Guidance Financial News

20.07 / 11:25

guidance Infosys Q1 Results: FY24 revenue guidance sharply trimmed to 1-3.5% From 4-7%; check details

₹5,945 crore, compared to ₹5,360 crore in the corresponding period last year. Infosys sharply trimmed its revenue guidance for FY24 to 1-3.5 per cent from 4-7 per cent. This copy is being updated

20.07 / 11:03

UPS guidance Infosys Q1 Results: Profit rises 10.9% to Rs 5,945 crore, FY24 revenue guidance revised to 1.0-3.5%

Infosys Q1FY24 Results: India’s second largest IT services company Infosys on Thursday posted fiscal first quarter profit at Rs 5,945 crore, up 10.9 per cent in comparison to Rs 5,360 crore during the same quarter last year, missing estimates. It posted revenue from operations at Rs 37,933 crore, up 10 per cent on-year as against Rs 34,470 crore during Q1FY23.

20.07 / 10:51

COST FIVE CEO Action Software Bottomline guidance Infosys Q1 Results: PAT rises 11% YoY to Rs 5,945 cr; firm sharply trims FY24 revenue growth guidance

Infosys on Thursday reported nearly 11% year-on-year (YoY) growth in consolidated net profit for the June quarter to Rs 5,945 crore. The bottomline was lower than the ET Now poll of Rs 6,150 crore. Consolidated revenue for the quarter increased by 10% YoY to Rs 37,933 crore.

20.07 / 07:19

COST UPS Citigroup guidance Centre Flight Centre upgrades guidance as corporate earnings outpace leisure

Flight Centre exceeded its profit guidance, thanks to corporate travel earnings at a record level, even though the market for business travellers is still in recovery mode.

20.07 / 06:01

COST UPS Citigroup guidance Storms lift insurer bill to $1b, yet QBE preserves guidance

Insurer QBE has taken an additional battering from US storms and tornadoes, but its natural perils loss was offset by premium growth holding up and investment yields improving.

20.07 / 06:01

COST Target RIG Citigroup performer guidance Santos cuts capex guidance on Barossa delay

Santos lowered its guidance for capital expenditure this year amid a delay in drilling at its Barossa gas project in the Timor Sea, but it is still aiming to resume work at the site by the year-end after resubmitting the environment plan for the controversial venture.

18.07 / 11:59

UPS Twitter Manufacturing JPMorgan Citigroup guidance stake Earnings wave, Novartis guidance, ARK's Twitter stake - what's moving markets

Investing.com — Investors look ahead to a busy week of earnings, including quarterly results from some of the largest U.S. banks. Meanwhile, drug-making giant Novartis improves its guidance as it eyes a spin-off of its Sandoz generics division later this year, and Cathie Wood says her ARK investment management firm has written down its stake in Twitter.

14.07 / 05:21

UPS Target Digital Booking Strategy TCS guidance TCS, HCL Tech, Wipro give cautious guidance; what should investors do with these stocks after subdued Q1FY24 results?

Indian IT firms, Tata Consultancy Services (TCS), HCL Technologies, and Wipro, have revealed their financial results for the April-June quarter of the current financial year (Q1FY24). The results were a mixed bag, and their guidance suggests a cautious outlook amid some signs of positivity for the near future. This situation may make it slightly challenging for investors to determine their strategy regarding these stocks. TCS reported a 16.84 per cent year-on-year (YoY) rise in its consolidated net profit.

13.07 / 11:01

UPS Digital Progressive CEO PepsiCo guidance PepsiCo raises annual guidance after topping FQ2 estimates; shares gain

PepsiCo (NASDAQ:PEP) shares moved 1.7% higher in pre-open Thursday after the company raised its full-year forecast following the FQ2 outperformance.

13.07 / 11:01

COST UPS Digital Delta guidance Delta soars to record quarterly earnings, lifts guidance

Investing.com — Delta (NYSE:DAL) has reported its best-ever quarterly revenue and earnings as a sharp post-pandemic rebound in travel demand flew in the face of economic growth concerns.

