are down $7.82, or almost 14%, at $48.95 in early trading after the company this morning reported fiscal Q4 revenue below analysts’ estimates, and forecast the current quarter’s results and the year results to miss as well. Revenue in the three months ended in March rose 10.5%, year over year,...
Shares of IT services firm Infosys (INFY) are down $7.82, or almost 14%, at $48.95 in early trading after the company this morning reported fiscal Q4 revenue below analysts’ estimates, and forecast the current quarter’s results and the year results to miss as well. Revenue in the three months ended in March rose 10.5%, year over year,...
Following better-than-expected fiscal Q2 results last night from Accenture (ACN) and an increased year outlook from the firm, UBS’s Maynard Um today reiterates a Neutral rating on shares of International Business Machines (IBM), but raises his price target to $203 from $195, writing that ACN’s quarter and outlook show “strong demand trends in IT services,”...
Shares of Accenture (ACN) are up 50 cents, or 0.8%, at $64.02, after the company last night beat fiscal Q2 expectations and raised its year outlook. Price targets and estimates are going up all around this morning, though bears have taken to zeroing in on the weakness in Accenture’s consulting side of the business: Ashwin...
Accenture (ACN) this afternoon reported fiscal Q2 revenue and profit per share ahead of expectations, Revenue in the three months ended in February rose to $6.8 billion, yielding EPS of $97 cents. Analysts had been modeling $6.66 billion and 86 cents. For the current quarter, the company sees revenue in a range of $7.05 billion...
When the New York Times (NYT) and its president and former chief executive, Janet L. Robinson, announced a few months ago that Robinson would step down at the end of the year – even though no successor had been identified – the news caught many off guard. The Times disclosed in an 8-K filed December 15, 2011 that...
