D-Link India posts 68.75% Growth from Apr-Dec 2012

D-Link India posts 68.75% Growth from Apr-Dec 2012

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 improved revenue productivity”

He further added, “It was, indeed, our enhanced emphasis on the Enterprise segment since the last couple of quarters that helped us yield such positive result. We have successfully managed to make inroads in Government, Large Corporate segment for our enterprise offerings…..See More

D-Link India posts 115% Growth

D-Link India posts 115% Growth

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 helped us further strengthen our position as a leader in internet connectivity devices. Further, we also noticed high level of acceptance in consumer space for lifestyle networking devices, which again was very motivating. In fact, this quarter we launched quite a few innovative devices for consumers that included a host of mydlink cloud-enabled products,” added Sighat.

EXL announces its Financial results

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 and sequentially, driven by foreign exchange as well as a consequence of the rapid growth in our transformation business. This margin expansion more than offset the headwinds from wage increases implemented during the quarter. Our hedging strategy performed as expected, ensuring stable earnings per share despite foreign exchange volatility.”

Seagate declares Fiscal 2012 Financial Results

Seagate declares Fiscal 2012 Financial Results

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 of $6.75. In the fiscal year 2012, Seagate returned over 85% of its operating cash flow to shareholders in the form of dividends and share redemptions.

Steve Luczo, Seagate Chairman & Chief Executive Officer, said, “As we announced previously, we were disappointed not to meet our revenue and margin plan for the fourth quarter as a result of the industry’s faster recovery from the supply chain disruption and an isolated supplier issue that we experienced. Nevertheless, we are pleased to have achieved record revenue and unit shipments for the June quarter, which enabled Seagate to continue to return significant value to shareholders through dividends and share repurchases.”

TCS crosses $10 billion milestone

TCS crosses $10 billion milestone

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 markets.”

S Mahalingam, Chief Financial Officer & Executive Director said, “We have grown very well during 2011-12 and also been able to exit the year at the right margin levels, despite the marked increase in volatility during the past 12 months. Our focus is firmly fixed on the opportunities out there. So while maintaining our cost discipline at an operational level, we continue to invest in capacity and capability as we prepare for growth ahead.”

There was secular growth across markets and industries during the financial year. North America grew by 29.6% to cross $5 billion while Europe including United Kingdom grew by 33.8%.  All industry verticals grew in double digits during FY12.

Ajoy Mukherjee, Executive Vice President, Head, Global Human Resources said, “We have successfully undertaken the largest ever hiring effort in our history by adding and integrating70,400 professionals during 2011-12. With business demand continuing to be robust, we have made 43,600 offers on campuses for trainees to join us from the second quarter of this fiscal year. Our efforts to increase retention by engaging with our employees and offering them a progressive career path are paying dividends with attrition rates falling further to 12.2 per cent.”

High utilization rates have been maintained in the fourth quarter with utilization excluding trainees at 80.6 per cent, while utilization including trainees was at 71.3 percent. The overall attrition rate was lower at 12.2% with IT attrition at a low of 11.05 per cent and BPO attrition at 21.6% on a LTM basis. The campus hiring process in India has been completed for FY12.

Red Hat reports Financial Results

Red Hat reports Financial Results

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 more customers every day as they re-architect the infrastructure of their data centres for greater efficiency, agility and cloud enablement,”  said Jim Whitehurst, President & Chief Executive Officer, Red Hat.

GAAP operating income for the fourth quarter and the full fiscal year 2012 was US$48.5 million and US$199.9 million, respectively. GAAP operating margin was 16.3% in the fourth quarter and 17.6% for the full year.  After adjusting for stock compensation and amortization expenses, as detailed in the tables below, non-GAAP operating income for the quarter was US$77.2 million, or a 26.0% operating margin, and full year non-GAAP operating income was US$298.9 million.  Full year non-GAAP operating margin was 26.4%, representing an increase of 160 basis points from the prior year.

VMware declares Q4 & Full Year 2011 results

VMware declares Q4 & Full Year 2011 results

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 per diluted share, for the fourth quarter of 2010. Non-GAAP net income for the quarter was $266 million, or $0.62 per diluted share, compared to $198 million, or $0.46 per diluted share, for the fourth quarter of 2010. Operating cash flows for the fourth quarter were $561 million, an increase of 38% from the fourth quarter of 2010. Free cash flows for the quarter were $535 million, an increase of 32% from the fourth quarter of 2010. Revenues for 2011 were $3.77 billion, an increase of 32% from 2010. Operating income for 2011 was $735 million, an increase of 72% from 2010. Non-GAAP operating income for 2011 was $1.17 billion, an increase of 43% from 2010. Net income for 2011 was $724 million, or $1.68 per diluted share, compared to $357 million, or $0.84 per diluted share, for 2010. Non-GAAP net income for 2011 was $936 million, or $2.17 per diluted share, compared to $639 million, or $1.51 per diluted share, for 2010. Operating cash flows for 2011 were $2.03 billion, an increase of 72% and free cash flows for the year were $1.95 billion, an increase of 62% from 2010. Cash, cash equivalents and short-term investments were $4.51 billion and unearned revenue was $2.71 billion as of December 31, 2011.

 

Mark Peek, Chief Financial officer, VMware said, “We are pleased with our record fourth quarter results. Our investments over the years have clearly paid off and we will continue to take advantage of long-term opportunities ahead. First quarter 2012 revenues are expected to be in the range of $1.015 and $1.040 billion, an increase of 20% to 23% from the first quarter 2011. Annual 2012 revenues are expected to be in the range of $4.475 and $4.6 billion, an increase of 19% to 22% from 2011, and annual license revenues are expected to grow between 11% and 16%.”

HCL Infosystems announces its Financial Results

HCL Infosystems announces its Financial Results

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 projects and customer decision cycles. Our Learning Business consistently grew market share and also recorded year-on-year growth. B2B Computing and Office Automation Business did have significant declines YOY due to reduction in spending by government sector. I am confident that the companywide business excellence programme “Aspire” triggered over the last two quarters to realign the organization to drive cost and working capital efficiencies and to re-position for future growth opportunities will over the next few quarters show positive results in terms of both bottom-line as well as cash flow performance.”

Company also won large multiyear contract for nationwide Infrastructure Managed Services engagement from a leading Pharma company in India. The Office Automation Business won various orders from organizations like All India Radio (Delhi), Doordarshan, Cisco, Vodafone, Reliance Life Insurance, etc. HCL Digischool grew YOY by 100%. HCL Learning recently in the month of October also tied up with Annamalai University to launch the MBA-IMS Programme (Infrastructure Management & Security) via distance learning mode.