13.07 / 06:21

UPS Target Booking NIFTY guidance For HCL Tech, meeting FY24 guidance could be a tall order

HCL Technologies Ltd posted weak June quarter (Q1FY24) earnings, disappointing on key metrics. In constant currency terms, Q1 revenue fell 1.3% sequentially, missing analysts’ expectations. The company is witnessing consolidation and rationalization of spend in big technology clients which has impacted performance in key verticals such as ER&D, the management said. The total contract value of new deals declined to $1.6 billion in Q1FY24, analysts note that this metric has fallen below the $2 billion mark for the first time in the last eight quarters.

13.07 / 04:39

COST UPS Lowe's Progressive guidance fall Wipro Q1 results preview: Topline may fall 1.6% QoQ on weak tech spends; Q2 guidance likely to be muted

Wipro, the fourth largest Indian IT services company, is set to announce its earnings for the first quarter of fiscal 2024. The IT major is widely expected to report a weak quarter in line with the industry peers, witnessing a sequential decline in revenue and operating margin.

12.07 / 16:19

Stablecoin regulators MICA guidance compliance EU Regulators Issue Stablecoin Guidance, Calls For Compliance Ahead Of MiCA

Financial regulators within the European Union (EU) have urged stablecoin issuers alongside other industry participants to adopt the guidelines set out in Markets In Crypto Assets Regulation (MiCA).

12.07 / 10:01

COST UPS Booking Software Bottomline guidance fall Wipro Q1 Preview: PAT, sales may fall QoQ; guidance for Q2 likely to be soft

Wipro Ltd is likely to report a drop in both revenue and profit for the quarter ended June, weighed down by unfavorable business environment and subdued tech spending by clients. In dollar terms, analysts expect the company to report a 2% sequential decline in revenue in constant currency terms, which is at the midpoint of its guided range. For its IT services revenue, Wipro had offered a guidance in the range of $2,753 million to $2,811 million — translating to a decline of 1-3% sequentially.

10.07 / 10:25

ESG Asset Managers guidance ShareAction issues industry guidance to hold asset managers to climate pledges

ShareAction's guidance sets out five expectations for asset managers.

06.07 / 00:47

COST UPS Provident FIVE TCS guidance Q1 IT preview: Weak macros signal dull quarter for IT, firms may narrow guidance

Infosys and HCLTech may also trim the upper end of their revenue guidance range for the ongoing fiscal 2024, and the recovery predicted by the IT companies for the second half of the fiscal year is likely to be subdued, they said. The average of five analyst estimates collected by ET suggests Tata Consultancy Services, Infosys, HCLTech and Wipro to report a 0.35% increase quarter-on-quarter revenue for the quarter ended June 30, excluding changes in currency rates. The three months ending June 30 is usually considered a strong quarter for the sector.

01.06 / 18:37

Anti-money laundering businesses guidance UAE's Central Bank Introduces New Anti-Money Laundering Guidance for Crypto Businesses – Here's the Latest

The UAE’s Central Bank just introduced new anti-money laundering (AML) and counter-terrorism financing guidelines for crypto businesses and financial institutions handling digital assets, according to an announcement on Wednesday.

12.05 / 19:57

Binance regulation restrictions guidance Binance Says Farewell to Canada Following New Guidance Implementing Restrictions on Exchanges

Binance is pulling out of Canada.

13.04 / 21:17

CBDC Adoption IMF guidance IMF to publish CBDC handbook in response to increasing demand for guidance

With interest in central bank digital currencies (CBDCs) at an “unprecedented” level, the International Monetary Fund (IMF) is experiencing heavy demand for guidance in regard to them. In response, the IMF planned to release a CBDC handbook, deputy managing director Bo Li said in a recent speech.

06.02 / 11:11

regulation security guidance South Korean regulator provides guidance on security tokens

South Korea established guidance that specifies which types of digital assets will be considered and regulated as securities in the country.

15.12 / 23:39

regulation Banks BItlicense guidance New York State issues guidance for banks seeking to engage in activities with crypto

The New York state Department of Financial Services (DFS) released guidance on Dec. 15 for regulated banks seeking to engage in activities with virtual currency. The guidance, which took effect immediately, describes the application process and “summarizes the types of information the Department considers relevant” for obtaining the agency’s approval.

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