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Tag: quarterly results (page 1 of 1)

Avaya adds 100+ new $1mn deals in four quarters in a row

Avaya’s quarterly numbers portrayed how the company has benefited from the hybrid work schedule with 8% increased revenue compared to last year. With the addition of 1500 new customers and 107 deals over $ 1mn, for the fourth consecutive quarter of YoY growth.  66% of the revenue was recurring. Avaya CEO Jim Chirico mentioned the performance was the result of the structural investments made by the company.

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Uber India earnings take a plunge due to second wave of COVID-19

The US-based cab aggregator Uber released a statement mentioning the downfall experienced by them in India due to the pandemic and new lockdown rules. Uber CFO said the performance in major cities in India expected a drop of 30-40%, which is in contrast to that of the US and the UK which have managed to recover 62% and 80% respectively, compared to April 2019. Uber’s overall bookings grew 24% YoY to $19.5 bn in the March quarter, of which the food delivery business drove $12.5 bn.

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WNS net profit drops 6.7% in Q4

Net profit of WNS declined 6.7% to touch $27.5 mn, while revenue dipped 2% to hit $243.9 mn during the quarter ending on March 31. Last year, during the same period, it reported a net profit of $29.5 mn and revenue of $248.3 mn. For the full year, the BPM firm clocked revenue of $912.6 mn, down 1.7% from $928.3 mn in FY  2020. Net profit dipped nearly 12% to $102.6 mn. It added 33 new clients and expanded 71 existing relationships during the last FY.

Wipro clocks its best quarterly results in a decade in Q4 FY21

Wipro, for the time in over 10 years, has hit the best ever score in the March quarterly results as profit and revenue rose 27% and 3.4%, respectively. The IT services firm has put a forecast of 2-4% growth in the June quarter, with the aim to have a two-digit expansion—another first in a decade. Infosys, which reported robust numbers, is forecast to grow 12-14% in the year ahead, similarly, TCS is also expected to grow in double-digits.